El Paso Energy Partners LP plans to build a U.S. $450 million, 380-mi pipeline to deliver crude oil from the Gulf of Mexico to refiners along the Texas Gulf Coast.
Plans call for the Cameron Highway Oil Pipeline System to deliver up to 500,000 b/d of gas from the southern Green Canyon and western Gulf of Mexico areas to Port Arthur, Texas, and Texas City, Texas.
Originating at El Paso's Ship Shoal 332 platform, the line extends with 30-in. pipe to an El Paso platform in the western Gulf of Mexico. From there, it will run to another facility in the High Island Addition area.
From High Island, the system will proceed with two 24-in. lines - one extending north to Port Arthur and another to Texas City. Construction is expected to begin this spring. A 2004 completion is planned.
Recommended Reading
US Leads Global Oil Production for Sixth Straight Year-EIA
2024-03-11 - The Energy Information Administration says it is unlikely that the record will be broken by another country in the near term.
What's Affecting Oil Prices This Week? (March 11, 2024)
2024-03-11 - Stratas Advisors expects oil prices to move higher in the middle of the year, but for the upcoming week, there is no impetus for prices to raise.
Oil Dips as Demand Outlook Remains Uncertain
2024-02-20 - Oil prices fell on Feb. 20 with an uncertain outlook for global demand knocking value off crude futures contracts.
Oil Rises After OPEC+ Extends Output Cuts
2024-03-04 - Rising geopolitical tensions due to the Israel-Hamas conflict and Houthi attacks on Red Sea shipping have supported oil prices in 2024, although concern about economic growth has weighed.
What's Affecting Oil Prices This Week? (March 25, 2024)
2024-03-25 - On average, Stratas Advisors are forecasting that oil supply will be at a deficit of 840,000 bbl/d in 2024.