Tuesday, August 13, 2019
(August 13, 2019) — The Associated Press (AP) reports that the Internal Revenue Service (IRS) has been beset by loads of amended excise tax forms submitted by refiners over the past few years. That industry has gained a heightened appreciation of butane, a liquefied petroleum gas and a byproduct of the crude oil refining process. Refiners maintain it qualifies as an alternative fuel under the 2005 surface transportation law. Therefore, it is eligible to receive a 50-cents-per-gallon tax credit, even when it is blended in gasoline.
Wednesday, August 7, 2019
(August 7, 2019) – Fossil fuels—petroleum, natural gas, and coal— have accounted for at least 80% of energy consumption in the U.S. for well over a century, writes the Energy Information Administration (EIA). Overall energy consumption in the nation reached a record-high in 2018 at 101 quadrillion Btu, of which more than 81 quadrillion Btu were from fossil fuels. Despite the increase, the fossil fuel share of total U.S. energy consumption in 2018 rose only slightly from 2017 and was the second-lowest since 1902.
Monday, August 5, 2019
(August 5, 2019) — The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The strait is the world’s most vulnerable oil chokepoint because of the large volumes of crude that flow through it, writes the Energy Information Administration (EIA). In 2018, the strait’s daily oil flow averaged 21 MMbbld, or the equivalent of about 21% of global petroleum liquids consumption.
Wednesday, July 31, 2019
(July 31, 2019) — Quarles Petroleum (Fredericksburg, Va.), a regional provider of residential and commercial fuel, recently announced it has acquired the commercial and residential propane business of PAPCO Inc. Quarles said it will transition PAPCO customers into its service centers in southeastern and central Virginia. Quarles clarifies that PAPCO is divesting only its propane business, and will continue to operate its fuel business based in Virginia Beach, Va.
Friday, July 26, 2019
The National Propane Gas Association (NPGA), citing weekly stock reports by the Energy Information Administration, observes in its June summary that propane inventories continue to show an increasing separation compared to the volume levels seen in 2017 and 2018 at the same time of year—and a return to the higher supplies the U.S. experienced before the most recent wave of export terminals began operating.
Monday, July 22, 2019
(July 22, 2019) — The U.S. and global LPG markets will remain partitioned until new export capacity enables more North American product to reach Asia and other markets, according to ESAI Energy’s newly published Global NGL 12-Month Outlook, and as reported by Hydrocarbon Engineering. And the relinking of North America and the world market has bullish implications for Mont Belvieu NGL prices and U.S. export volumes.
Thursday, July 18, 2019
A proposed construction project to build an ethane cracker in eastern Ohio has taken a step forward, reports Kallanish Energy. Engineering giant Bechtel Corp. (Reston, Va.) has been hired by Thailand’s PTT Global Chemical America and its South Korea-based partner, Daleim, to build the $6-billion facility. A final investment decision has yet to be made.
Monday, July 15, 2019
(July 15, 2019) — A much-enumerated, singular anchor strike has mushroomed into a casus belli. Michigan’s governor, the state’s top law enforcement official, and their political and environmental supporters demand the expedited shutdown of Calgary-based Enbridge Inc.’s Line 5 pipeline beneath the Straits of Mackinac.
Friday, July 12, 2019
Ohio Gov. Mike DeWine met in June with Gov. Gretchen Whitmer of Michigan to express his concerns regarding her plans for decommissioning or replacing Enbridge Inc.’s (Calgary) Line 5 pipeline. Meanwhile, Lt. Gov. Jon Husted traveled to Toledo to meet with employees at Toledo Refining. The pipeline traverses the Straits of Mackinac and serves several refineries in northwest Ohio.
Tuesday, July 9, 2019
Land Line Magazine, the official publication of the Owner-Operator Independent Drivers Association (OOIDA), reports that Federal Motor Carrier Safety Administration (FMCSA) Administrator Ray Martinez recently testified before a Senate Committee that he expects the agency’s notice of proposed rule-making for revised hours-of-service (HOS) regulations to be published soon. He did not, however, provide a date.
Monday, July 8, 2019
(July 9, 2019) — Gas producers active in the Utica Shale play, both big players and those with smaller operations, have seen sharp spikes in output over the past several years, reports S&P Global Platts, citing speakers at June’s Hart Energy DUG East conference in Pittsburgh. Ascent Resources, (Oklahoma City), one of the dominant participants in the Utica, has seen a dramatic ramp-up in production since it began drilling in earnest about three years ago, Ascent CEO Jeff Fisher said.
Monday, July 8, 2019
Calgary-based Enbridge Inc. has filed a legal action with the Michigan Court of Claims to establish the constitutional validity and enforceability of agreements signed between the company and the state of Michigan. The action relates to the construction and operation of a tunnel underneath the Straits of Mackinac to house a replacement for Enbridge’s Line 5 pipeline.
Monday, July 1, 2019
An Upper Peninsula state senator in Michigan has slammed Gov. Gretchen Whitmer’s executive order to explore alternatives to meeting the region’s propane needs without Enbridge Inc.’s (Calgary) Line 5, arguing on the floor of the senate there are “no viable alternatives,” reports Michigan Live.
Monday, June 17, 2019
(June 17, 2019) — Superior Plus Corp. (Toronto) said June 10 it is considering the sale of its specialty chemicals business, which operates under the trade name ERCO Worldwide. Superior Plus added that given the significant growth opportunities in its U.S. energy distribution business, and the potential benefits of it becoming a pure play energy business focused on retail propane distribution, it had retained Barclays Capital Canada Inc. to assist with a potential sale of the specialty chemicals segment.
Wednesday, June 12, 2019
(June 12, 2019) — AltaGas (Calgary) said May 28 that the first export cargo departed its new terminal bound for Asia on May 23. The company’s new Ridley Island Propane Export Terminal (RIPET) is located in Prince Rupert, B.C. and is the first marine export terminal in Canada. The facility began introducing propane feedstock in mid-April.
Monday, June 10, 2019
Enterprise Products Partners LP (Houston) is extending its ethylene pipeline and logistics system further into South Texas, a leading growth area for new crackers and ethylene derivative plants. The Baymark ethylene pipe- line will originate in the Bayport area of southeast Harris County and extend about 90 miles to Markham, Texas in Matagorda County.
Friday, June 7, 2019
Enbridge Inc. (Calgary) said in late 2019 it could have a previously approved but subsequently contested tunnel project built and operational by early 2024, earlier than the more conservative 10-year timeframe that had been expected, the Associated Press reports. The tunnel would run beneath the Straits of Mackinac, a 4-mile-wide waterway that links Great Lakes Huron and Michigan, and would house Enbridge’s Line 5 replacement.
Thursday, June 6, 2019
The International Energy Agency’s (IEA) May oil market report observed that despite the difficult geopolitical situation and other supply problems, oil prices were little changed from a month earlier. Noted was that ongoing geopolitical concerns around Libya, Iran, and Venezuela had been joined by attacks on shipping off Fujairah and on two pumping stations in Saudi Arabia. But at the time of the report’s writing there were no disruptions to oil sup- plies and prices remained little changed.
Thursday, June 6, 2019
Flexible U.S. LNG contracts are helping to create a global, commoditized spot market and are transforming project financing models, writes S&P Global Platts, citing the American Petroleum Institute (API). The U.S. could become the world’s third-largest LNG exporter by the end of this year, after Qatar and Australia, and is bringing “unprecedented” options for pricing and contract terms to the market, API policy officer Dustin Meyer tells the market intelligence provider.
Wednesday, June 5, 2019
ExxonMobil (Irving, Texas) is investing up to $100 million over 10 years to research and develop advanced, lower-emission technologies in partnership with the U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory and National Energy Technology Laboratory.
The agreement, among the largest between DOE’s laboratories and the private sector, will support research and collaboration into ways to bring biofuels and carbon capture and storage to commercial scale across the transportation, power generation, and industrial sectors.
The agreement, among the largest between DOE’s laboratories and the private sector, will support research and collaboration into ways to bring biofuels and carbon capture and storage to commercial scale across the transportation, power generation, and industrial sectors.
Wednesday, June 5, 2019
The Bismarck Tribune reports that North Dakota is courting the petrochemical industry with a new tax incentive aimed at adding value to the state’s abundant natural gas supply. A bill approved in the recent legislative session adds a sales tax exemption for certain natural gas processing facilities. The goal is to produce a supply of ethane, propane, and other products that could attract a plastics manufacturing plant to North Dakota.
Wednesday, June 5, 2019
Consolidated Edison Inc., or Con Edison, the largest utility provider in the New York City area and one that serves 10 million customers, called a moratorium on new natural gas connections in most of Westchester County effective March 16. The Energy Information Administration (EIA) comments that demand for natural gas in the region has increased in recent years, leading to concerns about reliability of service.
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