rss icon Subscribe
desktop mobile

LOOP Tests Crude Exports with VLCC

The Louisiana Offshore Oil Port (LOOP), the largest privately owned crude terminal in the United States, said on Tuesday it had moored a supertanker and initiated a detailed test procedure, bringing it closer to being able to export crude oil.
LOOP said last year its U.S. Gulf Coast facility would have the capacity to load Very Large Crude Carriers (VLCCs), the largest oil tankers, which can ship some 2 million barrels of oil by early 2018.
Washington lifted a 40-year ban on oil exports two years ago, and since then tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo.
Gulf Coast terminals handle three-quarters of U.S. crude exports, but only LOOP can handle supertankers. Most shipping channels are too shallow.
The company made only minor modifications to its existing facilities to operate the port complex for both imports and exports, it said in a statement on its website.

"The configuration safely enables both loading and offloading of Very Large Crude Carriers (VLCCs) without multiple shuttle tanker movements," the company said.

Reporting by Devika Krishna Kumar

Feb 13, 2018

 

Contracts

Port Spat Delays Russian Black Sea Product Exports

Shipments of oil products from a Russian Black Sea outlet have been disrupted since early February due to a row over the port's control, four industry sources told Reuters on

Global Ship Lease Extends Charter with OOCL

OOCL Qingdao. Photo: OOCL

Global Ship Lease, a containership charter owner, today announced that it has agreed to an

Wärtsilä Inks 25 Maintenance Deal with Maersk Drilling

(Photo: Wärtsilä)

Wärtsilä said it has entered a cooperation with drilling contractor Maersk Drilling to create a

Energy

Port Spat Delays Russian Black Sea Product Exports

Shipments of oil products from a Russian Black Sea outlet have been disrupted since early February due to a row over the port's control, four industry sources told Reuters on

ACP, Cheniere Focus on LNG's Potential

A boxship transits thePanama Canal (CREDIT CH2M)

Representatives from the Panama Canal, led by Administrator Jorge L. Quijano, hosted executives

Live Oil Discovered Onshore Jamaica

(Photo: David Gold / CGG)

CGG GeoConsulting and Petroleum Corporation of Jamaica Announce First Reported Discovery of Live

Maritime Apps