Phillips 66 and Trafigura form joint venture to develop deepwater port

Mar 12 2020


Phillips 66 and Trafigura Group Pte. Ltd announce they have formed a 50/50 joint venture, Bluewater Texas Terminal LLC (“Bluewater Texas”), to develop an offshore deepwater port project located approximately 21 nautical miles east of the entrance to the Port of Corpus Christi.

The proposed project, to be constructed by Phillips 66, will consist of up to two single point mooring buoys capable of fully loading Very Large Crude Carriers (VLCCs) to export crude oil. The project is currently in the permitting stage. The joint venture owners expect to make a final investment decision later this year, pending permit approval and customer volume commitments that support the project meeting the owners’ economic return thresholds.

 

Trafigura has withdrawn its application to develop the Texas Gulf Terminals deepwater port facility that was submitted to the United States Maritime Administration (MARAD) in July 2018.

 

The Bluewater Texas joint venture combines the unique market position that Trafigura has built in the United States as a leading exporter and marketer of crude oil with Phillips 66’s commercial expertise, existing infrastructure network on the U.S. Gulf Coast, and proven operating experience, including the safe operation of a single port mooring buoy in the United Kingdom since 1971.

 

The Bluewater Texas joint venture is working with the Port of Corpus Christi Authority to provide a safe and environmentally sustainable infrastructure for the export of crude oil to global markets while benefitting the regional economy.

 



Previous: US Port Access, P&I Assistance and Crisis Communications webinar

Next: Andreas Ove Ugland


Related News

PETRONAS Marine and Titan LNG partner again for another successful STS

(Apr 14 2022)

World-leading independent alternative fuels supplier, Titan LNG has partnered with PETRONAS Marine – the marine solutions arm of energy multinational, PETRONAS, to deliver LNG under a Term Supply Agreement to VLCC Yuan Rui Yang, chartered by Koch Ind...



UN says agreement in principle on Yemen tanker oil transfer

(Feb 17 2022)

An agreement has been reached in principle on a U.N.-coordinated proposal that would transfer more than 1 million barrels of crude oil from a tanker that has been moored off the coast of war-torn Yemen since the 1980s to another ship.



SafeSTS & Gall Thomson launch active emergency release system for ‘Vision Zero’

(Sep 16 2021)

Unexpected mooring breakouts have always been recognized as the biggest risk during offshore STS operations. From developing new ways to mitigate the risks to crew at the mooring stations and the hose manifolds, as well as to the environment, from un...



SafeSTS pioneers step-change in ‘green’ technology for ship-to-ship transfers

(Aug 12 2021)

A revolutionary new ship-to-ship cargo transfer system has been developed and patented by SafeSTS for the Dynamic Positioning (DP) shuttle tankers sector.



Tanker stopped for attempting illegal ship-to-ship fuel transfer in Eastern Johor

(Aug 02 2021)

The Malaysian Maritime Enforcement Agency (MMEA) stopped a tanker for attempting an illegal ship-to-ship fuel transfer in the eastern Johor waters.



Apr-May 2025

SIRE 2.0 training - Dangote impacts - perspectives on emission reduction - AI to predict fuel consumption