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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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Saturday, 29 December 12
SHIPBREAKING YARDS IN INDIA DEMOLISH A TOTAL OF 527 VESSELS IN 2012, BREAKING ALL PREVIOUS RECORDS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons ( ...
Thursday, 27 December 12
A LOOK AT WORLD TRADE PATTERNS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
While China's leaders are likely to stick with the 2012 economic growth rate of 7.5% when they chart a course for 2013 - its weakest pace since 199 ...
Thursday, 27 December 12
INDONESIA SHIPPED 33.578* MMT COAL IN NOVEMBER
COALspot.com: Indonesia, the world largest multi grade coal exporter has shipped 33.578* million tons of coal in November 2012. thi ...
Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by R ...
Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
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- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
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- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
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- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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