BIRMINGHAM, Ala. (Aug. 1, 2023) — Butane-Propane News has announced the 10 finalists of its 2023 class of the BPN Industry Innovators.
BPN Industry Innovators was designed to recognize the propane movers and shakers who are working every day to grow and improve the industry. The 10 finalists selected for this year's class are:
The National Propane Gas Association (NPGA) has announced the creation of the Renewable Fuels Committee (RFC). The RFC was established by NPGA’s executive committee and exists to foster discussions of renewable fuels at a national level.
According to NPGA’s website, the RFC “aims to oversee NPGA activity related to renewable fuels that will drive market growth and take steps toward lowering the carbon intensity of fuels delivered by propane marketers.” This includes prioritizing incentives, along with other advocacy activities.
The Baker Hughes United States rig count is down six from last week to 669 with oil rigs down seven to 530, gas rigs down two to 131 and miscellaneous rigs up three to eight. The U.S. rig count is down 89 rigs from last year's count of 758 with oil rigs down 69, gas rigs down 24 and miscellaneous up four. The U.S. offshore rig count is unchanged at 18, up two year-over-year.
VANCOUVER (July 19, 2023) — Volvo Group and Westport Fuel Systems Inc., a supplier of advanced alternative fuel delivery systems and components for the global transportation industry, have signed a non-binding letter of intent to establish a joint venture to accelerate the commercialization and global adoption of Westport's HPDI fuel system technology for long-haul and off-road applications.
Ferrellgas Partners L.P. recently celebrated its 25th anniversary of the formation of the company’s employee stock ownership plan (ESOP). The company is a leading propane logistics company, one of the world’s largest propane retailers, and is operating under the Blue Rhino brand, the nation’s leading propane tank exchange provider.
Canada's primary underground propane inventories increased by 46.45% in July, according to the Canada Energy Regulator. The total represented a month-to-month increase of 368 Mcm. Compared to a year earlier, stocks were lower, with 18.8 Mcm, or 1.59%, less product on hand.
During the latest mid-month period, prices at Mont Belvieu, Texas, increased as we head deeper into summer. The posted prices increased 6.75 cents/gal, from June mid-month to July mid-month, while the spot prices increased 6.5 cents. Conway, Kan., postings ended with a 5.25-cent increase and spots increased 5.5 cents over the month.
The United States Energy Information Administration (EIA) forecasts record-high natural gas consumption in the U.S. for electricity generation in July and August as another hot summer increases demand for air conditioning.
In its July "Short-Term Energy Outlook" (STEO), EIA expects about 4% more U.S. electricity generation from natural gas in July and August 2023 than in the same months of 2022.
The Baker Hughes United States rig count is up six from last week to 680, with oil rigs down five to 540, gas rigs up 11 to 135 and miscellaneous rigs unchanged at five.
The U.S. rig count is down 72 rigs from last year's count of 752, with oil rigs down 57, gas rigs down 18 and miscellaneous up three.
The U.S. offshore rig count is unchanged at 19, up two year over year.
NEW MILFORD, Conn. (July 11, 2023) — Cetane Associates has announced that Dead River Company has acquired full-service home heating Augusta Fuel Company, headquartered in Augusta, Maine. The transaction closed on June 27, 2023.
TIFTON, GA (July 6, 2023) — Conger LP Gas President and CEO Dan Richardson and Lattice Energy Solutions and Ag Solar Solutio
P3 Propane Safety and FuelMor announced that FuelMor propane software has begun the process of integration with the P3 Compliance System.
FuelMor offers an economic, browser-based software as a service solution with easy-to-use back office, routing and delivery capabilities for propane marketers of all sizes.
VALLEY FORGE, Pa. (June 12, 2023) — UGI Corporation announced that Kathleen Shea Ballay was appointed general counsel and chief legal officer, effective June 12. Monica Gaudiosi has retired as UGI’s vice president, general counsel, and secretary, but will remain with the company until mid-July to assist with the transition.
OTTAWA (June 30, 2023) — Carbon tax projections show that low-emission propane will continue to be the best option for heating in Atlantic Canadians’ homes, says the Canadian Propane Association.
“Because propane, like natural gas, has much lower emissions than furnace oil, it is taxed less. As a result, the carbon tax on propane under the federal fuel charge on July 1 will be 7 cents a liter less than furnace oil. By 2030, the difference will be about 19 cents per liter,” said Shannon Watt, president and CEO of the Canadian Propane Association.