Oil Export Port News

The U.S. Transportation Department on Tuesday approved a license for oil transportation and storage company Sentinel Midstream's planned deepwater oil export project off the Texas coast.Transportation Secretary Sean Duffy said in a statement to Reuters the Texas GulfLink project is part of the Trump administration's effort to boost the U.S. oil industry and production and allow for the export of up to 1 million barrels of crude oil per day. The Texas GulfLink deepwater port will be located approximately 26.6 nautical miles off the coast of Brazoria County…

As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.In April, Enterprise Products Partners' SPOT became the first project to receive a license from the U.S. maritime regulator for a deepwater port that could load two supertankers, each of which can carry up to 2 million barrels of oil at a time.But multi-year regulatory delays, a loss of commercial backers and slowing U.S.

The Port of Corpus Christi on Wednesday named Chief Financial Officer Kent Britton as its new chief executive officer to head the largest U.S. oil-export port by volume.The appointment comes nearly four months after Sean Strawbridge, the previous chief executive, abruptly resigned after he was questioned about his business expenses.Strawbridge has said all his expenses were in compliance with port policies and state statutes, and have all cleared the internal review process and…

Sean Strawbridge, chief executive of the Port of Corpus Christi, the largest U.S.

The first storm to hit oil-producing regions of the U.S. Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production.A weather disturbance in the central Gulf of Mexico was expected to become a tropical storm on Friday. It was moving north at about 14 miles per hour (22 kmh) and could bring up to 12-inches of rain to the central U.S. Gulf Coast by Saturday, the National Weather Service said.Equinor ASA on Friday said it had removed staff and shut production at its Titan platform, which is about 65 miles (105 km) off the coast of Louisiana.

US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Europe, which rose from 2.7 million tonnes in December to 4.8 million tonnes in January.A strong end to 2018 meant that volumes for the full year totalled 87.4 million tonnes, 96.7% higher than the 44.4 million tonnes exported in 2017. This is good news for the crude oil tanker sector…

Venezuela's main oil export port of Jose and the country's four crude upgraders have been unable to resume operations following a massive power blackout on Monday, according to industry workers and a union leader close to the facilities.The most recent oil shipment for export, on the carrier Dragon chartered by Russia's Rosneft, left Jose, which is owned by state-run PDVSA, on March 24, according to Refinitiv Eikon vessel-tracking data and PDVSA's trade documents."There is no electricity, everything is paralyzed," oil workers' union leader Jose Bodas told Reuters on Tuesday.The blackout, Venezuela's second major power outage in a month…

The closing of a dock at Venezuela's main oil export port could delay as much as 5 million barrels in crude deliveries to Russian state-oil firm Rosneft, a source said on Wednesday and documents showed.A tanker collision at the weekend forced PDVSA to halt operations at Jose port's South dock, curtailing planned shipments mainly for Rosneft, and for U.S. firms Valero Energy and Chevron Corp until damages can be repaired.Reporting by Marianna Parraga

Port of Corpus Christi successfully priced and sold $216.2 million of Senior Lien Revenue Bonds. These bonds will be used for both the deepening and widening of the Corpus Christi Ship Channel as well as upcoming capital projects within the Port.Wells Fargo Securities acted as Lead Manager of a syndicate of underwriters including JP Morgan, Citigroup, and Frost Bank.“We are pleased with the level of interest the institutional investment community demonstrated for both series of our bonds.” said Sean Strawbridge, CEO of the Port of Corpus Christi. “This round of funding will help the Port of Corpus Christi further progress our ambitious…

Port officials on Tuesday are expected to consider $300 million in financing that would prepare the country's largest oil-export port - Corpus Christi, Texas - to handle a surge in U.S. shale production over the next five years.International buyers would like more U.S. crude but are unable to get it because of infrastructure constraints along the U.S. Gulf Coast. Terminals originally designed for imports only recently have revamped operations to handle exports including accepting…

An oil tanker has docked at Libya's port of Hariga for the first time since security guards ended a strike this week and a storm passed, a port official said on Thursday. Authorities managed earlier this week to persuade security guards to end a strike over delayed salary payments, keeping Libya's only functional onshore oil export port open. A storm then further delayed the terminal's reopening. Greek-registered Minerva Zoe, which had been waiting to dock for a week, would start loading 725,000 barrels of oil soon, the official said, asking not to be identified. The tanker was bound for Italy. Another tanker importing 25,000 tonnes to Libya had also arrived, he said.

Iranian President Hassan Rouhani vowed to collaborate more closely with India on the strategic Chabahar port development. Rouhani made the pledge when India's National Security Advisor Ajit Doval called on him in Tehran. The implementation of Chabahar-Zahedan Railway project and expanding Port of Jask to make it an important oil export port, President Rouhani said Iran is ready to cooperate more closely with the Indian private sector. The Port of Chabahar is a seaport in southeastern Iran. Its location lies in the Gulf of Oman. It is the only Iranian port with direct access to ocean. Doval said Chabahar can become the North-South Corridor in the region and India looks to it as a place for quick development of relations.

Libyan oil export port Hariga has reopened after guards ended a strike over salary payments, and the terminal will start loading tankers once better weather allows, a facility spokesman said on Tuesday. Libya shut most operations at the eastern port, located near the border with Egypt, on Saturday after security guards prevented a tanker from docking in protest over wages. "An oil tanker was supposed to dock at the port this morning but the weather was against this. We will wait until the weather allows us to go ahead," said spokesman Omran Al-Zwie. A closure at Hariga would have cut Libya's oil exports to 100,000 barrels per day or less, based on previous official data.

Libya's eastern oil export port Hariga shut down because of a strike over unpaid salaries of  security guards, closing the country's last functioning export port apart from two offshore fields. The closure will lower oil output to less than 300,000 barrels a day, a fraction of the 1.6 million Libya used to pump before the 2011 uprising toppling Muammar Gaddafi. The terminal near Tobruk, with a capacity of 120,000 b/d has by and large escaped disruption thanks to its easterly position. In particular it has been unaffected by the attempted seizure by Libya Dawn of the Sidra and Ras Lanuf oil terminals and facilities. However the port was closed on Saturday morning by striking security guards who complained they have not been paid.

Forces loyal to Libya's internationally recognised government on Saturday staged air strikes on the commercial port of Misrata, a western city allied to a group that holds the capital Tripoli, both sides said. Fighting was also reported near the country's biggest oil export port located in the east, part of a struggle between troops loyal to two competing governments and parliaments. The internationally recognised prime minister Abdullah al-Thinni has been forced to run a rump state in the east since a group known as Libya Dawn linked to Misrata took control of Tripoli last August and set up a rival government. Saqer al-Joroushi, commander of an air force unit loyal to Thinni, said war planes had hit Misrata port and an air force academy located in the western city.