Happy Tuesday!
At this point,
you know how we enjoy writing follow-ups for our Blog! We wrote about the Strategic Petroleum Reserve (SPR) having
purchased or have had returned to them approximately 42.6 million barrels of
oil, and they have lined up purchasing agreements for another 6+ million
barrels to be delivered in October and November to Big Hill SPR in Texas.
Did anyone
happen to read the DOE’s CESER Updates Newsletter for the Strategic
Petroleum Reserve on June 7, 2024, their update included, “U.S. Department
of Energy Announces New Solicitations to Purchase 6 Million Barrels of Oil for
Strategic Petroleum Reserves”? In the DOE’s
updates, the Office of Petroleum Reserves has announced another round of
solicitations for purchase for 6 million barrels of sour crude for their reserves
at Bayou Choctaw in Louisiana to be delivered the last quadrimester of 2024. Their decision was based on the price of oil
being below their threshold of $79, and Bayou Choctaw’s scheduled maintenance being
behind them the SPR decided to post two solicitations to refill this important
American asset.
The first solicitation
deadline for proposals is for 1.5 million barrels of sour crude for delivery in
September is due June 12, 2024. The second
deadline for proposals is for 4.5 million barrels of sour crude for delivery in
the last quarter of 2024 is June 17, 2024.
Please see SPR’s solicitation announcement for details.
If you would
like more information on the CESER update, please click the link:
U.S. Department of Energy Announces New Solicitations to Purchase 6 Million Barrels of Oil for Strategic Petroleum Reserve | Department of Energy.
If you would
like further details on the two solicitations for Bayou Choctaw SPR, please
click the link: Strategic Petroleum Reserve - United States Department of Energy (azurefd.us).
If you would
like help in looking into how to transport your liquid product efficiently,
safely, and with less of a carbon footprint or just find out what is underneath
your feet to help with your emission reduction goals, contact us via email in
the blog and check out our ESC's website!
We hope you have a wonderful evening and a productive week!
Try and keep dry this evening!
**Disclaimer: Please see the update from CESER for
specifics to the solicitations. **