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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, 18 March 15
Q2 INDONESIAN COAL SWAP DROP 1.45% M-O-M; GAIN 0.63% W-O-W
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 drop month on month and gained week over week.
The Q2 swap fell US$ 0.70 (1.45%) ...
Tuesday, 17 March 15
GAS TO CHALLENGE COAL IN THE ASIAN POWER GENERATION MIX - WOOD MACKENZIE
KNOWLEDGE TO ELEVATE
Wood Mackenzie says that coal is facing increasing competition from gas in the power sector. Coal has dominated as the fu ...
Tuesday, 17 March 15
RIO TINTO PAID US$ 7.1 BILLION IN TAXES IN 2014
COALspot.com: Rio Tinto has published its latest Taxes paid report, detailing the US$7.1 billion in taxes paid by the company around the world in 2 ...
Tuesday, 17 March 15
NEARLY 17% OF US COAL PRODUCTION UNECONOMIC AT CURRENT MARKET PRICING - WOOD MACKENZIE
COALspot.com: Close to 17% of forecast 2015 US coal production is at risk of idling or closure, totalling 162 million short tons (Mst), as these mi ...
Tuesday, 17 March 15
Q3' SA COAL SWAP CLOSED $57.30 PMT W/E 13 MARCH
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and gained week on week.
The Q2 swap has fe ...
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- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- The University of Queensland
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Planning Commission, India
- Interocean Group of Companies - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
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