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2 HOURS AGO - San Francisco Chronicle

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US rig count down 17 to 1,896

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell 17 this week to 1,896. The Houston firm said Friday in its weekly report that 1,564 rigs were exploring for oil and 330 for gas.

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14 HOURS AGO - San Francisco Chronicle

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Coal gas boom in China holds climate change risks

[...] the plants will also release vast amounts of heat-trapping carbon dioxide, even as the world struggles to curb greenhouse gas emissions and stave off global warming. If all of the plants start up, the carbon dioxide they'd release would equal three-quarters of all energy-related carbon emissions in the U.S., according to U.S. government data and energy experts from Duke ...

Tags: Coal gas boom in China holds climate change risks,  Natural Gas Latest News

18 HOURS AGO - WorldNetDaily

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China's natural gas demand set to triple by 2040

(OilPrice) China’s demand for natural gas will more than triple over the next 25 years, according to a new report from the U.S. Energy Information Administration. Natural gas demand in China is projected to hit 17.5 trillion cubic feet (tcf) in 2040, a greater than three-fold increase from the 5.2 tcf of demand in 2012. There [...]

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AUG 21, 2014 - Forbes

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3 Key Trends Driving Our $107 Price Estimate For Exxon Mobil

Liquids have generally become more profitable to produce than natural gas because of higher price realizations. Last year, Exxon sold liquids at an average price of around $95 per barrel, compared to just around $41 realized per barrel of oil equivalent of natural gas. This is the reason why the company has been trying to improve the proportion of liquids ...

Tags: 3 Key Trends Driving Our $107 Price Estimate For Exxon Mobil,  Natural Gas Latest News

AUG 21, 2014 - San Francisco Chronicle

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TVA board votes to retire Memphis coal plant

CEO Bill Johnson said the $975 million, 1,000-megawatt natural-gas fired plant will significantly cut emissions of carbon dioxide and gases that cause smog, while providing power to about 580,000 homes. Tougher environmental regulations and cheaper natural gas prices in recent years have prompted utilities in several states to move to cleaner-burning gas. The TVA's plans to shut down two coal-fired ...

Tags: TVA board votes to retire Memphis coal plant,  Natural Gas Latest News