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The Michigan-based corporation with a sprawling plant in Freeport reported a strong second quarter even though its sales dropped $12.9 billion, or 13 percent, from the same time last year under pressure from a global crude slump and a strong U.S. dollar.
Enterprise Products Partners completed the first phase of its LPG export terminal expansion, allowing the company to ship more supercooled propane to buyers overseas.
Opponents of Houston-based Crestwood Midstream’s project said at a news conference in Albany that it would endanger drinking water, the local economy and the region’s wine and tourism industry.
Increased U.S. exports of liquefied petroleum gas amid higher shale oil production will boost demand for ships that carry gases such as propane, butanes and ethane, according to the director of Latsco Shipping Ltd., said
The founder of Texas-based propane company CleanFUEL USA, which made news this year when it entered a major deal to supply UPS with 1,000 trucks and more than 50 fuel stations, explains why he sees promise in the alternative transportation fuel.
Even though flipping a coin has better forecasting skills than the dastardly groundhog, Punxsutawney Phil has unfortunately been on the money for this winter. Despite April on deck next week there is still snow on the ground (in more places than there should be), while our dearly beloved energy commodities have seen rampant demand, receding inventories, […]
The U.S. is poised to become the top exporter of liquified petroleum gas — more commonly known as propane or butane — within just a few years, officials with research analyst IHS said Monday.
Most people — especially Texans — know propane as the fuel source that allows them to fire up a backyard barbecue in seconds. Now it’s also heating up as an alternative motor fuel, as companies with vehicle fleets embrace its lower costs and smaller environmental footprint relative to gasoline or diesel.
As freezing weather drained stockpiles of propane to their lowest seasonal level in two decades on the U.S. East Coast this month, shivering New Englanders couldn’t tap abundant supplies sailing out of Texas. The reason? The Jones Act.
Phillips 66 is no longer betting its future on the massive refining business that made it the second-largest energy company in the world. Instead, it’s using refining, once its most profitable arm, as a cash cow to transform itself into a business that primarily operates energy transportation, storage and processing infrastructure.