Monday, April 10, 2017

Texas City, TX -- Update -- RBN Energy -- April 10, 2017

Active rigs:

Active Rigs493193190190

RBN Energy: crude storage and docks near, but not in, the Houston Ship Channel.
The build-out of Houston-area crude oil storage and marine terminal capacity continues, and as it does, ship congestion in the Houston Ship Channel worsens. Which raises the question, why not develop more crude storage and marine docks outside the Ship Channel that still offers strong pipeline connectivity to crude production areas, the Cushing hub and Houston-area refineries—plus easier access to the open waters of the Gulf of Mexico? That’s a key premise behind Oiltanking’s first major Gulf Coast expansion since the February 2015 sale of most of Oiltanking’s assets in the region to Enterprise Products Partners. Today we discuss Oiltanking’s plan to add crude storage and a marine terminal in Texas City, TX.
Texas City is no crude-oil backwater. Texas City is home to three refineries with a combined capacity of more than 750 Mb/d—Marathon Petroleum’s Galveston Bay and Texas City refineries and a nearby refinery owned by Valero —as well as several petrochemical plants. (Graphic at the link.)
Scott Adams: the Syrian air base attack.

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