Texas Lawmakers Look To Tighten Rules For Storage Tanks In Flood-Prone Areas To Prevent Chemical Spills, Fires
Storage tanks have been the source of several chemical disasters, including the fire at ITC Deer Park and a major gasoline spill during Hurricane Harvey. Now, they’re the focus of two bills this Texas legislative session.
February 2, 2021, 6:00 AM
Thousands of storage tanks dot the Houston Ship Channel. A new bill introduced this state legislative session would create tougher rules for tanks in flood-prone areas.
Click here to subscribe to Fire Triangle, a new podcast produced by Texas Public Radio in collaboration with Houston Public Media looking at chemical disasters in the state.
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Pipeline Giants’ Houston Oil Futures Seen Launching in Months
Bloomberg 1/23/2021 Sheela Tobben
(Bloomberg) A new futures contract for the physical delivery of crude in the Houston area may only be a few months away from launching.
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Enterprise Products Partners LP and Magellan Midstream Partners, the pipeline companies responsible for delivery of Houston’s two active futures contracts, said Thursday they are joining forces to create a broader benchmark. That may happen in a few months, said Bruce Heine, a Magellan spokesman.
The Houston contracts reflect a shift in the oil industry’s focus from the storage hub in Cushing, Oklahoma, the delivery point for New York-traded futures, to the Gulf Coast. A global appetite for U.S. crudes resulted in a new web of pipelines and terminals to connect the Permian Basin of West Texas and New Mexico to the world.
Oil & Gas Storage Market Revenue Growth, Valuable Shares, Size, SWOT Analysis And Research Methodology by Forecast to 2026
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