| $46.60↓ | 8/17/2017 | 08/17/2016 | 08/17/2015 | 08/17/2014 | 08/17/2013 |
|---|---|---|---|---|---|
| Active Rigs | 54 | 32 | 74 | 194 | 183 |
RBN Energy: are the Capline Pipeline and LOOP about to enter a new era? A must-read.
The stars may finally be aligning for two related crude oil infrastructure projects that, if undertaken, would provide an important new pathway to overseas markets for Bakken, western Canadian and other North American crude. The first would involve reversing the Capline Pipeline, which was built to transport crude north from the U.S. Gulf Coast to Midwest refiners.
The second would make modest physical changes to the Louisiana Offshore Oil Port — better known as LOOP — to allow the crude import facility off the Bayou State coast to load crude onto ships, including Very Large Crude Carriers (VLCCs). Today we look at the new infrastructure and market forces that may finally spur Capline’s reversal and lead imports-focused LOOP to enable exports.
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