The American Petroleum Institute (API) on Dec. 2 embraced the introduction of the Conservation Funding Protection Act. The legislation, introduced by Sen. John Kennedy (R-La.), would provide regulatory certainty and protect the permitting process for leases in the Western and Central Gulf of Mexico, ensuring the continued supply of billions of dollars in offshore oil and natural gas revenues to support national conservation programs that benefit all 50 states.
The American Petroleum Institute (API) released the following statement Dec. 7 in support of the Environmental Protection Agency’s (EPA) final proposal to maintain existing Particulate Matter (PM) National Ambient Air Quality Standards (NAAQS). EPA is required to review the standards every five years.

The decision follows EPA’s review of the scientific evidence underlying the criterion and is consistent with the recommendation of the agency’s independent Clean Air Scientific Advisory Committee, which voted 5-1 to retain the current standards.
According to the latest Baker Hughes Rig Count, released Dec. 4, the U.S. Rig Count was up three from the previous week to 323. Oil rigs were higher by five at 246, gas rigs were down two to 75, and miscellaneous rigs were unchanged at two.

The U.S. rig count was down 476 rigs from last year's count of 799, with oil rigs off by 417, gas rigs down 58, and miscellaneous rigs, again, down one.
The U.S. offshore rig count was one higher at 13, but down nine year-over-year.
Global shale production has taken a drastic hit in 2020, where shale oil is expected to drop by 11.7% year-on-year and shale gas production may see a 4.5% dip, according to projections by GlobalData, a data and analytics company. Market demand for oil and gas plummeted globally from March 2020, following the COVID-19 pandemic. The uncertainty in global energy demand will continue to weigh down oil prices and delay shale industry recovery, unless an effective vaccine is made available.

 

Employment in America’s oilfield services and equipment (OFS) sector rose slightly for a third month, adding an estimated 2665 jobs in November, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Petroleum Equipment & Services Association (PESA).
On Nov. 24, Enbridge Inc. filed a federal complaint in the U.S. District Court for the Western District of Michigan seeking an injunction to stop the State of Michigan from taking any steps to prevent the operation of Line 5. Enbridge also moved the complaint filed by the State against Line 5 on Nov. 13 in Michigan state court to the Federal Court.
As the world is aching to put an end to a devastating 2020, oil producers are now assessing the lasting effect of the pandemic into 2021—and in particular, the consequences of oil demand destruction to global balances, Rystad Energy reported Nov. 30. The existing OPEC+ group deal saved the market from collapsing earlier this year, but then COVID-19 came back with a second-wave vengeance.
ONEOK Inc. announced Nov. 23 its inclusion in the Dow Jones Sustainability World Index (DJSI World) and Dow Jones Sustainability North America Index (DJSI North America). Additionally, the midstream service provider and owner of one of the nation’s premier natural gas liquids (NGL) systems was named the DJSI Industry Leader for Oil and Gas Storage and Transportation.
The construction of a new propane-powered home is underway on Missouri’s beautiful Redfield Golf Course in Eugene, Mo. Inspired by his passion for golf, owner Jay Coakley is teed up to build an active Missourian’s dream home, powered by the clean, American energy of propane. In partnership with the Missouri Propane Education & Research Council’s (MOPERC) Propane HomePro program, the home will showcase the many benefits of living the propane lifestyle.
According to the latest Baker Hughes Rig Count, released Nov. 25, the U.S. Rig Count was up 10 from the previous week to 320. Oil rigs were up 10 to 241, gas rigs were up one to 77, and miscellaneous rigs were down one to two.

The U.S. rig count was down 482 rigs from last year's count of 802, with oil rigs down 427, gas rigs down 54, and miscellaneous rigs down one.
The U.S. offshore rig count was unchanged at 12, but down 10 year-over-year.
The Propane Education & Research Council (PERC) is calling for comment on a funding request. By rule, PERC must solicit comments before approving any proposed project costing $1.5 million or more.

Members of the propane industry and the public are invited to comment on this funding request: “Docket 22771-Commercialization of a High-Efficiency, High-Performance, Low NOx Medium Duty Propane Engine for $12 million.”
S&P Global and IHS Markit announced Nov. 30 they have entered into a definitive merger agreement to combine in an all-stock transaction that values IHS Markit at an enterprise value of $44 billion, including $4.8 billion of net debt. The transaction brings together two world-class organizations, a unique portfolio of highly complementary assets in attractive markets, and cutting-edge innovation and technology capability to accelerate growth and enhance value creation.
RegO (Elon, N.C.), a provider of advanced valves and controls for liquid and gas in LPG, LNG, cryogenic, and industrial gas industries, has expanded its network of wholesale distributors in the Northeastern United States. RegO’s complete product portfolio of LPG regulators, valves, and tank fittings is now available from distributors Tarantin Industries, R.E. Michel Co., and The Granite Group, with a combined total of more than 100 stocking locations throughout New England, New York, New Jersey, and Pennsylvania.
Paraco Gas (Rye, N.Y.) completed the acquisition of F.M. Popovich & Sons Inc. (Ashland, Maine) on. Oct. 14, and marked the retirement of former owners, Fred and Hildegard Popovich. The Popovich family business, founded by Fred and Wilma Popovich in 1946, grew to serve approximately 850 propane customers. Paraco is also a family- owned and -operated business, and has been servicing Worcester County, Mass., since 2007.
The Cavagna Group (Somerset, N.J.) has added F.W. Webb Co. (Bedford, Mass.) as its newest distributor in North America. F.W. Webb Co. is a family-owned and -operated distributor covering 16 disciplines including propane, natural gas, heating, plumbing, HVAC, and PVF (pipe, valves, and fittings). It has more than 85 locations throughout nine states in the Northeast.
Most members of the propane industry are aware of the benefits that propane autogas delivers, such as cost savings, operational advantages, and lower emissions. These benefits have been presented recently through the Propane Education & Research Council's (PERC) Let’s Talk webinar series, Autogas Refuel newsletter, and resources on propane.com.
Canada’s primary underground propane inventories increased by 1.5% in October to start November at 2411.4 Mcm, the equivalent of 15.2 MMbbl, according to the Canada Energy Regulator (CER). The total represented a slight month-to-month gain of 35.0 Mcm.
The Nov. 20 U.S. rig count fell by two rigs to 310 over the week. Oil rigs were off by five to 231, gas rigs were up three to 76 rigs, and miscellaneous rigs continued unchanged at three.

The U.S. rig count was down 493 rigs from last year's count of 803. Oil rigs were down by 440, gas rigs were off by 53, and miscellaneous rigs were unchanged.

The U.S. offshore rig count decreased by one unit for a total of 12, and was 10 rigs less year-over-year.
The Canada Energy Regulator (CER) reports that underground inventories of specification propane in Canada reached a record high for Oct. 1, 2020, at 2.376 million cubic meters (Mcm), or 14.9 MMbbl. The largest inventory was in western Canada, Alberta and Saskatchewan, which had 1.489 Mcm, or 9.4 MMbl, putting it 44% above the five-year average. Inventories in Ontario were 37% higher than the five-year average at 887,000 cu meters, or 5.6 MMbbl. Inventories in western Canada and Ontario were both considerably higher than inventories reported on Oct.
Michigan Gov. Gretchen Whitmer and Department of Natural Resources (DNR) director Dan Eichinger notified Enbridge Nov. 13 that the 1953 easement allowing it to operate dual pipelines in the Straits of Mackinac to transport petroleum and other products is being revoked and terminated. They also filed a lawsuit asking the Ingham County Circuit Court to recognize the validity of this action.