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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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Thursday, 13 June 13
HANDY: SHORT PERIOD WERE FIXED AT AROUND USD 9000 LEVEL
Handy
Despite falling rates for bigger sizes, the Supras in Atlantic are seeing some improvements with fresh biz. US Gulf positions fetching tick a ...
Thursday, 13 June 13
BIMCO EXPECTS SUBDUED CAPESIZE EARNINGS FOR THE COMING WEEKS - HELLENIC SHIPPING NEWS
Bulk is not only about China even though it is a key driver. In this section, we have taken a closer look at the European seaborne coal markets, whi ...
Thursday, 13 June 13
RIO TINTO AGREES SALE OF EAGLE PROJECT FOR AN ESTIMATED US$325 MILLION IN CASH
COALspot.com - Rio Tinto has reached a binding agreement to sell its Eagle project to Lundin Mining Corporation for an estimated US$325 million in c ...
Thursday, 13 June 13
HARD COAL IMPORTS RISE SHARPLY IN GERMANY IN Q1 2013 - COAL IMPORTERS ASSOCIATION
Coal-fired Power Plants in Germany: Pillars of the Grid and the Energy Turnaround; Hard Coal Consumption and Hard Coal Imports Rise Sharply in Germa ...
Wednesday, 12 June 13
INDONESIAN COAL PRICE REFERENCE SLIDES TO 2013 LOW
COALspot.com - Indonesian Coal Price Reference continues to take its lumps this month, dropping about 0.54 % and hitting a 2013 low. The Indonesian ...
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- Coalindo Energy - Indonesia
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- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
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- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
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- Bulk Trading Sa - Switzerland
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- Wood Mackenzie - Singapore
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- Goldman Sachs - Singapore
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- Indian Oil Corporation Limited
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- Minerals Council of Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
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- Coal and Oil Company - UAE
- White Energy Company Limited
- Planning Commission, India
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- Ministry of Finance - Indonesia
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- Global Business Power Corporation, Philippines
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- Essar Steel Hazira Ltd - India
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- Bukit Makmur.PT - Indonesia
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- McConnell Dowell - Australia
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- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
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- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
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- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
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- Agrawal Coal Company - India
- Indonesian Coal Mining Association
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- The Treasury - Australian Government
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- Formosa Plastics Group - Taiwan
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- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
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- AsiaOL BioFuels Corp., Philippines
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- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
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- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
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- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- PTC India Limited - India
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