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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, 13 November 13
THE SOFTENING HAS AFFECTED THE BIGGER SIZE SEGMENTS; SMALLER ONES STILL APPEAR TO BE VERY STABLE - INTERMODAL
After a month and a half of back to back weekly declines, the dry bulk market has finally reversed its negative course. We believe that there should ...
Wednesday, 13 November 13
DRY BULK MARKET HAS REVERSED ITS NEGATIVE COURSE - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable+ )
The Dry Bulk market has reversed its negative course this past week with rates for Capes making up fo ...
Wednesday, 13 November 13
NEWCASTLE COAL EXPORTS PLUNGE 12.40% IN W/E 10 NOVEMBER FROM THE PRIOR WEEK
COALspot.com: In the week ended November 11, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.42 ...
Monday, 11 November 13
TAMIL NADU STATE OWNED POWER GENERATOR TO IMPORT 3.7 MMT OF 6000 GAD COAL
COALspot.com - TANGEDCO, Tamil Nadu Generation & Distribution Corporation Ltd, Tamil Nadu state owned power generator & distributor intends ...
Sunday, 10 November 13
PANAMAX COAL FREIGHT RATES REMAIN UNDER PRESSURE; SUPRAMAX BIGGEST GAINER - REDDY
COALspot.com: The freight market was up this week with all indices increased except for Panamax index.
The BDI was up by 56 points closing at 158 ...
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- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- The University of Queensland
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
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