Thursday, July 11, 2024

DOE has requested proposals for them to purchase 4.5 million barrels to refill Bayou Choctaw for last quarter 2024 delivery.

 

Happy Thursday!  

Recovery is slow here in Houston.  We are starting to think they aren’t fixing the traffic lights around us and the gully wash of a rain we had this afternoon didn’t help!  We hope your area of town is faring better! 

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 approximately 9 million barrels to be delivered in September, 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 July 10, 2024, their update included, “U.S. Department of Energy Announces New Solicitations for 4.5 Million Barrels Continues Biden-Harris Administration’s Commitment to Replenish at a Good Deal for American Taxpayers, Maintain the SPR’s Operational Readiness, and Protect the Nation’s Energy Security”?  In the DOE’s updates, the Office of Petroleum Reserves has announced another round of solicitations for purchase for up to 4.5 million barrels of sour crude for their reserves at Bayou Choctaw in Louisiana to be delivered the last quarter 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 another solicitation to refill this important American

This round of solicitation’s deadline for proposals is for 4.5 million barrels of sour crude for delivery in the last quarter of 2024 is due July 18, 2024.   Please see SPR’s solicitation announcement for details, see link: Strategic Petroleum Reserve - United States Department of Energy (azurefd.us).   

If you would like more information on the CESER update, please click the link:   U.S. Department of Energy Announces New Solicitations to Purchase Oil for StrategicPetroleum Reserve | Department of Energy.

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! We are hoping your electric and the traffic lights are back on tomorrow and our area gets back to normal for the weekend!

**Disclaimer: Please see the update from CESER for specifics to the solicitations. **