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Saturday, 14 February 15
SHALE GAS AND TIGHT OIL ARE COMMERCIALLY PRODUCED IN JUST FOUR COUNTRIES - EIA
KNOWLEDGE TO ELEVATE
The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil). The United States is by far the dominant producer of both shale gas and tight oil.
Canada is the only other country to produce both shale gas and tight oil. China produces some small volumes of shale gas, while Argentina produces some small volumes of tight oil. While hydraulic fracturing techniques have been used to produce natural gas and tight oil in Australia and Russia, the volumes produced did not come from low-permeability shale formations.
The four countries producing commercial volumes of shale gas and tight oil all increased output in 2014, and in all four countries, natural gas and crude oil production from shale and tight formations grew at a faster rate last year than production from non-shale and non-tight formations.
- In the United States, a large portion of shale gas production growth has occurred in the Appalachian Basin's Marcellus Shale. In the Marcellus region, dry natural gas production has more than tripled in the past three years, from an average of 4.8 billion cubic feet per day (Bcf/d) in 2011 to an average of 14.6 Bcf/d in 2014. A large portion of tight oil production has come from Western Gulf Basin's Eagle Ford and from the Williston Basin's Bakken Shale. In the Bakken region, oil production in 2014 averaged 1.1 million barrels per day (bbl/d), more than 2.5 times greater than the 2011 average of 0.4 million bbl/d.
- In Canada, tight oil production doubled between 2011 and 2014, from 0.2 million bbl/d to 0.4 million bbl/d. Most Canadian tight oil production comes from Alberta and Saskatchewan. The same is true of Canadian shale gas production, which increased from 1.9 Bcf/d in 2011 to 3.9 Bcf/d as of May 2014, when including production from the Montney formation (natural gas produced in the Montney formation is considered non-shale gas production by the Canadian National Energy Board, but is included in the Canadian shale gas production total).
- In China, Sinopec and PetroChina have reported commercial production of shale gas from fields in the Sichuan Basin. Their combined shale gas output has reached 0.163 Bcf/d, or 1.5% of total natural gas production.
- In Argentina, tight oil production comes mainly from Vaca Muerta’s Neuquen Basin. National oil company YPF, partnering with Chevron, is producing about 20,000 barrels of tight oil per day from the Loma Campana area.
Notable shale resource exploration efforts are underway in several countries, including Algeria, Australia, Colombia, Mexico, and Russia. However, commercial shale development of the type demonstrated in the United States requires the ability to rapidly drill and complete a large number of wells in a single productive geologic formation. The logistics and infrastructure necessary to support this level of activity, including the drilling and completion processes, the manufacturing of drilling equipment, and the distribution of the final product to market are not yet evident in countries other than the United States, Canada, China, and to some extent, Argentina. Other above the ground factors such as ownership of mineral rights, taxation regimes, and social acceptance also play a role in decisions regarding the development of shales and other tight resources.
Principal contributor: Faouzi Aloulou | EIA
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Wednesday, 18 March 15
Q2 INDONESIAN COAL SWAP DROP 1.45% M-O-M; GAIN 0.63% W-O-W
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 drop month on month and gained week over week.
The Q2 swap fell US$ 0.70 (1.45%) ...
Tuesday, 17 March 15
GAS TO CHALLENGE COAL IN THE ASIAN POWER GENERATION MIX - WOOD MACKENZIE
KNOWLEDGE TO ELEVATE
Wood Mackenzie says that coal is facing increasing competition from gas in the power sector. Coal has dominated as the fu ...
Tuesday, 17 March 15
RIO TINTO PAID US$ 7.1 BILLION IN TAXES IN 2014
COALspot.com: Rio Tinto has published its latest Taxes paid report, detailing the US$7.1 billion in taxes paid by the company around the world in 2 ...
Tuesday, 17 March 15
NEARLY 17% OF US COAL PRODUCTION UNECONOMIC AT CURRENT MARKET PRICING - WOOD MACKENZIE
COALspot.com: Close to 17% of forecast 2015 US coal production is at risk of idling or closure, totalling 162 million short tons (Mst), as these mi ...
Tuesday, 17 March 15
Q3' SA COAL SWAP CLOSED $57.30 PMT W/E 13 MARCH
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and gained week on week.
The Q2 swap has fe ...
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- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- VISA Power Limited - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Australian Coal Association
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- McConnell Dowell - Australia
- Videocon Industries ltd - India
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