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For the oil industry, the most worrisome news coming out of the Middle East doesn’t involve geopolitics. It’s well known by now that Iran wants to increase production by at least 500,000 barrels of oil per day as the lifting of international sanctions allows it to resume crude exports. But Iran isn’t alone.

American Association of Petroleum Geologists (AAPG)
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With Shell abandoning its exploration plans in the Chukchi Sea in September and Statoil following suit in November, many might believe that the North Slope Basin off the northern coast of Alaska has been condemned. Yet those who have put decades into studying the geology of Alaska’s North Slope and Outer Continental Shelf believe the opposite.

American Association of Petroleum Geologists (AAPG)
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Time is running out – the early bird deadline is approaching. Register by 29 February to save £119 on a full three-day APPEX Global registration.

American Association of Petroleum Geologists (AAPG)
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Meet Michael Hall of Airbus Defence and Space who is a featured speaker at the APPEX Global 2016 Conference and Exhibition in March in London, England. This talk will review the application of the latest remote sensing technology and analysis to oil and gas exploration for improving efficiency and reducing risk.

American Association of Petroleum Geologists (AAPG)
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Meet Ben Sayers of TGS who is a featured speaker at the APPEX Global 2016 Conference and Exhibition in March in London, England. This talk will focus on the success and geology of the MSGBC basin.

American Association of Petroleum Geologists (AAPG)
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Meet Nick Holloway of IHS who is a featured speaker at the APPEX Global 2016 Conference and Exhibition in March in London, England. This paper sets out to examine the potential of horizontal drilling and multi-stage hydraulic fracturing being used outside of North America and present some preliminary ideas about the scale of the opportunities.

American Association of Petroleum Geologists (AAPG)
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Meet Hugh Mackey of Europa Oil and Gas who is a featured speaker at the APPEX Global 2016 Conference and Exhibition in March in London, England. The talk will review recent exploration activity in the North Atlantic - offshore Newfoundland and offshore West Ireland and will show that despite the low oil prices quality exploration assets continue to attract significant investment.

American Association of Petroleum Geologists (AAPG)
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In December 2015, the Committee on Offshore Science and Assessment held its inaugural meeting at the National Academy of Sciences (NAS). The committee, which was established by NAS’s Ocean Studies and Earth Sciences Boards, is sponsored by The Department of Interior’s Bureau of Ocean Energy Management (BOEM). The primary purpose of this new committee is for NAS to assist BOEM by providing ongoing scientific feedback to most effectively manage the nation’s offshore energy resources in a way that is both environmentally and economically sound.

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The long-term projections have changed little in the year since this column last reported on the annual International Energy Agency (IEA) “World Energy Outlook,” but the tone is much different. Last year’s report was concerned about finding the investments to meet demand; now the world has surpluses of oil and gas and a booming renewables industry.  
American Association of Petroleum Geologists (AAPG)
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In-Person Training
Denver Colorado United States 08 March, 2017 08 March, 2017 35007 Desktop /Portals/0/PackFlashItemImages/WebReady/sc-petroleum-economics-10jan2017-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Business and Economics, Economics
 
Denver, Colorado, United States
8 March 2017

This course will consist of lecture and exercises to assist the new industry energy professionals with understanding the principles of petroleum economics; including the value of money, quantifying financials risks in petroleum investments, rates of return, forecasting cash flows and the fundamentals of capital budgeting.

Bogota Colombia 17 May, 2017 18 May, 2017 37292 Desktop /Portals/0/PackFlashItemImages/WebReady/ws-optimizing-geoscience-and-engineering-to-explore-and-produce-in-a-low-price-environment-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Business and Economics, Economics, Reserve Estimation, Resource Estimates, Risk Analysis, Development and Operations, Engineering, Conventional Drilling, Coring, Directional Drilling, Production, Secondary Recovery, Tertiary Recovery, Reservoir Characterization, Geochemistry and Basin Modeling, Petroleum Systems, Geophysics, Seismic, Clastics, Sedimentology and Stratigraphy, Conventional Sandstones, Diagenetic Traps, Fractured Carbonate Reservoirs
 
Bogota, Colombia
17-18 May 2017

Optimizing Geoscience and Engineering to Explore and Produce in a Low-Price Environment, a Geosciences Technology workshop hosted by the American Association of Petroleum Geologists (AAPG) and the Colombian Association of Petroleum Geologists and Geophysicists (ACGGP)

Online Training
21 August, 2014 21 August, 2099 10831 Desktop /Portals/0/PackFlashItemImages/WebReady/esymp-mexicos-oil-and-gas-history-new-discoveries-opportunities-and-energy-reform-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
21 August 2014 - 21 August 2099
The goal of this e-symposium is to review the status of the Mexican upstream sector, and to provide a review of the most prolific and prospective areas in Mexico, with a focus on opportunities for international participation, given the upcoming energy reform in Mexico. 
02 October, 2014 02 October, 2014 10593 Desktop /Portals/0/PackFlashItemImages/WebReady/esymp-concepts-of-scale-horizontal-development-of-wolfcamp-shale-oil-of-the-southern-midland-basin-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
2 October 2014
This course is ideal for individuals involved in Midland Basin exploration and development. Successful development of Wolfcamp shale oil relies on complex inter-relationships (ultimately interdependencies) within and between a wide variety of scientific disciplines, financial entities, and company partnerships. 
01 January, 2014 01 January, 9999 3160 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-toc-strategic-decision-making.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2014 - 1 January 9999

Learn to critically evaluate current issues that can impact growth and sustainability of oil and gas ventures.

16 February, 2012 16 February, 2012 1483 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-seismically-driven-characterization-of-unconventional-shale-plays.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
16 February 2012

This presentation describes a proven workflow that uses a standard narrow azimuth 3D seismic, conventional logs, image logs and core data to build five key reservoir properties required for an optimal development of shale plays.

28 July, 2011 28 July, 2011 1476 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-marcellus-shale-integrating-information-to-optimize.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
28 July 2011

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

14 December, 2010 14 December, 2010 1467 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-sale-gas-in-quebecs-sedimentary-basins.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
14 December 2010

Recent interest in unconventional gas resources has attracted several oil and gas explorers to sedimentary basins in Southern Quebec.

01 January, 2013 31 December, 2016 1449 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-biomass-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 31 December 2016

Biomass Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for biopower and biofuel.

01 January, 2013 01 January, 9999 1450 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-renewable-non-renewable-resources.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

Renewable & Non-Renewable Resources is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for renewable energy.

01 January, 2013 01 January, 9999 1448 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-solar-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

Solar Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for solar energy.

01 January, 2013 31 December, 2016 1447 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-wind-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 31 December 2016

Wind Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for wind energy.

01 January, 2013 01 January, 9999 433 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-geothermal-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

Geothermal Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for geothermal energy.

14 February, 3000 14 February, 3000 7817 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-generic-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
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Cognitive bias, in its many manifestations, is the major cause of geotechnical overestimation and faulty probability forecasts in petroleum geoscience. The five most prevalent cognitive biases in petroleum E&P are: Confirmation Bias; Overconfidence; False Analogs; Anchoring; and Motivational Bias. They are caused by premature selection of theory, personal hubris, lack of perspective, lack of imagination, laziness, and excessive self-interest.

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Request a visit from Peter Rose!

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