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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, 26 December 14
SHIPS FACE LOWER SULPHUR FUEL REQUIREMENTS IN EMISSION CONTROL AREAS FROM 1 JANUARY 2015 - IMO
Ships trading in designated emission control areas will have to use on board fuel oil with a sulphur content of no more than 0.10% from 1 January 2 ...
Wednesday, 24 December 14
CAPE DEMAND WAS STILL EXTREMELY SOFT THIS PAST WEEK ACROSS BOTH BASINS - INTERMODAL
COALspot.com: The performance of the Dry Bulk market, which found itself in desperate search of support for yet another week, has left very little ...
Wednesday, 24 December 14
MARKET INSIGHT - JOHN N. COTZIAS, INTERMODAL SNP BROKER
The year is coming to an end, and we should be able to assess if this was a good year, a bad year, or even a lousy one? The answer clearly de ...
Tuesday, 23 December 14
Q1'15 FOB INDONESIA COAL SWAP GAINED 48 CENTS IN ONE WEEK
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month and gained week over week and day on day.
The Q1 swap has lo ...
Tuesday, 23 December 14
Q4'15 FOB RICHARDS BAY COAL SWAPS FALL $ 3.85 IN A MONTH
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month.
The Q1 swap has lost US$ 2.13 (-3.17%) month on month ...
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- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- The University of Queensland
- Ministry of Transport, Egypt
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- Marubeni Corporation - India
- Ministry of Finance - Indonesia
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- Coal and Oil Company - UAE
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- White Energy Company Limited
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Planning Commission, India
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- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
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- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
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- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
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- Renaissance Capital - South Africa
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- Power Finance Corporation Ltd., India
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- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- MS Steel International - UAE
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
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- Kapuas Tunggal Persada - Indonesia
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- Indian Energy Exchange, India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
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- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
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- Aditya Birla Group - India
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
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