HomeScience Discipline Business and Economics

Business and Economics

Explorer Article

When the International Petroleum Technology Conference comes to Saudi Arabia in February, the technical program will include a significant look at both unconventional oil and gas and conventional tight oil in the Middle East. Those are two different concepts in the region and the distinctions are important. The Middle East holds a large conventional tight oil resource, now emerging as a serious focus for development. With so much recent attention devoted to unconventional resources, conventional tight oil could be considered an overlooked sibling.

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

Worldwide oil and gas exploration results took a major hit from reduced investment and the ongoing COVID pandemic last year. Cautious industry spending and overall selectivity over prospects likely reduced discoveries to their lowest annual level in 75 years. Here’s the recommendation from one industry analyst for 2022’s global exploration and supply outlook: Stay chill for now.

American Association of Petroleum Geologists (AAPG)
Explorer Article

In the IEA’s “Net Zero by 2050” report, which outlines a comprehensive pathway for a global transition to zero emissions by mid-century, the agency states that much of the technology needed to make a timely transition has not yet been developed. Emerging technologies, such as improved battery storage, low-carbon hydrogen production and carbon capture utilization and storage, show “encouraging” progress, but the world significantly lags behind in power generation and end-use sectors, specifically industry, buildings and transport.

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

Thanks to continuing advances in reservoir characterization, technology and innovative thinking, many oil fields around the globe have “grown larger” in recent decades. John Sneider, president of Sneider Exploration Inc., documented examples of mature field growth 20 years ago and recently revisited the topic to focus on mature giant fields. This updated analysis is detailed in chapter 4 of the new AAPG Memoir 125: “Giant Fields of the Decade: 2010 – 2020.”

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Division Column DPA

There is no denying there are massive changes happening around the world today, seemingly as a reaction to the emergence of the COVID/Wuhan virus. However, while the virus might be a catalyst of change, other factors are in play too. Many leaders around the world seem to share in the sentiment expressed by the founder and executive chairman of the World Economic Forum, Klaus Schwab, who recently wrote, “The changes we have already seen in response to COVID-19 prove that a reset of our economic and social foundations is possible,” in the interest of promoting the WEF’s proposed “Great Reset” of the global economy.

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

Last month Houston hosted the 23rd World Petroleum Congress with more than 5,000 attendees from 70 countries. After a one-year postponement due to the global pandemic, energy leaders from across the globe gathered to discuss the future of energy. And the tone of the discussion was sobering. Following on the heels of November’s COP26 meeting in Glasgow, there was recognition that political and societal pressures are shifting the energy sector and the industries in it. But there was widespread concern that the expectations underlying these pressures for change were unrealistic. That those pushing hardest for change lacked a fundamental understanding of what transforming the global energy sector truly entailed, what it would look like when it was complete and the dangers looming from getting it wrong.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

Before unconventional resources became prevalent in the global petroleum supply, deepwater exploration and development was a significant focus for many larger companies. For deepwater activities to succeed, the petroleum industry was forced to merge its above-ground concerns with the below-ground geoscience and engineering disciplines.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Producers finally got some relief in 2021. Oil and gas prices recovered from their pandemic lows and remained at high levels through most of the year, as increased production could not keep pace with a global demand recovery. It was a year when higher prices helped energy producers strengthen their balance sheets and improve their bottom lines.

American Association of Petroleum Geologists (AAPG)
Explorer Article

While the COVID-19 pandemic ground the world to a halt in 2020, crisis led to creativity and opportunity in many parts of the world. For four geoscientists in Colombia, the pandemic became the perfect time to serve their country and their profession. In May 2020, two weeks after oil prices dropped below zero, Colombia’s Ministry of Science, Technology and Innovation launched a bidding contest allocating nearly $3 million to finance geoscience research projects for the hydrocarbon sector.

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

One of the more provocative but less publicized initiatives introduced at the recent United Nations Climate Change Conference in Glasgow is an international effort to end oil and gas exploration and production. The Beyond Oil and Gas Alliance, created by Denmark and Costa Rica, officially launched its program at COP26.

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
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
Thursday, 3 June 2010, 12:00 a.m.–12:00 a.m.

Upon successful completion of this course, you will be able to describe faults and fractures in carbonates, black shales, and coarser clastics as they occur in the northern Appalachian Basin.

American Association of Petroleum Geologists (AAPG)
Webinar
London, England
Wednesday, 24 February 2021, 2:30 p.m.–3:30 p.m.

Since the first explorationists discovered the subsurface potential in Tunisia, the country’s institutions took the role of a partner rather than only a regulator. Today, one of ETAP missions is promoting exploration opportunities in Tunisia through both regional and targeted approaches, including sharing knowledge, high-quality data and best practices. ETAP commits to supporting continued drilling activity in mature areas and encouraging/incentivizing exploitation of new and emerging plays.

Show more
American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 9 June 2021, 7:00 p.m.–8:30 p.m.

Join us for 'Pivoting 2021: The New Way to Work'. Panelists will discuss the way that work is done, both in operations and support roles, and discuss specific examples of technologies being used, and how they contribute to a safer, more efficient and profitable endeavor. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 9 June 2021.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 25 June 2020, 8:00 a.m.–9:00 a.m.

Panelists will discuss current unconventional resource activities in North America, including key plays that remain competitive and potential for future growth. They also will address the key challenges for unconventional resources to stay competitive in the global market: maintaining cashflow, reducing expenditures, improving capital and production efficiencies and managing resources. Virtual Forum to be presented via Zoom.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 9 June 2020, 4:00 p.m.–5:00 p.m.

Visiting Geoscientist Susan Morrice shares her personal experience and insight in this talk about opportunities for geoscientists. “Geoscientists have advantages ... They are Time Travellers and have open minds. Bringing this creativity and innovation to your company or starting your own! Challenging times bring silver linings!”

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 31 October 2023, 12:00 p.m.–1:00 p.m.

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.

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, 12 May 2020, 5:30 p.m.–6:30 p.m.

Both climate change and the most recent coronavirus pandemic have generated multiple impacts on society. Though on the surface the crises appear to be unrelated, they have more similarities than differences. The common elements shared by Covid-19 and climate change promote the development of comprehensive solutions that mitigate both crises simultaneously. This talk examines how actions and strategies developed for the energy transition can help to address the multiple challenges that the world faces today.

Show more
American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 12 May 2021, 7:00 p.m.–8:30 p.m.

Join us for 'Pivoting 2021: Opportunities with Earth Imaging Technologies'. Panelists discuss the newest developments and directions in drones, satellite imagery, and other ways to acquire and process images of the Earth's surface. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 12 May 2021.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 9 September 2010, 12:00 a.m.–12:00 a.m.

The presentation will focus on hydraulic fracture geometry in shales, the materials used in the fracturing process, and treatment monitoring via microseismic.

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 ...