Around half a dozen of midstream companies and joint ventures are clamoring to build deepwater loading terminals on the Gulf of Mexico.
Why Mexico?Mexico is preferred since it is a major pain to load Very Large Crude Carriers (VLCCs) any other way. The standard operating procedure for loading the vast majority of VLCCs along the Gulf Coast involves a complex, time-consuming and costly process of ship-to-ship transfers called reverse-lightering.
The smaller tankers ferry out and transfer crude to...
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