Over five years ago, several companies submitted applications to the United States Maritime Administration (MARAD) for licenses to establish deepwater crude export terminals. Some fell by the wayside but four contenders remain: Sentinel Midstream’s Texas GulfLink (TGL, yellow striped diamond in map below), Enterprise’s Sea Port Oil Terminal (SPOT, green striped diamond), Energy Transfer’s Blue Marlin (dark-blue striped diamond) and Phillip 66 and Trafigura’s Bluewater (striped light-blue diamond). SPOT secured its license from MARAD in April and news about deepwater ports has been crickets since.
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- Analyst Insight
Sentinel Midstream’s Texas GulfLink Receives Pivotal Regulatory Milestone for Deepwater Crude Export Dock
Over five years after its original application to the United States Maritime Administration, Sentinel Midstream’s Texas GulfLink deepwater export project received its Final Environmental Impact Statement, a critical milestone.
- Blog
Going The Distance - Sentinel's Texas GulfLink Makes Big Strides Forward in Export Terminal Race
In the race to build the next deepwater crude oil export terminal in the Gulf of Mexico, Sentinel Midstream’s proposed Texas GulfLink (TGL) has become one of the frontrunners. TGL’s plan gained its crucial Record of Decision (ROD) Approval from the U.S. Department of Transportation’s Maritime Administration (MARAD) on February 14, but there is still some distance to go before a final investment decision (FID) is reached. In today’s RBN blog we’ll discuss Sentinel’s TGL plan, why it might be uniquely positioned to move forward, and the other contenders still in play.
- Analyst Insight
EPA Backs Deepwater Oil Export Facilities Despite Recent Pushback from Climate Activists
Climate activist who successfully urged the Biden administration to pause new U.S. LNG export permits are now targeting proposed deepwater crude oil export facilities. In response, the Environmental Protection Agency stated it “does not object to the issuance of a license,” noting that all proposed deepwater port facilities undergo extensive environmental reviews to secure permits.
