AEP seeks to sell 3.1 million gallons of fuel oil

AEP (American Electric Power) seeks to sell 3.1 million gallons of fuel oil through its subsidiary Public Service Company of Oklahoma.|AEP (American Electric Power) seeks to sell 3.1 million gallons of fuel oil through its subsidiary Public Service Company of Oklahoma.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

AEP (American Electric Power) is looking to sell 3.1 million gallons of fuel oil through its subsidiary Public Service Company of Oklahoma.
The American giant is focusing on technology development projects and providing customized energy solutions.

AEP seeks to sell its fuel oil in Oklahoma

American Electric Power is looking to sell 3.1 million gallons of fuel oil through its subsidiary Public Service Company of Oklahoma.
The fuel oil is Dyed No. 2 from the Riverside plant in Jenks, Oklahoma.
The fuel oil is stored in a 9-million-gallon above-ground tank.
American Electric Power is offering a fixed price per gallon.
Sales will begin on July 21, 2021.
American Electric Power is selling its fuel oil to concentrate on other projects.
AEP’s focus includes developing smart energy infrastructure and providing customized energy technologies and solutions.

AEP supplies 5.5 million Americans with electricity

American Electric Power, based in Columbus, Ohio, is one of the largest electricity producers in the United States.
The company has around 30,000 MW of diversified generating capacity, including 5,500 MW ofrenewable energy.
AEP employs some 16,800 people who maintain and operate the network.
It is the largest transmission system in the United States, with 223,000 miles of distribution lines.
American Electric Power supplies safe, reliable electricity to nearly 5.5 million people in 11 states.
AEP operates in Ohio, Virginia, West Virginia, Texas, Kentucky, Oklahoma, Arizona and Louisiana.

BP sells non-controlling stakes in its Permian and Eagle Ford midstream infrastructure to Sixth Street for $1.5 billion while retaining operational control.
Angola enters exclusive negotiations with Shell for the development of offshore blocks 19, 34, and 35, a strategic initiative aimed at stabilizing its oil production around one million barrels per day.
Faced with declining production, Chad is betting on an ambitious strategy to double its oil output by 2030, relying on public investments in infrastructure and sector governance.
The SANAD drilling joint venture will resume operations with two suspended rigs, expected to restart in March and June 2026, with contract extensions equal to the suspension period.
Dragon Oil, a subsidiary of Emirates National Oil Company, partners with PETRONAS to enhance technical and commercial cooperation in oil and gas exploration and production.
Canadian Natural Resources has finalized a strategic asset swap with Shell, gaining 100% ownership of the Albian mines and enhancing its capabilities in oil sands without any cash payment.
Canadian producer Imperial posted net income of CAD539mn in the third quarter, down year-on-year, impacted by exceptional charges despite record production and higher cash flows.
The US oil giant beat market forecasts in the third quarter, despite declining results and a context marked by falling hydrocarbon prices.
The French group will supply carbon steel pipelines to TechnipFMC for the offshore Orca project, strengthening its strategic position in the Brazilian market.
The American oil major saw its revenue decline in the third quarter, affected by lower crude prices and refining margins, despite record volumes in Guyana and the Permian Basin.
Gabon strengthens its oil ambitions by partnering with BP and ExxonMobil to relaunch deep offshore exploration, as nearly 70% of its subsea domain remains unexplored.
Sofia temporarily restricts diesel and jet fuel exports to safeguard domestic supply following US sanctions targeting Lukoil, the country’s leading oil operator.
Swiss trader Gunvor will acquire Lukoil’s African stakes as the Russian company retreats in response to new US sanctions targeting its overseas operations.
An agreement between Transpetro, Petrobras and the government of Amapá provides for the construction of an industrial complex dedicated to oil and gas, consolidating the state's strategic position on the Equatorial Margin.
The US company reported adjusted earnings of $1.02bn between July and September, supported by the refining and chemicals segments despite a drop in net income due to exceptional charges.
The Spanish oil group reported a net profit of €1.18bn over the first nine months of 2025, hit by unstable markets, falling oil prices and a merger that increased its debt.
The British group’s net profit rose 24% in Q3 to $5.32bn, supporting a new share repurchase programme despite continued pressure on crude prices.
Third-quarter results show strong resilience from European majors, supported by improved margins, increased production and extended share buyback programmes.
Driven by industrial demand and production innovations, the global petrochemicals market is projected to grow by 5.5% annually until 2034, reaching a valuation of $794 billion.
CNOOC Limited announced continued growth in oil and gas production, reaching 578.3 million barrels of oil equivalent, while maintaining cost control despite a 14.6% drop in Brent prices.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.