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 oil supply caused by unrest in the Middle East.
The Department of Energy, through its agent, DLA Energy, has issued a solicitation for new contracts to store two million barrels of ultra low sulfur distillate for the Northeast Home Heating Oil Reserve in New York Harbor and New England.
The U.S. Department of Energy today has awarded contracts to four companies who successfully bid for the purchase of 1,000,000 barrels of heating oil from the Northeast Home Heating Oil Reserve storage sites in Groton and New Haven, CT.
The current inventory of the Northeast Home Heating Oil Reserve will be converted to cleaner burning ultra low sulfur distillate to comply with new, more stringent fuel standards by some Northeastern states, the U.S. Department of Energy said today.
An exceptional waste management project at a Texas Strategic Petroleum Reserve site following Hurricane Ike in 2008 has won a DOE Environmental Sustainability (EStar) Award for Waste/Pollution Prevention.
The Department of Energy's Office of Fossil Energy announced today that the Strategic Petroleum Reserve has received the Most Valuable Pollution Prevention Project (MVP2) award from the National Pollution Prevention Roundtable for lowering potential greenhouse gas emissions.
DOE has awarded contracts to purchase 10,683,000 barrels of crude oil at a cost of $553 million for the Department's Strategic Petroleum Reserve. Deliveries of the oil will be made from February to April 2009.
The U.S. Department of Energy today announced that it plans to take advantage of the recent large decline in crude oil prices, and has issued a solicitation to purchase approximately 12 million barrels of crude oil for the nation's Strategic Petroleum Reserve (SPR) to replenish SPR supplies sold following hurricanes Katrina and Rita in 2005.