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Showing results for Amerigas Propane, Inc.
...UGI, the owner of the largest US propane retailer, reported that its AmeriGas cylinder exchange service reached record volumes in the fiscal year that ended in September....
...In 2007, BP agreed to pay $303m to settle charges of manipulating the US propane market....
...“I guess they don’t like it if you ship things with propane,” he said. “We will just get some vans and people and deliver it to you.”...
...When China last week set out a list of US exports threatened with retaliatory tariffs, almost all fossil fuels were covered, including oil, coal and liquefied petroleum gases such as propane....
...Chevron said mechanical issues with a propane refrigeration unit, which is used to chill natural gas and turn it into a liquid, were to blame for the shutdown just three weeks after Gorgon’s first LNG export...
...The approach differs from the one BP took in 2007, when it agreed to pay $303m to settle charges of US propane market manipulation just 16 months after a case was filed....
...Enron famously tampered with the California energy markets and BP paid $300m in 2007 to settle propane market manipulation claims. To be fair, corporate cases are still quite rare....
...Commercial companies have often been targeted in CFTC price manipulation cases, from BP in propane to Sumitomo in copper....
...For example, in the $2.9bn sale of the propane operations of Energy Transfer Partners (ETP) to AmeriGas Partners, two MLPs, the two parties wanted a deal structure that would deliver ETP a significant amount...
...Last October AmeriGas acquired Energy Transfer’s propane operations for $2.9bn....
...(NYT Dealbook) - Propane as a transport fuel in NGL-abundant US? (Reuters) - John Gapper: Perhaps Prince Alwaleed should focus on the philanthropists’ club....
...The business relies on supplies of natural gas liquids such as ethane and propane more than the “dry” gas that is turned into LNG....
...It has built up attractive positions in North American shale gas and natural gas liquids such as ethane and propane, and also has developments off the coasts of Indonesia, Malaysia and Vietnam....
...Also on Monday, Energy Transfer sold its propane operations to AmeriGas for $2.9bn....
...boom, unlocking large new reserves of oil and gas through improvements in horizontal drilling and hydraulic fracturing, has led to a surge in production of natural gas liquids (NGLs), such as ethane and propane...
...The business then launched with clearing of OTC commodity contracts, including biodiesel, propane, ethanol and rapeseed oil....
...The CFTC’s biggest ever enforcement action was in 2007, a $303m settlement with BP for charges of manipulating propane markets....
...AmeriGas Propane, FerrellGas, Heritage Operating and Inergy Propane allege BP cornered the propane market in 2004 and artificially inflated heating costs for millions of Americans....
...Chevron’s strategy is in sharp contrast to BP’s defence against charges of failings across its US operations following a major leak in Alaska, a fatal refinery explosion in Texas and a propane trading scandal...
...In itself, the propane settlement means little financially for a company that has a market capitalisation of about $240bn....
...Though the Old Order Amish do not use electricity, the kitchen has a refrigerator powered by propane....
...Earlier this year, it was accused of price-fixing in the propane market, and last year 15 BP workers were killed in an explosion at the group’s Texas City oil refinery....
...Earlier this year, it was accused of price-fixing in the propane market and last year 15 BP workers were killed in an explosion at the group’s Texas City oil refinery....
...BP faces criminal and regulatory investigations and a possible grand jury inquiry after a fatal refinery fire in Texas City, a major pipeline spill in Alaska and accusations of improper trading in the propane...
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