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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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Sunday, 15 February 15
BALTIC DRY INDEX CONTINUALLY DIPPED IN RED
COALspot.com: The Baltic Dry Index continues its decline and fell 5.18 pct to 530 points week on week due to falling commodity prices and declining ...
Friday, 13 February 15
U.S. WEEKLY COAL PRODUCTION SHOWS 10% DECLINE
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.1 million short tons (mmst) of coal ...
Friday, 13 February 15
SMALL AND MEDIUM-SIZED SHIP OWNERS SQUEEZED OUT OF THE MARKET ON CRASHING DRY BULK MARKET AND EUROZONE CRISIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Financing issues have started to tighten the noose in the throats of small and medium-size ship owners, who were already facing problems over the p ...
Thursday, 12 February 15
CAPESIZE: THE BEST DESCRIPTION FOR THE MARKET IS, FLAT - FEARNRESEARCH
Handy
The handy and supra market is also being affected by the marginal volume of activity in the commodity sales. We see a small upturn in the T ...
Thursday, 12 February 15
DRY BULK OWNERS SCRAP MORE VESSELS, AS MARKET REACHES HISTORICAL LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has reached historical lows this week, with the Baltic Dry Index (BDI) now trading at levels below operating expense levels for ...
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- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- MS Steel International - UAE
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Marubeni Corporation - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
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