Seaway crude oil pipeline loop completed, doubling system capacity


Enterprise Products Partners (EPD -0.7%) and Enbridge (ENB -0.1%) say they have completed the 512-mile expansion of its Seaway oil pipeline, more than doubling the system’s capacity to 850K bbl/day to move oil south from the delivery point for West Texas futures in Cushing, Okla.

The new Seaway Loop Pipeline connects to the Jones Creek storage terminal near Freeport, Tex., which is connected to EPD’s ECHO crude storage facility in Houston; construction of a 100-mile pipeline from ECHO to Beaumont and Port Arthur is expected to be completed this month.

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Comments (9)
  • Billbo99
    , contributor
    Comments (16) | Send Message
     
    You see Mr. Obama, we can get things done even with your objections. Now be a good lad and get out of the way of the Keystone pipeline. You and your EPA are a hindrance to making the US energy independent. Work with us not against us.
    3 Jul 2014, 12:37 PM Reply Like
  • Bobstert
    , contributor
    Comments (71) | Send Message
     
    God knows we need the Keystone pipeline so that oil prices can go up further and make more money for the investors in the affected companies.

     

    Yes, the pipeline's effect will lead to an increase in prices. At least if you believe the Canadian government and Canadian oil industry's study of Keystone. (You can google find it easily enough.)

     

    Full disclosure, I am Canadian and I am invested in ENB and TRP and others like that. I want the pipeline. I'm just sort of amused so many Americans do, though.
    3 Jul 2014, 02:09 PM Reply Like
  • Pablomike
    , contributor
    Comments (4472) | Send Message
     
    We just don't want you sending that oil west to China or Japan.
    3 Jul 2014, 05:26 PM Reply Like
  • bernief7744
    , contributor
    Comments (62) | Send Message
     
    no,he's amazed at our stupidity for wanting the pipeline
    3 Jul 2014, 06:22 PM Reply Like
  • Cincinnatus
    , contributor
    Comments (6187) | Send Message
     
    bobster, why would you doubt that it will lead to an increase in revenues for Canada's oil producers? Obviously the oil is trapped/restricted now and thus the price the Canadian producers receive must reflect transport costs as well as overall revenues impacted by the bottleneck.
    7 Jul 2014, 12:15 PM Reply Like
  • Bobstert
    , contributor
    Comments (71) | Send Message
     
    Why would you think I do? I never said it would not lead to in increase in revenues for Canadian oil producers.
    8 Jul 2014, 08:29 AM Reply Like
  • Cincinnatus
    , contributor
    Comments (6187) | Send Message
     
    Your comment sounded cynical, as if you didn't believe the Canadian Gov and oil industry that it would increase their net realized price. Obviously they weren't talking about Brent or WTI price.
    8 Jul 2014, 11:33 AM Reply Like
  • tgar13
    , contributor
    Comments (220) | Send Message
     
    Here's one blog link that has collected
    Multiple opinions on why Keystone will raise
    Prices

     

    http://bit.ly/1ohqBmz
    4 Jul 2014, 09:20 AM Reply Like
  • tgar13
    , contributor
    Comments (220) | Send Message
     
    One more in Forbes

     

    http://onforb.es/1ohudF2
    4 Jul 2014, 09:37 AM Reply Like
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