Home

Business and Economics

Explorer Emphasis Article By David Brown

A 'Leaner, Cleaner, Greener' Oil and Gas Industry

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.

Added on 01 September, 2020

Explorer President’s Column By Rick Fritz

Our Suspicions, Mathematically Confirmed

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.

Added on 01 August, 2020

Explorer Director’s Corner By David Curtiss

AAPG in a World of Shifting Values

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.

Added on 01 August, 2020

Explorer Article By Emily Llinás

Cancel, Postpone or Transform

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.

Added on 01 August, 2020

Explorer Article By Barry Friedman

Managing Business Risk through Social License to Operate

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.”

Added on 01 August, 2020

Explorer Article By David Brown

The Perils of Prediction in An Unprecedented Time

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.

Added on 01 August, 2020

Explorer Article By Ryan Lemiski

Brand Fatigue Hinders AAPG Sustainability

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.

Added on 01 July, 2020

Explorer President’s Column By Rick Fritz

A Changing World and a New AAPG

“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?

Added on 01 July, 2020

Explorer Director’s Corner By David Curtiss

Expect a Slow Rebound In This Unprecedented Time

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.

Added on 01 July, 2020

Explorer Historical Highlights By Martina Kölbl-Ebert

German Petroleum Geology from the Third Reich to the Iron Curtain

The German oil industry did not employ geologists until the 1920s. Instead, they relied on geological surveys and other resources from universities, predominantly from Jakob Stoller of the Prussian Geological Survey. After World War I, with the beginning of private motorization and the interest of the military, demand for oil began to increase. This led to the establishment of a separate department of petroleum geology and the employment of a young geologist, Alfred Bentz, as assistant to Stoller.

Added on 01 July, 2020

DL Abstract By Sherilyn Williams-Stroud

Atmospheric and Social Climate Change: Implications for the Future Geoscience Workforce

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.

Request a visit from Sherilyn Williams-Stroud!

Added on 14 September, 2023

Business and Economics

Related Interests

See Also ...

STAY CONNECTED: