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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, 28 February 14
PTBA TO INCREASE ITS COAL TERMINAL'S LOADING CAPACITY TO 25 MILLION TONS PER ANNUM BY JULY 2014
COALspot.com: PT. Bukit Asam (PTBA), the Indonesian government owned coal miner operates several coal mining units in Sumatera as well as in Kaliman ...
Friday, 28 February 14
U.S PRODUCED 1.9% LESS COAL WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Friday, 28 February 14
DRY BULK MARKET SLOWLY BUT STEADILY FINDS ITS FOOTING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, hit by the low seasonal demand which is a typical characteristic of the first quarter of each year, is beginning to emerge from ...
Thursday, 27 February 14
PANAMAX : MARKET CONTINUED TO DECLINE IN THE ATLANTIC
Handy
The Atlantic handy/supra market experienced a downward trend this week but not a dramatic one. TA rates are down around USD 800 w-o-w lead b ...
Thursday, 27 February 14
SHIPPING LOANS WORTH $5 BILLION HAVE CHANGED HANDS OVER THE PAST YEAR, AS FUNDS INVEST IN SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Funds investing in shipping has been the "talk of the town" over the past couple of years, as institutional investors, private equity and ...
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- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Minerals Council of Australia
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- The University of Queensland
- Indonesian Coal Mining Association
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
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