Propane.pro
AmeriGas CEO to Retire Next Month
The man who heads the country’s biggest propane marketing company will step down on March 2. Eugene Bissell has led AmeriGas Propane Inc., the general partner of AmeriGas Partners LP, as CEO and president since being promoted 11 years ago. But in a statement last week the company confirmed Bissell, 58, would retire in less [...]
Read More »
Warm Winter Kills Energy Sales
The warmest winter on record since 1950 is good news for homeowners who are paying lower winter heating bills than last year. But the unseasonably mild temperatures are hurting energy companies, many of which are laying off staff because of slow business, walb.com reports. And in a bitter irony, some propane suppliers are warning they could [...]
Read More »
Propane Dips on Warmer Weather
Warmer weather and a tough operating environment have weighed on the first quarter financial results of another major propane company. Suburban Propane Partners, LP, has issued its results for the three months to December 31. Company spokesman Mike Dunn said many areas of the country had experienced record warm temperatures so far this heating season [...]
Read More »
Propane Stocks Fall But Demand Still Weak
National propane stocks tumbled nearly two million barrels last week but inventories are in good health thanks to a relatively warm winter and weak demand. The average residential per gallon price of propane nudged slightly higher in the last week but relative prices are only 5 cents a gallon higher than at the same time [...]
Read More »
Automotive Workers Trained in Propane Safety
A Virginia organization that helps vehicle fleets switch to clean-burning propane is launching a new scheme to ensure the safe maintenance and repairs of propane autogas vehicles. As more American fleets hit the road with alternative fuel, US automotive workers need the technical expertise to safely and effectively maintain them, marketwatch.com reports. So Virginia Clean [...]
Read More »
Warm Weather Weighs on Propane Sales
Warmer weather and sluggish demand for heating fuel has seen one of the nation’s retail propane giants post lower first-quarter sales figures. AmeriGas Propane Inc, general partner of AmeriGas Partners LP, reported net income of $42.5 million for the first fiscal quarter of 2012 – compared with $74.9 million for the same period last year, [...]
Read More »
Maine Fuel Tank Promoters Fight Back
A national propane wholesaler which plans to build a giant liquid propane tank in Maine has gone on a PR offensive to correct what it labels misinformation being spread by project opponents, bangordailynews.com reports. DCP Midstream has opened a campaign headquarters in Searsport to promote plans for a $40 million propane terminal that includes a [...]
Read More »
NGL Announces New Propane Acquisition
One of the country’s propane majors has announced plans for another acquisition deal that would expand its reach and customer base into the lucrative New England region. Delaware-based NGL Energy Partners LP has signed an agreement with North American Propane Inc. (NAP) to acquire assets in Massachusetts, Maine, Connecticut, New Hampshire, Rhode Island, Pennsylvania, Delaware, [...]
Read More »
Propane Inventories Continue Slide
Propane inventories continue their seasonal slide, posting a 1.1 million barrel decline in the last week, with prices residential nudging slightly higher. Figures released Thursday by the US Energy Information Administration show total reserve propane stock fell to 53.2 million barrels in the week to January 13 – the equivalent of 38 days’ supply. A year [...]
Read More »
Propane Safety Tips Released
A mild start to winter has helped cut demand for propane as folks use less fuel to keep warm. The unseasonable temperatures are good news for propane customers and have forced the Energy Information Administration to lower its winter price forecast, nasdaq.com reports. Propane users in the Midwest and Northeast are tipped to see lower [...]
Read More »
Landmark Propane Deal Gets Green Light
A landmark deal in which the country’s biggest propane retailer will double is customer base has won approval from the Federal Trade Commission (FTC), Bloomberg reports. AmeriGas Partners LP can proceed with its proposed $2.8 billion purchase of Energy Transfer Partners LP’s Heritage Propane, the commission announced last week. However a condition of the sale [...]
Read More »
Consumer Watchdog Issues Propane Grill Recall
Federal regulators have issued a recall alert for more than 4500 O-Grill portable propane grills because the barbecues pose a potential fire hazard, upi.com reports. The gas appliances are manufactured by Uni-O Industries Corp in China. The Consumer Product Safety Commission (CPSC) said the grills could leak propane and ignite. It said the Chinese firm [...]
Read More »
Ferrellgas Boss Makes Propane Hall of Fame
The man who heads one of the country’s biggest propane retailers has been elected into the newly launched Propane Hall of Fame. It may not have the sexiness of its rock and roll equivalent, but to industry players the Propane Hall of Fame is like making the cover of the Rolling Stone. It was developed [...]
Read More »
Propane Inventories Take Further Slide
US propane inventories have fallen for the fifth straight week to continue their seasonal draw with residential prices edging slightly higher. Figures released by the US Energy Information Administration show national propane reserves shrunk by one million barrels in the week ending December 30. There are now 55.2 million barrels of propane gas in storage [...]
Read More »
NGL Energy Announces Major Acquisition
One of the country’s major propane retailers has just completed a $30.5 million-plus acquisition to extend its reach into the western states, thestreet.com reports. In a statement this week, NGL Energy Partners LP announced it had acquired the assets of Pacer Propane (“Pacer”) in exchange for $30.5 million in cash plus net working capital and [...]
Read More »
Ammonia Contaminates Propane Deliveries
Propane companies in Southwest Missouri are replacing customers’ gas tanks after propane deliveries were accidentally contaminated with ammonia, auroraadvertiser.net reports. The concerns emerged after a trucking company failed to properly clean a tanker that had previously been used to haul anhydrous ammonia, a liquid chemical frequently used as fertilizer. The tanker was then contracted by [...]
Read More »
Weed Flamers Could Cut Organic Food Costs
Blasting weeds with propane-powered flames could see an end to expensive pesticides and revolutionize the organic food sector if a new agricultural invention proves successful. Researchers at the University of Nebraska say a local company is interested in building trial weed flaming equipment and organic producers in the state have already tested the system on [...]
Read More »
Propane-Powered Vehicles Hit EPA Milestone
Propane conversion specialist Alliance Autogas now has EPA certification to covert more than 200 vehicles to clean-burning propane gas. Alliance Autogas uses the Prins vapor and liquid injection technology ssystem for propane conversions. Reaching the 200 vehicle milestone means fleet managers and private vehicle owners now have a huge array of makes and models to [...]
Read More »
AmeriGas Announces Senior Executive Appointments
The nation’s largest propane retailer has named its new president and chief executive who will assume control of the energy company from next year, marketwatch.com reports. As reported earlier on Propane.Pro, AmeriGas Propane. Inc. boss Eugene V.N. Bissell will retire in spring after 30 years’ service to the industry. AmeriGas Partners is the nation’s largest [...]
Read More »
Controversial Call for Changes to CT Propane Tank Regs
Connecticut lawmakers have renewed calls to end state regulations that prohibit propane tank refueling by anyone other than a tank’s owner, Stamford.patch.com reports. Most home propane tanks are owned by the gas supplier. So the state regulation forces homeowners to buy propane from a single gas company and stops gas customers seeking lower rates elsewhere. [...]
Read More »