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Port of Corpus reopens after pipeline fire: Update

  • : Condensate, Crude oil, LPG, Oil products, Petrochemicals
  • 20/08/24

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The Port of Corpus Christi in Texas has re-opened after a deadly explosion and fire from a ruptured propane pipeline near the port's refinery area last week.

The captain of the port has reopened the Corpus Christi ship channel with certain restrictions from the Chemical basin to the Viola basin, the port's chief executive Sean Strawbridge said.

Sections of the port had been shut since the 21 August incident when a dredging barge struck a submerged propane pipeline. The closures disrupted shipping traffic at the port which is a key outlet for exporting US crude and other commodities.

The Coast Guard on 22 August recovered the bodies of two crew members and two others were recovered today. Six other crew members were taken to area hospitals last week, according to the Corpus Christi fire department.

Coast Guard crews and partner agencies yesterday started recovery operations for the dredging vessel which sank after it broke apart following the fire. Crews located a piece of the vessel in the middle of the channel yesterday and were in the process of removing it.

Clean up operations also continued. About 38 bl of diesel have been removed from the water and about 16 bl of diesel fuel-water mix was skimmed overnight, the Coast Guard said late yesterday.

Enterprise Products Partners, who operates the propane line, said last week that it experienced a release of propane from a portion of its south Texas pipeline system at the Port of Corpus Christi resulting in a fire. "Enterprise immediately initiated its emergency response plan and has isolated the affected segment of the pipeline," the company said.

Enterprise said today that it has not determined a return to service date for the propane line.

By Eunice Bridges


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25/07/15

EU proposes support package for chemicals sector

EU proposes support package for chemicals sector

The measure aims to address high energy costs, global competition and weak demand, writes Dafydd ab Iago Brussels, 15 July (Argus) — The European Commission on 8 July proposed measures to support the EU chemicals sector, aiming to address high energy costs, global competition and weak demand. The plan includes extending emissions trading system (ETS) compensation to more producers and simplifying fertilizer registration rules. The commission says the simplification measures could save the sector €363mn/yr ($423mn/yr). The proposals are part of a broader plan to boost competitiveness and secure supply chains. A new Critical Chemicals Alliance will identify key production sites needing policy support, targeting trade issues such as supply chain dependencies and market distortions. The commission also pledged to apply trade defence measures more quickly and expand chemical import monitoring. Although the commission stopped short of proposing a Critical Chemicals Act — which would legally define specific chemicals for support — it named steam crackers, ammonia, chlorine and methanol as "essential" to the EU economy. The alliance will aim to align investment and co-ordinate support, including through the bloc's Important Projects of Common European Interest programme. The commission also defined low-carbon hydrogen and plans to allow more state aid for electricity-intensive chemical producers by year-end. It encouraged the use of carbon capture, biomass, waste and renewables. The plan uses "all levers" to put the sector back on a growth track, with measures to retain steam crackers and other key assets in Europe, EU industry commissioner Stephane Sejourne says. He also highlighted efforts to secure domestic demand for "clean and made-in-Europe chemicals". Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Alt-fuel ship orders fall in 1H25: DNV


25/07/15
25/07/15

Alt-fuel ship orders fall in 1H25: DNV

Sao Paulo, 15 July (Argus) — Ship orders for new alternative-fuelled vessels fell to 151 in the first half of 2025 compared with 179 a year earlier, according to Norway-based classification agency DNV. These orders represented 19.8mn gross tonnes, up by 78pc from the same period in 2024. LNG-fuelled vessels accounted for 87 of the new orders in the first half, followed by 40 methanol-fuelled ships, 17 LPG-powered vessels, and four hydrogen and three ammonia-fuelled ships. Orders stood at 19 in June, up from 16 in May, with two of these LPG-fuelled carriers. The total fleet of ships that could run on LPG stood at just over 150 in the final quarter of last year , with around 126 on order by 2028 following the latest additions, as orders lag other fuel types despite low prices because of safety issues and a lack of four-stroke engines. New orders, 1H 2025 Fuel Number of vessels LNG-fueled 87 Methanol-fueled 40 LPG-fueled 17 Hydrogen-fueled 4 Ammonia-fueled 3 DNV Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Opec+ 8 speed up output hike to 548,000 b/d for August


25/07/15
25/07/15

Opec+ 8 speed up output hike to 548,000 b/d for August

London, 15 July (Argus) — A group of eight Opec+ members have agreed to further speed up their plan to increase crude production, the Opec secretariat said on 5 July. Saudi Arabia, Iraq, Kuwait, Russia, the UAE, Algeria, Oman and Kazakhstan will raise their collective crude production target by 548,000 b/d in August, relative to July. This compares with previous month-on-month hikes of 411,000 b/d for May, June and July. This pace is also four times faster than the eight's original plan to unwind 2.2mn b/d of voluntary crude production cuts at a rate of 137,000 b/d each month between April 2025 and September 2026. The decision means they will have restored almost 80pc of a scheduled 2.46mn b/d increase — which includes a 300,000 b/d capacity-related adjustment for the UAE — in just five months. Should the eight opt for another 548,000 b/d increase for September, they will have fully unwound the cuts 12 months earlier than planned. That would shift focus to a second layer of voluntary cuts totalling 1.66mn b/d that is being implemented by the same eight producers plus Gabon, which are scheduled to remain in place until the end of 2026. The move comes against a backdrop of continued economic uncertainty, largely driven by US trade policy and a rise in geopolitical risk owing to the recent 12-day Israel-Iran war. Supply fears linked to the conflict helped push front-month Brent futures to above $81/bl on 23 June, although prices have since fallen back to around $68/bl — below where many producers prefer. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Trump threatens 35pc tariff on Canada by 1 August


25/07/15
25/07/15

Trump threatens 35pc tariff on Canada by 1 August

Houston, 15 July (Argus) — The US will impose a 35pc tariff on all imports from Canada effective on 1 August, President Donald Trump said in a 10 July letter to Canadian prime minister Mark Carney. The letter, which Trump posted on social media, noted that Canada previously planned retaliatory tariffs in response to the US' first tariff threats in the spring. He repeated his earliest justification for the tariffs — the illegal smuggling of fentanyl into the US from Canada — and said he would consider "an adjustment" to the tariffs if Canada worked with him to stop that flow. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU chemical plan neglects immediate pressures: Ineos


25/07/15
25/07/15

EU chemical plan neglects immediate pressures: Ineos

London, 15 July (Argus) — The EU's new chemical industry plan fails to respond to key immediate pressures on Europe's industry, UK-based Ineos had said. These pressures include the high cost of natural gas and the growing cost of carbon emissions, it said. The European Commission proposed its European Chemicals Industry Plan on 8 July to help the EU sector tackle high energy costs, global competition and weak demand. The commission said its plan could save the sector €363mn/yr. Without action, the competitiveness of European industry may erode, and investment may shift elsewhere, Ineos said. It said its integrated petrochemicals facility in Cologne, Germany, costs €240mn/yr ($280mn) more to operate than it would in the US because of the higher gas, electricity and carbon bills in Europe. More than 20 chemical plants have closed in Europe in the past two years, according to Ineos. "Immediate reduction of gas pricing and removal of carbon costs must be the next step if we are serious about maintaining a chemical industry in Europe." Ineos said. The European Chemical Industrial Council (Cefic) said the Chemical Industry Action Plan is an important step towards improving the competitiveness and resilience of the EU chemical industry. "Co-ordinated action by member states is now urgently needed to turn this signal into results," it said. "Each day of inaction further weakens European industry." By Tim van Gardingen Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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