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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, 12 May 14
DRY BULK MARKET IS STILL STRUGGLING TO FIND FIRM FOOTING
COALspot.com: The freight market continued to be weak and the BDI closed slightly lower at 997 points or fell 1.96 pct week on week. The cape in ...
Friday, 09 May 14
RBCT SHIPPED 5.4 MMT OF COAL IN APRIL
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest coal export terminal in the world, shipped 5.45 million to ...
Friday, 09 May 14
DRY BULK MARKET: BANKRUPTCY TONNAGE UNLEASHED
Drewry’s latest Dry Bulk Forecaster saw freight rates on most routes declined in 2014’s first quarter as the previous quarter’ ...
Friday, 09 May 14
UNITED STATES COAL PRODUCTION SLIGHTLY SLIDES TO 82.4 MMST IN APRIL
COALspot.com – United States the world's second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal i ...
Thursday, 08 May 14
'TRIAL BY MEDIA, TRIAL BY LAW' - A REPORT FROM TRACK 1 OF BIMCO'S ANNUAL CONFERENCE DUBAI 2014
KNOWLEDGE TO ELEVATE
Aiming to bring a very different type of event into their annual conference, BIMCO presented ‘Double Jeopardy &n ...
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- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- The University of Queensland
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
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