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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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Tuesday, 03 March 15
INDIAN THERMAL COAL IMPORTS: STEAMING FORWARD - CLARKSONS
Coal-fired power stations comprise around 60% of India’s power output, and with domestic supply issues and favourable international coal pric ...
Tuesday, 03 March 15
Q4' FOB INDONESIA COAL SWAP CLOSED 2% LOWER COMPARED TO Q2 CLOSING PRICE OF $ 47.47
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 rose month on month and declined week over week.
The Q2 swap increased US$ 2.24 ...
Tuesday, 03 March 15
FOB RICHARDS BAY COAL SWAPS: Q2 UP 9.60%; Q3 UP 9.75% W-O-W
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 surge month over month and week on week.
The Q2 swap has soared US$ 5 ...
Monday, 02 March 15
CFR SOUTH CHINA COAL SWAP FOR Q2 DELIVERY REACHED $ 57.50 PMT W/E 27 FEB 2015
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 1.37 (+2.44%) per MT month over month and declined US$ 0.42 ...
Monday, 02 March 15
BORYEONG POWER PLANT OF KOMIPO TO IMPORT 140K OF SUB-BITUMINOUS COAL FOR Q2
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids from coal producers, marketing companies, or traders to supply of 140,000 (70 ...
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- Mercuria Energy - Indonesia
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- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
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- The University of Queensland
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- Thai Mozambique Logistica
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- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
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- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
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- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Australian Coal Association
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
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