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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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Wednesday, 15 January 14
INDONESIAN MINING LAW AVERTS BOP PRESSURE, RISKS REMAIN, FITCH SAYS
The last-minute intervention at the weekend by Indonesia's politicians to avert a significant disruption of mining activity and exports, should lim ...
Wednesday, 15 January 14
Q3 AND Q4 INDONESIAN COAL SWAPS DECLINE MONTH ON MONTH
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 1.23 pmt month on month on Friday 10 January 2014. T ...
Wednesday, 15 January 14
PANAMAX: PACIFIC - REMAINED QUIET; ATLANTIC - CONTINUED THEIR RETREAT
COALspot.com: The holiday hangover seems well underway for the Dry Bulk market that saw more ground being lost this past week. The BDI has closed of ...
Tuesday, 14 January 14
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS FALL 18.28 %
COALspot.com: In the week ended January 13, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2.67 ...
Monday, 13 January 14
INDONESIAN ORE BAN TO HAVE LIMITED IMPACT ON CHINESE ALUMINIUM PRODUCERS, FITCH RATINGS SAYS
COALspot.com: Fitch Ratings says today that Indonesia's ban on exports of unprocessed mineral ore will have limited impact on Chinese aluminium pro ...
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- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Australian Coal Association
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- The University of Queensland
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
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