Shell Pipeline Co.'s Zydeco oil pipeline from Houston to Port Neches, Texas, is operating at reduced capacity due to project work at Port Neches and is expected to remain at reduced capacity until mid to late December, the company said on Nov. 17.
The Zydeco pipeline system alleviates transportation bottlenecks of crude arriving in Houston from the Eagle Ford, Permian and Bakken regions, according to Shell Midstream Partners' website. The system connects several crude oil pipelines in Houston and Port Neches and spans over 350 miles (563.27 km), with a mainline capacity of 375,000 bbl/d.
The capacity reduction of the line from Houston to Port Neches sent some U.S. physical crude oil grades surging, dealers said, with Light Louisiana Sweet crude this week firming to $6 a barrel above U.S. crude oil futures, its strongest in more than two years.
At a 50-cent differential, Mars Sour crude was at its strongest since April, Refinitiv Eikon data show.
2022-11-29 - Pilot project shows alternating produced gas with water/surfactant EOR mix boosts production and cuts costs in the Bakken shale.
2022-11-01 - Targeted to begin production in 2026, MODEC’s contract would be for the fifth FPSO to produce oil from Exxon Mobil’s operated deepwater Stabroek Block.
2022-11-28 - APA Corp. and TotalEnergies, joint venture partners offshore Suriname in Block 58, deemed the Awari exploration well non-commercial but are eager to start flow-test operations at the Sapakara South-2 (SPS-2) appraisal well, Houston-based APA reports.
2022-10-26 - Stabroek Block partners have recorded 30 major discoveries in the block, have two developments onstream and a third slated for startup in about a year.
2022-11-08 - Here’s a roundup of the latest E&P headlines including a commercial discovery offshore Israel and a five-year subsea frame agreement awarded by Petrobras from the past week in the upstream oil and gas industry.