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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, 10 December 14
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS, INTERMODAL
COALspot.com: As 2014 is coming to an end, we look back to what has happened during the year and notice that SnP activity has been particularly sof ...
Wednesday, 10 December 14
WORLD HARD COAL MARKET 2014: PRODUCTION AND TRADE STAGNATING, IMPORTS TO GERMANY AND EUROPE ON THE DECLINE
Press Release: German Coal Importers Association (VDKi) criticizes regulations ordering reduction of CO2 emissions from coal-fired power plants as ...
Tuesday, 09 December 14
PRESSURE ON CHINA COAL MINERS TO CONTINUE DESPITE GOVERNMENT SUPPORT - FITCH
COALspot.com: Fitch Ratings says that Chinese coal mining companies will continue to be pressured by low prices, which will persist despite recent ...
Tuesday, 09 December 14
Q4' 2015, FOB INDONESIA COAL SWAP CLOSED AT $ 49.02 W/E 5 DEC
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week over week and day on day.
The Q1 swap has lost US$ 0.2 ...
Tuesday, 09 December 14
API 8 CFR SOUTH CHINA COAL SWAPS FELL 1.8% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.84 (-2.91%) month over month and US$ 0.95 (-1.52%) we ...
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- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Deloitte Consulting - India
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- The University of Queensland
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
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