LOOP LLC · Metairie, LA United States
Company Description
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This link will open in a new window LOOP (Louisiana Offshore Oil Port) offloads crude oil from tankers, stores it, and routes it to pipelines and refineries along the Gulf Coast and the Midwest. It is also the storage and terminalling facility for the MARS pipeline system and its supply of offshore Gulf of Mexico crude oil. Oil is stored in eight underground caverns leached out of a naturally occurring salt dome. These caverns are capable of storing about 50 million barrels of crude oil. The company is owned by Marathon Ashland Pipe Line, Murphy Oil , and Shell Oil . In addition to other services LOOP has an above-ground tank farm made up of six 600,000 barrel tanks. To read the full description, subscribe now.
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Key LOOP LLC Financials
| Company Type | Private - Consortium Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $265.3 |
| Employees | 128 |
LOOP LLC Executives
4 executives listed for LOOP LLC's Metairie, LA location.
| Title | Name & Bio | Contact |
| President | Thomas Shaw | Network |
| VP Business Development | Dale Rollins | Network |
| Business Development and Marketing Representative | Barb Hestermann | Network |
Competition
Competitive Landscape for LOOP LLC
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top LOOP LLC Competitors
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