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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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Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips f ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
Tuesday, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
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- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- The University of Queensland
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
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