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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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Friday, 30 January 15
CAN BULKER CONVERSIONS SPOIL THE TANKER MARKET'S PARTY? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Oversupply of tonnage has always been in the back of the head of ship owners when it comes to taking advantage of favorable market conditions. As s ...
Thursday, 29 January 15
CHINA ENERGY DEMAND MUST BE REVIEWED DUE TO FUNDAMENTAL ECONOMIC CHANGES - WOOD MACKENZIE
New patterns emerging as energy demand growth decoupled significantly from GDP growth for the first time in 2014
Wood Mackenzie says 2014 was ...
Thursday, 29 January 15
CAPE MARKET IS STILL STRUGGLING WITH LOW DEMAND AND LOW COMMODITY PRICES
Handy
Supramax rates are heading south with slipping rates all across the block. USG activity is slow with mid-week levels in the mid 8.000s, Fea ...
Wednesday, 28 January 15
MARKET INSIGHT - STELIOS KOLLINTZAS
With most traders having returned to action from year end festivities, we have already seen signs of activity in the specialized product markets. L ...
Wednesday, 28 January 15
CAPES CONTINUED THEIR UPWARD MOVEMENT LAST WEEK - INTERMODAL
COALspot.com: The Dry Bulk market displayed a mirror performance of that of the week prior, with the Capesize market correcting further upwards and ...
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- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Planning Commission, India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- London Commodity Brokers - England
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
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