Welcome to the Booming Texas Port at Heart of U.S. Oil Sales

27 Jun 2017   exports

Dredging to boost export capacity to 3 million barrels a day New pipelines set to increase supply moving out of South Texas Late last month, an oil tanker that measures three football fields long and six stories high moved slowly through the port of Corpus Christi, Texas, to test the waters of America’s booming crude-export industry. After navigating the Aransas pass around 7 a.m. on May 26, the vessel, Euronav NV ’s Anne, didn’t pick up any oil. But its arrival in the humid air of South Texas marked the first time ever a tanker of that size had called on a U.S. terminal in the Gulf of Mexico. The Anne docked at Occidental Petroleum Corp. ’s terminal to determine if some of the world’s biggest carriers could start ferrying oil from Texas to foreign buyers. The shipping upgrade is necessary after a surge in production from U.S. shale […]

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