Enterprise Products Partners Lp News

Enterprise Products Partners LP is working with U.S. officials to advance an offshore crude terminal project after the review schedule was suspended last week, the company said.Enterprise and Enbridge Inc agreed late last year to jointly develop a U.S. Gulf Coast crude export terminal known as Sea Port Oil Terminal (SPOT) that would load supertankers off Freeport, Texas.The application review schedule was suspended after SPOT Terminal Services LLC said it needed additional time to fully respond to information requests, according to a June 4 letter by the United States Coast Guard and Maritime Administration (MARAD).The USCG and MARAD have requested more information such as the project description and a list of landowners that would be affected…

Enterprise Products Partners LP said it would offer spot shipments of crude on an existing pipeline from the U.S. Gulf coast to Cushing, Oklahoma, the delivery point for benchmark U.S. crude futures, as demand to store oil inland surges.The move marks a sharp reversal from recent pipeline projects that were all built connecting inland markets to the Gulf Coast as U.S. crude exports climbed to record highs after Washington lifted a ban in late 2015.However, the coronavirus pandemic has crushed global oil demand and dented U.S.

Enbridge Inc and Enterprise Products Partners LP on Monday signed an agreement to jointly develop a deepwater offshore crude oil export terminal in the Gulf of Mexico capable of loading Very Large Crude Carriers.Both pipeline operators will work to finalize an equity participation agreement that would provide Enbridge an option to purchase ownership interest in Enterprise's Sea Port Oil Terminal (SPOT), subject to SPOT receiving a deep-water port license, Enbridge said in a statement.The companies would first jointly develop the SPOT project, and depending on how the export market grows, would utilize Enbridge's Texas COLT deep-water port or a similar project."Enbridge and Enterprise Products are partners in the Seaway Pipeline system.

Intercontinental Exchange Inc and Magellan Midstream Partners LP said on Wednesday they would auction dock capacity at Magellan's terminals in Galena Park and Seabrook, Texas, for holders of ICE's Permian West Texas Intermediate (WTI) crude futures contracts.The monthly auction process will allow customers who purchase an ICE Permian WTI crude futures contract, deliverable at Magellan's East Houston terminal (MEH), the option to load crude directly onto a vessel at Galena Park and Seabrook dock facilities for export, the companies said.The capacity offered will be adequate to fill Panamax and Aframax size vessels, with Suezmax size vessels set to be added in the future.Earlier this year…

Enterprise Products Partners LP said on Wednesday it expects to take about two years to construct its oil export project called Sea Port Oil Terminal, or SPOT, in the U.S. Gulf of Mexico.Permitting for the terminal was expected to reach the final stages by the end of the first quarter of 2020 and final approval was expected during the second quarter, a company executive said on its second quarter earnings call.Enterprise Products signed long-term agreements with Chevron Corp to support the development of SPOT…

The U.S. government shutdown has delayed Enterprise Products Partners LP's plan to build a major U.S. crude export terminal off Houston, blocking the pipeline operator from filing paperwork with U.S. regulators, an executive said on Wednesday.Enterprise plans to file a 10,000-page permit application with the U.S. Maritime Administration and the U.S. Coast Guard as soon as the U.S. government reopens. It takes about a year for regulators to process an application for a deep-water terminal."Tell me when the government opens and I'll tell you when it happens…

Seaway Crude Pipeline Company LLC, a joint venture between Enterprise Products Partners LP and Enbridge Inc, plans to load its first supertanker this month at its Texas City marine terminal:* VLCC FPMC C Melody will be loaded with about 1.1 million bbls (2-million-bbl capacity); remaining crude to be transferred in a lightering zone* The VLCC was anchored near Houston as of Wednesday - Thomson Reuters vessel tracking data/shipping source* Enterprise said Midland-Sealy pipeline reached full service capabilities in April and is currently moving volumes at full capacity* Enterprise is evaluating an NGL pipeline conversion to crude to add capacity* Enterprise crude exports were about 724,000 bpd in May-presentation Reporting by Devika Krishna Kumar in New York; Editing by Dan Grebler

Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic. U.S. crude exports have boomed since the decades-old ban was lifted less than two years ago, with shipments recently hitting a record of 2 million barrels a day. But shippers and traders fear the rising trend is not sustainable, and if limits are hit, it could pressure the price of U.S. oil. How much crude the United States can export is a mystery. Most terminal operators and companies will not disclose capacity, and federal agencies like the U.S. Energy Department do not track it.

Harley Marine Services (HMS), a full service marine transportation provider, has acquired certain offshore marine assets of Enterprise Marine Services LLC (EMS), a subsidiary of Enterprise Products Partners, L.P. The acquisition includes 10 vessels to be used in current operations: six double hull petroleum barges and four tugboats. Harley Marine will also acquire the expertise and knowledge of current Enterprise employees associated with these assets, making the transition smooth and seamless as the vessels are incorporated into the Harley Marine fleet and adapt to the company's policies and procedures, the company said. "Securing these assets supports our growth strategy and our focus on exceeding needs and expectations of our customers.

U.S. energy group Enterprise and oil trader Vitol raced to exploit the end of a 40-year ban on most U.S. crude exports, the first of many firms eager to "stress test" last week's historic opening. Despite a sudden change in global oil market conditions that many oil traders say has eliminated the economic advantage of shipping domestic crude far abroad, some companies that have long lobbied for the change in policy may be eager to show that their effort was not in vain, according to some experts. Houston-based pipeline group Enterprise Products Partners LP said in a statement it will provide pipeline and marine terminal services to load a 600,000-barrel cargo of domestic light crude oil scheduled for the first week of January.

Enterprise Mariner Services, LLC (EMS) operates with the motto “Safe, Efficient, Reliable”. With the addition of their eighth Z-drive towboat and the fourth from Sneed Shipbuilding, the goal of maintaining that excellence is ever more assured. As with the previous three, the 87 by 34-foot Sebastian D, with an 11.5-foot molded depth, was built by Sneed Shipbuilding of Channelview Texas. This makes them well suited for working the Gulf Intracoastal Waterway where they routinely push two 30,000-barrel petroleum barges.

Enterprise Products Partners LP said on Wednesday that companies using its crude oil storage facility in the Houston Ship Channel must pay extra for dock services, brushing off complaints from client BP Plc . "We believe if you want a service, you pay for it," Enterprise Chief Operating Officer Jim Teague told analysts when asked about concerns, first reported by the Wall Street Journal, that the company's strong position in Gulf Coast storage gives it too much pricing power. Britain's BP has reportedly told the U.S. Federal Trade Commission that Enterprise, a major midstream company, has started charging $1 a barrel in dock fees for crude it handles at the Houston site, on top of storage fees. Since Houston is the top U.S. petrochemicals port, the dock fees could add up to big revenue.

Enterprise bumps up exports through annual contracts; signs 2015 contracts with PDS, Vitol; seeks one more term buyer. U.S. exports of condensate have been given an important boost after pipeline company Enterprise Products Partners LP agreed annual contracts with at least two major trading companies to sell the light crude, trade sources said. Oil producers have been pressing to lift a 40-year-old U.S. ban on crude exports and the Department of Commerce broke its year-long silence in December and began approving a backlog of requests to sell processed light oil abroad. Enterprise is selling 40,000 barrels per day (bpd) under the contracts, which should give it a headstart before other firms get the nod to export condensate produced from shale operations.

Enterprise Marine Services, a subsidiary of Enterprise Products Partners L.P., is making a major commitment to Z-Drives for the US inland waterways. They currently have four Z-Drive boats in service and have taken delivery of two new Z-Drive vessels from Sneed Shipbuilding in Texas with three more under construction. The new vessels, named Sheridan A and Terry H, were built by Sneed Shipbuilding, Inc., Channelview, TX. They measure 87 x 34 x 11.5 ft. and have a 34.8-in. eye level. They are powered with a pair of 1,000 hp. Cummins QSK 38M, Tier III, diesels coupled to Z-Drives from ZF Marine.

Enterprise Marine Services, a subsidiary of Enterprise Products Partners L.P., is making a major commitment to Z-Drives for the U.S. inland waterways. They currently have four Z-Drive boats in service and have taken delivery of two new Z-Drive vessels from Sneed Shipbuilding in Texas with three more under construction. The new vessels, named Sheridan A and Terry H, were built by Sneed Shipbuilding, Inc., Channelview, Texas. They measure 87 by 34 by 11.5 feet and have a 34-foot 10-inch eye level. They are powered with a pair of 1,000 hp.

Enterprise Products Partners LP said it was looking at expanding the ethane export facility it is building on the Houston Ship Channel after winning another transport contract. With the additional contract to provide ethane storage, transportation, refrigeration and loading services, Enterprise said 85 percent of the terminal's capacity was now contracted. Enterprise, which also has a large crude storage facility in Houston, received permission last month from the U.S. Department of Commerce to export a minimally processed form of light crude oil.

Enterprise Products Partners will build an ethane export facility on the Houston Ship Channel, signing a long-term agreement with the Port of Houston Authority for use of its facilities adjacent to Enterprise's existing terminal at Morgan's Point. "The agreement is exciting for the port and the entire region in terms of creating jobs and fostering positive economic impact," noted Janiece Longoria, Chairman of the Port Commission of the Port of Houston Authority. The 30-year agreement is a significant transaction for the Port Authority that will enhance the value of the existing lease with Enterprise. The facility is expected to begin operations in the third quarter of 2016.

Oiltanking Partners, L.P. says it has expanded its terminal agreement with Enterprise Products Partners, L.P. to further increase exports of liquefied petroleum gas (LPG) at the Partnership's terminal on the Houston Ship Channel. With an expected completion date of year-end 2015, the expanded LPG export terminal will have total loading capacity in excess of 16 million barrels per month of low-ethane propane and/or butane. Under the expanded agreement with Enterprise, the Partnership will provide additional dock capacity to load LPG vessels and land for Enterprise to expand its export facility.

Houston-based Oiltanking Partners LP to expand its terminal on the Houston Ship Channel to meet demand to export liquefied petroleum gas. Expansion plans include a new vessel dock and upgrades to existing ones and should be completed by the end of 2014. The expansion will take the loading capacity from its current rate of four million barrels per month to about 7.5 million barrels per month, reports Houston Business Journal. Oiltanking will provide import and export services from the expansion exclusively to Houston-based Enterprise Products Partners LP. Expansion plans include a new vessel dock and upgrades to existing ones and should be completed by the end of 2014.

Tata Steel has been awarded an eight-figure U.S. dollar contract to supply pipe for Enterprise Products Partners L.P.’s new crude oil export pipeline in the Gulf of Mexico’s Keathley Canyon area. The contract will see Tata Steel deliver more than 48,000 metric tons of steel pipe from its 42-inch mill in Hartlepool, England, for the Lucius Development Project, which has the capacity to produce in excess of 80,000 barrels of oil per day. Tata Steel will provide 105 miles (169 kilometres) of 18-inch diameter line pipe.