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FE Petroleum Reserves News

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March 14, 2011
DOE Seeks Commercial Storage for Northeast Home Heating Oil Reserve

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.

February 10, 2011
DOE Completes Sale of Northeast Home Heating Oil Stocks

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.

February 3, 2011
DOE Accepts Bids for Northeast Home Heating Oil Stocks

The U.S. Department of Energy (DOE) today has awarded contracts to three companies who successfully bid for the purchase of 984,253 barrels of heating oil from the Northeast Home Heating Oil Reserve.

February 1, 2011
DOE Will Convert Northeast Home Heating Oil Reserve to Ultra Low Sulfur Distillate

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.

April 22, 2010
Exemplary Hurricane Damage Cleanup Earns Petroleum Reserve Coveted Environmental Award

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.

September 22, 2009
Strategic Petroleum Reserve Receives Prestigious Environmental Award

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.

January 16, 2009
Contracts Awarded for Acquisition of Crude Oil for the Strategic Petroleum Reserve

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.

January 2, 2009
DOE to Resume Filling Strategic Petroleum Reserve

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.