Happy Thursday! Hope you enjoyed the lovely cool weather the area is having.
You know we like to keep up with
the happenings at the Department of Energy’s Strategic Petroleum Reserve (SPR)
and other American assets like the Northeast Home Heating Oil Reserve (NEHHOR).
Well, looks like the DOE has some news on the RFP it issued for an exchange
of heating oil which closed last week. A
couple of these companies are familiar faces who were awarded oil contracts from
the SPR in October, see our Blog earlier this week for details. Let’s
dig in.
Did anyone
happen to read the U.S. Department of Energy’s Hydrocarbon and Geothermal
Energy Office Release on November 4, 2026, their announcement, “Energy
Department Awards Contracts from Northeast Home Heating Oil Reserve”? In the announcement, it goes on to speak on
how the U.S. Department of Energy (DOE) recently published their awardees
for the Request for Proposal (RFP) for an emergency exchange for approximately
300,000 barrels of ultra-low sulfur heating oil from the Northeast Home
Heating Oil Reserve (NEHHOR) which closed last week. The NEHHOR facilities where the heating
oil will be released from will be in Boston, Massachusetts and New Haven, Connecticut,
and the heating oil is to be delivered by the end of this week. The companies who were awarded the contracts
are Global Companies, LLC; Sprague Operating Resources LLC; Trafigura Trading
LLC; and Vitol Inc. The parties’ who
were awarded contracts about a year to return the barrels with additional heating
oil. We will keep you posted on anything
interesting we hear out of the DOE and the NEHHOR. If you would like to read more of the Announcement
from the U.S. DOE’s Hydrocarbons and Geothermal Energy Office, please click
the link: Energy Department Awards Contracts from Northeast Home Heating Oil Reserve.
If you would
like help in looking into how to store your liquid hydrocarbon safely in
underground storage or expand your transportation system at your facility,
contact us via email in the Blog and check out our ESC website!
We hope you have a wonderful evening and a productive week.
**Disclaimer: Please see the Immediate Release from
the U.S. DOE for specifics. **