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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, 21 January 15
SHIFT IN INTERNATIONAL COAL TRADE TO THE PACIFIC BASIN WILL CONTINUE - IMF
COALspot.com: The shift in international coal trade to the Pacific Basin will continue, IMF said in its latest Medium-Term Coal Market Report.
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Wednesday, 21 January 15
MARKET INSIGHT - VASSILIS LOGOTHETIS, INTERMODAL
The World Bank has lowered its forecast for global growth in 2015 to 3% down from its previous level of 3.4% amid rising concerns over the economic ...
Wednesday, 21 January 15
THERMAL COAL PRICE OUTLOOK DEPENDENT ON INDIAN IMPORT DEMAND - MATTHEW BOYLE, CRU
COALspot.com: Supply and demand side developments in India will be an important determinant of future market dynamics and prices for thermal coal a ...
Wednesday, 21 January 15
PORT OF NEWCASTLE COAL EXPORTS JUMP 16.19% ON MONTH TO 15.80 MIL MT IN DECEMBER' 14
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.136 billi ...
Tuesday, 20 January 15
INDIA TO SURPASS THE UNITED STATES AND BECOME THE SECOND-LARGEST COAL CONSUMER IN THE WORLD BY 2019 - IMF
COALspot.com: In 2013, coal added more primary energy than any other fuel and was the fastest-growing fossil fuel, enhancing its position as the se ...
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- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Planning Commission, India
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Australian Coal Association
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- London Commodity Brokers - England
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
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