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Stock Market & Financial Investment News

News Breaks
May 20, 2014
07:31 EDTEPDEnterprise Products begins exporting refined products from Beaumont terminal
Enterprise Products Partners L.P. has loaded the first cargo of refined products for export from its reactivated marine terminal in Beaumont, Texas. Located on the Neches River, the terminal can load at rates up to 15,000 barrels per hour. The facility includes a dock with a 40-foot draft that can accommodate Panamax size vessels that have a capacity of up to 400,000 barrels. The terminal has access to more than 12 million Bbls of refined products storage and receives products from eight refineries, representing approximately 3.3 million barrels per day of capacity, as well as the Colonial Pipeline. The improvements and modifications required to resume operations at the terminal, which included dredging, new pipeline construction, and the installation of new loading arms and vapor recovery systems, are supported by shipper commitments. Future plans for the Beaumont refined products terminal include the addition of a second dock and significant on-site storage for blending components.
News For EPD From The Last 14 Days
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December 15, 2014
12:36 EDTEPDEnterprise Products begins open season for expansion of Panola NGL pipeline
Enterprise Products announced the start of a binding open season to seek shipper support for a proposed expansion of the portion of its Panola Pipeline Company natural gas liquids system between Carthage, Texas and Mont Belvieu, Texas. The project is designed to support Haynesville and Cotton Valley oil and gas producers by providing enhanced access to the world’s largest NGL fractionation complex, located in Mont Belvieu. Originating near Carthage in Panola County, the NGL pipeline system extends 181 miles, serving multiple destination points at Mont Belvieu, including facilities owned and operated by Enterprise. Depending on shipper response to the open season, the Panola expansion project would be designed to accommodate approximately 50,000 barrels per day of incremental capacity. Achieving the additional capacity would involve installing additional pipe, pumps and related equipment. The additional capacity is expected to be available in the first quarter of 2016. The open commitment period begins today at noon CST and will close on Friday, January 16, 2015 at 5 p.m. CST.
December 12, 2014
15:02 EDTEPDEnterprise Products says will not develop proposed Bakken-to-Cushing pipeline
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