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October 2, 2012
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News for and about the propane industry

  Top Story 
  • Study: Global LPG markets shift focus to U.S. amid shale boom
    The global attention on LPG supplies has shifted from the Middle East to the U.S. as shale natural gas resources continue to abound in the U.S., according to a study by FACTS Global Energy. The boom in shale gas resources "changed the game, for both gas and gas liquids," FGE said in the study. The study projects that LPG exports in the U.S. will grow to about 10 million tons by 2020. Oil & Gas Journal (subscription required) (10/1) LinkedInFacebookTwitterEmail this Story
  Market Intelligence 
  • Warm weather hits Ferrellgas with $10.8 million loss
    Warm weather was a negative factor as Ferrellgas Partners lost $10.8 million during the fiscal year that ended July 31, the company announced. The company's loss per unit, 14 cents, was an improvement from the previous year's per-unit loss of 60 cents, and analysts at Zachs Equity Research said it was a sign that the company had taken the right steps to control costs. Ferrellgas' propane sales declined by 2% in volume to 878 million gallons. American City Business Journals/Kansas City, Mo. (10/1), Zacks (10/2) LinkedInFacebookTwitterEmail this Story
  • Colo., Okla. governors to announce results of CNG-vehicles bid
    Colorado Gov. John Hickenlooper and Oklahoma Gov. Mary Fallin will announce on Thursday the preliminary results of their initiative to boost the use of vehicles that run on compressed natural gas. Hickenlooper said the move will foster fuel diversity in the transportation sector. "Americans want more options when it comes to transportation fuels. Compressed natural gas is a technology that works today. It's clean, affordable, abundant and we produce it right here at home," he said. American City Business Journals/Denver (10/1) LinkedInFacebookTwitterEmail this Story
  Research & Development 
  • Honeywell to invest $525 million to expand gas-processing offerings
    Honeywell International will buy a 70% stake in Tulsa, Okla.-based Thomas Russell for $525 million in a move that boosts Honeywell's offerings in natural gas processing, the company announced Monday. "The deal makes sense as it is taking place at a fairly cheap price and increases Honeywell's exposure to a fast-growing end market," said Credit Suisse Group analyst Julian Mitchell. FuelFix.com (10/1) LinkedInFacebookTwitterEmail this Story
  • Utica Shale to boost downstream wages, add indirect jobs
    Shale natural gas drilling in the Utica Shale is expected to bring jobs in other fields, experts say. Wage growth is also expected in chemical manufacturing. "I think as we see the downstream side grow, as we see [natural gas] become more applicable to our daily lives, in those occupations that can be affected by the downstream side. That's where I think we'll see sustainable wage growth," said Robbie Matesic, an Ohio county economic-development official. The News-Messenger (Fremont, Ohio) (10/1) LinkedInFacebookTwitterEmail this Story
 
  • Shell exec says setback won't hamper Arctic drilling goals
    Royal Dutch Shell is confident it will be able to move ahead with its Arctic exploration project despite encountering a major setback to its plan last month. Damage to a key oil-spill response system prompted the company to limit drilling to "top hole" work. "I think you can hear the enthusiasm in my voice, both for what's been accomplished this year and what we will do moving into 2013," said Marvin Odum, president of Shell Oil. SeattlePI.com/The Associated Press (9/30) LinkedInFacebookTwitterEmail this Story
  Safety & Training 
  • Federal officials investigate Okla. refinery explosion
    Officials are investigating an explosion at CVR Energy's Wynnewood Refining in Oklahoma that killed one worker and injured another Friday. The Department of Labor said it could take months for investigators to determine the cause of the blast. "They will go out to the site to determine violations, if any, and the cause of the incident. Every case is different. It could take weeks; it could take months. Citations and possibly fines will be issued if violations are found," said Elizabeth Todd, a spokeswoman for the department. Google/The Associated Press (10/1) LinkedInFacebookTwitterEmail this Story
  Leadership & Management 
  • For super-employees, promotions can be like kryptonite
    Every boss fears that their star workers will leave them, and promotions can sometimes exacerbate that concern, writes Martha Finney. To hang on to your best employees for as long as possible, acknowledge that they won't be around forever, and keep them happy and fulfilled by offering ways to improve their skills and marketability. "Maybe the best way to keep a star is to set up an exit strategy," Finney writes. SmartBrief/SmartBlog on Leadership (9/28) LinkedInFacebookTwitterEmail this Story
  PERC News 
  • PERC Opens Green Fleet Expo Today
    The Propane Education & Research Council will share today and tomorrow the green and economic benefits of propane autogas for vehicle fleets at the Green Fleet Conference & Expo at the Renaissance Schaumburg, Ill., Convention Center Hotel. PERC will be in booth 112 displaying such propane-fueled vehicles as the Ford E-350 shuttle express van, a GM 4500 Cutaway truck, and a Chevy Suburban, along with a 2011 EnviroGard commercial lawn mower. Learn more about the Green Fleet Conference. LinkedInFacebookTwitterEmail this Story
  • Safety Modules Help Keep Customers Safe as Weather Changes
    With the weather turning cooler it's time for marketers to prepare to share season-appropriate safety modules from the Propane Education & Research Council. The module "Using Space Heaters Safely" provides a number of tips on the proper use of propane-fueled space heaters and can be viewed in about 10 minutes. View the space-heater safety module. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Even if you're on the right track, you'll get run over if you just sit there."
--Will Rogers,
American performer, humorist and critic


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About PERC
The Propane Education & Research Council promotes the safe, efficient use of odorized propane gas as a preferred energy resource. The Council was authorized by Congress with the passage of the Propane Education and Research Act (PERA), October 11, 1996.

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