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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, 09 July 14
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS
The mini-boom in dry bulker values catapulted ship prices too fast too far over the last one-and-a-half year. The concurrence of historically low p ...
Tuesday, 08 July 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN IN JULY; LOST 1.62%
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia again revised down the coal bench mark price in July. HBA for month of J ...
Tuesday, 08 July 14
ENERGY IN THE MIX - INTERMODAL SHIPBROKERS
With the Tanker freight market having showed much promise this year compared to the performance that had been noted during the previous five, it is ...
Monday, 07 July 14
INDONESIA STATE-CONTROLLED COAL MINER BUKIT ASAM TO TRADE COAL ON-LINE THROUGH JFX
COALspot.com: Indonesian state owned coal miner PT Tambang Batubara Bukit Asam Tbk (PTBA) has teamed up with Jakarta Futures Exchange (JFX) to sell ...
Monday, 07 July 14
RBCT, THE WORLD'S SINGLE LARGEST EXPORT COAL TERMINAL SHIPPED 31.91 MMT OF COAL IN H1 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the world’s single largest export coal terminal, shipped 31.91 million ton ...
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- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- White Energy Company Limited
- Siam City Cement - Thailand
- Minerals Council of Australia
- Eastern Coal Council - USA
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- PTC India Limited - India
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
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