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UPDATE 2-Shell on track to reverse Ho-Ho pipeline by year-end

Tue, 10th Dec 2013 21:54

(Updates with detail on tariff filing, 2nd paragraph)

By Selam Gebrekidan

NEW YORK, Dec 10 (Reuters) - Royal Dutch Shell onTuesday moved closer to shipping a glut of light sweet oil fromTexas to Louisiana after it filed tariffs for itsHouston-to-Houma pipeline reversal with federal regulators.

In one of the filings, Shell requested a one-day notice to"notify our shippers that this line segment is now operationaland nominations for the transportation movements are beingaccepted."

The tariffs will come into effect on Thursday.

"The reversed Ho-Ho line is on schedule to be operational bythe end of the year," Shell spokeswoman Destin Singleton said inan email.

The pipeline is expected to help relieve a supply bottleneckthat is emerging in the Houston area as crude oil from U.S.shale fields floods the Gulf Coast. It will bring oil from thePermian Basin in West Texas, the Eagle Ford shale oil play inSouth Texas and growing supplies from Cushing to Louisianarefineries.

The Ho-Ho reversal project includes a 200,000barrels-per-day pipeline that will run from Houston to PortNeches, Texas, a 360,000 bpd line from Port Neches to Houma,Louisiana, a 500,000 bpd line from Houma to the LouisianaOffshore Oil Port (LOOP) hub in Clovelly, Louisiana and a300,000 bpd line from Houma to St. James, Louisiana.

The company shut an existing pipeline, which initially ranfrom Houma to Houston, in August to complete the reversal. (Reporting by Selam Gebrekidan; Editing by Meredith Mazzilliand Grant McCool)

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28 Oct 2021 07:22

UPDATE 7-Shell says break-up of group would not work in real life

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28 Oct 2021 07:22

UPDATE 5-Shell says break-up of group would not work in real life

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28 Oct 2021 07:22

UPDATE 4-Shell says break-up of group would not work in real life

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28 Oct 2021 07:22

UPDATE 3-Shell toughens climate targets as Q3 profit misses forecasts

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28 Oct 2021 07:22

UPDATE 2-Shell sets tougher climate targets, Q3 profit below expectations

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28 Oct 2021 07:22

UPDATE 1-Shell's third-quarter profit falls, hones climate targets

(Adds detail)LONDON, Oct 28 (Reuters) - Royal Dutch Shell set a new target for its direct operational greenhouse gas emissions on Thursday, reporting third-quarter profit down 25% to $4.13 billion from the previous quarter, below expectations.Shel...

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28 Oct 2021 07:05

Shell's third-quarter profit falls to $4.1 bln, below expectations

LONDON, Oct 28 (Reuters) - Royal Dutch Shell's third-quarter adjusted earnings fell 25% to $4.13 billion from the previous quarter, it said on Thursday, below an average analyst forecast provided by the company for a $5.31 billion profit.That com...

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28 Oct 2021 07:03

Shell Q2 profits hit by Hurricane Ida, sets new climate target

(Sharecast News) - Royal Dutch Shell reported lower-than-expected third-quarter adjusted earnings despite higher fuel prices as it took a $400m hit from Hurricane Ida on operations and said it was setting new targets for carbon emission cuts.

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27 Oct 2021 20:46

UPDATE: Shell notes talks with Third Point as activist calls for split

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27 Oct 2021 20:20

PRESS: Third Point builds massive Shell stake, pushes for split

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27 Oct 2021 18:26

North Sea Crude-Brent diffs fall, Equinor bids for Gullfaks

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27 Oct 2021 16:57

LONDON MARKET CLOSE: FTSE 100 dips but budget buoys homebuilders, pubs

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27 Oct 2021 16:57

UPDATE 4-Hedge fund Third Point buys stake in Shell, urges breakup

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27 Oct 2021 16:57

UPDATE 3-Third Point builds $750 mln stake in Shell, urges breakup

(Releads with source comment, letter from Third Point)By Arathy S NairOct 27 (Reuters) - Activist investor Daniel Loeb's Third Point has built a near $750 million stake in Royal Dutch Shell , a source close to the matter told Reuters on Wednesday,...

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