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Buckeye Bahamas Hub
The Buckeye Bahamas Hub terminal (BBH) is an oil and petroleum products marine terminal located just west of Freeport, The Bahamas, and is owned by Buckeye Partners. Also known as the Borco terminal, the terminal became operational in 1965, and was originally founded and named after the Bahamas Oil Refining Company International (BORCO). Today, BBH holds 80 tanks with a total capacity of 26,173,000 bbl, making BBH the world's fourth largest marine terminal, and the largest storage terminal facility in the western hemisphere. Buckeye Bahamas Hub is capable of storing, heating, blending, transshipping, and bunkering fuel oil, crude oil, and various petroleum products. The terminal is strategically located along the Northwest Providence Channel, near the southern tip of Grand Bahama Island, making it an ideal site for blending, transshipping, and terminal operations. It serves trade routes between the Persian Gulf, Northwest Europe, West Africa, and the U.S. Gulf and East coasts, as w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freeport, Bahamas
Freeport is a city, district and free trade zone on the island of Grand Bahama in the northwest part of The Bahamas. In 1955, Wallace Groves, a Virginian financier with lumber interests in Grand Bahama, was granted of pineyard with substantial areas of swamp and scrubland by the Bahamian government with a mandate to economically develop the area. Freeport has grown to become the second most populous city in The Bahamas. The main airport serving the city is the Grand Bahama International Airport, which receives domestic flights from various islands of The Bahamas as well as several international flights from the United States, Italy, and Canada. Freeport is also served by domestic Bahamian ferry services to other islands, and an international ferry connection to Miami. The Grand Bahama Port Authority (GBPA) operates the free trade zone, under the Hawksbill Creek Agreement signed in August 1955 whereby the Bahamian government agreed that businesses located in the Freeport ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buckeye Partners
Buckeye Partners, formerly known as the Buckeye Pipeline Company, is a distributor of petroleum in the East and Midwest areas of the United States. A direct descendant of Standard Oil, the company is considered one of the largest independent oil pipelines in the United States. Its global headquarters is located in Houston's River Oaks District, and it maintains an additional U.S. headquarters in Allentown, Pennsylvania. Its predecessor company, the Buckeye Pipe Line Company, was founded in 1886 as part of John D. Rockefeller's Standard Oil. It existed as a subsidiary until it became an independent company after Standard Oil's dissolution in 1911. It changed its name to Buckeye Partners in 1986 during a reorganization that transitioned it into a master limited partnership. The company expanded by buying oil pipelines from mainstream petroleum companies. In 1942, the company purchased Indiana Pipe Line. In 2004, its $517 million acquisition of refined petroleum pipelines and termin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grand Bahama
Grand Bahama is the northernmost of the islands of the Bahamas. It is the third largest island in the Bahamas island chain of approximately 700 islands and 2,400 cays. The island is roughly in area and approximately long west to east and at its widest point north to south. Its westernmost town, West End, is located east of Palm Beach, Florida. Administratively, the island consists of the Freeport Bonded Area and the districts of East Grand Bahama and West Grand Bahama. Nearly half of the homes on the island were damaged or destroyed in early September 2019 by Hurricane Dorian. Climate Grand Bahama Island has a tropical monsoon climate, consisting of a hot, rainy season from May through October, and a warm, dry season from November through April. In Freeport, the summer high temperatures average , and low temperatures average . During the winter, the average high temperature is , and the average low is . The hurricane season lasts from June through November, but the ris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Persian Gulf
The Persian Gulf, sometimes called the Arabian Gulf, is a Mediterranean seas, mediterranean sea in West Asia. The body of water is an extension of the Arabian Sea and the larger Indian Ocean located between Iran and the Arabian Peninsula.United Nations Group of Experts on Geographical NameWorking Paper No. 61, 23rd Session, Vienna, 28 March – 4 April 2006. accessed 9 October 2010 It is connected to the Gulf of Oman in the east by the Strait of Hormuz. The river delta of the Shatt al-Arab forms the northwest shoreline. The Persian Gulf has many fishing grounds, extensive reefs (mostly rocky, but also Coral reef, coral), and abundant pearl oysters, however its ecology has been damaged by industrialization and oil spills. The Persian Gulf is in the Persian Gulf Basin, which is of Cenozoic origin and related to the subduction of the Arabian plate under the Zagros Mountains. The current flooding of the basin started 15,000 years ago due to sea level rise, rising sea levels of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jetty
A jetty is a man-made structure that protrudes from land out into water. A jetty may serve as a breakwater (structure), breakwater, as a walkway, or both; or, in pairs, as a means of constricting a channel. The term derives from the French language, French word ', "thrown", signifying something thrown out. For regulating rivers Wing dams Jetties of one form, wing dams, are extended out, opposite one another, from each bank of a river, at intervals, to contract a wide channel (geography), channel, and concentrate the current to deepen the channel. At the outlet of tideless rivers Jetties have been constructed on each side of the outlet river of some of the rivers flowing into the Baltic Sea, Baltic, with the objective of prolonging the scour of the river and protecting the channel from being shoaled by the littoral drift along the shore. Another application of parallel jetties is in lowering the bar in front of one of the mouths of a deltaic river flowing into a tide — a v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Tanker
An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk cargo, bulk transport of petroleum, oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined petroleum, crude oil from its point of extraction to oil refinery, refineries. Product tankers, generally much smaller, are designed to move refined products from refineries to points near consuming markets. Oil tankers are often classified by their size as well as their occupation. The size classes range from inland or coastal tankers of a few thousand metric tons of deadweight tonnage, deadweight (DWT) to ultra-large crude carriers (ULCCs) of . Tankers move approximately of oil every year.UNCTAD 2006, p. 4. Second only to pipeline transport, pipelines in terms of efficiency,Huber, 2001: 211. the average cost of transport of crude oil by tanker amounts to only US. Some specialized types of oil tankers have evolved. On ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chevron Corporation
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is active in more than 180 countries. Within oil and gas, Chevron is vertically integrated and is involved in hydrocarbon exploration, production, refining, marketing and transport, chemicals manufacturing and sales, and power generation. Founded originally in Southern California during the 1870s, the company was then based for many decades in San Francisco, California, before moving its corporate offices to San Ramon, California, in 2001; on August 2, 2024, Chevron announced that it would be relocating its headquarters from California to Houston, Texas. Chevron traces its history back to the second half of the 19th century to small California-based oil companies which were acquired by Standard and merged into St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PDVSA
Petróleos de Venezuela, S.A. (acronym PDVSA, , English language, English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas. Since its founding on January 1, 1976, with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world's fifth largest oil exporter. Oil reserves in Venezuela are the largest in the world and the state-owned PDVSA provides the government of Venezuela with substantial funding resources. Following the Bolivarian Revolution, PDVSA was mainly used as a vital source of income for the Venezuelan government. Profits were also used to assist the presidency, with funds directed towards allies of the Venezuelan government. With PDVSA focusing on political projects instead of oil production, mechanical and technical statuses deteriorated while employee exp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Reserve Corporation
First Reserve Corporation is a private equity firm specializing in leveraged buyouts and growth capital investments in the energy sector. First Reserve was founded in 1984 and is the oldest and largest private equity fund dedicated to investments in the energy sector. As of 2017, First Reserve had approximately 155 employees across three offices in Stamford, Connecticut, Houston, Texas and London. Investments The firm is currently investing out of its twelfth private equity fund First Reserve Fund XII LP, raised in 2008 with approximately $8.9 billion of investor commitments, which is the largest energy-focused fund raised to that point. Fund XI was raised in 2006 with $7.8 billion of investor commitments. Fund XI was more than $5.5 billion larger (and three times the size) of Fund X which closed with $2.3 billion in 2004. First Reserve's fundraising has benefited from the recent focus on the energy industry in the broader market. In 2008, First Reserve advanced its renewab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vopak
Royal Vopak N.V. () is a Dutch independent multinational corporation, multinational company that stores and handles products ranging from chemicals, petroleum, oil, gases and LNG to biofuels and vegoils. Its purpose is to "Store vital products with care", which derives from the products Vopak stores and how they are being stored The company was created by the merger of Van Ommeren and Pakhoed in 1999. In 2002, the distribution of oil and natural gas related products was split off; a new company Univar was created for that purpose. The head office is located in Rotterdam. Vopak is listed on Euronext Amsterdam. Merger In 1998 the companies Royal Pakhoed nv and Royal van Ommeren nv decided to merge. Both companies were offering storage services for oil, petrochemical products, vegetable oils etc. Both companies were also active on the market of shipping (tankers) and other logistical services. Besides their overlapping activities Van Ommeren offered heavy-goods transport via Dock ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hurricane Irma
Hurricane Irma was an extremely powerful and devastating tropical cyclone that was the first Category 5 hurricane to strike the Leeward Islands on record, followed by Hurricane Maria, Maria two weeks later. At the time, it was considered the most powerful hurricane on record in the open Atlantic region, outside of the Caribbean Sea and Gulf of Mexico, until it was surpassed by Hurricane Dorian two years later. It was also the third-strongest Atlantic hurricane at landfall ever recorded, just behind the 1935 Labor Day hurricane, 1935 Labor Day Hurricane and Dorian. The ninth tropical cyclone naming, named storm, fourth hurricane, second Saffir–Simpson scale#Categories, major hurricane, and first List of Category 5 Atlantic hurricanes, Category 5 hurricane of the extremely active 2017 Atlantic hurricane season, Irma caused widespread and catastrophic damage throughout its long lifetime, particularly in the northeastern Caribbean and the Florida Keys. It was also the m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hurricane Dorian
Hurricane Dorian was an extremely powerful and catastrophic tropical cyclone, which became the most intense on record to strike The Bahamas. It is tied with the 1935 Labor Day hurricane for the strongest landfall in the Atlantic basin in terms of maximum sustained winds. It is regarded as the worst natural disaster in The Bahamas' recorded history. With winds peaking at , it was also one of the most powerful hurricanes recorded in the Atlantic Ocean in terms of Maximum sustained wind, 1-minute sustained winds, and the strongest since Hurricane Wilma, Wilma in 2005 Atlantic hurricane season, 2005. Dorian was the fourth named storm, second hurricane, the first major hurricane, and the first Category 5 hurricane of the 2019 Atlantic hurricane season. Dorian struck the Abaco Islands on September 1 with maximum sustained winds of 185 mph (295 km/h), tying with the 1935 Labor Day hurricane for the highest wind speeds of an Atlantic hurricane ever recorded at landfall. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
