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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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Thursday, 13 March 14
HANDY: THE FAR EAST MARKET IS IN AN UPWARD TREND - FEARNRESEARCH
Handy
Atlantic is a bit under pressure for spot tonnage, but the underlying sentiment is positive for the short medium future. 2-3 legs are do ...
Thursday, 13 March 14
MARKET INSIGHT - CHRISTOPHER T. WHITTY
By Christopher T. Whitty
Marketing Manager
Cotzias Intermodal Shipping Inc.
During the last year we have noticed that a fair number of ...
Wednesday, 12 March 14
ADARO ENERGY IMPROVES EFFICIENCY AND GENERATED STRONG EBITDA IN 2013
COALspot.com: PT Adaro Energy Tbk, Indonesia's single largest coal miner posted revenue of US$ 3.28 billion and cost of revenue of US$ 2.54 ...
Wednesday, 12 March 14
DGOMC OF INDONESIA REVISED DOWN THE BENCHMARK PRICES FOR COAL BY 4.26% IN MARCH
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised down the government's declared coal bench mark price ...
Wednesday, 12 March 14
DRY BULK VESSELS STILL THE CREAM OF THE CROP FOR SHIP OWNERS
Dry bulk carriers have remained the most popular vessel type among ship owners as proven by the sheer number of second hand vessel sales and new ...
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- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- White Energy Company Limited
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- The University of Queensland
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
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