Happy Thursday!
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 more than 50 million barrels of oil, and
they have lined up purchasing agreements for another approximately 9 million
barrels to be delivered this fall to Big Hill SPR and lined up 4.65 million
barrels for Bayou Choctaw for delivery by the end of the year, and lined up a
total of approximately 6.0 MMB for Bryan Mound for delivery in 2025.
Did anyone
happen to read the DOE’s CESER Updates Newsletter for the Strategic
Petroleum Reserve on September 18, 2024, their update included, “New
Solicitation for 6.0 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 Strategic
Petroleum Reserve (SPR) have announced Request for Proposal (RFP) for them to buy
approximately 6.0 million barrels of oil to be transported to Bayou Choctaw SPR
to be delivered 1.5 MMB a month starting February 2025 for 4 consecutive
months. All the oil should be delivered by
the end of May 2025. The RFP’s deadline
is September 25, 2024, please see solicitation for specifics. We
will keep you informed on anything we hear from the SPR. If you would like to read more of the
announcement from the DOE’s Office of Strategic Petroleum Reserves,
please click the link: U.S. Department of Energy Announces New Solicitation to Purchase Oil for Strategic Petroleum Reserve – Following Purchases That Have Secured More Than 50 Million Barrels at a Good Deal for American Taxpayers | Department of Energy.
If you would
like help in looking into how to transport your liquid petroleum 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!
**Disclaimer: Please see the update from CESER for
specifics to the solicitations. **