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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, 04 July 14
PARAM MITRA COAL RESOURCES SECURES US$ 7.5M INVESTMENT FROM TEMBUSU PARTNERS
Param Mitra Coal Resources Pte Ltd (“PMCR”), which owns two operating coal mines in Indonesia, has secured from Singapore private equit ...
Thursday, 03 July 14
BUMI TRANSFERS 19% OF KPC STAKE VALUED AT US$ 950 MILLION TO CIC
COALspot.com: PT. Bumi Resources announces that 19% of its holdings in Kaltim Prima Coal (KPC), valued at US$ 950 million, has been transferred to ...
Thursday, 03 July 14
PANAMAX : IN THE ATLANTIC, OWNERS ARE WILLING TO FIX AT ABOUT $2.5K PER DAY - FEARNEYS
Handy
In its latest weekly report, shipbroker Fearneys noted that, this week seems to have been more of a wait and see game between owners and ch ...
Wednesday, 02 July 14
NEWMONT FILES FOR INTERNATIONAL ARBITRATION ON ORE EXPORT BAN - THE JAKARTA POST
PT Newmont Nusa Tenggara (NNT), a subsidiary of United States-based Newmont Corporation, has filed for international arbitration against the govern ...
Wednesday, 02 July 14
THE PANAMAX MARKET CONTINUED TO BLEED FOR ANOTHER WEEK - INTERMODAL
COALspot.com: The Dry Bulk market succumbed to mounting pressure this past week, while the Capesize market proved unable to “save the day&rdq ...
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- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- GMR Energy Limited - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
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