New U.S. Oil Export Facility License, Marathon's Venezuelan Crude Purchases: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

TERMINALS
U.S. Approves License for Texas Deepwater Oil Export Terminal - The U.S. Department of Transportation on Tuesday approved a license for oil transportation and storage company Sentinel Midstream's planned deepwater oil export project off the Texas coast. Transportation Secretary Sean Duffy said in a statement to Reuters the Texas GulfLink project is part of the Trump administration's effort to boost the U.S. oil industry and production and allow for the export of up to 1 million barrels of crude oil per day. The Texas GulfLink deepwater port will be located approximately 26.6 nautical miles off the coast of Brazoria County, Texas. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Reuters)

CRUDE OIL
Marathon Petroleum Buys Venezuelan Crude Oil for Refineries - Marathon Petroleum said it bought two cargoes of Venezuelan crude oil at the end of January and expects its refineries to process more heavy grades, company executives said during a post-earnings call on Tuesday. "Right now, the signals are pointing towards a heavy, more sour slate, and so we're leaning into it significantly," Chief Commercial Officer Rick Hessling said. Marathon's 631,000-barrel-per-day (BBL/d) refinery in Galveston Bay, Texas, and the 606,000-BBL/d facility in Garyville, Louisiana, have the ability to quickly pivot to process Venezuelan crude oil. Subscribers to Industrial Info's GMI Refining Plant Database can learn more by viewing the plant profiles on the Galveston Bay and Garyville refineries. (Reuters)

NATURAL GAS
Russia's January Pipeline Gas Exports to Europe Up 10% from Last Year - Russian energy giant Gazprom's average daily natural gas supplies to Europe via the TurkStream undersea pipeline rose 10.3% in January year-on-year, Reuters calculations showed earlier this week. Turkey is the only transit route left for Russian gas to Europe after Ukraine chose not to extend a five-year transit deal with Moscow that expired in January 2025. Total Russian gas supplies to Europe via TurkStream stood at 1.73 billion cubic metres (bcm) in January compared to 1.57 bcm during the same period a year earlier, according to Reuters calculations. (Reuters)

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Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).