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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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Tuesday, 10 March 15
OIL PRICE FORECASTING - IGNORE THE EXPERTS: COLIN MARSHALL
KNOWLEDGE TO ELEVATE
Experts put themselves on a pedestal, making claims to have special forecasting abilities for oil price trends. They, too ...
Tuesday, 10 March 15
FOB NEWCASTLE COAL SWAPS HEADING SOUTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 0.24 per MT (-0.47%) month over month and US$ 1.52 (-2.93%) we ...
Tuesday, 10 March 15
CFR SOUTH CHINA POWER-STATION COAL SWAPS DECLINE
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery fell US$ 0.42 (-0.74%) per MT month over month and declined US$ 1.00 &nbs ...
Monday, 09 March 15
INDONESIA GREETS INDIA RATE CUT AS GOOD FOR EXPORTS - GLOBEASIA
Indonesian commodity producers and economists have hailed the Indian central bank’s rate cut as good for boosting exports from Southeast Asia ...
Monday, 09 March 15
CHINA'S SUPREME COURT ISSUES NEW JUDICIAL INTERPRETATION ON SHIP ARREST AND JUDICIAL SALE OF SHIPS - GARD
KNOWLEDGE TO ELEVATE
China is not traditionally a popular jurisdiction for ship arrest. However, Members and clients with ships calling at por ...
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- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
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