- The Houston Ship Channel has reopened to barge traffic only, three days after a barge collision dumped as many as 170K gallons of heavy oil into the water near Galveston; the barges are only able to move up and down the Channel, but not yet allowed to enter or leave.
- Most U.S. capacity to export natural gas liquids is on the Channel, energy consultant EnVantage says; two companies, Enterprise Products Partners (EPD +0.6%) and Targa Resources Partners (NGLS +0.5%), have channel operations that combine to represent 380K bbl/day of export capacity.
- The spill illustrates why the U.S. NGL industry needs to spread export capacity to other areas, says the general manager of midstream operations at Phillips 66 (PSX +1.5%), which is investing in an NGL export terminal in Freeport, ~30 miles from where the Channel opens to the Gulf of Mexico.
- It isn't the first spill for Kirby (KEX +0.1%), the tank barge operator involved in the collision, according to a report.
at Zacks.com (Nov 6, 2014)