The Vitol Group, one of the world’s largest independent energy traders, and its subsidiary Coastal Caverns, Inc. (CCI) unveiled plans to build a new propane export facility in Beaumont, Texas, where the company is already developing a large LPG storage plant. Based out of Rotterdam, the Netherlands, Vitol trades more than 5.5 barrels of crude […]

Enterprise Products Partners L.P. announced its plan to expand its operation in propane’s powerhouse town Mont Belvieu, Texas, with a new fractionation facility. Slated to be ready for operation in 2013, administrators expect the new facility will enable Enterprise to fractionate over 450,000 barrels per day at its Mont Belvieu complex alone. “The additional capacity […]

The Eagle Ford shale formation is a large, subterranean vein of rock that runs under a few counties in South Texas. In recent months, oil companies have found promising pools of gas and oil there, drawing the attention of the biggest names in the industry — Shell, BP, Norway’s Statoil, and one of the major […]