In The Oil Patch Radio Show is proud to bring you today’s Energy News on Chevron, produced by shalemag.com:
Enterprise Products announced that it has entered into two contracts with Chevron that enables it to make a final investment decision on its proposed offshore crude oil export terminal. Under the first deal, Chevron agreed to use Enterprise’s pipeline network to move crude oil from the Permian Basin of West Texas to Enterprise’s ECHO Terminal in southeast Houston.
In the second deal, Chevron signed a long-term agreement to support the development of Enterprise’s Sea Port Oil Terminal in the Gulf of Mexico.
Oil prices rose again on Wednesday after the EIA announced a large drawdown in crude inventories for the second straight week. WTI closed the day at over $58 per barrel.
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