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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, 24 February 14
DRY BULK MARKET TO IMPROVE OVER THE COURSE OF 2014, BUT OVERSUPPLY STILL AN ISSUE SAYS BIMCO'S CHIEF SHIPPING ANALYST
As a gruelling first quarter edges closer to the end, dry bulk ship owners are looking at an improved second quarter demand, which, coupled with slo ...
Monday, 24 February 14
INDONESIAN SUB-BITUMINOUS COAL SWAP FOR DELIVERY APRIL - JUNE 2014 SLIDES TO $ 58.60 PMT
COALspot.com – Indonesia, the world’s the largest exporter of the thermal coal's swaps for delivery April - June 2014 slide week ended ...
Monday, 24 February 14
Q1 2015 DELIVERY COAL SWAP CLOSED AT 2.62% HIGHER THAN Q2 2014 CLOSING SWAPS
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 2.68 percent month on month and closed at US$ 76.20 per mt as on Fr ...
Saturday, 22 February 14
SHIPPING POISED TO RALLY AFTER SEVERAL WEEKS OF DROP
COALspot.com: The freight market was steady to firm with the dry bulk index up by 6.24 pct closing at 1,175 points week on week and the cape index w ...
Saturday, 22 February 14
POTEN RAISES THE QUESTION OF ACCURACY IN CALCULATING TANKER FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the tanker market has grown in complexity over the course of the past few years, the question of whether the traditional methods of assessing rat ...
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- Indogreen Group - Indonesia
- Economic Council, Georgia
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
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