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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, 12 November 14
PANAMAX: WITNESSED A FAIRLY STABLE MARKET IN THE ATLANTIC
COALspot.com: Despite the fact that the Dry Bulk market noted another weekly increase, clouds of uncertainty returned mid-week onwards, as the mini ...
Wednesday, 12 November 14
SHIPPING MARKET INSIGHT - CHRISTOPHER T. WHITTY
COALspot.com: The fight continues between the low-cost iron ore producers and the big three: Vale, Rio Tinto and BHP Billiton. We are moving into a ...
Tuesday, 11 November 14
FACING CHALLENGES AND MEETING OPPORTUNITIES - INTERNATIONAL EPC CONFERENCE & EXHIBITION
Press Release: SKYCONNECTION and TRANSEVENT, which is fully supported by the Institution of Engineers Indonesia and Ministry of Industry of the Rep ...
Tuesday, 11 November 14
NEWCASTLE COAL SWAP CLOSED AT $ 52.65 FOR Q1' 15 DELIVERY
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery decreased US$ 2.83 (-5.10%) month over month and US$ 1.35 (-2.50%) week ove ...
Tuesday, 11 November 14
PORT OF NEWCASTLE'S OCTOBER COAL SHIPMENTS SLIPPED 7.40% M-O-M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1,115.7 mil ...
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- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
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- Petron Corporation, Philippines
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- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
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- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
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- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
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- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
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- Planning Commission, India
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- CNBM International Corporation - China
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- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
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- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
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- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
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- Coal and Oil Company - UAE
- Eastern Coal Council - USA
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- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
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- Singapore Mercantile Exchange
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- Parliament of New Zealand
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- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
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- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Indian Oil Corporation Limited
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- Bangladesh Power Developement Board
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- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
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- Kideco Jaya Agung - Indonesia
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- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
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- Indonesian Coal Mining Association
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- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
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- Cigading International Bulk Terminal - Indonesia
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