DOT Approves License For Deepwater Oil Port Offshore Texas
A license for Texas Offshore Port Inc. to construct and operate a deepwater port for oil supertankers in the Gulf of Mexico has been approved by the federal Department of Transportation.
The port, to be located 12 miles south of Freeport, Texas, will be able to handle 500,000 barrels of oil a day and will cost an estimated $191 million.
Texas Offshore Port Inc., a consortium of potential users — oil and chemical companies—applied for the license which guarantees that the facility be operated as a common carrier.
The DOT said that according to conditions recommended by the Justice Department and the Federal Trade Commission, the port will be subject to antitrust laws.
Transportation Secretary Drew Lewis, in a statement released recently, said the new port will lower the cost of transporting crude oil and significantly reduce the risk of oil spills.
Other stories from October 15, 1981 issue
- INMARSAT Set For February 1 Start page: 6
- Launch First Five-Screw Crewboat At Gulf Craft; Diesel Plant Modified By George Engine page: 7
- Submersible Drilling Barge "The Mr. Ray' Christened At McDermott Yard page: 8
- Tidewater Elects Bankston President, Koock, Ramey Are New VPs page: 8
- Crowley Establishes Unit For Energy Transportation Headed By VP Kirkeide page: 9
- Mrs. Joseph Elected Director At Twin City Barge page: 10
- Megasystems Cargo Control Systems Ordered For Product Carriers page: 10
- Dravo SteelShip Delivers The 'Mobilian' For Warrior And Gulf Navigation Company page: 11
- Moss Rosenberg Delivers First Of Three Chemical/Gas Carriers For Norwegian Owners page: 12
- Progressive Delivers First Boat For Africa page: 12
- Bay Shipbuilding Names John Schermond New Manager Of Contracts page: 13
- Zapata Christens Three Offshore Drilling Rigs Built In Singapore page: 13
- Bayou Black Delivers Sundance Sunset page: 14
- Two Brochures Available On Sperry's Doppler Speed, Navigation Systems page: 16
- SNAME Requests Technical Papers For 1982 Annual page: 16
- Five Executive Promotions Announced At Perko page: 16
- McAllister Names Alban Division Manager page: 17
- Research Continues For More Fuel Efficiency With Lower Grade Fuels page: 18
- Halter To Build Two Supply Vessels For Jackson Marine page: 51
- Canadian Firm Orders Four Large Bulk Carriers page: 52
- Seaward International Awarded Fourth Fendeir Contract By U.S. Navy page: 52
- Ashland Oil Will Use Megasystems D.O.T. Unit To Evaluate Additives page: 52
- IHI To Build World's First Mobile Arctic Caisson Rig For Beaufort Sea page: 55
- George Engine Reports Record Growth-Sales —Brochure Available page: 56
- DOT Approves License For Deepwater Oil Port Offshore Texas page: 57
- $3-Million Navy Contract Awarded To Tracor page: 57
- Christen Navy Hydrofoil 'Aquila' —Third Of Six Missile Ships Building At Boeing Marine page: 58
- HUDSHIP To Build Four Tug/Supply Vessels For Hornbeck page: 58
- 4,000-Ton Drydock 'H.S. Geneen' Ch ristened At Delta Shipyard page: 58
- Levingston Delivers Dixilyn-Field 87 page: 58
- Approve $16-Million MarAd Title XI Guarantee For Coal-Carrying Barge page: 75
- Megasystems Combustion Analysis Systems Ordered By Phillips page: 76
- $35.8-Million Contract Awarded To Build New Lock On Gulf Waterway page: 76