US energy company Max Midstream has hired Dan House, formerly head of US crude trading at Mercuria Energy Trading, as its new global head of trading.
‘The hiring of Dan House demonstrates again that Max Midstream is serious about achieving the goal of exporting Texas oil to the European market this year,’ says Todd Edwards, president and CEO of Max Midstream.
In September 2020, Max Midstream bought the Seahawk Pipeline and Terminal at the Port of Calhoun, Texas, from Oaktree Capital, with a view to transforming Calhoun into an alternative to Houston and Corpus Christi for oil exporters, and that it would connect the port directly to the Eagle Ford and Permian basins in Texas. Edwards says that the first oil is now reaching Calhoun through its pipeline. The company expects to begin exporting Texas oil to Europe as soon as Q2 2021.
In January 2021, the company formed two new European subsidiaries with offices in Rotterdam in the Netherlands and Geneva in Switzerland to trade Texas crude and condensate in Europe, as well as securing tank capacity at Koole Terminal in Rotterdam.
At Mercuria, House built, ran and managed a North American crude supply and trading business, and was responsible for integrating the US supply and trading into the global market. He worked with his team in Geneva, London, UK, Beijing, China, and Singapore.
‘I’m excited to join Max Midstream and lead our new trading organisation. We look forward to connecting customers around the world through our logistics and trading,’ says House.