Month to month, shipments of Eagle Ford Shale crude oil continue to increase. Commodities related to the South Texas shale play began making their way through your Port of the Lone Star State within the last couple of years. The trend for outbound shipments of the light, sweet, Eagle Ford crude continues upward. Along with this upward trend in shipments, revenue at South Texas' Port Corpus Christi continue on an upward surge. Port Corpus Christi is one of the top five busiest ports in the United States. Analysts predict Port Corpus Christi's nationwide rank will continue to improve.
The South Texas sea port, Port Corpus Christi, lies just miles from one of the worlds most prolific oil producing shale formations. Wells from the Eagle Ford continue producing at an astonishing rate. The crude oil flows straight to Port Corpus Christi where US flagged Jones Act tankers are on a constant cycle; filling, transporting, and returning to refill. A decades old law prohibits foreign flagged vessels from transporting crude oil. However, this law may be in the process of relaxing to a point where US product will be set for shipments across the world. Economists say this could expand Port Corpus Christi and the Corpus Christi region's proliferation as a global commodities leader.
Corpus Christi Caller Times: Audit: Crude fueling spike in port revenues
EagleFordTexas.com: Crude fueling spike in port revenues
Eagle Ford Shale crude oil is flowing freely towards the deep water port of South Texas, Port Corpus Christi. Outbound shipments of fully loaded crude oil tankers leave the Port of the Lone Star State on frequent calls to the far northeast corner of North America. After offload at Come by Chance, the now lighter vessel will sail swiftly back to Port Corpus Christi for a refill. The Come By Chance refinery on the Canadian island of Newfoundland has shifted from primarily refining Iraqi feedstock to sweet Eagle Ford Shale crude from South Texas. Thus rendering this cycle of sailings a commonplace necessity.
North American production increasingly sources Texas and other US feedstocks, replacing a traditionally higher flow from Iraq, Nigeria, and other nations.
Related news is available in a Reuters Exclusive: Canada's Far East Refinery Swaps Iraqi Crude for U.S. Shale
Image: Tankers ready for outbound shipments of crude from Corpus Christi.
Representatives from your Port of the Lone Star State will participate in a joint discussion with partners from San Antonio and Mexico as they meet in Corpus Christi this December.
Delegates will discuss regional initiatives for energy, technology, and growth that spans across borders.
Host city, Corpus Christi, will serve as an example offering first hand experience of tremendous energy related growth, and one of the United States' busiest sea ports, Port Corpus Christi.
The San Antonio Business journal has more, click here: San Antonio-Mexico delegation to explore binational economic opportunities
Now in the fourth year, “Explore Your Port, World, Future”, has proven a great success in generating excitement amongst area young people for the great career opportunities of our region. With incredible growth and an array of local industry, students are presented with possibilities for an exciting and successful career that is close to home. Just as in years past, attendees including students and teachers praised the efforts of Port Corpus Christi, and related industries in showing the effect our port plays in their future, and the future of our region. Nearly 1,000 area students visited the Congressman Solomon P. Ortiz International Center at Port Corpus Christi. The event is reminiscent of a trade show, and featured representatives from Port Corpus Christi, and the business and industry of South Texas.
More news featured in the following links:
Nueces County Record Star - Explore Your Future
KRIS TV - Explore Your Port Fair - video
Port Corpus Christi Authority, the Cities of Corpus Christi, Portland and Gregory and Counties of Nueces and San Patricio signed a Memorandum of Understanding (MOU) with the Tianjin Commission of Commerce, People’s Republic of China in a formal ceremony, Thursday, October 23, 2014 at 1:30 PM at the Solomon P. Ortiz International Center
Esteemed delegates from Tianjin, China and the Coastal Bend region joined together in the signing of the MOU. The purpose of the MOU is to promote friendly contact, culture exchange, and cooperation to benefit the future of the regions surrounding Corpus Christi, Texas and Tianjin, China. Additionally, both regions will work together to facilitate investment in each other’s region, promote cooperation, exchange of technology for the benefit of key industries, and create a friendly commercial environment.
Port Corpus Christi Executive Director, John LaRue, and Li Shengli, Vice Director of the Tianjin Commission of Commerce
Vessels moving across the Corpus Christi Ship Channel provide a dramatic backdrop for lunch with delegates.
In a previous visit to Tianjin; Corpus Christi Mayor, Nelda Martinez, received this stamp set as a gift. Ms. Martinez utilized the stamp as she signed the MOU in Corpus Christi.
Affirming friendship and looking towards a productive future, the MOU is signed.
Further news regarding this momentous occasion is available in the following links.
Nueces County Record Star: Corpus Christi Port Memorandum
Corpus Christi Caller Times: 'Friendships' key to latest TPCO pact