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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, 20 February 14
SUPRAMAX: IN ASIA IS IMPROVING SIGNIFICANTLY AND TURNED FROM APS TO DOP MARKET
Handy
The activity is back in the market after Chinese holidays. Supramax in Asia is improving significantly and turned from APS to DOP market. We ...
Wednesday, 19 February 14
NEWCASTLE PORT SHIPPED 30% MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 17 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
Tuesday, 18 February 14
PERUVIAN HIGH COMMISSIONER FOR MINING AFFAIRS WILL BE KEY NOTE SPEAKER AT THE COLOMBIAN COAL CONFERENCE 2014
Press Release: The High Commissioner for Mining Affairs in the Presidency of the Peruvian Council of Ministers, General (R) Daniel Urresti Elera, ha ...
Monday, 17 February 14
US COAL PRODUCTION IN 2013 FELL TO ITS LOWEST LEVEL IN 20 YEARS
COALspot.com: U.S coal production for 2013 totaled an estimated 996 million short tons (MMst), 21 MMst (2%) lower than in 2012. It is the first time ...
Monday, 17 February 14
Q1 2015 COAL SWAPS CLOSED $ 2.21 HIGHER THAN Q2 2014 SWAPS
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 delivery lost 3.16 percent month on month and closed at US$ 76.12 per mt as o ...
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- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
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- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
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- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
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- Pendopo Energi Batubara - Indonesia
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- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- McConnell Dowell - Australia
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- ICICI Bank Limited - India
- Parliament of New Zealand
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Australian Coal Association
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
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