Canada's primary underground propane inventories decreased by 11.56% in December, according to the Canada Energy Regulator. The total represented a month-to-month decrease of 210.3 Mcm. Compared to a year earlier, stocks were lower, with 73.4 Mcm, or 4.36%, less product on hand.
Propane storages in the West started December a bit lower at 1019.7 Mcm, which corresponds to 6.424 MMbbl, the agency reported. From November to December, volumes decreased by 118.3 Mcm, or 10.40%, and were 24.5 more the year prior's level of 995.2 Mcm.
(Jan. 4, 2024) — The United States Court of Appeals for the Ninth Circuit has denied the City of Berkeley, California, the chance to appeal a ruling against a gas ban the city put in place in July 2019. The ban applied to natural gas hookups in new construction, the first of its kind in the U.S.
The Baker Hughes United States rig count is down three from last week to 620, with oil rigs down three to 498, gas rigs up one to 120 and miscellaneous rigs down one to two. The U.S. rig count is down 159 rigs from last year's count of 779, with oil rigs down 124, gas rigs down 35 and miscellaneous unchanged at two. The U.S. offshore rig count is unchanged at 19, up four year-over-year.
Dublin (Dec. 19, 2023) — The "Global Remote Tank Monitoring Market — 6th Edition" report has been added to researchandmarkets.com's offering.
Neenah, Wis. — J. J. Keller & Associates Inc. announced that Robert L. Keller is retiring as chairman of the company's board of directors effective January 1, 2024, becoming chairman emeritus.
During the latest mid-month period, prices at Mont Belvieu, Texas, increased as we get deeper into winter. The posted prices increased 3.934 cents/gal, from November mid-month to December mid-month, and the spot prices increased 5.125 cents. Conway, Kan., postings increased 0.418 cents/gal, and spots increased 2 cents over the month.
Dover, Del. (Dec. 19, 2023) — Chesapeake Utilities Corporation announced today that its subsidiary, Sharp Energy, has acquired the propane operating assets of J.T. Lee and Son's in Cape Fear, North Carolina. Through this acquisition, Sharp Energy expands its customer base in North Carolina, including adding approximately 3,000 customers and distribution of approximately 800,000 gallons of propane annually.
Energy North, a local family-owned business, has announced the reopening of its gas station and convenience store location at 71 Essex St., Gloucester, Massachusetts, under its Haffner’s brand. Over the past several years, Haffner's worked to redevelop the property.
Haffner’s in Gloucester houses Sal's Pizza, Crack'd Coffee Bar, Beer Cave, and features the Mobil brand. The redeveloped property stands as the second oldest Mobil station in America.
San Diego (Dec. 14, 2023) — Oberon Fuels, a renewable fuels leader, has welcomed four new executives to help guide the company to new heights. The company hired its first Chief Financial Officer Ann Anthony and new Chief Operating Officer Derek Winkel to drive the company's rapid growth.
North Kansas City, Mo. (Dec. 12, 2023) — In a move that strengthens its position in the delivery of propane to New England, Alliance Energy Services LLC (AES) has successfully completed the acquisition of the Biddeford, Maine, rail and truck propane terminal from CHS Inc. This strategic investment marks a significant milestone for the company and underscores its commitment to provide safe, efficient and reliable energy solutions to customers in the Northeast.
Valley Forge, Pa. (Dec. 12. 2023) — UGI Corporation announced that Mario Longhi, incoming chair of the board of directors, has been named interim chief executive officer. Roger Perreault has stepped down as president and chief executive officer and as a member of the board, effective immediately.
Gray, Gray & Gray LLP, a consulting, accounting and business advisory firm headquartered in Canton, Massachusetts, has announced the retirement of longtime partner C. Joseph “Joe” Ciccarello, CPA, MST.
Ciccarello joined Gray, Gray & Gray in 1986 and was elected a partner in 1992. He served as the firm’s managing partner (now leading partner) from 2008-2017. During his tenure as managing partner, he spearheaded the acquisition of three accounting firms, helping Gray, Gray & Gray’s annual revenue more than double.
The natural gas liquids (NGLs) market is expected to grow by USD 19.62 billion from 2023 to 2028, according to Technavio. In addition, the growth momentum of the market will progress at a compound annual growth rate (CAGR) of 6.47% during the forecast period. Increasing renewable energy demand is notably driving the NGL market.
