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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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Thursday, 05 March 15
INDIA WILL BE THE LARGEST DRIVER OF GLOBAL SEABORNE COKING COAL DEMAND GROWTH IN 2015 - WOOD MACKENZIE
Global demand growth will remain weak because of China’s negative demand growth.
COALspot.com: At Coaltrans India, Wood Mackenzie says I ...
Thursday, 05 March 15
BUKIT ASAM BOOKED US$ 1 BILLION REVENUE IN 2014
COALspot.com: Indonesian publicly listed and state owned coal miner PT. Bukit Asam, has announced that, the revenue of the company for the period J ...
Wednesday, 04 March 15
AN AGENDA FOR CHANGE - FITCH INDONESIA CONFERENCE
Fitch Indonesia Conference - 5 March 2015
Fitch Ratings will host its annual Indonesia conference on 5 March 2015.
The theme of this year ...
Wednesday, 04 March 15
KEEP CALM AND INVEST IN DRY - THEODORE NTALAKOS
Keep Calm and Carry On was originally a motivational poster, intended to raise the morale of the British public, produced by the British government ...
Tuesday, 03 March 15
INDONESIAN COAL EXPORT VOLUME TO DECLINE 50% BY 2019
COALspot.com: The Indonesian government is planning to reduce coal export volume by 50% within the next five years while keeping its coal productio ...
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- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- The University of Queensland
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
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