Houston and Corpus Christi dominate crude oil exports, but the balance between the two hot spots has been shifting in interesting ways recently. In Houston, Enterprise could extend its lead and in Corpus Christi, South Texas Gateway is fighting for the top spot after adding a new pipeline connection last fall.
Houston and Corpus Christi have been locked in a battle for the top spot as the primary outlet for Permian crude. Lately, the pendulum has been swinging toward Corpus — and not by accident.
Houston and Corpus Christi have been locked in a battle for the top spot as the primary outlet for Permian crude. Lately, the pendulum has been swinging toward Corpus — and not by accident.
Phillips 66’s Sweeny Complex includes refining, midstream and petrochemical units and illustrates how a well-designed facility can deliver operating and financial efficiencies.
Out of the blue, Plains All American has scooped up 100% of the EPIC Crude Pipeline. Plains had previously announced an agreement to buy a 55% stake in the Permian-to-Corpus-Christi pipeline from Diamondback Energy and Kinetik Holdings, and on November 5, it said it had closed on a deal to buy the other 45% from Ares Management. In today’s RBN blog, we’ll discuss what the acquisition means for Plains, as well as a possible expansion of EPIC and the planned rebranding of the pipe.
The eight-year legal clash over the coveted CITGO refinery assets just took another unexpected turn, leaving the potential sale up in the air. The winner of the auction for CITGO’s three large U.S. refineries, related pipelines and terminal assets remains uncertain as the auction faces additional legal hurdles. In today’s RBN blog, we’ll dive into the latest in the court case and what it could mean for the three refineries involved, which have a combined capacity of more than 800 Mb/d.
The original Cactus Pipeline was a pioneer in moving large volumes of crude oil from the Permian and the Eagle Ford to the Corpus Christi area, which quickly became a leader in U.S. crude exports. Cactus II, an even longer and larger pipeline that came online in H2 2019, only added to Corpus Christi’s export prominence. But the competition with Permian-to-Houston pipelines is fiercer than ever and negotiated rates on pipelines to the Texas Gulf Coast are under pressure. In today’s RBN blog, we look at the Cactus I and Cactus II pipelines and their significance.
Crude oil producers in the prolific Permian Basin have plenty of options to move their barrels, especially since pipeline capacity currently exceeds production, but not every route out of the basin is equal. One of the hottest destinations for Permian crude is Houston, which boasts an attractive mix of refining and export demand. In today’s RBN blog, we look at the pipelines that transport Permian crude to Houston, discuss why it’s such a vital spot, and preview our latest Drill Down Report.
The bitter, eight-year battle to control CITGO Petroleum’s three U.S. refineries could soon be coming to an end. A Delaware court has recommended a $7.38 billion bid from Dalinar Energy Corp., the U.S. subsidiary of Canadian miner Gold Reserve Ltd. There’s opposition, but a final decision could be just weeks away. In today’s RBN blog, we’ll discuss what a resolution would mean for the three refineries, which have a combined capacity of more than 800 Mb/d.
