Canada's primary underground propane inventories increased by 34.57% in July, according to the Canada Energy Regulator (CER). The total represented a month-to-month increase of 302.9 Mcm. Compared to a year earlier, stocks were lower, with 330.1 Mcm, or 21.87%, less product on hand.
During the latest mid-month period, prices at Mont Belvieu continued to decrease in the summer. The posted prices decreased 4.5 cents/gal, from June mid-month to July mid-month while the spot prices decreased 9.875 cents. Conway, Kan., postings ended with a 4.35-cent decrease and spots decreased 9 cents over the month.
BIRMINGHAM, Ala. (July 18, 2022) — Butane-Propane News is pleased to announce the 10 finalists of its inaugural class of the BPN 2022 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:
SACRAMENTO (JULY 14, 2022) — Following a comprehensive search and interview process, the Western Propane Gas Association (WPGA), a leading association for clean alternative propane energy, is proud to announce that Colin Sueyres has been selected as the next president and chief executive officer of the 73-year-old organization.
Paducah, Kentucky (July 7, 2022) — Rural Computer Consultants announced its acquisition of Propane Management Systems from DCC Propane LLC, effective June 30, 2022.
Specializing in support and service for over 40 years, the acquisition of PMS will allow RCC to continue to innovate the industry.
VANCOUVER, British Columbia (July 11, 2022) — Westport Fuel Systems Inc. announced that it has been awarded a program to develop and supply liquefied petroleum gas (LPG) systems for a number of vehicle applications for a global original equipment manufacturer (OEM). The deal is forecasted to provide €38 million in revenue through the end of 2025, with production expected to begin in Q4 2023.
RICHLAND, Wash. & BOISE, Idaho (July 5, 2022) — Christensen Inc. has announced the acquisition of United Oil, a distributor with operations based in southern Idaho.
The addition of United Oil strengthens Christensen's distribution network in one of the fastest-growing markets in the country.
WHIPPANY, NJ (July 11, 2022) — Suburban Propane Partners L.P. announced the appointment of President and CEO Michael Stivala to t
MEDFORD, Wis. (July 7, 2022) — Medford Cooperative announced the purchase of the Clark C-Store located in Stetsonville, Wisconsin, and the Stetsonville Oil Bulk Fuel Operations located in Medford, Wisconsin. The tire and auto business is not a part of the sale and will continue operations at a new location within Stetsonville. The transition of ownership is expected to take place in July.
KENT, Conn. (July 7, 2022) — Cetane Associates LLC announced that TexNJ Energy LLC (DBA Weaver Fuels) of Allentown, Pennsylvania, has acquired the business operations of Apgar Oil Co. Inc., a full-service heating fuels delivery business, and Apgar’s discount brand, Thrifty Fuel, also located in Allentown. The transaction closed on June 30.
MISSOURI (July 5, 2022) — The Missouri Propane Safety Commission (MPSC) announced that Derek Poe has been appointed executive director effective July 7, 2022.
SAN DIEGO (June 30, 2022) — Oberon Fuels has joined both the World Biogas Association (WBA) and&
WASHINGTON (June 22, 2022) — What sustainable solutions do you want to see at your school?
Lee, Mass. (June 22, 2022) — Ray Murray Inc. (RMI) announced that on June 10, Mike Hopsicker was elected as treasurer of the National Propane Gas Association (NPGA).
RICHLAND, Wash. (June 27, 2022) — Christensen Inc. has announced that it has been selected as the winner of the 2022 Phillips 66 Innovation Award. At the Phillips 66 customer conference held in Las Vegas, Nevada, in early June, Christensen was recognized for its ongoing commitment to developing cutting-edge technology solutions in the wholesale distribution and retail fuel industry.
MONTREAL (June 29, 2022) — Otodata Holdings Inc. has announced that it has acquired AIUT's LPG branch, a supplier of IoT ecosystems for the global liquefied petroleum gas (LPG) remote monitoring and metering market. For over 15 years, they have been cooperating with companies in the global LPG market by equipping their customers with advanced data readout, monitoring, metering and analysis solutions.
HOUSTON (June 27, 2022) — MRC Global Inc., a leading global distributor of pipe, valves, fittings and infrastructure products and services to diversified energy, industrial and gas utilities end-markets, today announced the appointment of Emily Shields as senior vice president — sustainability and assistant general counsel.
The United States Energy Information Administration (EIA) forecasts that a variety of U.S. energy prices will remain historically high through 2023, including oil, natural gas, coal and electricity, according to EIA’s June 2022 "Short-Term Energy Outlook (STEO)".
During the latest mid-month period, posted prices at Mont Belvieu continued to decrease in the summer, while spots rose. The posted prices decreased 2.667 cents/gal, from May mid-month to June mid-month while the spot prices increased 3.625 cents. Conway, Kan., postings ended with a 2.95-cent decrease and spots increased 2 cents over the month.
WASHINGTON (June 20, 2022) — The Propane Education & Research Council (PERC) is hosting a new webinar focused on Forklift Safety as part of its Propane Presents Technology Series beginning at 2 p.m. Eastern on Thursday, June 23.
Canada's primary underground propane inventories increased by 60.33% in June, according to the Canada Energy Regulator. The total represented a month-to-month increase of 336.4 Mcm. Compared to a year earlier, stocks were lower, with 225.5 Mcm, or 20.14%, less product on hand.
SILER CITY, N.C. (June 16, 2022) — Sharp Energy Inc., a division of Chesapeake Utilities Corporation, has completed the acquisition of the Siler City, North Carolina, propane distribution business from Davenport Energy Inc. of Chatham, Virginia.
