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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, 10 April 13
US COAL CONSUMPTION TO INCREASE FROM 889 MMST IN 2012 TO 948 MMST IN 2013 AND 957 MMST IN 2014 - EIA
Based on estimates for the first quarter of 2013, American coal production has continued to decline.
Total production is down 9.9 million short t ...
Wednesday, 10 April 13
DRY BULK FREIGHT RATES SEEN MOSTLY STABLE IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per ...
Monday, 08 April 13
SUB-BIT INDONESIA COAL SWAPS: UPWARD TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.71 percent and CFR South China coal shipment&nbs ...
Sunday, 07 April 13
CHARTER RATES ARE UNDER PRESSURE DUE TO DECLINING DEMAND - VISTAAR
COALspot.com - The freight market continued to fall further with all the indices down.
The BDI was down by 5.38 pct closing at 861 points and the ...
Friday, 05 April 13
SGX API 8 CFR SOUTH CHINA COAL SWAPS TO GO LIVE
COALspot.com - The Exchange has announced that the SGX API 8 CFR South China Coal Swap will go live for clearing on SGX-DC starting from 29 Ap ...
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- Rashtriya Ispat Nigam Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
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- Georgia Ports Authority, United States
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- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
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- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
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- Indian Energy Exchange, India
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- Goldman Sachs - Singapore
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- Leighton Contractors Pty Ltd - Australia
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- Energy Link Ltd, New Zealand
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- Chamber of Mines of South Africa
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
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- Planning Commission, India
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- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- The University of Queensland
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
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- PowerSource Philippines DevCo
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- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Australian Coal Association
- Orica Australia Pty. Ltd.
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- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
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- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
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- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
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- Commonwealth Bank - Australia
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- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
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- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
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- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
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- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
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- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
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- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
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- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
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