Propane Industry News

The natural gas liquids (NGLs) market is expected to grow by USD 19.62 billion from 2023 to 2028, according to Technavio. In addition, the growth momentum of the market will progress at a compound annual growth rate (CAGR) of 6.47% during the forecast period. Increasing renewable energy demand is notably driving the NGL market.

Briggs & Stratton Energy Solutions has been recognized by the California Public Utilities Commission as a California manufacturer of energy storage systems (ESS). The company is one of only five manufacturers to receive this designation in the state. With this recognition, California residential and commercial customers can now take advantage of an additional 20% Self-Generation Incentive Program (SGIP) savings on the cost of their Briggs & Stratton ESS systems.

S&P Global Commodity Insights, a global independent provider of data, insights, analysis and benchmark prices for the commodities, energy and energy transition markets, honored industry excellence in 21 performance categories and winners from nearly a dozen countries at the Platts Global Energy Awards gala held at the Cipriani Wall Street in downtown New York City.

Chesapeake Utilities Corporation recently announced the completion of the acquisition of Florida City Gas, which is now a wholly-owned subsidiary of the company. This transaction represents an expansion of Chesapeake Utilities' footprint in the dynamic and high-growth market of Florida, encompassing five of the top 10 most populous counties. By more than doubling Chesapeake Utilities' customer base and natural gas infrastructure in the state, the company is positioned for substantial future growth.

Dallas (Nov. 16, 2023) — Energy Transfer LP has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for 4 million barrels per month. The HOA is subject to the negotiation and execution of definitive agreements and the satisfaction of other conditions, including Energy Transfer taking a final investment decision.

The Baker Hughes United States rig count is up three from last week to 625 with oil rigs up five to 505, gas rigs down one to 116 and miscellaneous rigs down one to four.

The U.S. rig count is down 159 rigs from last year's count of 784 with oil rigs down 122, gas rigs down 39 and miscellaneous up two.

The U.S. offshore rig count is unchanged at 21, up three year-over-year.

Baker Hughes Canada Rig Count Down 5 to 192

The Canada rig count is down five from last week to 192, with oil rigs down two to 122, and gas rigs down three to 70.

London (Dec 7, 2023) — The Energy Industries Council (EIC), the world leading energy trade association, has released its latest country report focusing on the United States. The 55-page report provides a deep exploration of the United States' dynamic energy sector and explores the impact of the Inflation Reduction Act.

New Braunfels, Texas (Nov. 13, 2023) — Mopeka, a provider of sonar tank monitoring solutions, unveiled an innovative addition to its communication protocols. This enhancement involves the integration of Globalstar's satellite connectivity to extend the capability of Mopeka's existing suite of options, which includes Bluetooth, WiFi and Global 4G LTE networks. This expansion empowers Mopeka's clientele with a cost-effective and highly reliable means of connecting to their sensors, regardless of their location anywhere in the world.

Paris (Dec. 1, 2023) — The cost of support measures for the production and consumption of fossil fuels increased sharply in 2022, as countries sought to cushion the impact of surging energy prices on households and firms, according to analysis released by the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA).

The OPEC Fund for International Development (OPEC Fund) is launching new initiatives and strengthening partnerships at the UN Climate Change Conference COP28 in Dubai, United Arab Emirates. 

Cetane Associates (“Cetane”) has announced that Dead River Company has acquired Roby’s Propane Gas, a propane and distillates delivery business headquartered in West Wareham, Massachusetts. The transaction was completed on November 14, 2023.

Knowledge may be the best defense companies have against the risk of violations, accidents, injuries and legal litigation in areas regulated by FMCSA, DOT, OSHA, EPA, DOL and more. It’s also the inspiration behind the new Live Regulatory Update Service from J. J.

During the latest mid-month period, prices at Mont Belvieu, Texas, decreased as we head into winter. The posted prices decreased 6.834 cents/gal, from October mid-month to November mid-month, and the spot prices decreased 7.25 cents. Conway, Kan., postings decreased 8.833 cents/gal, and spots decreased 7.625 cents over the month.

Canada's primary underground propane inventories increased by 1.56% in November, according to the Canada Energy Regulator. The total represented a month-to-month increase of 27.9 Mcm. Compared to a year earlier, stocks were lower, with 73.7 Mcm, or 3.89%, less product on hand. 

Farmington Hills, Mich. (Nov. 14, 2023) — Mary Aufdemberg, general manager of product strategy and market development for Daimler Trucks North America (DTNA), will deliver the Green Truck Summit keynote address at Work Truck Week on March 5, 2024.

Dallas (Nov. 3, 2023) — Energy Transfer LP announced the completion of its previously announced merger with Crestwood Equity Partners LP. The merger was approved by Crestwood unitholders at its special meeting of unitholders held on Oct. 30, 2023. Effective with the opening of the market on Nov. 3, 2023, Crestwood’s common units and preferred units ceased trading on the New York Stock Exchange.