Genesis Energy will spend about $500 million over the next three years to increase its footprint in the deep-water Gulf of Mexico (GOM) by expanding a pipeline system and building a new line, according to a first-quarter earnings report. The CHOPs system, which transports oil from deep-water oilfields to markets on the Texas Gulf Coast will be enhanced with a new 105-mile (169-km) pipeline called SYNC.
展开▼