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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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Friday, 06 September 13
DRY BULK MARKET REACHES NEW YEAR-HIGHS ON THE BACK OF INCREASED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been on the rise once again, but this time around any new increase of freight rates translates into new year-highs, thus bri ...
Friday, 06 September 13
US PRODUCED APPROXIMATELY 90.80 MMST OF COAL IN AUGUST
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.90 million short tons (mmst) of ...
Thursday, 05 September 13
INDONESIAN COAL EXPORTS UP BY 6.72 PERCENT IN JULY
COALspot.com: Indonesia, the world's largest multi grade coal exporter shipped 35.268* million tons of coal in July 2013. Indonesian coal exp ...
Thursday, 05 September 13
HANDY: NICKEL ORE WAS PUSHING THE FAR EAST MARKET - FEARNLEYS
Handy
Nickel Ore was pushing the Feast market, several ships were fixed from low teens to $14k. Indo/India was still supported by bauxite, while th ...
Thursday, 05 September 13
DRY BULK MARKET ON A HIGH ROLL, MAINLY THANKS TO CAPESIZE APPETITE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize owners have been rejoycing on the back of renewed optimism for the further rise in the dry bulk market's freight rates, especially when on ...
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- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- MS Steel International - UAE
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Parliament of New Zealand
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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