Hello, Guest!
  • Tuesday, November 19, 2024
Photo/shutterstock.com

DOE Posts Draft Solicitation for Strategic Petroleum Reserve Management Contract

The Department of Energy is seeking comments on a draft request for proposals to manage and operate its emergency crude oil storage infrastructure for another 10 years.

The contract has a five-year base ordering period with an option to extend work for another five years and will replace the existing Strategic Petroleum Reserve management contract held by a Fluor (NYSE: FLR) subsidiary, according to a SAM.gov notice published Monday.

Fluor Federal Petroleum Operations secured a $1.46 billion contract in September 2013 to assume responsibility for SRS and won a potential $2 billion contract extension in 2018 to continue construction and engineering work through March 31, 2024.

Work under the new contract will include the operation of the petroleum storage facilities at the reserve.

Responses to the draft solicitation are due June 26.

Video of the Day

Related Articles

Expert Panelists Discuss Low-Code Software & Citizen Development Events

Expert Panelists Discuss Low-Code Software & Citizen Development

Workforce is a determining factor of the success of any project, and it can be a challenge for federal agencies to find and recruit information technology experts and train their existing staff – who are often used to traditional processes – on new technologies. Low-code software presents a solution to this problem. This programming method

DOE CIO Ann Dunkin on Department’s Approach to AI Challenges Artificial Intelligence

DOE CIO Ann Dunkin on Department’s Approach to AI Challenges

Artificial intelligence has presented the U.S. Department of Energy with an opportunity to revolutionize the way it carries out its mission. Ann Dunkin, chief information officer of the DOE, has identified the analysis of climate-focused technologies like solar panels as just one potential benefit. Though new AI technologies could be groundbreaking, there are many security concerns

Bernhard Capital’s DOE Services Platform Buys Nuclear Security Consulting Firm SMSI; Chris Dillon Quoted M&A Activity

Bernhard Capital’s DOE Services Platform Buys Nuclear Security Consulting Firm SMSI; Chris Dillon Quoted

The Department of Energy services platform of private equity management firm Bernhard Capital Partners has acquired federal technical consulting services provider Strategic Management Solutions for an undisclosed sum. Albuquerque, New Mexico-based SMSI has more than 400 employees and has been providing program management and project support services to DOE, National Nuclear Security Administration, national laboratories