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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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Monday, 29 September 14
INDONESIAN COAL SWAPS LOST WEEK ON WEEK AND MONTH OVER MONTH
COALspot.com: Indonesian coal swaps for average November 2014 flat day on day and lost US$ 0.85 (-1.66%) per mt week on week. The swap also lost US ...
Monday, 29 September 14
CFR SOUTH CHINA COAL LOST AROUND 5% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swap for delivery in November 2014 decreased US$ 3.55 (-5.10%) month over month and flat week over week.
...
Sunday, 28 September 14
FREIGHT RATES FROM INDONESIA TO INDIA IS EXPECTED TO BE FIRM NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market shows a bit weak trend this week.
The BDI was lost 2.42% week on week and closed at 1049 points on 26 Se ...
Sunday, 28 September 14
BERAU AGREES DEAL WITH GOVT, MINING AREA REDUCED - THE JAKARTA POST
Coal miner PT Berau Coal, a subsidiary of Jakarta-listed PT Berau Coal Energy (BRAU), has signed a memorandum of understanding (MoU) with the gover ...
Saturday, 27 September 14
OIL MARKET CONTANGO: SPECULATION ON FUTURE PRICES CAN BE A RISKY MOVE, EVEN FOR TANKER OWNERS HELLENIC SHIPPING NEWS
Despite the fact that tanker owners can easily use their vessels as floating storage units for oil, in a bid to exploit the current oil market dyna ...
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- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Minerals Council of Australia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
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