HomeScience Discipline Business and Economics

Business and Economics

Explorer Article

Throughout the past decade, Brazil’s pre-salt basins and giant deepwater oil discoveries have brought significant attention to the country and to the offshore South Atlantic. Though operating in the Brazilian pre-salt play promises billions of barrels of oil, it also requires billions of dollars in investment and technology, something just a handful of companies can bring to the table. While Petrobras and international companies focus their attention on the Brazilian offshore, a handful of Brazilian companies and foreign investors have focused inland, where they are quietly starting Brazil’s onshore revolution.

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

In North America’s history of building pipelines to transport oil, natural gas and petroleum products, somewhere along the way, the process became political. By pulling the presidential permit on the Keystone XL pipeline, President Joe Biden sent a powerful message: Even if a pipeline benefits citizens and trade relations with important allies, and even if it has met or exceeded design and regulatory requirements and secured community support, its fate can ultimately be determined by a whim.

Show more
American Association of Petroleum Geologists (AAPG)
Delegates Voice Article

Steve Brachman, HoD chair, examines the House of Delegates with regard to its expenditures, revenue generated, as well as its functions and benefits to AAPG.     

American Association of Petroleum Geologists (AAPG)
Explorer ProTracks

Like many of my age cohort, I often listen to podcasts on my daily commute to work. One of my favorites is Motley Fool’s “Rule Breakers,” a stock market-oriented podcast by David Gardner. One of the common refrains he uses to describe his stock-selecting philosophy is that he looks for “dark clouds I can see through.” The premise is simple: if a company has been beaten down for a good reason, but you have line of sight on that issue being resolved, there exists an opportunity to acquire at a good value and profit from the recovery. Can we see through the dark clouds that hang over the industry today, to a brighter future?

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

How are you doing? I was telling a friend recently that I feel like Sylvester Stallone’s Rocky Balboa in the boxing ring. We’ve reached the final round, and I’m battered and bruised, my sharp jabs and uppercuts replaced by exhausted flailing. The big question – the only question – is whether this is the first fight of the film where I end up face down on the canvas, or whether it’s the second with the referee lifting my gloved hand into the air as Bill Conti’s film score soars. How about you? As the months of this pandemic drag on, how are you doing? It turns out there’s a name for what many of us are feeling these days.

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

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.

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

“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.

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

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.

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

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?

American Association of Petroleum Geologists (AAPG)
Explorer Regions and Sections

The overriding principle of AAPG’s special interest groups is to create an environment in which experienced professionals with like-minded views and concerns can come together to discuss, share, commiserate and become familiar with industry trends and Association events. Further, such groups create an environment in which individual members, including those in academia and service companies, as well as those in non-petroleum-based companies, both contribute to and benefit from programs and events of interest. The geoscience community in Kuala Lumpur, Malaysia was no stranger to the concept. For years, there was a SIG for young professionals, but the thinking was that there also needed to be something tailored for the experienced professional.

Show more
American Association of Petroleum Geologists (AAPG)
Field Seminar
Palermo, Italy
Thursday, 25 April 2024, 8:00 a.m.–9:00 a.m.

This one-day field trip will provide an introduction to a Miocene-Pliocene succession of southern Sicily, which includes outcrops of the Messinian Salinity Crisis (MSC), as well as the Messinian-Zanclean GSSP (Global Boundary Stratotype Sections and Point) and Zanclean stratotype. The MSC sedimentary record consists of an evaporitic-carbonate unit at the base (the Basal Limestone), overlain the Lower Gypsum unit, in turn overlain by the Upper Gypsum unit, and sealed by transgressive chalk deposits of the Trubi Fm. The Lower Gypsum unit (massive gypsum with cm-sized selenite crystals) will be visited along the beach of Siculiana Marina (about 15 km NW of Agrigento). Next, we will visit near Capo Rossello (about 10 km NW of Agrigento) an outcrop of the Upper Gypsum unit consisting of clay-gypsum cycles and overlain by the Trubi Fm. The latter, at Scala dei Turchi beach, consists of chalk deposits arranged in a spectacular thick succession (~120 m thick) interpreted as astronomically-controlled depositional cycles. The uppermost interval of the MSC sedimentary record, including the Messinian-Zanclean GSSP, will be observed along the beach of Eraclea Minoa located about 20 km NW of Capo Rossello. Pricing Fee: €50 Attendee Limit: Min 15 - Max 50 People Registration Deadline: 11 April 2024 Field Trip Rendezvous Point Hotel nH Palermo Field Trip Leaders Antonio Caruso University of Palermo Attilio Sulli University of Palermo

Show more
American Association of Petroleum Geologists (AAPG)
Field Seminar
Palermo, Italy
Sunday, 21 April 2024, 8:00 a.m.–5:00 p.m.

This one-day field trip will focus on Mesozoic (Jurassic to Cretaceous) carbonates outcropping in the fold and thrust belt of western Sicily and equivalent to the aquifer complex of the Sciacca Geothermal Field located in the southwestern part of the island. Participants will have the opportunity to visit in the first stop a spectacular “drowned” carbonate-platform succession at Mt. Maranfusa located in an inactive quarry about 50 km SW of Palermo. The succession consists of Lower Jurassic peritidal cycles overlain by Middle Jurassic to Cretaceous pelagic limestone (e.g. ammonitic limestone, “chalk”) and marked by an unconformity with locally hardground. Syn-depositional Mesozoic tectonic is characterized by neptunian dykes and normal faults, whereas reverse faults, strike-slip faults, and joints are related to subsequent Cenozoic deformation. In the second stop, at Mt. San Calogero, adjacent to the picturesque coastal town of Sciacca (about 100 km south of Palermo), we will visit the surface expression of an extensive karst system linked to uprising geothermal fluids. Furthermore, we will discuss main characteristics of the Sciacca Geothermal Field and its connection to deep mantle-derived fluids. Outcrop data will be integrated with both 2D seismic lines and exploration well logs showing the stratigraphy and structure of the deep aquifer. Given the presence of faults and joints in the outcrops, this field trip can provide the participants with valuable insights into naturally fractured reservoirs at the sub-seismic scale. Pricing Fee: €50 Attendee Limit: Min15 - Max 45 People Registration Deadline: 11 April 2024 Field Trip Leaders Gianni Mallarino MOL Group Attilio Sulli University of Palermo

Show more
American Association of Petroleum Geologists (AAPG)
Field Seminar
Banff, Canada
Saturday, 11 May 2024, 8:00 a.m.–3:00 p.m.

Time: 8:00am - 5:00pm Fee: $300 AAPG members $350 Nonmembers $200 Academic/AAPG Emeritus Members $50 discount for workshop registrants Fee Includes: Transportation Insurance Field guide Entrance fee to Banff National Park Registration available during workshop registration This field trip will focus on the structural geology of the foothills and Front Ranges of Banff. Participants will be able to view excellent field examples of structures very similar to the producing oil and gas fields in the foothills to the west of Calgary and to learn about the complexities of sub-seismic-scale deformation. The field trip starts with an introduction to the interaction between thrust front with foreland basins and the interaction of basement trends with thrust belt geometries and (conventional) hydrocarbon fields. During the 1-day trip participants will follow a dip transect from the undeformed foreland basin, the eastern edge of the foothills marked by the triangle zone, the Front Ranges boundary and end at the Main Ranges west of Banff. Field Trip Itinerary Depart from Calgary – 8:00 a.m. Stop 1: Cochrane Retreat Road Overlook Trip overview and introduction; safety and logistics comments; interaction of thrust front with foreland basin; interaction of basement trends with thrust belt geometry and (conventional) hydrocarbon field distribution; appreciation of scale for subsurface play fairway. Stop 2: Scott Lake Stop 3: The Stony Nakoda Tim’s Classic stop, with historical importance for understanding the thrust belt and thrust geometry. Part 1 of displacement gradient on a large thrust. Most importantly, toilet stop after all the Tim’s coffee and driving. Review of Mt Yamnuska from a different perspective; preview of drive through McConnell damage zone and change in HW stratigraphy.. Stop 4: Lac des Arcs Imbricate thrust sheets in the Front Ranges and Banff Formation. Stop 5: Canmore T-junction Observe complexities of sub-seismic-scale deformation in mechanically layered rocks in the footwall of a large thrust Stop 6: Canmore strike view of the Rundle thrust Exposed strike view analogous to a cut-away of a giant conventional Foothills hydrocarbon field such as Turner Valley. Cross faults within the thrust sheet offset potential reservoir units at sub-seismic scale. Cross faults are arguably part of a regional trend associated with deeper, basement-rooted NE-SW structures. Stop 7: Mt Norquay Overlook Stop 8: Bow Falls Fracture systems in the Vega Siltstone Mbr of the Triassic Sulphur Mtn Fm. This outcrop of Vega Member siltstone of the Sulphur Mtn Fm is considered equivalent to upper Montney Fm. We will focus on the outcrop adjacent to the steps up to the Falls overlook.

Show more
American Association of Petroleum Geologists (AAPG)
Workshop
Palermo, Italy
Monday, 22 April Wednesday, 24 April 2024, 8:00 a.m.–5:00 p.m.

This Symposium marks a collaborative event that brings together AAPG Europe and AAPG Middle East, with a central focus on carbonates and mixed carbonate systems worldwide, while highlighting their significance within these two regions. The primary objectives are an overview of controls that govern the evolution of these systems in time and space and the characterization and prediction of their properties across scales.

American Association of Petroleum Geologists (AAPG)
Workshop
Abu Dhabi, UAE
Monday, 27 May Wednesday, 29 May 2024, 8:00 a.m.–5:00 p.m.

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.

Show more
American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Tuesday, 9 September 2014, 2:00 p.m.–3:00 p.m.

Water cut is a big factor in gauging the success of horizontal drilling in the Mississippi Lime Play (MLP). The contributing factors are related in part to the spectrum of producing lithofacies and reservoir quality encountered that varies laterally and vertically, sometimes dramatically. 

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 14 July 2020, 3:00 p.m.–4:00 p.m.

A Bacia de Santos é um excelente exemplo de quanto petróleo é mantido em locais remotos, apenas esperando ser encontrado por exploradores ousados com a vontade e os recursos necessários para encontrá-los. Junte-se a Flávio Feijó para uma apresentação da história e do potencial para futuras descobertas na Bacia de Santos O webinar será apresentado via Zoom na terça-feira, 14 de julho de 2020, às 15:00 CDT (UMT-6). Register Now at Zoom

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 19 November 2020, 12:00 p.m.–1:00 p.m.

Another in a series of AAPG Visiting Geoscientist Presentations organized by the Manchester University AAPG Student Chapter. Sponsored by BP. Presented by Visiting Geoscientist Elda Miramontes, University of Bermen, Germany Webinar presented via Zoom on 19 November at 5:00pm (GMT-0)

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 23 July 2009, 12:00 a.m.–12:00 a.m.

As commodity prices have dropped, many shale plays have become uneconomical as statistical plays and have increasingly become recognized as geological plays demanding new insights from data.

American Association of Petroleum Geologists (AAPG)
American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 27 August 2020, 3:00 p.m.–4:00 p.m.

There are over 300 known active onshore mud volcanoes globally, and many more offshore. Mud volcanoes are subsurface fluid escape features in which high pore pressures drive fluids, gases, and subsurface sediments to the surface. This talk will summarize mud volcanoes around the world and examine mud volcano plumbing systems and their link to petroleum systems.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 21 May 2009, 12:00 a.m.–12:00 a.m.

This e-symposium introduces you to the practical benefits of thermal profiling for a variety of unconventional oil and gas projects, including tight gas sands, oil shale, low-gravity oil.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 18 August 2020, 8:00 a.m.–9:00 a.m.

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. Atmospheric content of CO2 and methane have risen 146% and 257% respectively since pre-industrial time and the rate of increase through 2019 has accelerated. If significant steps are not taken in the coming decade to halt the increase in greenhouse gas emissions (GHG), a phase may be reached in the 2030-2050-time frame described as a “tipping point”, in which steady changes may be replaced by a large-scale change in the climate system. The Middle East is an area of high climate change vulnerability in the coming decades due to extreme temperatures, sea level rise and changing weather patterns.

Show more
American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 21 May 2020, 9:00 p.m.–10:00 p.m.

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.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 8 December 2011, 12:00 a.m.–12:00 a.m.

This e-symposium focuses on methods for predicting connectivity within clastic fluvial systems.

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.

Show more

Request a visit from Sherilyn Williams-Stroud!

American Association of Petroleum Geologists (AAPG)

Related Interests

See Also ...