During the latest mid-month period, prices at Mont Belvieu continued to increase as we get further from winter. The posted prices increased 9.083 cents/gal, from January mid-month to February mid-month while the spot prices increased 10.125 cents. Conway, Kan., postings ended with a 6.65-cent increase and spots increased 8 cents over the month.
KENT, Conn. (Feb. 17, 2022) – Cetane Associates LLC is pleased to announce that F. F. Hitchcock Oil Co., LLC of Cheshire, Conn. has acquired Roberts Energy, LLC’s residential heating oil delivery business, marketed under the trade name Superior Fuel (along with its companion brand Amodeo Fuel) based in Waterbury, Conn. The transaction closed on Jan. 10, 2022.
Canada's primary underground propane inventories decreased by 30.76% in February, Canada Energy Regulator (CER). The total represented a month-to-month decrease of 470 Mcm. Compared to a year earlier, stocks were lower, with 613.6 Mcm, or 36.71%, less product on hand.
NATIONAL — The United States Energy Information Administration (EIA) forecasts that the Brent crude oil price will average $90 per barrel in February and nearly $88 per barrel for the first half of this year. In its February Short-Term Energy Outlook (STEO), EIA estimates that commercial oil inventories in the OECD fell to their lowest levels since mid-2014, which has contributed to current high prices.
EIA increased its Brent crude oil price forecast for 2022 by nearly 11% in its February STEO update.
Valley Forge, Pennsylvania (Feb. 15, 2022) — UGI Corporation announced that its subsidiary, AmeriGas Propane, the nation’s largest retail propane marketer, has entered into an agreement with Global Clean Energy Holdings Inc. to purchase and distribute renewable LPG. AmeriGas will leverage its supply and logistics infrastructure and sales and marketing teams to market and distribute renewable LPG to new and existing customers primarily in the state of California.
A total of 74 billion-dollar deals were undertaken in the oil and gas industry last year, compared to only 40 in 2020, says GlobalData. The data and analytics company notes that oil price recovery encouraged companies to undertake more high-value deals to push forward their growth plans. The largest deal in terms of value for 2021 was announced toward the end of the year, when prices were at multi-year highs. It involved the proposed $13.9 billion acquisition of North Sea operator Lundin Energy by Aker BP.
Hamilton, Ohio (Feb. 15, 2022) — OPW, a global leader in fluid-handling solutions, announced today that it has named Mike Lucas as the new vice president and general manager for its Clean Energy Solutions (CES) business.
CHICAGO — Chicago, Illinois-based Energy Distribution Partners (EDP) announced that Daniel Dixon has joined the company as vice president of corporate development.
WASHINGTON (Feb. 9, 2022) — During Winter Storm Uri almost a year ago and countless other power disruptions created by severe weather, propane has continually proven to be a reliable source of primary and backup power for homes and businesses.
DAVENPORT, Iowa & CLINTON, Iowa (Jan. 14, 2022) — River Valley Cooperative, headquartered in Davenport, Iowa, and Eastern Iowa Propane & Petro LTD. announced that they had signed an agreement for River Valley Cooperative to acquire the assets of Eastern Iowa Propane & Petro, LTD. River Valley Cooperative is expected to complete the acquisition by April 15, 2022.
Kansas City, Miss. (Feb. 3, 2022) — Baty Otto Coronado Scheer PC (formerly Baty Otto Coronado PC) has expanded its legal practice in Springfield, Missouri, adding two seasoned trial attorneys and members of their staff whose work aligns with the firm’s core practices in construction, transportation, products liability, professional liability, and insurance litigation.
Rye Brook, N.Y. (Feb. 7, 2022) – Paraco Gas has appointed long-time employee Andrew Mirchin to director of market development, expanding his sales responsibilities to mergers and acquisitions.
Wisconsin (February 2022) — Legacy Energy Consulting announced they recently facilitated the successful sale of Strobel Propane Gas, located in Kewaskum, Wisconsin, to Cole Oil & Propane located in Lomira, Wisconsin.
The National Propane Gas Association announced it has secured an extension of the current emergency declaration by the Federal Motor Carrier Safety Administration for 42 states.
NPGA’s advocacy was built on information from propane marketers, transport operations, weather predictions, COVID-19 infection rates, and valuable outreach by state and regional trade association executives.
(Feb 2, 2022) —The Air Conditioning Technology program at Southern Regional Technical College (SRTC) recently received a $5000 grant from the national Propane Education & Research Council (PERC). PERC is a not-for-profit organization operated and funded by the propane industry that provides, supports, and promotes propane safety, training, and education programs.
Ocean Springs, Miss. (Feb. 3, 2022) — Blossman Gas Inc. acquired three propane companies in 2021: Coastal Gas Services in Outer Banks, North Carolina, Dolphin Gas in Miami, Florida, and Ford’s Propane in North Myrtle Beach and Loris, South Carolina, and Bolivia, North Carolina.
Coastal Gas Services was founded in 1994; Dolphin Gas opened in 1958; and Ford’s Propane has been doing business since 1923. Blossman Gas will retain employees from each of the acquisitions.
KENT, Conn. (Feb. 1, 2022) — Cetane Associates LLC is pleased to announce that Skylands Energy Service Inc. of Raritan, New Jersey has acquired the full-service energy supply business of M.J. Neill Inc., located in Bernardsville, New Jersey. The transaction closed on Jan. 18, 2022.
LANCASTER, Penn. (Feb. 2, 2022) – Cargas is excited to announce a new promotion on its Cargas Energy customer support team.
Pamela Morrissey, formerly the customer support manager for the Cargas Energy business unit, is promoted to director of energy support. In her new position, Morrissey leads the company's customer and technical support teams in addressing questions and concerns about Cargas software.
FREDERICK, Md. (Feb. 1, 2022) — ThompsonGas LLC, headquartered in Frederick, Maryland, announces it has been awarded $439,125 in funding for an alternative fuel vehicle and infrastructure project to reduce greenhouse gas emissions in Pennsylvania.
This grant is part of the Pennsylvania Department of Environmental Protection (DEP) wherein more than $2.7 million in Alternative Fuel Incentive Grants (AFIGs) are to be awarded to 18 cleaner fuel transportation projects statewide.
CHICAGO — Chicago, Illinois-based Energy Distribution Partners (EDP) has promoted Kathy Johnson to vice president of human resources (HR). Johnson joined EDP in 2018 with more than 20 years of human resource leadership experience across a variety of industries.
HOUSTON (Jan. 27, 2022) — Lummus Technology announced it has been awarded a contract by CCC-JV, a joint venture of China Petroleum Pipeline Engineering Co., Ltd., China Petroleum Pipeline Bureau Co., Ltd., and China Petroleum Engineering & Construction Corporation, for a gas processing plant featuring its proprietary NGL-MAX and NGL fractionation technologies.
In its efforts to implement best practices in organizational development and succession management, Omega Flex has evaluated the future short and long-term needs for the success of its business at the senior levels of the organization. Omega Flex reported that the board of directors has approved the following organizational changes, which are effective immediately.
