Enterprise

In long-term agreements with Chevron Corp., Enterprise Products Partners on Tuesday agreed to provide more Permian Basin oil takeaway, and it pulled the trigger on a Texas offshore oil terminal.

Houston-based Enterprise Products Partners LP’s volumes climbed almost across the board during the second quarter on stronger activity in the natural gas pipelines, liquids fractionation, petrochemical and oil systems, with most of the business moving supply from the Permian Basin to the Texas coast and beyond.

Enterprise Products Partners LP late Monday launched a big expansion of its oil export facilities on the Texas coast, which it is linking to continued Permian Basin growth.

Enterprise Products Partners LP said Tuesday it is extending its ethylene pipeline and logistics system further into South Texas to take advantage of a growing list of crackers and ethylene derivative plants underway to accommodate oil and gas growth from the Lower 48.

Enterprise Products Partners LP (EPD) is boosting capital expenditures (capex) for 2019 after reporting record net income during a solid first quarter that included a new high of 900,000 b/d in crude oil volumes from its marine terminals, management said Wednesday.

FERC granted orders for two crude oil expansion projects in the Permian Basin proposed by subsidiaries of EnLink Midstream LLC, but denied an order to a unit of Enterprise Products Partners LP for a similar expansion on concerns with that project’s open season.

Enterprise Products Partners said Tuesday it is teaming up again with CME Group for an electronic auction that would offer domestic crude for export from its Houston Ship Channel terminal.

Given persistently tight fractionation capacity along the Gulf Coast, Enterprise Products Partners LP plans to optimize the Shoup fractionator in Nueces County by expanding and repurposing a portion of its South Texas natural gas pipeline system, the company said Tuesday.

Enterprise Products Partners LP (EPD) is upping it efforts to address strong customer demand for midstream services in the Permian Basin and along the Gulf Coast by expanding natural gas liquids (NGL) fractionation capacity and gas processing, management said.