NEW YORK (Reuters) - Plains All American Pipeline LP's PAA.N 670,000 barrel-per-day (bpd) Cactus II oil pipeline system from the Permian basin to the Corpus Christi, Texas area will commence line fill within a week, a source with direct knowledge of the matter said on Thursday.
Trafigura signed a long-term agreement with Plains last year to transport a total of 300,000 bpd of crude and condensate on the Cactus II pipeline from the Permian basin, the biggest oilfield in the U.S., to the port of Corpus Christi. It brings a set of great new features like asset fingerprinting, an asset pipeline, pretty urls, native Mac filesystem events, automatic nameserver configuration, support for multiple deployment backends (Google Sites) and more. HOUSTON (Reuters) - EPIC Midstream Holdings Inc on Thursday began shipping crude oil on its 400,000 barrel per day (bpd) pipeline from the Permian Basin to the U.S. Gulf Coast, pushing Midland crude prices higher, traders said.
However, with the start-up of its Cactus II pipeline, that discount has narrowed significantly, which means it will make less money on those activities. The trading house is one of the biggest exporters of U.S. crude and the deal with Plains will allow it deliver crude to U.S. Gulf Coast refiners, ship the oil to its condensate splitters and export terminal in Corpus Christi, which it co-owns with Buckeye Partners L.P, Other shippers on the Cactus II line include Concho Resources Inc. Without the order, the terms could be challenged as unfair by future shippers on the line and spark a long and expensive tariff fight. Our Standards: The Thomson Reuters Trust Principles. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Andy Black, president of the Association of Oil Pipe Lines, said the Washington trade group has noticed the delays and hopes FERC is able to return to more timely action. "FERC's policies have contributed to the expansion of liquid pipelines for a long time," he said, adding that previously timely actions on petitions for declaratory orders "have helped give pipeline operators and shippers certainty as they form agreements to expand pipeline capacity. "If FERC gets to them by summer, then there would be no worries.". An email confirming your password has been sent. If you have any questions or concerns please contact email@example.com or click here, Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center. Enter your Email ID below and we will send you a link to reset your password. EPIC, which did not immediately respond to requests for comment, had said it expected to begin operations in the third quarter. Access latest coal news and analysis, conferences and events. ... Cactus Oil Pipeline To Begin Partial Operation Next Week By Irina Slav - Aug 07, 2019, 9:30 AM CDT. if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. NEW YORK (Reuters) - Plains All American Pipeline LP's. To continue reading you must login or register with us. A year ago, it had traded around an $18.25 per barrel discount. "This is placing our project time line in some jeopardy, and causing concern to our shippers," EPIC CEO Phil Mezey said in a letter to FERC in early January. The trading house is one of the biggest exporters of U.S. crude and the deal with Plains will allow it deliver crude to U.S. Gulf Coast refiners, ship the oil to its condensate splitters and export terminal in Corpus Christi, which it co-owns with Buckeye Partners L.P BPL.N. Permian oil pipelines EPIC, Cactus II caught in FERC backlog, Market Movers Americas, Oct 19-23: US midstream watching election runup, COVID resurgence threatens gasoline demand, Total plans to maintain, not shrink, future oil output despite tougher outlook: CEO, Pending petitions would add 2.4 million b/d in capacity, Industry asks if FERC has imposed informal moratorium, Last approval went to Sunrise pipeline in October. But knowing FERC's view on their rates in advance helps projects make long-term commitments. Your registration is complete and your account is active. By submitting this form you acknowledge that you have read and you agree to our, You must select at least one interest to continue,
The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday approved Kinder Morgan Inc’s Dec. 13 request to start construction of its proposed Lockridge natural gas pipeline in the Permian basin in West Texas. The average wait grew to 90 days for approved applications filed in 2018. But unlike the other uncontested cases, it drew opposition from the Pennsylvania Public Utility Commission.
The initial capacity of the Cactus pipeline was 200,000bpd, which … Access latest oil news and analysis, conferences and events. Receive daily email alerts, subscriber notes & personalize your experience. "Since they aren't contested, there won't be any need to have any proceedings or approve them subject to a refund," Tezak said. Buckeye's petition to reverse its Laurel refined products pipeline has waited even longer, since April 30. All quotes delayed a minimum of 15 minutes. Cactus pipeline details. Exports of U.S. crude have surged to a record at nearly 4 million bpd after Washington lifted a ban in late 2015. Enterprise filed the petition June 27 and had asked FERC to act by October 1. Pipeline takeaway constraints had slowed production growth and weighed on oil prices in the Permian basin but midstream companies have announced several new projects, such as Cactus II, to help clear the transportation bottleneck. It followed the start of initial operations on Plains All American Pipeline LP's PAA.N 670,000 bpd Cactus II this week. Terminal operator Moda Midstream LLC confirmed it would be accepting the Permian crude from the EPIC line at its facility in Ingleside, Texas, by Friday. A FERC approval confirms any benefits given to anchor shippers are appropriate under the Interstate Commerce Act. The pipeline operator said this month the Cactus II project is progressing on schedule for initial service by the end of the third quarter of 2019. It followed the start of initial operations on Plains All American Pipeline LP's PAA.N 670,000 bpd Cactus II this week. A shale boom has helped propel the United States to the position of the biggest oil producer in the world and the Permian basin has accounted for a large part of output growth in recent years. See here for a complete list of exchanges and delays. Midland crude prices firmed this week to as much as 50 cents per barrel above U.S. crude on Thursday, as shippers bid up barrels to fill the new pipelines. News-----### Cactus 3 is out! Access latest shipping news and analysis, conferences and events. Line fill refers to the process of filling oil in a new pipeline before commercial deliveries can begin. All quotes delayed a minimum of 15 minutes. 2.0 Targa NGL Pipeline Company LLC 1.1 10.1 11.2 12.0 TE Products Pipeline Company, LLC Supplement 1 to 62 87.
Lucas Belon, Bounce New Movie, Ravens Week 6 2019, Patron Saint Of Artistsred Dress - Roblox Id, Earned It Weekend Lyrics, Ngl Football Jobs, Sampanaw Meaning, Teamwork Meme, Fast Runner Athlete, Dr Dre 2020, Cleveland Zoo Flooded 2020, Everytime I Look At You Lyrics Hall And Oates, Lahore To Sialkot Distance, St Mirren Wiki, Nba And China Relationship, Tuamotu Archipelago Map, I Knew You Were Trouble Acapella, Hearts Irish Players, Houston Mavericks Roster, Sophie Schmidt Rest Of World, How Many Female Saints Are There, Vernor Vinge, Rams Vs 49ers Rivalry, Marvin Barnes Death, Wasp Sting Muscle Pain, Nancy Kacungira Instagram, Tmx Group Stock, Lego Arctic Batman Instructions, Career Path Development, Vikings Vs Packers All-time Record, Barry Round, When Is The Next Cold Front, Packers Vs Vikings 2019 Full Game, Where Can I Buy Dried Pampas Grass Near Me, Hong Kong 97 Unblocked, Jersey Girl (1992 Cast), Peter Stefanovic Sky News, Jamal Lewis Norwich, Sparkle Documentation, All Saints Pictures, Edisto Island Real Estate, Schumacher Net Worth, Marcus Bontempelli 2020, Up To Or Up For The Challenge, Panhandle Eastern Pipeline Stock, Apidae Species, Exited Meaning In Bengali, Fiona Shaw Novelist, San Francisco Shock Roster 2018, The Emperor Of Ice-cream Plot, Bob Fosse Dancing, Designated Hitter Pros And Cons, Best Five-eighth Rugby League, Ktvx News Director, Danielle Steel Children, Rugby 7s Kick Off Positions, Packers Chiefs 2011, Xfl Ticket Code, Where Can I Find Gwf Reference Number, Iid El Centro, A World Of Chaos Powfu Lyrics, Raiders 2019 Grand Final Team, Custom Nba Hats, Textile Design Apprenticeships, Charlotte Jones Anderson Husband, Joe Carnahan Instagram, Lahore To Sheikhupura Via Gt Road, Ravens Week 3, Whdh Roku, Lynnhaven House, Qpr U18 Squad, St Michael's College, Pine Tree Species, Thomas Aquinas 5 Proofs, Shadowlands Raid Buffs, Caked Up Songs, Tanaaz Irani Child, Fantasy Football Defense Rankings 2020, Benjamin Yuen Jennifer Shum, Restaurants In Elkins, Wv,