Big Oil and Gas Firms Deepen Investment in Carbon Capture - 11 April, 2024 07:30 AM
2nd Edition: Geological Process-Based Forward Modeling AAPG Call For Abstracts Expires in 11 days
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Increasing global concern about climate change and its impact on the environment and society has led to a variety of strategies to reduce carbon dioxide emissions and to remove CO₂ from the atmosphere and find places to store it. Many companies are hard at work to perfect methods of carbon capture, use, and storage. Franek Hasiuk, associate scientist at Kansas Geological Survey, said CCUS is the best technology available to reduce emissions produced by the global economy. Hasiuk is part of a team of scientists working on the Integrated Midcontinent Stacked Carbon Storage Hub, a project to investigate subsurface geology in southwest Kansas and southwest Nebraska and demonstrate the viability of injecting CO₂ into underground rock layers.
Unconventional resource development has a remarkable history, combining breakthroughs and advances in both technology and geoscience. The pace of progress might have slowed in recent years, but that history is still being written.
AAPG has a long history as a proactive organization focused on advancing geology, especially as it relates to petroleum, natural gas, other subsurface fluids and mineral resources. As part of this focus, AAPG supports the vital role that AAPG geoscientists play in improving the human condition while minimizing environmental impacts as our members tackle the energy transition’s immense challenges. To this end, future issues of the Environmental Geosciences journal are becoming part of the AAPG Bulletin.
It is sometimes said that every good idea and every innovation needs a good story. After 2020 we are now re-writing our individual and collective stories. Post COVID-19 reality has allowed AAPG members to reach beyond their normal geographical areas of influence. It is said that “necessity is the mother of all invention.” If that’s the case, then as a corollary I say that “failure is the father of most innovation.”
The best-case outlook for the future of world energy looks highly positive for the oil and gas industry. In that outlook, energy demand returns to pre-pandemic levels and production increases as the world’s economies recover, giving the industry an opportunity for a strong rebound and years of attractive growth. But other scenarios could put roadblocks in the way of exploration and production, some of them potentially coming from the energy industry itself. OPEC+ definitely holds one key to the future, and the global energy transition appears to have picked up a considerable amount of momentum over the past year and a half.
“If you care about the climate, elimination is not the way to go. Innovation is,” said Sen. Joe Manchin, D-W. Va., chairman of the Senate Energy and Natural Resource Committee, at a forum sponsored by General Electric and hosted by the news website Axios on the eve of President Joe Biden’s global climate summit last month. That the summit was held during Earth Day was not a coincidence. The forum, which also included as guests, Southern Company Chairman, President and CEO Thomas Fanning, and GE Chairman and CEO Larry Culp, was part of the media company’s “Energy Forward” series, which focuses on politics and policies surrounding sustainability, energy efficiency and new technologies in the coming decades.
In the quest to reach net-zero emissions of energy-related carbon dioxide by 2050, a longtime goal of the United States, other world governments and energy agencies, no one is even close to achieving it. Despite 2020’s largest decline in emissions as a result of less energy usage during the COVID-19 pandemic, the EIA anticipates “a rapid rebound in energy demand and emissions” this year. Furthermore, they project that by 2050, U.S. energy-related emissions will be 5-percent higher than 2020 levels. Although it looks unlikely, net-zero carbon emissions by 2050 is possible, according to at least one notable expert within AAPG, but not without a strong reliance on nuclear energy.
When the Biden administration effectively canceled the Keystone XL Pipeline as a first order of business in January, environmentalists all over North America celebrated a major victory. “There was no magic to how we beat the Keystone XL Pipeline – it was grit, shared leadership and never forgetting who and what we were fighting for,” said the chair of the Nebraska Democratic Party. But did they really know what they were fighting for?
New ground-breaking advances are currently being made at the Utah Frontier Observatory for Research in Geothermal Energy using methods borrowed from the oil and gas industry for unconventional hydrocarbon development. Recently, geothermal history was made when Utah FORGE successfully completed the first of two highly deviated deep wells in the hot, hard granite that will form the geothermal reservoir.
Salt tectonics may be “an outlier in this country’s university training in structural geology,” but geologists entering the petroleum industry will almost certainly find themselves dealing with the topic, explained Mark G. Rowan of Rowan Consulting in Boulder, Colo. A growing understanding of how they form – especially since the 1980s – has been helpful in increasing their importance to exploration and production. Rowan discussed “Salt Diapirs – What Are They, How Do They Form and What is Their Role in Hydrocarbon Exploration?” at the recent Visiting Geoscientist Program Super Session organized by AAPG and the AAPG Foundation.
In order to support the energy transition, optimizing exploration and production from complex stratigraphic-diagenetic conventional and unconventional plays remains highly important. At the same time, Carbon Capture and Storage (CCS) poses new technological challenges that will impact both the industry and academia for decades to come. This 2nd edition will present reviews and discuss technology developments in geological process-based forward modeling achieved during the last 2 years. New perspectives for future technology developments and implementation in industry workflows will be discussed and with the additional focus on CO₂ storage and other sustainability-related applications, the scope of the workshop will be considerably extended.
This e-symposium provides highlights of the hydraulic fracturing mechanics, analysis, and design, and is derived from a two and one-half (2-1/2) day course which is designed for drilling, completion, production engineers, engineering technicians, geologists, well-site and completion supervisors, and managers, who desire to possess a comprehensive and integral knowledge of Hydraulic Fracturing.
On July 15th, Raffaele Di Cuia and other members ouf the committee for our upcoming Workshop 'Structural Styles and Hydrocarbon Prospectivity in Fold Thrust Belt Settings: A Global Perspective' will be joining the Let's Connect webinar. The call for abstracts for this workshop, to be held in November in Barcelona is open until July 30th. Join this webinar and learn more about how to tackle the issues of Thrust Belt Settings! Register for the webinar and learn more about the face to face GTW!
Irewole Ayodele discusses the role of Geosciences when evaluating reservoir assets for mergers and acquisitions. In this presentation, Irewole Ayodele will provide a broad overview of M&A initiation and due diligence in the oil and gas industry. Then more details will be provided on the role of geoscientists in conducting due diligence on oil & gas assets. The lecture will use a few case studies showing what kinds of red flags and pitfalls acquirers should be able to spot, mitigate or avoid for a successful M&A valuation process. Webinar presented via Zoom on 26 November at 5PM Dubai time.
Join us for 'New Approaches for Start-Up Success' where we will discuss selecting companies to invest in now, the game changers program now, profile of a successful drone and robotics start-up and how we adapted our pitch for the pandemic. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 27 May 2020.
Mississippian strata in the Ottawa County, Oklahoma, within the Tri-State Mining District, are a well-known hosts to MVT lead and zinc ore deposits. They are also important to our understanding of the geological story of the southern midcontinent. Join us for a virtual float trip down the Spring River in northern Oklahoma. We will explore the Middle Mississippian (Visean; upper Osagean-lower Meramecian) strata of the Boone Group as exposed in roadcuts, quarries, and natural outcroppings across Ottawa County in northeastern Oklahoma.
Henry W. Posamentier discusses the application of 3-D seismic stratigraphic analyses to the mitigation of risk associated with lithology prediction prior to drilling – workflows and techniques. Principles and workflows of seismic stratigraphy and seismic geomorphology will be discussed and numerous examples will be shown from a variety of different depositional settings.
Sequence stratigraphy is a method for stratigraphic interpretation, pioneered by Vail and colleagues in the mid 70’s, which explains the complex geometries that sediments create as they fill accommodation in response to changes in rates of sedimentation, subsidence, uplift and eustasy. This method was developed based on observations and concepts developed as early as in the 1800’s. Based on this strong scientific foundation, pioneer work from Caster, Sloss, Wheeler, Campbell, and Asquith established the basis for the methodology. These researchers established a new way to correlate stratigraphic units, demonstrating the time-transgressive nature of lithostratigraphic formations.
Join us for 'Pivoting 2021: Energy Industry Supply Chains'. Panelists will discuss some of the most prominent advances in supply chain practice, including provenance, authenticity assurance, blockchain, automation, multiple sourcing, and 3D printing. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 14 April 2021.
The Upper Jurassic (Oxfordian) Smackover Formation is one of the most prolific oil and gas producers in the northeastern Gulf of Mexico coastal plain, where it deposited in a proximal carbonate ramp. This study is a comprehensive characterization of the depositional environment of the Smackover based on 3D seismic and well data from wells in the Vocation and Appleton oil fields located in the Conecuh and Manila Sub-basins in southwest Alabama.
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.
Local sea-level changes are not simply a function of global ocean volumes but also the interactions between the solid Earth, the Earth’s gravitational field and the loading and unloading of ice sheets. Contrasting behaviors between Antarctica and Scotland highlight how important the geologic structure beneath the former ice sheets is in determining the interactions between ice sheets and relative sea levels.
Request a visit from Alex Simms!
President Biden has laid out a bold and ambitious goal of achieving net-zero carbon emissions in the United States by 2050. The pathway to that target includes cutting total greenhouse gas emissions in half by 2030 and eliminating them entirely from the nation’s electricity sector by 2035. The Office of Fossil Energy and Carbon Management will play an important role in the transition to net-zero carbon emissions by reducing the environmental impacts of fossil energy production and use – and helping decarbonize other hard-to abate sectors.
Request a visit from Jennifer Wilcox!
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