NEW YORK—Colonial Pipeline and Enterprise Products Partners said on Oct. 10 they have partnered to boost exports from the Beaumont refined oil products terminal in Texas to rival the Houston Ship Channel.
Colonial Terminal Logistics, a unit of Colonial Pipeline, is offering marine logistic services that include blending, dock usage and access to as much as 2 million barrels of new storage at Enterprise’s Beaumont, Texas, facility.
Colonial’s shippers will be able to move fuel from 13 Gulf Coast refineries to the Beaumont terminal for vessel loading.
The Colonial Pipeline is the biggest refined products system in the U.S. and hauls more than 3 million barrels of gasoline, diesel and other fuel from the Gulf Coast to the populous northeast every day.
U.S. refined product exports have surged over the past year as demand from Latin America and Europe jumped. Exports of petroleum products topped 5 million barrels per day in the week to Sept. 29, the highest in more than three months, according to U.S. government data.
Recommended Reading
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Sangomar FPSO Arrives Offshore Senegal
2024-02-13 - Woodside’s Sangomar Field on track to start production in mid-2024.
Orange Basin Serves Up More Light Oil
2024-03-15 - Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.
E&P Highlights: April 15, 2024
2024-04-15 - Here’s a roundup of the latest E&P headlines, including an ultra-deepwater discovery and new contract awards.
E&P Highlights: March 11, 2024
2024-03-11 - Here’s a roundup of the latest E&P headlines, including a new bid round offshore Bangladesh and new contract awards.