Happy Monday! Welcome back to another week of ESC News Blog! We hope you enjoyed your weekend!
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 55 million barrels of oil, and
they have lined up purchasing agreements for Big Hill, Bayou Choctaw and Bryan
Mound for later this year or next year.
Did anyone
happen to read the DOE’s CESER Updates Newsletter for the Strategic
Petroleum Reserve on September 28, 2024, their update included, “New
Solicitation for up to 3.0 Million Barrels Continues Biden-Harris
Administration’s Commitment to Replenish Reserve with Emergency Sale Revenues,
Maintain the SPR’s Operational Readiness, and Protect the Nation’s Energy
Security”? In the DOE’s CESAR updates, the
Office of Strategic Petroleum Reserve (SPR) have announced Request for Proposal
(RFP) for them to buy up to 3.0 million barrels of sour crude oil to be
transported to Bryan Mound SPR in April or May 2025. The RFP’s deadline is November 4, 2024,
please see solicitation for specifics. The
previous direct purchase agreements average $76 per barrel which is a good price. 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 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 and a good week!
**Disclaimer: Please see the update from CESER for
specifics to the solicitations. **