Terminals

CME Adds Delivery Point for WTI Houston Futures as U.S. Crude Exports Grow

CME Adds Delivery Point for WTI Houston Futures as U.S. Crude Exports Grow

CME Group said Thursday it has added dock allocation as another delivery point for its West Texas Intermediate (WTI) Houston futures contracts on the New York Mercantile Exchange. Pending regulatory review, the new delivery point would be effective with the January 2021 contract. The move would allow WTI Houston crude futures to be delivered directly…

September 25, 2020
Energy Spectrum’s Tivoli Midstream Looking to Build Gulf Coast Marine, Storage Portfolio

Energy Spectrum’s Tivoli Midstream Looking to Build Gulf Coast Marine, Storage Portfolio

The uncertainty looming over energy markets amid Covid-19 has not stopped private equity (PE) firm Energy Spectrum Capital from looking to the future as it has agreed to sponsor a new Houston-based oil and gas midstream company that initially would look to build a portfolio of terminals and storage projects on the Gulf Coast. Tivoli…

July 16, 2020

NEB: Gas Glut Won’t Float Away Anytime Soon

Plans to export liquefied natural gas (LNG) — including the long lineup of terminals proposed for the northern Pacific Coast of British Columbia (BC) — are moving too slowly to cut the North American supply glut for at least three years, according to the National Energy Board (NEB).

May 20, 2013

NEB: NatGas Glut to Continue

Plans to export liquefied natural gas (LNG) — including the long lineup of terminals proposed for the northern Pacific Coast of British Columbia (BC) — are moving too slowly to cut the North American supply glut for at least three years, according to the National Energy Board (NEB).

May 20, 2013

Industry Brief

Construction is under way on Intercontinental Terminals Co. LLC’s (ITC) new bulk liquids terminal on the Houston Ship Channel, which will provide storage and handling for petrochemicals and petroleum products as well as petrochemical gases and natural gas liquids (NGL). ITC, a unit of Mitsui & Co. (U.S.A.) Inc., has been operating on the channel since 1972 and owns and operates a 12.8 million bbl liquid bulk terminal facility in Deer Park, TX. The greenfield terminal is in Pasadena, TX, on the south side of the channel. Start up of operations is expected during the second quarter of 2015 with 10 tanks of 100,000 bbl each. The terminal will have two deep-water ship docks and four barge docks capable of handling large oceangoing tankers as well as inland barges. Multiple product pipelines are adjacent to or near the new terminal, which will also have rail and truck facilities.

April 1, 2013

Shell’s Massive Canada LNG Project Gains Export Permit

The biggest Canadian liquefied natural gas (LNG) export license yet has been granted for shipments to Asian markets, but no date is set to build any terminals or launch tankers.

February 11, 2013

Shell-Backed LNG Canada Gets Export Permit

The biggest Canadian export license yet has been granted for proposed liquefied natural gas (LNG) shipments to Asia, but no date is set to build any terminals or launch tankers.

February 6, 2013

Kinder-BP Ink Eagle Ford Condensate Deal

Kinder Morgan Energy Partners LP (KMP) and BP North America struck agreements for KMP to provide BP with condensate processing services and storage at Kinder Morgan’s terminals on the Houston Ship Channel.

July 23, 2012

FERC: Shale Production Keeping Gas Prices Low

Natural gas production from the nation’s shale plays now accounts for more than one-quarter of U.S. production, compared with 5% in 2007, and is helping to keep gas prices among the lowest in a decade, according to FERC’s Office of Enforcement (OE).

October 21, 2011

Smaller of BC LNG Export Projects Lining Up Customers

Canadian producers and international traders are lining up to support the aboriginal entry into plans for liquefied natural gas (LNG) export terminals on the Pacific coast of northern British Columbia (BC), the National Energy Board (NEB) has been told.

June 6, 2011
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