Valero Refinery Expansions Pushed Forward by Eagle Ford Production Growth – $730 Million

Valero Will Spend $730 Million on Two Expansions Along the Gulf Coast
Valero Refinery Map

Valero Refinery Map – Partial | Click to Enlarge

Valero plans to build crude topping units at its Corpus Christi, TX refinery and its refinery in Houston.

The two expansions come with a price tag of $730 million, but will likely be needed if the growth of light-sweet crude oil from areas like the Bakken, Eagle Ford, and Permian Basin continue.

Read more: Valero Houston Refinery Expanding for Eagle Ford Crude [Read more…]

Corpus Christi LNG Plant One Step Closer To Being Built – Cheniere

Sale & Purchase Agreement Signed for 5% of the Plant's Proposed Export Capacity
Cheniere's Corpus Christi Liquefaction Project

Cheniere’s Corpus Christi Liquefaction Project | Click to Enlarge

A proposed Corpus Christi Liquefaction Plant (LNG Export) is one step closer to becoming a reality.

Cheniere signed a 20-year LNG sale and purchase agreement (SPA) with Pertamina for 0.8 mtpa (90 mmcfd). The deal accounts for just 5% of the plant’s proposed capacity, so more contracts are needed before the $12 billion project will be financed.

[Read more…]

Cheniere Energy’s Port of Corpus Christi LNG Plant Will Cost $12 Billion

A Final Investment Decision Is Expected By the End of 2014
Cheniere's Corpus Christi Liquefaction Project

Cheniere’s Corpus Christi Liquefaction Project | Click to Enlarge

Cheniere Energy is closer to making a decision on final investment in its Corpus Christi Liquefaction project.

Cheniere received a turnkey construction commitment priced at $800/tonne of liquefaction. The engineering and construction company Bechtel submitted the contract in September.

Cheniere has plans for up to six trains with 4.5 mtpa capacity each in Corpus Christi, but initial plans call for three trains with capacity of 13.5 mtpa (~1.8 Bcf/d). [Read more…]

Energy Transfer Will Convert an Eagle Ford Gas Pipeline to Liquids to Supply Trafigura Terminal in Corpus Christi

Pipeline Will Have Capacity to Move 100,000 b/d of Crude Oil & Condensate
Trafigura Terminals Eagle Ford Port in Corpus Christi

Trafigura Terminals’ Eagle Ford Port in Corpus Christi | Click to Enlarge

Energy Transfer has reached an agreement with Trafigura for liquids capacity that supports the development of a pipeline supplying the Port of Corpus Christi.

Energy Transfer will utilize existing infrastructure to construct an 82-mile, 100,000 b/d pipeline system from McMullen County to the Port of Corpus Christi. [Read more…]

Eagle Ford Consortium Fall Conference Kicks Off in Corpus Christi – Video

Local Leaders Addressing the Challenges and Benefits of Oil & Gas Development

The Eagle Ford Consortium’s fall conference kicked off yesterday with a tour of the Port of Corpus Christi and continues through Wednesday.

The consortium brings businesses and local communities together to ensure both are prepared for future growth.

Conference speakers will address various issues including CNG, education, foreign investment, health care, and current industry developments. [Read more…]

NuStar Fills Expansion Phase 1, Still Receiving Commitments on Phase 2

Phase 1 Includes Adding 35,000 b/d of Capacity to Corpus Christi
NuStar Energy Eagle Ford System Map

NuStar Energy Eagle Ford System Map | Click to Enlarge

NuStar Energy has received binding commitments filling its first phase of the company’s planned Eagle Ford expansion. [Read more…]

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