Happy Monday! Welcome back to another week of ESC News Blog! We hope you were able to keep dry today. Let’s get started.
At this point,
you know how we enjoy writing follow-ups or updates for our Blog! We wrote about the Strategic Petroleum Reserve (SPR) several
times last year for having either purchased or returned to them crude oil to
fill this American asset. Well, the U.S. DOE Petroleum Reserve’s Office was fairly quiet at this year nonetheless they
have awarded a contract for the last request for barrels!
Did anyone
happen to read the DOE’s CESER Updates Newsletter for the Strategic
Petroleum Reserve on November 12, 2025, their update included, “The U.S. Department
of Energy announced contracts have been awarded for the acquisition of one
million barrels of oil for the Strategic Petroleum Reserve (SPR)”? In the DOE’s updates, the Office of Strategic
Petroleum Reserve (SPR) has announced they have agreed to buy
approximately one million barrels of sour
crude oil for the SPR in Bryan Mound.
The SPR posted a solicitation back in October for one million
barrels for delivery between the end of the year through January 2026. The award was announced on November 12,
2025. The SPR received eighteen proposals
from six companies, and two companies’ proposals qualified for the contracts,
and they are Trafigura Trading LLC (600 MB) and Energy Transfer Crude Marketing
LLC (300MB) with an approximate cost of $56 million. The SPR
currently holds approximately 411.4 million barrels with 151.8 million sweet crude and 259.6 million sour crude
and the capability to hold 700 million barrels. The current award will add to its sour crude
supply. We will keep you posted on
anything else 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: Energy Department Awards Contracts to Begin Refilling the Strategic Petroleum Reserve| 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 website!
We hope you have a wonderful evening!
**Disclaimer: Please see the update from CESER for
specifics. **