The Department of Energy’s (DOE) Office of Fossil Energy announced today they will commence a sale of crude oil from the Strategic Petroleum Reserve (SPR) as early as January 2017.
The Department of Energy announced today the release of the Long-Term Strategic Review of the Strategic Petroleum Reserve (SPR). The congressionally-mandated study provides an overview of the SPR and addresses key challenges that will impact the Reser...
The U. S. Department of Energy announced the award of contracts for delivery of crude oil to the Strategic Petroleum Reserve. BP Products North America, Inc., will deliver 2,197,500 barrels and Noble Americas will deliver 2,000,000 barrels to the Reser...
Today, the Energy Department finalized the sale of the historic Teapot Dome Oilfield located 35 miles north of Casper, Wyoming to Stranded Oil Resources Corporation, a subsidiary of Allegheny Capital Corporation.
The U.S. Department of Energy announced that Fluor Federal Petroleum Operations, LLC, has been awarded a management and operating contract valued at $1.46 billion to run DOE’s Strategic Petroleum Reserve (SPR) for a period of five years, after which ...
The U.S. Department of Energy has completed the acquisition of commercial storage services for the one million barrel Northeast Home Heating Oil Reserve.
The Department of Energy, through its agent DLA Energy, has issued a solicitation seeking commercial storage contracts for the remaining 350,000 barrels of ultra low sulfur distillate needed to complete the fill of the Northeast Home Heating Oil Reserve.
The U.S. Department of Energy today announced that new contracts have been awarded for commercial storage of 650,000 barrels of ultra low sulfur distillate for the Northeast Home Heating Oil Reserve.
On June 23, 2011, the International Energy Agency (IEA) announced that its 28 member countries would release 60 million barrels of crude oil and refined products into the global market.
U.S. Energy Secretary Steven Chu announced today that the U.S. and its partners in the International Energy Agency have decided to release a total of 60 million barrels of oil onto the world market over the next 30 days to offset the disruption in the ...