The Louisiana Offshore Oil Port (LOOP)

TANKER OFFLOADING

LOOP safely and efficiently offloads tankers of crude oil that are imported into the U.S. from the Arabian Gulf, Russia, West Africa, the North Sea, Mexico and South America. Many tankers that discharge their cargoes at LOOP are supertankers and are designated as either “very large crude carriers” (VLCCs) or “ultra large crude carriers” (ULCCs). These massive ships can be longer than the Empire State Building is tall.

In response to change US supply patterns, LOOP has made modifications to it’s mooring configuration to receive Jones Act compliant Medium Range (MR) tankers to receive cargoes from US ports. It also allows for FPSO shuttle tankers to deliver their cargo to LOOP.

marine hose
marine hose

The LOOP oil port and pipeline were specially constructed to accommodate these enormous vessels. Standing in 110 feet of water some 20 miles from land in the Gulf of Mexico, the LOOP Marine Terminal can comfortably accommodate tankers calling at the port.

Once anchored at one of the three single point mooring (SPM) buoys, hoses are attached to a ship’s manifold for offloading. Hi-tech, flexible hoses are attached to the ship’s manifold to receive and transport the crude oil. It is pumped from the ship in an underground pipeline.

Oil movement controllers from LOOP, in close communication with the ship, initiate the offloading of the vessel to the LOOP Marine Terminal where it is pumped into a 48-inch diameter pipeline to the LOOP storage facilities at a rate of up to 100,000 barrels per hour.

The oil arrives at the LOOP storage facility in Clovelly, Louisiana, some 45 miles from the marine terminal. There the oil is stored in a network of underground caverns and aboveground tanks. The LOOP marine terminal, pipeline and storage facilities reside in a Foreign Trade Zone (FTZ) which provides opportunities for companies importing foreign crude oil to optimize their U.S. Customs duties.

pumping platform
pumping platform

 

 

 

Romano Pisciotti surfing web

TRANS-ANATOLIA PIPELINE

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The $11 billion Trans-Anatolian Pipeline would cross the entire length of Turkey’s Asian landmass. The pipeline would begin at the Georgia-Turkey border and pass to Greece through Anatolia, as Turkey’s Asian territory is known. It would not be completed until 2019.

 

Romano Pisciotti by WEB

Who Benefits Most From Cheap Oil?

China’s Insatiable Appetite For Oil

As per the EIA, China is currently the biggest consumer of crude oil after the US and its consumption rate is about one third of the world’s consumption growth rate. In 2014, its crude imports averaged at around 6.2 million barrels per day .This means that cheap oil would hugely benefit the Asian giant as it would drastically reduce its overall import bill.

India

With a projected growth rate of more than 7.8% in 2015, India is all set to grow more than China according to the IMF and World Bank. With a consumption of more than 3 million barrels of oil per day, India is the fourth largest global consumer of oil in the world. Since the country imports around 80% of its total crude oil requirement, cheap oil has drastically reduced India’s import bill and current account deficit from the previous years. As per India’s current finance minister, the country might even achieve a current account surplus in the fourth quarter of 2015. Moreover, India has recently de-regulated the price of diesel and petrol and brought it in line with the international rates. The deregulation of fuel has reduced its retail cost which has resulted in reduction of the overall inflation rate.

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