LogIn LogOut

U.S. Refiner Phillips 66 Enters Offshore Oil Export Race

June 19, 2019

 © Lukasz Z/ Adobe Stock
© Lukasz Z/ Adobe Stock

U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least eight other projects aiming to send U.S. shale oil to world markets, according to a memo and a source who asked not to be named.

The project, called Bluewater Texas Terminal LLC, signals another major expansion of its logistics operations. The fourth largest U.S. refiner last week formed joint ventures to build pipelines linking shale fields in West Texas and North Dakota to the Cushing, Oklahoma, oil hub and the U.S. Gulf Coast.

(Reuters, Reporting by Collin Eaton in Houston Editing by Phil Berlowitz)



Current News

Germany's RWE Widens Global Search for LNG Supplies

Germany's RWE Widens Global Search for LNG Supplies

INPEX Files $970M Claim Against DSME for Ichthys Venturer FPSO Work

INPEX Files $970M Claim Against DSME for Ichthys Venturer FPSO Work

Velesto Upgrades Two Jack-Up Rigs

Velesto Upgrades Two Jack-Up Rigs

Petrobras Awards $130M Charter Extension for Sapura Esmeralda PLSV

Petrobras Awards $130M Charter Extension for Sapura Esmeralda PLSV

Vietnam Needs $8B -$14B Power Investment a Year Through 2030 - minister

Vietnam Needs $8B -$14B Power Investment a Year Through 2030 - minister

Emergency Response Plans: Strohm's TCP Flowlines for Woodside's Scarborough Offshore Gas Field

Emergency Response Plans: Strohm's TCP Flowlines for Woodside's Scarborough Offshore Gas Field

MODEC, Toyo to Form Engineering JV for Large-Scale FPSOs

MODEC, Toyo to Form Engineering JV for Large-Scale FPSOs
photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com