• 2 hours Oil Nears $52 With Record OPEC Deal Compliance
  • 5 hours Saudi Aramco CEO Affirms IPO On Track For H2 2018
  • 7 hours Canadia Ltd. Returns To Sudan For First Time Since Oil Price Crash
  • 8 hours Syrian Rebel Group Takes Over Oil Field From IS
  • 3 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 3 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 3 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 3 days Schlumberger Warns Of Moderating Investment In North America
  • 3 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 3 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 3 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 3 days New Video Game Targets Oil Infrastructure
  • 3 days Shell Restarts Bonny Light Exports
  • 3 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 4 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 4 days British Utility Companies Brace For Major Reforms
  • 4 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 4 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 4 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 4 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 4 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 4 days Rosneft Signs $400M Deal With Kurdistan
  • 4 days Kinder Morgan Warns About Trans Mountain Delays
  • 5 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 5 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 5 days Russia, Saudis Team Up To Boost Fracking Tech
  • 5 days Conflicting News Spurs Doubt On Aramco IPO
  • 5 days Exxon Starts Production At New Refinery In Texas
  • 5 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 6 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 6 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 6 days China To Take 5% Of Rosneft’s Output In New Deal
  • 6 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 6 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 6 days VW Fails To Secure Critical Commodity For EVs
  • 6 days Enbridge Pipeline Expansion Finally Approved
  • 6 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 6 days OPEC Oil Deal Compliance Falls To 86%
  • 7 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 7 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
Trump’s Iran Decision Haunts Big Oil

Trump’s Iran Decision Haunts Big Oil

Donald Trump’s Iran decision has…

Houston Shipping Channels Shuttered for 3rd Day After Oil Spill

Houston Shipping Channels Shuttered for 3rd Day After Oil Spill

A late-night collision on March 22 between an oil barge and a cargo ship spilled 168,000 gallons of oil into the Galveston Bay in Houston Texas. The spill resulted in the closure of the Houston Ship Channel, which is responsible for servicing one-tenth of the nation’s refining capacity. As of Monday morning, the waterways remained closed as authorities tried to contain the spill.

The oil barge was carrying residual fuel oil, a heavier, more viscous, and dirtier form of oil. When the two ships collided, one of the barge’s tanks was ruptured, and began to leak. The other five tanks on board the ship did not leak and the oil was transferred to another ship.

Related Article: Claimants Win Legal Battle with BP over Oil Spill

The closure of the bay has trapped 43 ships in the Port of Houston, with another 38 waiting to come in. Houston is a major exit point for much of the oil and gas extracted in Texas, including fossil fuels from the booming shale regions in the Eagle Ford and Permian basins. ExxonMobil’s huge Baytown, TX refinery, the nation’s second largest, has thus far not had its operations affected. It has a refining capacity of 560,500 barrels per day. Marathon Petroleum Corp. also has an enormous refinery nearby on Galveston Bay, with a capacity of 451,000 bpd, along with a smaller 80,000 bpd refinery in Texas City. Marathon declined to comment on how the spill is affecting its operations.

The local economy is already taking a hit in terms of lost tourism and fishing activity. The oil poses a grave risk to local marine life and migratory birds. The cleanup comes on the 25th anniversary of the infamous Exxon Valdez oil spill in Alaska, which prompted new legislation from Congress to deal with oil spill liability.

By James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News