Enterprise Products Partners receives approval for US's largest offshore oil export terminal, SPOT, to build off the Texas coast.

Enterprise Products Partners received approval to build a deepwater oil port off the Texas coast, which aims to support record oil exports to markets in Asia and Europe. The US Maritime Administration granted a license for the Sea Port Oil Terminal (SPOT), allowing the Houston-based company to proceed with construction. Once operational, the SPOT terminal will be the largest offshore oil export terminal in the US, with a capacity to load 2 million barrels of crude oil per day.