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July 26, 2017

LOOP LLC Seeks Interest for Its Proposed Crude Oil Vessel Loading Services

By Public Information Officer

LOOP LLC, operator of the nation’s largest privately owned crude oil storage and transportation logistics facility, is seeking commercial interest from prospective shippers to utilize its existing facilities for crude oil vessel loading services onto Very Large Crude Carriers (VLCCs).

 

The new service would provide connecting logistics from LOOP’s Clovelly Hub in Galliano, La., to its deepwater port, 17 miles offshore of Port Fourchon, La. The proposal utilizes the existing configuration of the port with minor modifications to operate bi-directionally.   Currently, LOOP’s deepwater port has the capacity and capability of offloading these same vessels and moving crude oil from the port to the Hub.

 

“Since 1981, LOOP has safely offloaded more than 10 billion barrels of crude oil,” said LOOP President Tom Shaw. The facilities as originally built include the fundamental capability to both offload and load marine vessels.  “Today, customers are seeking the optionality to safely and efficiently load or offload, which is a natural request for a port. This service offers our customers the scalability to fully load a VLCC.

 

“We have consistently improved our processes and performance over the decades since our founding, and we are eager to expand our offerings to meet our customers’ needs as the U.S. energy market evolves.”  The proposed marine vessel loading services could be available by early 2018.

 

 

 

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About LOOP LLC

 

LOOP LLC provides crude oil offloading, transportation, terminalling and storage services. It owns and operates three single-point mooring (SPM) buoys in the U.S. Gulf of Mexico, approximately 17 miles offshore of Louisiana. The SPMs can accommodate very large crude carriers, ultra-large crude carriers, medium-range Jones Act compliant tankers and floating production, storage and offloading deepwater facility shuttle tankers. LOOP also provides logistics services to pipelines that connect to regional and national pipeline networks and refining facilities. LOOP has more than 72 million barrels of crude oil storage capacity at its Clovelly Hub in Galliano, La.

 

Website:  www.loopllc.com

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July 03, 2017

LOOP Sour Quality Message

By Stephanie Dufrene

July 3, 2017
 
For the month of June 2017 LOOP has delivered over 825,000 barrels of LOOP Sour Crude Oil from LOOP Sour Storage. The chart below shows the quality characteristics of LOOP Sour Crude Oil deliveries to connecting carrier pipelines for the month of June 2017.  The utilization rate of the CACs for the month of June was 93.5%
 

  API Gravity Sulfur (%)
Max 30.6 3.0
Volumetric Avg. 30.37 2.87
Min 30.1 2.4
 
LOOP will be issuing similar reports on a monthly basis. Please check loopllc.com for updates.
 

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July 01, 2017

Clovelly Hub 6 Month Capacity Outlook

By Royce Goodwin

July 1, 2017

LOOP tracks the amount of capacity in service at the Clovelly Hub monthly.  A six month capacity forecast follows in the table below.
 
LOOP performs rigorous maintenance, inspection and testing of its facilities, including its above ground tankage and underground caverns.  At specified intervals, these activities require LOOP to remove assets from active service, thus reducing capacity. Those maintenance and construction activities are just a fraction of the work performed, within the LOOP Safety Management System framework, to continually improve the operation.          
 

LOOP Clovelly Hub 6 Month Capacity Outlook
2017 Total Above Ground Capacity Underground Capacity
July 99% 95% 100%
August 99% 95% 100%
September 88% 95% 87%
October 88% 95% 87%
November 88% 95% 87%
December 88% 95% 87%
  

 

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Over 12 Billion

Barrels of crude oil received