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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, 18 January 15
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN WEAK NEXT WEEK
COALspot.com: The BDI was up 4.51 pct week on week on Friday 16, January 2015. The BDI closed at 741 points on this Friday after gaining arou ...
Friday, 16 January 15
U.S. WEEKLY COAL PRODUCTION UP 7.3% W-O-W
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.9 million short tons (mmst) of coal ...
Thursday, 15 January 15
PANAMAX : MARKET CONTINUE ON LOW PACE - FEARNLEYS
Handy
On a general basis we can say that rates are softening in both hemispheres. Although for some specific trades we can see premiums being ach ...
Thursday, 15 January 15
LOW CASH COSTS, GOOD LIQUIDITY HELP ASIAN OIL COMPANIES IN PRICE ROUT - FITCH
Fitch Ratings says that rated oil and gas production companies in Asia can comfortably operate under low oil prices for some time given their gener ...
Wednesday, 14 January 15
DRY BULK MARKET NOTED ANOTHER WEEKLY DECLINE - INTERMODAL
COALspot.com: The Dry bulk market noted another weekly decline on Friday, with the performance of the Capesize market still weighing down on the re ...
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- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- The University of Queensland
- Ministry of Mines - Canada
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- The Treasury - Australian Government
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- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
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- Australian Commodity Traders Exchange
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- Commonwealth Bank - Australia
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- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
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- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
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- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
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- Tamil Nadu electricity Board
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Mjunction Services Limited - India
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- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
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- South Luzon Thermal Energy Corporation
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- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
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- CNBM International Corporation - China
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- Indonesian Coal Mining Association
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- Minerals Council of Australia
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- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
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- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
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- Eastern Coal Council - USA
- Wilmar Investment Holdings
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- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
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- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
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