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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, 17 July 13
NEWCASTLE COAL EXPORTS FELL 3.85% ON WEEK
COALspot.com: Newcastle port in Australia has loaded 2,860,149 tons of coal for the week ended 0700 hours 15 July 2013, Newcastle Port Corp. s ...
Wednesday, 17 July 13
TORN BETWEEN A CREDIT CRUNCH AND SUSTAINABLE GROWTH - GEORGE DERMATIS
COALspot.com: In 2012 China expanded at a rate of 7.8%, its worst annual performance in 13 years, raising criticism over the newly appointed governm ...
Tuesday, 16 July 13
TAKE - OR - PAY CONTRACTS CONTINUE TO INCENTIVISE AUSTRALIAN COAL PRODUCERS DESPITE POTENTIAL NEGATIVE CASH MARGINS - WOOD MACKENZIE
Australia's coal production has continued to grow, despite lower coal prices in 2013. Global investors and suppliers are therefore questioning whet ...
Monday, 15 July 13
INDONESIAN GOVERNMENT HAS REVISED DOWN ITS JULY BENCH-MARK COAL PRICE TO US$ 81.69 PER MT
COALspot. com - Indonesian Coal Price Reference dropped 3.75 % and hitting a 2013 low. The Indonesian government has revised down its owned coal ben ...
Monday, 15 July 13
INDO COAL SWAPS ARE STRUGGLING FOR RIGHT DIRECTION
COALspot.com – Indo coal swaps are struggling to find the right direction. Sub-Bit Indonesia coal swaps (FOB ) for average August 2013 d ...
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- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
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- Metalloyd Limited - United Kingdom
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
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- Indonesian Coal Mining Association
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- New Zealand Coal & Carbon
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- Coal and Oil Company - UAE
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- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
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- Ambuja Cements Ltd - India
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- VISA Power Limited - India
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
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- Petron Corporation, Philippines
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- White Energy Company Limited
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- Bayan Resources Tbk. - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
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- GAC Shipping (India) Pvt Ltd
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- Interocean Group of Companies - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
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- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
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- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
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- Wilmar Investment Holdings
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- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Larsen & Toubro Limited - India
- The University of Queensland
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- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
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- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
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- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
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