Canada's primary underground propane inventories increased by 5.14% in October, according to the Canada Energy Regulator. The total represented a month-to-month increase of 90 Mcm. Compared to a year earlier, stocks were lower, with 182.2 Mcm, or 9.01%, less product on hand.
During the latest mid-month period, prices at Mont Belvieu, Texas, decreased as we get further into fall. The posted prices decreased 21.5 cents/gal, from September mid-month to October mid-month while the spot prices decreased 21.375 cents. Conway, Kan., postings ended with a 21.25-cent decrease and spots decreased 20.75 cents over the month.
Energy Distribution Partners (EDP) has announced the acquisition of Harbor Point Energy Products headquartered in Frankfort, New York.
Harbor Point Energy, which was founded in 2007, provides a full range of energy products and services to nearly 6,000 customers across seven counties in East Central New York. Principal owner John DesJardins has a long history in the energy industry and will remain with the company to spearhead the transition. All Harbor Point employees will join EDP.
The United States Energy Information Administration (EIA) expects most U.S. households will pay more to heat their homes this winter. In its "2022 Winter Fuels Outlook," EIA forecasts higher U.S. residential energy prices compared with last winter, as well as higher consumption of heating fuels during what is forecast to be a slightly colder winter than last year.
WASHINGTON D.C. (Oct 10, 2022) — Green LG Energy S.r.l. (Milano, Italy) and BioLPG LLC (Washington, D.C.) announced the signing of a major agreement that increases funding for further development of the GTI Energy renewables-sourced, green liquefied petroleum gas (bioLPG) Cool LPG technology and for preparation of bioLPG production at scale within the next few years. GLGE has a near-term goal of contributing to decarbonization of Italian and European sourcing of vitally needed LPG.
HUNTERSVILLE, N.C. (Oct. 10, 2022) — On Oct. 7 2022, ONYX Systems LLC celebrated National Propane Day by announcing its engine technology expansion plan roadmap.
It is with deep sadness that the team at LifeGuard Technologies announces the passing of Chairman and Director of Engineering Joseph H. Abrams on Sept. 25, 2022.
SANDUSKY, Ohio and PITTSBURGH (Oct. 3, 2022) — On Sept. 30, Sandusky, Ohio-based Civista Bancshares Inc. announced the signing of a definitive stock purchase agreement pursuant to which Civista will acquire all of the issued and outstanding shares of Pittsburgh-based Vision Financial Group Inc. (VFG), a leading privately held, independent, full-service general equipment leasing and financing company. The transaction was closed on the anticipated date of Oct. 3, 2022.
KENT, Conn. (Oct. 6, 2022) — Cetane Associates LLC has announced that Dead River Company LLC, northern New England’s largest full-service home heating provider, with a corporate office based in South Portland, Maine, has acquired the distillates, propane and HVAC service business of Scott Energy Co. Inc., based in Gloucester, Massachusetts. The transaction closed on Aug. 16, 2022.
VANCOUVER, British Columbia (Sept. 30, 2022) — Westport Fuel Systems Inc. announced the resignation of its chief financial officer (CFO), Richard Orazietti, for personal reasons. Orazietti will continue in his capacity as CFO until Nov. 30, 2022, following the release of Westport’s third quarter 2022 results, to ensure a smooth transition and the seamless transfer of duties and responsibilities.
BROOKNEAL, Va. (Oct. 5, 2022) — One week after Hurricane Ian made landfall in Florida, Foster Fuels' emergency fueling operation has grown to over 100 trucks and personnel active in supporting the relief efforts.
TOLEDO, Ohio (Oct. 5, 2022) — Bergquist Inc., an industry leader in wholesale propane equipment distribution, announced today the addition of tank monitor sales specialist, Kim Keil.
WASHINGTON (Oct. 3, 2022) — The Propane Education & Research Council (PERC) is observing the inaugural National Propane Day on Oct. 7, 2022.
COLUMBUS, Ohio (Sept. 28, 2022) — Worthington Industries, Inc. announced the release of its 2022 Corporate Citizenship and Sustainability Report, reflecting on the company’s progress and performance metrics in several key areas, including culture, citizenship, corporate governance, environmental protection and innovation.
LAWRENCE, Mass. (Sept. 22, 2022) — Energy North Group is proud to announce Kevin Jackson as its new vice president of wholesale.
NATIONAL (Sept. 23, 2022) — Women in Propane (WIP), an official business council of the National Propane Gas Association (NPGA), is looking to propel the propane industry further with a new podcast titled "Through the Leadership Lens."
WASHINGTON (Sept. 27, 2022) — The Propane Education & Research Council (PERC) is encouraging propane autogas fleet operators to take advantage of the Alternative Fuel Tax Credit, which was recently passed by the U.S. Congress as part of the Inflation Reduction Act, 2022.
KENT, Conn. (September 27, 2022) — Cetane Associates LLC is pleased to announce that Colby & Gale Inc., a corporation based in Damariscotta, Maine, has acquired the propane, distillates and HVAC service business of M.W. Sewall Inc., headquartered in Bath, Maine. The transaction closed on Sept. 20, 2022.
Superior Plus Propane’s vice president of operations support, Marc Schoone, passed away on Aug. 28, 2022, at the age of 47 due to a recent illness.
Lock America Inc. of Corona, California, has announced that Robert Chen has been named as the company’s new national sales manager.
Synergy Commodity has announced the hiring of Arthur Ravo as senior advisor. Ravo has more than 32 years of experience in propane supply and hedging with Paraco Gas Corp. Ravo will utilize his experience to serve propane clients and to win new business.
Chicago, Illinois-based Energy Distribution Partners (EDP) announced that John Casper has joined the company as chief financial officer (CFO).
