DOE Energy News

US to Release 172 Million Barrels of Oil From Strategic Petroleum Reserve

The U.S. Department of Energy announced the release of 172 million barrels of oil from the Strategic Petroleum Reserve, beginning next week, as part of a coordinated international effort to lower energy prices. The release is expected to take approximately 120 days, with plans to replenish the reserve within the next year.

Energy Secretary Directs Sable Offshore to Restore Pipeline

U.S. Secretary of Energy Chris Wright has directed Sable Offshore Corp. to restore operations of the Santa Ynez Unit and Santa Ynez Pipeline System. This action aims to address supply disruption risks and reduce reliance on foreign oil, particularly for U.S. military forces.

Energy Dept Approves LNG Export Increase at Plaquemines Terminal

The U.S. Department of Energy has authorized an immediate 13% increase in liquefied natural gas (LNG) exports from Venture Global's Plaquemines LNG Terminal in Louisiana. This approval allows for an additional 0.45 billion cubic feet per day of exports to non-free trade agreement countries.