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Offshore - Sea Port Oil Terminal to start operations by 2027, says Enterprise official
Saturday, 06/10/2023

June 8, 2023 – Offshore

Sea Port Oil Terminal to start operations by 2027, says Enterprise official

By Offshore staff

HOUSTON – Enterprise Products Partners’ Sea Port crude oil export terminal off the coast of Texas could begin operations between the second half of 2026 and early 2027, the pipeline operator’s co-CEO said on Thursday.

According to Reuters, Enterprise Co-CEO Jim Teague disclosed the proposed Sea Port Oil Terminal’s start date at the recent RBN Energy export conference in Houston. Previous announcements had said that the Sea...

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Yahoo Finance - Enbridge's Mainline crude pipeline volumes to drop as Trans Mountain expansion
Thursday, 06/08/2023

June 8, 2023 – Yahoo Finance

Enbridge's Mainline crude pipeline volumes to drop as Trans Mountain expansion

By Arathy Somasekhar

HOUSTON, June 8 (Reuters) - The coming expansion of the Canadian government-owned Trans Mountain pipeline will reduce crude oil flows on Enbridge Inc.'s Mainline oil pipeline, an Enbridge executive said on Thursday.

The expansion, which is expected to begin operations in early 2024, initially will reduce Enbridge's Mainline volumes by 200,000 to 300,000 barrels per day, Senior Vice President Phillip Anderson...

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Reuters - Oil supply growth still limited as demand rises, US shale executive says
Thursday, 06/08/2023

June 8, 2023 – Reuters

Oil supply growth still limited as demand rises, US shale executive says

By Arathy Somasekhar

HOUSTON, June 8 (Reuters) - Global demand for crude oil is continuing to rise but supply growth remains limited, which will lead to higher prices later this year, said an executive at Pioneer Natural Resources (PXD.N), the third-largest producer in the top U.S. shale basin.

The U.S. oil industry's output has been capped by higher labor and materials costs that have squeezed profit margins and investor demands to limit...

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Energy Intelligence - US Crude Exports Diversify as Europe's Share Rises
Friday, 06/02/2023

June 2, 2023 – Energy Intelligence

US Crude Exports Diversify as Europe's Share Rises

By Frans Koster

Continued growth in US crude exports is virtually guaranteed as long as production keeps rising. Experts say this dynamic is the result of shale production, which tends to yield light, sweet crude as well as condensate and natural gas liquids in abundance.

The domestic downstream’s configuration, in contrast, is geared towards heavier, higher-sulfur feedstock. “Before [shale], exports of US-sourced crude oil and petroleum products...

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Reuters - Record U.S. crude exports, rising shale output boosts oil flow to Houston
Friday, 05/12/2023

May 12, 2023 – Reuters

Record U.S. crude exports, rising shale output boosts oil flow to Houston

By Arathy Somasekhar

HOUSTON, May 12 (Reuters) - Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again as rising output has absorbed most of the space on lines to the main south Texas export hub in Corpus Christi.

Read the full article here: https://www....

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