Post Tagged with: "Propane"

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UGI Subsidiary Closes on Columbia Midstream Deal

By Tyler Losier, Energy Reporter, Oil & Gas 360

UGI Energy Services completes acquisition of TC Energy subsidiary Columbia Midstream
UGI Energy Services LLC, a subsidiary of UGI Corporation (stock ticker: UGI), has completed its previously announced acquisition of the

New Crackers Creating Demand for Ethane and Propane, along with Growing NatGas Exports, Could Push Petrochem Plants from NatGas to Oil Feedstocks: McKinsey

New Crackers Creating Demand for Ethane and Propane, along with Growing NatGas Exports, Could Push Petrochem Plants from NatGas to Oil Feedstocks: McKinsey

Beginning a transition of the petrochem industry over the next 12 years

From McKinsey

Location has been the key to success in petrochemicals: playing in emerging markets and accessing cheap feedstock. As the industry shifts, companies will have to work …

February 26, 2018 - 12:15 pm Closing Bell Story‎, Energy News
More PetroChem Plants: PetroLogistics II Formed with $500 Million Initial Commitment

More PetroChem Plants: PetroLogistics II Formed with $500 Million Initial Commitment

Quantum Energy Partners and Stonecourt Capital LP have announced the formation of PetroLogistics II LLC, with founders David Lumpkins and Nathan Ticatch.

PetroLogistics II, headquartered in Houston, Texas, plans to continue the strategy of its predecessor, PetroLogistics Company LLC. The …

Rendering of the future Heartland Complex

Inter Pipeline Building a $3.5 Billion Propane to Plastics Plant with Help From Canadian Govt.

Incentives to draw PetroChem developers was Alberta’s royalty credits

Inter Pipeline Ltd. (ticker: IPL) is getting help from the Canadian Government to build a world-scale integrated propane dehydrogenation (PDH) and polypropylene (PP) plant with a price tag of $3.5 billion.…

American Midstream Partners Selling Propane Business, Redeploying Capital

American Midstream Partners Selling Propane Business, Redeploying Capital

In a $170 million cash transaction, American Midstream Partners (ticker: AMID)—which provides natural gas and oil gathering, processing, and transmission—has agreed to sell its propane business to SHV Energy. The sale includes American Midstream’s service locations, cylinder exchange program, and …

AltaGas Announces Positive FID on Ridley Island, Canada’s First Opportunity to Ship its Propane Directly to Asia

AltaGas Announces Positive FID on Ridley Island, Canada’s First Opportunity to Ship its Propane Directly to Asia

Canadian advantage:  Ridley Island’s planned 1.2 MMTPA capacity will allow Western Canada’s producers to sell propane to Asia from B.C. with transit time of 10 days vs. 25 days from U.S. Gulf coast

AltaGas Ltd. (ticker: ALA) announced a positive …

Freeport Up and Running: Phillips 66 Ships First LPG Cargo Abroad

Freeport Up and Running: Phillips 66 Ships First LPG Cargo Abroad

In another little milestone heralding the acceleration of U.S. energy exports, Phillips 66 (NYSE: PSX) said that Friday it loaded its first contracted LPG cargo on the Commander, a very large gas carrier (VLGC) that departed the Freeport, Texas, terminal …

December 19, 2016 - 6:40 pm Closing Bell Story‎, Downstream, Oil and Gas 360 Articles
El Nino Sucks the Wind out of Electricity, Propane and Heating Oil Demand

El Nino Sucks the Wind out of Electricity, Propane and Heating Oil Demand

Electricity Demand for Heating Down 6% Nationwide in 2015

Above-average winter temperatures caused by a strong El Nino pushed total U.S. heating degree days (HDD) to their lowest point in at least the last eight years. Fewer cold days meant …

April 25, 2016 - 4:40 pm Closing Bell Story‎, Oil and Gas 360 Articles
Range Resources to Benefit from Mariner East 1 Startup

Range Resources to Benefit from Mariner East 1 Startup

Range expects annual uplift of $90 million in net cash flow once all three pipelines are online

Range Resources (ticker: RRC) has always prided itself on optionality and takeaway capacity, and the commissioning of the Mariner East 1 pipeline is …

U.S. Propane Inventories Reach All-Time High

U.S. Propane Inventories Reach All-Time High

Seasonal builds began six weeks early in 2015

EIA Propane Inventories

U.S. inventories of propane and propylene reached 97.7 million barrels as of September 11, the highest level in the 22 years that the Energy Information Administration (EIA) has collected weekly propane inventory …

September 21, 2015 - 5:02 pm Chart of Week, Oil and Gas 360 Articles