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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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Tuesday, 01 October 13
DRY BULK MARKET POISED FOR RETREAT ON CHINA HOLIDAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The start of a national weeklong in China as of Tuesday is expected to put a lid in the latest rally of the dry bulk freight market, as has always b ...
Monday, 30 September 13
NEWCASTLE'S COAL EXPORT VOLUME CONTINUES TO SLIP
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 8.38 per cent week on week to 2.67 million mt fo ...
Monday, 30 September 13
PANAMAX CHARTER RATES TOUCHING US$ 18K FOR A TRIP TO NOPAC - CAPT. REDDY
COALspot.com : The freight market continued to remain firm, BDI and the Panamax index up week ended 27 September 2013.
The cape index was fell to ...
Sunday, 29 September 13
API 8 CFR SOUTH CHINA COAL Q3 2014 DELIVERY SWAP GAINED $1.19 M-O-M
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
Sunday, 29 September 13
SUB-BIT INDONESIA COAL SWAP FELL ON MONTH AND WEEK
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery fell 3.93 percept month on month on Friday 27 September 2 ...
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- Intertek Mineral Services - Indonesia
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- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
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- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
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- Semirara Mining Corp, Philippines
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- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
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- Australian Coal Association
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- India Bulls Power Limited - India
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- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
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- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
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- Meralco Power Generation, Philippines
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- Bangladesh Power Developement Board
- Economic Council, Georgia
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- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
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- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
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- Krishnapatnam Port Company Ltd. - India
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- Tata Chemicals Ltd - India
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- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Aditya Birla Group - India
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- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
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