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Business and Economics

Explorer Emphasis Article

Energy super basins grabbed the attention of the oil and gas industry during the past five years, with good reason. Now a period of re-evaluation has kicked in. Producers are looking beyond total resource potential to apply other criteria, including economic, environmental and regulatory considerations. Those yardsticks could help identify which basins will dominate energy production in the decades ahead.

American Association of Petroleum Geologists (AAPG)
Explorer Article

The Peruvian Congress’s ousting of President Pedro Castillo on Dec. 7 led to two weeks of protest throughout the country, with at least 50 reported dead in clashes with law enforcement. In Arequipa, Peru’s second largest city located 400 kilometers from the southern border, AAPG members Luis Alexander Alvarez and Alexandra Del Castillo took refuge in their homes. Alvarez, a mining and hydrocarbon geologist, said the social unrest directly affected him and his family.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Large institutions and asset managers are diversifying away from traditional oil and gas projects, sometimes driven by climate concerns, but their investments haven’t fallen far afield. Those organizations think in terms of billions of dollars when evaluating a potential investment sector. And so far, they haven’t hesitated to invest in energy. What has changed, and what keeps changing, is where they put those investment dollars. It’s an energy-investment transition that parallels today’s ongoing energy transition.

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American Association of Petroleum Geologists (AAPG)
Explorer Director’s Corner

Last month the world’s political and industrial leaders gathered in Egypt for COP27. This annual event convened by the United Nations is an opportunity to engage in dialogue on the topic of climate change and to discuss a coordinated global response. If you’ve been paying attention for any length of time, you know that the topic of climate change and meetings like COP divide AAPG members. An individual member may or may not agree with the proposed policies or the concerns expressed at COP. But for many of our members worldwide, the topic of climate change and its impact on our industry and profession is existential – it has or will directly impact their careers and ability to practice their profession. That is why we must discuss this topic.

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American Association of Petroleum Geologists (AAPG)
Explorer Readers Forum

I have the honor of leading the executive secretariat of ARPEL, the Association of Oil, Gas and (as of lately) Renewable Energy Companies of Latin America and the Caribbean. ARPEL is a key factor in the development and transformation of the oil and gas sector of our region. We foster cooperation and coordination on strategic and operational aspects among our member companies, and with sister trade and professional associations (such as AAPG), governments, regulators, academia and other stakeholders. ARPEL held its 6th conference in Lima, Peru in November.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

As countries seek to transition to cleaner-burning fuel to address environmental concerns, it can also be argued that the need to eliminate energy poverty remains just as crucial. The future energy mix must be wide-ranging and diverse to meet the needs both of the environment and the people living on the planet. New companies have begun to bring geothermal energy to areas that aren’t adjacent to volcanoes or that don’t have access to tectonic settings, which allow for an easy harvesting of the Earth’s heat. Some are embracing the niche operation of repurposing traditional geothermal wells and non-producing oil and gas wells. Others are promoting widespread geothermal energy through deep vertical and multilateral wells that can bring heat and electricity to the masses.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

In the world of oil and gas, an increasing number of plays in stratigraphic traps are being made – in large part due to ever-evolving seismic technology. The Discovery Thinking forum at the annual IMAGE conference in August served to highlight some of these plays in offshore frontier basins and the role that geophysics played in their discovery. “We are seeing more giant stratigraphic fields, and seismic is the key,” said past AAPG President Charles A. Sternbach, chair of the Discovery Thinking forum. “And, we are seeing more oil found at greater depths. Unconventional plays are migrating outside of the Western Hemisphere.”

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American Association of Petroleum Geologists (AAPG)
Explorer Article

The war between Russia and Ukraine has seen several phases since the initial invasion in February. A series of advances by the Ukraine armed forces in the Eastern part of the country in early September created the impression that the conflict might be near an end. Russian annexation of four provinces at the end of the month convinced others that the war is far from over. What is not debatable, however, are the devastating effects that the war continues to have, particularly on Ukrainian refugees who fled hundreds or thousands of miles to escape the turmoil and seek safety for themselves and their families. This is the second in a two-part series about Ukrainian geologist refugees who fled their homeland and received assistance from colleagues living around the world, which shares the stories of other geoscientists who benefitted greatly from the funding but still struggle to find stability after having their world turned upside-down.

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American Association of Petroleum Geologists (AAPG)
Explorer Division Column DPA

In my first column, I discussed some of the challenges facing our industry, AAPG, and DPA and introduced my theme for my term: “Renew and Engage.” I’m pleased to hear this resonated with so many of you and look forward to sharing the latest plans for the coming months. We are committed to deliver programs that appeal to our members, entice new members and reconnect our community.

American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

People often associate Utah with spectacular canyons cut into the Colorado Plateau, the state’s five national parks, incredible skiing in the beautiful mountains, the opportunity to wade around in the briny water of Great Salt Lake or hearing the Mormon Tabernacle Choir sing the “Hallelujah Chorus.” Visitors to the state, as well as most of its citizens, don’t think of Utah as a major producer of oil and gas. However, Utah has consistently ranked among the highest oil and gas producers in the United States.

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American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Tuesday, 1 January 2013, 12:00 a.m.–1:00 a.m.

The presenters will discuss effective management of wind farm operations and the challenges often encountered. 

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 10 June 2020, 11:00 a.m.–12:00 p.m.

Gil Machado is a Petroleum Exploration Geologist with a Ph.D in stratigraphy and source rock characterization. Gil's presentation 'Reducing Uncertainty and Increasing Chances of Success Using Biostratigraphy', will explore the role of biostratigraphy in the exploration workflow. Several success cases from around the World will be detailed, showing the uses of this discipline for sedimentation age determination, paleoenvironmental interpretation and source rock characterization. Join Gil Machado via Zoom on June 10 at 12:00 GMT+1

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 30 July 2020, 8:00 a.m.–10:00 a.m.

Hear panelists’ views on how COVID-19 has affected the legal, financial and technological sectors of the energy industry and what they expect for the future. Topics include energy markets, public policy, infrastructure, transportation, corporate culture, digitalization and the energy transition. Send questions and comments for speakers, then make your voice heard in virtual roundtables opening 10 minutes after the panel discussion. Forum registration is free of charge thanks to support from our sponsors. Forum Registration

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 10 September 2020, 3:00 p.m.–4:00 p.m.

Economic oil and gas fields have been increasingly found in deep-water continental margins for the past decade, where potential prospects record the key tectonic events associated with plate breakup and continental drift. In these regions, the exploitation of economic resources must take into account sustainable practices and environmental concerns of local populations. This talk will present case studies from multiple continental margins to then extrapolate major findings to basins in SE Asia.

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American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 9 December 2010, 12:00 a.m.–12:00 a.m.

The Mississippian-Devonian Bakken Petroleum System of the Williston Basin is characterized by low-porosity and permeability reservoirs, organic-rich source rocks, and regional hydrocarbon charge.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Friday, 11 December 2020, 11:30 a.m.–12:30 p.m.

In a world moving to net-zero emissions during the COVID-driven oil price collapse, there remain important scientific and business opportunities for geoscientists, particularly those with expertise in stratigraphy, sedimentology, reservoir geology and hydrocarbon production. In this webinar, Dr. Julio Friedmann, senior research scholar, Center on Global Energy Policy, Columbia University discusses the challenges this community faces which are not scientific or technical, but rather involve shifts in business model, policy and global market trends. Webinar presented via Zoom on 11 December 2020 at 11:30 am CST (UTC-6).

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 31 March 2021, 7:00 p.m.–8:30 p.m.

Join us for 'Pivoting 2021: Risk and Recovery in 2021'. Panelists discuss how they now approach risk assessment and opportunity evaluation after the dramatic changes due to economic stresses (crises) and a global pandemic. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 31 March 2021.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 11 February 2010, 12:00 a.m.–12:00 a.m.

Gas hydrates, ice-like substances composed of water and gas molecules (methane, ethane, propane, etc.), occur in permafrost areas and in deep water marine environments.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 14 February 2024, 12:00 p.m.–1:00 p.m.

This 2024 energy sector outlook will feature three discussions led by industry experts. Join us for a webinar where industry experts will discuss annual forecasts of global upstream markets, well quality and activite levels, and why US oil output may be more favorable than current reports suggest.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 28 July 2011, 12:00 a.m.–12:00 a.m.

This presentation discusses one operator’s approach to fully integrate data captured in the Marcellus Shale in order to optimize horizontal well performance.

American Association of Petroleum Geologists (AAPG)
DL Abstract

Climate change is not only happening in the atmosphere but also in the anthroposphere; in some ways the former could drive or exacerbate the latter, with extreme weather excursions and extreme excursions from societal norms occurring all over the earth. Accomplishing geoscience for a common goal – whether that is for successful business activities, resource assessment for public planning, mitigating the impacts of geological hazards, or for the sheer love of furthering knowledge and understanding – can and should be done by a workforce that is equitably developed and supported. Difficulty arises when the value of institutional programs to increase equity and diversity is not realized.

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Request a visit from Sherilyn Williams-Stroud!

American Association of Petroleum Geologists (AAPG)
DL Abstract

The Energy sector is a changing business environment. Throughout the 20th century fluctuations of oil supply and demand produced changes in the barrel price that pushed the growth or shrinkage of the industry. In this 21st century, new challenges such as diversification of the energy mix, boosting gas demand, require the exploration of critical minerals and development of new technologies as well.

Request a visit from Fernanda Raggio!

American Association of Petroleum Geologists (AAPG)

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