Explorer Emphasis Article

The good news is that for oil and gas jobs, it’s about to get better. The bad news, of course, is that much of that is because there’s so little room for things to get any worse. And even then, don’t expect a quick bounce-back. With expectations properly managed, though, there is good reason for hope for those who adapt to the ongoing changes within the industry. The industry’s jobs outlook evolved as companies struggled through the 2015-17 downturn and then faced a new challenge from the COVID-19 pandemic this year. Fundamentally, the industry is getting: Leaner. Cleaner. Greener.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer President’s Column

A few members ask me, “Why does the Executive Committee worry so much about money all the time?” Well, actually we prefer to focus on science and members’ needs, but as Woody Allen once said about the importance of money, “It is better than poverty, if only for financial reasons.” The primary reason I am discussing money in this column is to let you know changes are coming. We cannot afford to do everything we have done in the past. Some programs will be reduced or cut. We will let you know as this happens.

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

If you’ve ever picked up a book on business – how to start a business, how to run a business, how to save a business – you typically don’t have to page too far before you run into a popular term: “value proposition.” The pandemic is causing us to reassess AAPG’s value proposition for our members and our customers. We must consider that what has worked in the past may not work in the future and that our members’ and the industry’s needs are experiencing fundamental change.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

AAPG’s Latin America and Caribbean Region started 2020 with a strong lineup of technical and business events. The year 2020 was the year of promise. The Hedberg Conference went well in February, but one of the participants from China canceled travel plans because of a coronavirus outbreak in the country. One month later, the world turned upside down. Countries closed their borders, companies sent workers home, and sponsors canceled support. In-person conferences were not just risky but prohibited in most cases. It was time to go back to the drawing board.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

If recent events in the oil and gas sector, especially as it relates to the fallout and contraction from COVID-19, illustrate anything, it is the need for companies to create resilient businesses and business models. “That means having a business plan that anticipates and can adapt to changing conditions due to evolving environment, societal, and governmental pressures.” That’s Joseph R. Davis, independent direct at BKV Corp, an investment E&P firm. “You can’t separate ESG from sustainability,” he said, “for ESG is how business addresses sustainability.”

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

Exact predictions of the future have always been close to impossible. For the oil industry today, they might be even harder than that. Some oil companies are taking a wait- and-watch approach to planning, as multiple unknowns face the industry in a period of extreme uncertainty. Trying to predict a precise outlook right now isn’t just foolish, said Mark Finley. It could be dangerous.

American Association of Petroleum Geologists (AAPG)
Explorer Article

What is “brand”? The London-based Design Council notes that: “Brand is a set of associations that a person (or a group of people) makes with a company, product, service, individual or organization. These associations may be intentional – that is, they may be actively promoted by marketing and/or corporate identity – or they may be outside the control of the business.” For example, the growing belief among younger demographics that the fossil fuel industry represents the fuels of their parents.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer President’s Column

“The only certainty in geology is the unexpected will happen” is a bit of wisdom my friend and mentor John Shelton likes to quote. If anything, in this environment, it’s an understatement. AAPG, our members and industry were hit with the perfect storm: —COVID-19, geopolitics and commodity prices. Of course, I don’t need to tell you about it. We have all adjusted to a new world, which includes quarantines, masks, eating in, ordering out, Zoom, MS Teams, etc. The dogs love it, the cats hate it. It’s been tough on all of us and my thoughts and prayers are with you and your families, especially those who have lost loved ones. So … how does all this impact your society?

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

To those of you I have yet to have the pleasure of meeting, my name is Meredith Faber and I’m honored to serve as your Division of Professional Affairs president for this coming year. Normally, this article would be a recap of all the exciting DPA events that took place during the annual meeting. However, this year has been far from normal to date and, in a sense, I don’t mind. “Normal” is relative and sometimes boring and our departure from it gives me an opportunity to speak to you about something else entirely.

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

I know I’m not alone. Each day, as part of my morning routine, just as reliably as I brush my teeth and brew strong coffee, I check the price that oil is trading for on global markets. How do I know I’m not alone? Because my first calls of the day – usually with AAPG leaders – usually begin or end with a reference to oil prices. We all know that watching the price of oil does nothing to boost demand, but still we watch, ever hopeful that today will be a good day in the markets.

Show more
American Association of Petroleum Geologists (AAPG)

Hot Items

Explorer Historical Highlights

The Casablanca oil field, discovered in 1975 and located on the Mediterranean shelf edge, has been greatly significant in the world’s offshore oil industry activity, besides being by far the biggest oil field in Spain.

American Association of Petroleum Geologists (AAPG)
Explorer Article

It isn’t news to anyone that prediction is difficult, especially when it’s the future (as a great man once said). Uncertainty and unpredictability are just a part of the job of tracking and predicting the future supply and demand of energy. That being the case, when energy analysts say that the current level of uncertainty is particularly high, it might be easy to dismiss it as a “dog bites man” story. It isn’t.

American Association of Petroleum Geologists (AAPG)
Explorer Geophysical Corner

Advancements in processing and imaging techniques have continued over the last several decades, which have gradually improved the quality of the processed surface seismic data. When the quality of the existing seismic data is not adequate to perform an interpretation task reasonably, then the interpreter looks for other options. Is it feasible to acquire a new survey? In the absence of an improved survey, will reprocessing of seismic data be a good option?

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

A new type of buoyancy model can be used to understand the source of residual oil zones, both thick and thin, to help determine the likelihood that economically viable recoverable oil resides in transition zones of imbibition reservoirs. Application of a buoyancy and breech model will fill a void in reservoir characterization. It will help distinguish between TZs and ROZs, the first of which allows application of primary and secondary (waterflooding) oil recovery methods and the second of which requires more difficult CO2-enhanced oil recovery projects.

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

Perhaps you did a double take pulling the April issue of EXPLORER from the mailbox. What is this? If you joined AAPG in the last 40 years, you’ve only known EXPLORER in its long-standing tabloid format. It worked well for many years as our advertisers – particularly seismic companies – loved the large format and the ability to display their data on a sweeping canvas. For readers, it was a little more awkward.

American Association of Petroleum Geologists (AAPG)

Headquarters Contacts

Susan Nash
Susan Nash Director, Innovation and Emerging Science and Technology, AAPG +1 405 314 7730