mineral exploration project – commodity prices – mining stock- trade and market

Two recent reports suggest that the alternative fuel of choice over the next 20 to 30 years won’t be nuclear, coal, oil, wind or solar – but rather,
natural gas.

A recent article in the Wall Street Journal highlighted the fact that, even before the recent discovery of very large so-called “unconventional” reserves not easily recovered, natural gas had a number of clear advantages compared to other sources of energy.

First, compared to other carbon-based fuels such as oil, natural gas produces half the CO2, has none of the waste disposal problems associated with nuclear,...

The energy giant is teaming up with partners in a liquefied natural gas project in Papua New Guinea to supply China, Japan and Taiwan.

Exxon Mobil and its partners approved development of a $15 billion Papua New Guinea liquefied natural gas venture, the country’s biggest resource project, to supply the cleaner-burning fuel to China, Japan and Taiwan.

Exxon Mobil and its partners approved Tuesday the development of a $15 billion liquefied natural gas venture in Papua New Guinea to supply fuel to China, Japan and Taiwan.

The project is to be the country’s biggest natural resource development.

Construction is to begin in 2010 after the companies complete agreements with their customers and financing arrangements with lenders, said Exxon, which is the largest U.S. oil company.

The number of rigs drilling for natural gas in the United States climbed by four this week to 725, according to a report on Friday by oil services firm Baker Hughes in Houston.

The U.S. natural gas drilling rig count has gained in 12 of the last 14 weeks after bottoming at 665 on July 17, its lowest level since May 3, 2002, when there were 640 gas rigs operating.

Pioneer Natural Resources Company today announced a significant discovery in the Eagle Ford Shale in South Texas. The Sinor #5 well, which is located in Live Oak County, Texas, flowed at an initial rate of approximately 11.3 million cubic feet of natural gas equivalent per day (approximately 8.3 million cubic feet of natural gas per day and...