Transitioned

By 2025 natural gas is expected to overtake coal as the second most used fuel worldwide and North America will have transitioned to become a net energy exporter, while by 2040 global energy demand will have increased by almost 35% from 2010 levels, according to ExxonMobil Corp.’s Outlook for Energy: A View to 2040, which was released last week.

By 2025 natural gas is expected to overtake coal as the second most used fuel worldwide and North America will have transitioned to become a net energy exporter, while by 2040 global energy demand will have increased by almost 35% from 2010 levels, according to ExxonMobil Corp.’s Outlook for Energy: A View to 2040, which wasreleased Tuesday.

By 2025 natural gas is expected to overtake coal as the second most used fuel worldwide and North America will have transitioned to become a net energy exporter, while by 2040 global energy demand will have increased by almost 35% from 2010 levels, according to ExxonMobil Corp.’s Outlook for Energy: A View to 2040, which was released Tuesday.

Houston-based Crimson Exploration Inc. said its Woodbine and Eagle Ford shale programs continue to enjoy success, contribution to second quarter production that was in the upper range of the company’s guidance.

Denver-based Bill Barrett Corp. last year grew reserves and production as it transitioned to a greater emphasis on oil and natural gas liquids over dry natural gas given weak prices for the latter, CEO Fred Barrett said Tuesday.

Struggling independent power producer Dynegy Inc. — which had transitioned from its early days as the Natural Gas Clearinghouse, one of the first large natural gas marketers — is being bought out by an affiliate of private equity behemoth The Blackstone Group LP for $4.7 billion ($542.7 million cash and the rest acquired debt).

Struggling independent power producer (IPP) Dynegy Inc. — which had transitioned from its early days as the Natural Gas Clearinghouse, one of the first large natural gas marketers — is being bought out by an affiliate of private equity behemoth The Blackstone Group LP for $4.7 billion ($542.7 million cash and the rest acquired debt).