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Business and Economics

Explorer Emphasis Article

Put pressure on the United States to increase oil and natural gas production and the burden mainly falls on unconventional resources. Will operators be up to the challenge? Near-term projections call for U.S. oil output to grow by 1 million barrels per day. A difficult operating environment will make that increase a struggle, but the very nature of unconventionals offers cause for optimism.

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

In February, TotalEnergies announced a significant light oil discovery in the Orange Basin, offshore Namibia. Reuters reported a source suggesting that the Venus-X1 well may have found more than 1 billion barrels of oil equivalent. This was the second significant discovery announced in the basin that month. The offshore continues to deliver new oil and natural gas discoveries worldwide. And as this issue hits your inbox, the offshore is the primary topic of discussion in Houston as the 2022 Offshore Technology Conference returns to NRG Park from May 2-5.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Located in the Orange Basin, along the passive west coast of the continental margin that straddles the borders of South Africa, there has been a discovery of an oil province in Namibia – the offshore Graf and Venus fields – that likely contains billions of barrels of oil resources. That’s according to Robin Sutherland, an exploration manager for Monitor Exploration, a UK-based private exploration company involved in oil and gas exploration in Africa. Of equal importance, he said, is the recent drilling by ReconAfrica, which “clearly proves” that the Ovambo Basin, a large pre-Cambrian basin in the far north of Namibia, is oil bearing with very significant potential. “Both of these events represent major changes to our understanding of the potential of Namibia,” said Sutherland.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

These days, more uncertain than the price of gas, especially with the announcement last month from the administration to ban the import of Russian oil and gas, combined with the European Union’s decision to cut imports by 80 percent, is the question of whether the world will get the energy it needs – and who will provide it. To that end, it’s worth considering what conventional oil and gas reservoirs here in America can be drilled and placed online quickly to help fill that need.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Geoscientists and industry leaders throughout the world are preparing for the International Conference and Exhibition Cartagena 2022, AAPG’s flagship international event taking place in Cartagena, Colombia, April 19-22. Held for the last time in Buenos Aires in August 2019, ICE returns to Latin America after a three-year break imposed in part by the COVID-19 pandemic.

American Association of Petroleum Geologists (AAPG)
Explorer Article

For Colombia’s National Hydrocarbon Agency and national oil company Ecopetrol, now is the perfect time to seek opportunities in a country providing diverse geological potential, a prepared workforce and contractual stability. They believe that Colombia is that country, and they are prepared to make their case as principal sponsors and hosts of AAPG’s International Conference and Exhibition taking place in Cartagena April 19-22.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Russia’s military action against Ukraine forced the Western world to face some hard truths about that country’s powerful position in world energy markets. In Europe, the invasion produced worry about possible disruptions in vital energy imports. In the United States, it led to calls for a stronger American oil and gas sector with increased government support. Beyond the volatile up-and-down swings in energy prices immediately following the onset of the Ukraine war, concerns emerged that the incursion could have an unbalancing effect on world markets for years to come.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

The energy transition has been getting so much press that a hypothetical visitor from Mars could be forgiven for believing it will be completed “by next Tuesday.” Some universities and organizations are dropping any mention of petroleum in the interest of appearing forward-looking. We see this as timely folly based on a lack of historical perspective. History shows that energy transitions are lengthy and complicated. They never follow a prescribed path; they wander down dead-ends and evolve with pragmatic solutions unforeseen today.

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Asia’s increased appetite for natural gas ranks as one of the most important global energy stories of the past 10 years, and one of the most often overlooked. It appears likely to drive Asian exploration and energy trading for the near future.

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

Last month I wrote about the substantial increases in E&P investment necessary to ensure the availability of oil and gas supplies in the future to reduce price volatility and enhance global energy security. I drew on the analysis in a recent report of the International Energy Forum and IHS Markit. Business activity and investment in E&P remains on my mind this month, as I look forward to the upcoming NAPE Summit, from Feb. 8-11, at the George R. Brown Convention Center in Houston.

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Monday, 15 June 2020, 12:00 p.m.–1:00 p.m.

Ray Leonard will be talking to us about 'Climate Change, Covid-19 and the Effect on Energy’s Future'. Fossil fuels have led to a profound increase in world living standards but resulting emissions of CO2 and methane into the atmosphere are a primary factor in climate change. The impact of the Covid-19 pandemic of 2020 has resulted in a significant decrease in world economic activity, which in turn has led to a major, if temporary, decrease in greenhouse gas emissions, particularly CO2. Join Ray Leonard via Zoom on June 15 at 12:00 GMT+1

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American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 26 September 2013, 12:00 a.m.–12:00 a.m.

The presentation will discuss key reservoir information and how to develop a predictive pressure model.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 14 July 2020, 11:00 a.m.–12:00 p.m.

The Santos Basin is an excellent example of how much oil is kept in remote sites, just waiting to be found by bold explorationists with the will and resources needed to find them. Join Flávio Feijó to for a presentation of the history and potential for future discoveries in the Santos Basin Webinar will be presented via Zoom on Tuesday 14 July 2020 at 11am CDT (UMT-6). Register Now at Zoom

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Tuesday, 10 September 2013, 12:00 a.m.–12:00 a.m.

The goal of this e-symposium is to review an important dimension in the ways geologist can build and update geological models using information from performance data.

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)
American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 1 September 2020, 8:00 a.m.–9:00 a.m.

The “Great Crew Change” has become the “Competence Train Wreck” due to the repeated personal mis-management practices of our industry and again not anticipating the known volatility of commodity prices. Despite this, hydrocarbon based energy will continue to comprise over 60% of the world’s energy mix for at least the next half century and of that energy need over half of it has yet to be found! Personal experience in working for National Oil Companies, Parastatals, large independent oil companies, small independents, as an independent and as a consultant have given me the perspective of some of the best and some of the worst of the exploration practices the industry has to offer.

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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)
Webinar
Virtual Webinar
Tuesday, 14 April 2020, 4:00 p.m.–6:00 p.m.

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.

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

In the span of a mere few months, the much of the world went from a state of exuberant self-actualization to the most primal level of survival (health, food, shelter) insecurity. Consequently, the world has changed. Shock change due to pandemic-triggered chain reactions, supply / demand and price instability, rapid technological innovation, new plays and changing markets, distributed teams and workforces, the powerful force of social media, shortages of technical expertise, and supply chain issues have come together to create new challenges and opportunities for leadership. We will analyze how the issues relate to the oil and gas business (exploration, development, oilfield services, support services, financial sector) and we will propose solutions for immediate real-world emergencies, together with longer term challenges. In addition, we will evaluate what prominent thinkers and academics have written about leadership and strategic planning.

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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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American Association of Petroleum Geologists (AAPG)

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