Outlook for North Sea Revenues Slashed
Sunday, January 26, 2014
With the outlook for revenues from the North Sea having been slashed, firms drilling for shale gas in the UK will get a massive tax break in an effort to boost exploration. In March 2013, the UK government forecast that £6.8 billion ($11.15 billion U.S.) would roll into Treasury coffers from North Sea levies, but that amount has since been cut back to £5 billion ($8.2 billion U.S.), and expectations downgraded for every year until 2018.
Propane Exports Dip from October
Sunday, January 26, 2014
Exports of propane from the U.S. dipped 2.7% in November compared to a month earlier, but still came in at a strong 12,307,471 bbl, off 335,090 bbl from October levels, according to the U.S. Department of Com­merce (DOC). At the same time, compared to November 2012, propane exports soared 76.1%, or by 5,316,773 bbl.
Propane Spot Markets Soar Again
Sunday, January 26, 2014
Both U.S. and Canadian spot markets for propane rocketed to unprecedented levels Thursday as cold temperatures and demand for fuel ran at an all-time high. Transportation constraints continued to plague the industry as marketers operated hand to mouth with limited supplies. Schools were reported closed in at least one state due to a lack of heat and some residential customers were using electric space heaters to stay warm.
ExxonMobil: All Forms of Energy Needed to Meet Demand
Sunday, January 26, 2014
The world will require all forms of energy over the next quarter century to meet a greater than one-third increase in demand that will be driven by population growth, improved living standards, and expanded urban­ization, according to ExxonMobil’s “Outlook for Energy: A View to 2040” report.
Modern Compass Improves Oilfield Productivity, Cuts Costs
Sunday, January 26, 2014
By using the earth’s magnetic field, combined with new innovative technology, oil and gas drilling com­panies are increasing oilfield productivity while reducing development costs and environmental impacts, reports the U.S. Geological Survey (USGS), a partner in implement­ing the technology.
COMMENTARY OMG
Sunday, January 26, 2014
A number of wholesalers had pulled their posted rack prices Thursday as price volatility and unprecedented demand continued to roil the propane markets. Principal postings, where available, have stretched higher by an astounding 15.5 to as much as 300 cents since Monday. Increases from 55 to more than 150 cents were common.


Chamber Leader Calls for Policies to Extend Prosperity
Sunday, January 26, 2014
U.S. Chamber of Commerce president and CEO Thomas J. Donohue declared in his recent annual “State of American Business” address that the American busi­ness climate is improving, but that despite some economic progress, he warned against policies and government actions that drive uncertainty. Donohue called for leader­ship to solidify the nation’s recovery, help generate stronger growth and job creation, and expand opportunity.
API Outlines Advocacy, Advertising Campaigns
Sunday, January 26, 2014
American Petroleum Institute (API) president and CEO Jack Gerard has outlined the institute’s advocacy and messaging priorities, issued a new report, and launched a new advertising campaign. The initia­tives were highlighted during Gerard’s “2014 State of American Energy” speech, which focused on the impact of future policy decisions on America’s energy revolution.
Truck Show 1 20
Sunday, January 26, 2014
Array of Autogas Vehicles Headed for Work Truck Show
Thursday Commentary 1 20
Sunday, January 26, 2014
Midwest Spikes

The big news was in the Midwest Thursday as postings spiked more than 20 cents in most cases following a 3.8-MMbbl inventory draw for the nation the week ended Jan. 10, 1.5 MMbbl of that at Conway, Kan. That left the Midwest hub with a total of only 11.5 MMbbl, with plenty of winter weather left to go.
Rest Break 1 20b
Sunday, January 26, 2014
FMCSA Publishes Guidance On 30-Minute Rest Break

The safety, regulations, and compliance consultancy J.J. Keller & Associates reports that the Federal Motor Carrier Safety Administration (FMCSA) has published regulatory guidance regarding the application of the hours of service 30-minute break rule for interstate drivers of commercial motor vehicles. FMCSA’s guidance addresses those who begin their duty days as short-haul drivers exempt from the break rule, but who occasionally exceed the short-haul distance or time limits.
Rest Break 1 20
Sunday, January 26, 2014
FMCSA Publishes Guidance On 30-Minute Rest Break

The safety, regulations, and compliance consultancy J.J. Keller & Associates reports that the Federal Motor Carrier Safety Administration (FMCSA) has published regulatory guidance regarding the application of the hours of service 30-minute break rule for interstate drivers of commercial motor vehicles. FMCSA’s guidance addresses those who begin their duty days as short-haul drivers exempt from the break rule, but who occasionally exceed the short-haul distance or time limits.
MoveOn 1 20
Sunday, January 26, 2014
MoveOn Launches National Effort to Ban Hydraulic Fracturing

MoveOn.org has launched an initiative to support 100 activist groups that are working to ban hydraulic fracturing in their communities. MoveOn has awarded $50,000 to the so-called “fracking fighters,” along with materials, training, and strategic support, the activist group said in a press release. The initiative seeks to slow down the hydraulic fracturing boom that is anticipated to occur across the U.S. in 2014 and beyond.
Mid Month 12 23
Sunday, January 26, 2014
Mid-Month to Mid-Month: Where’s the Market Headed?

With nary a minute to catch their collective breaths, propane dealers transitioned from strong crop drying demand to an Arctic Vortex that brought prolonged record-breaking temperatures to much of the nation. Without the time to replenish to their depleted supplies, many found themselves waiting in long lines for product, if it was to be had at all, and paying a higher-than-anticipated price. To say the least, this has been an indescribable period for many in the propane industry.
Inventory 1 20
Sunday, January 26, 2014
U.S. Propane Inventories Plunge 3.8 MMbbl
Front Page 1 20
Sunday, January 26, 2014
Midwest Spots Spike on Inventory Draw
Freeport LNG 1 13
Sunday, January 26, 2014
Freeport LNG, IFM Investors Sign Equity Agreement

Freeport LNG Expansion LP and IFM Investors have entered into an agreement to invest about $1.3 billion of equity funding for Freeport’s proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas. The project involves the development of three liquefaction trains.
Cold Refineries 1 20
Sunday, January 26, 2014
Arctic Temperatures Put Chill on Refinery Operations

Genscape, a global provider of data and intelligence for the commodity and energy markets, reports that as people throughout the U.S. continue to be affected by extreme cold temperatures, so do major oil refiners. Since Jan. 6, there have been four incidents at refineries directly linked to the cold weather.
Canada 1 20
Sunday, January 26, 2014
Canadian Inventories Post Steep Fall

Canadian propane inventories fell a sharp 24.1% in December compared to November levels, shedding 240.2 Mcm to stand at 756.2 Mcm—4.8 MMbbl—as of Jan. 1, according to the National Energy Board (NEB). In a year-over-year comparison, stocks were down a steeper 29.4%, or by 314.8 Mcm.
Calculator App 1 20
Sunday, January 26, 2014
Free Energy Calculator App Compares Costs, Emissions

The Propane Education & Research Council (PERC) has introduced a free energy calculator app that gives construction professionals and propane marketers a faster way to compare fuel emissions and heating costs. The app is now available as a free download for Apple and Android mobile devices.