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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, 06 August 13
UNLEASHING SHALE GAS POTENTIAL AS A GLOBAL ENERGY GAME CHANGER
In its 4th year running, the Annual Shale Gas Conference will bring leaders from North American shale gas operators, key Asian regulators, multi ...
Tuesday, 06 August 13
GBCE APPOINTS BENJAMIN WILEY AS NEW MANAGING DIRECTOR
COALspot.com : GB Clean Energy Ltd. (GBCE) announced today that Mr. Benjamin Wiley has been appointed as Managing Director.
Mr. Wiley has ...
Tuesday, 06 August 13
AUSTRALIAN NEWCASTLE PORT'S COAL EXPORTS FALL 23.16 PERCENT ON WEEK TO 2.26 MMT
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 15.8 percent week on week to 2.26 million mt for ...
Monday, 05 August 13
PAPERLESS TRADING (ELECTRONIC BILLS OF LADING) - FREQUENTLY ASKED QUESTIONS ("FAQS") - UK P&I CLUB
A number of Members have contacted the Club with queries regarding the use of electronic bills of lading and any potential consequences for P&I ...
Monday, 05 August 13
INDO GOVERNMENT'S DECLARED HBA IN AUGUST '13 FALL TO LOWEST LEVEL SINCE JANUARY '10
COALspot. com - HBA fell to US$ 76.70 this month, the lowest since January 2010. Indonesian Coal Price Reference fell 6.11% and hitting a 2013 ...
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- Siam City Cement - Thailand
- Minerals Council of Australia
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- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
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- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
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- Australian Coal Association
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
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- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
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- European Bulk Services B.V. - Netherlands
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- Bangladesh Power Developement Board
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- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
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- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
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- Planning Commission, India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
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- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
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- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
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- Iligan Light & Power Inc, Philippines
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- Standard Chartered Bank - UAE
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- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
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- Pipit Mutiara Jaya. PT, Indonesia
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- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
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- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
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- Essar Steel Hazira Ltd - India
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- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
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- Meralco Power Generation, Philippines
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- Mintek Dendrill Indonesia
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- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
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