Oil exports

Enbridge Slaps Down $3 Billion for North America’s Largest Oil Export Terminal

Enbridge Slaps Down $3 Billion for North America’s Largest Oil Export Terminal

After scrapping its own plans to construct a deepwater crude oil facility, Enbridge Inc. is set to acquire North America’s largest crude export terminal after agreeing to pay $3 billion in cash for rival Moda Midstream Operating LLC. Under an agreement with EnCap Flatrock Midstream, Enbridge on Tuesday said it would acquire full operating interest…

September 7, 2021
Port of Corpus Christi Unveils Plans for Green Hydrogen at Facilities

Port of Corpus Christi Unveils Plans for Green Hydrogen at Facilities

The Port of Corpus Christi, a leading U.S. oil and natural gas export hub, has unveiled plans to explore green hydrogen production at its facilities in South Texas. Under a memorandum of understanding (MOU), the Corpus Christi port is partnering with finance giant Ares Management Corp. to look into the potential for building the hydrogen…

May 18, 2021
Michigan to Review Carbon Emissions Potential of Enbridge Line 5 Replacement

Michigan to Review Carbon Emissions Potential of Enbridge Line 5 Replacement

Carbon emissions will be on the agenda when the Michigan Public Service Commission (MPSC) begins hearings on May 18 into Enbridge Inc.’s $500 million plan to save its 540,000 b/d Line 5 oil conduit. “The need for a robust record in this case is crucial,” said an MPSC procedural ruling Wednesday. The ruling regards the…

April 22, 2021