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29 Apr

2nd Edition: Geological Process-Based Forward Modeling AAPG Call For Abstracts Expires in 10 days

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Explorer Emphasis Article By Heather Saucier

Geoscience Programs Evolve Through Declining Enrollment

With oil reaching historic lows, massive layoffs, a growing stigma against fossil fuels, and new fields of science with a futuristic feel, it is understandable why studying the geosciences – particularly for careers in petroleum – might strike a student as a bad idea. Most would agree the oil and gas industry has a major public relations crisis on its hands. To remain relevant, it must demonstrate the growing need for geoscientists in forward-thinking positions where job security is all but a given.

Added on 01 May, 2020

Explorer Article By David Brown

Where Is the Industry Going to Get Its Capital?

'Attracting investment capital looked like a challenge for the oil and gas industry heading into this year, as investors put increased emphasis on profitability and steady returns. At first that situation appeared to be an emerging problem. Then prices fell off a cliff, with damaging results for exploration funding. The worldwide spread of the coronavirus gutted oil demand while a dispute between Saudi Arabia and Russia left both sides threatening to increase crude production. OPEC+ eventually reached a compromise on cutting output, but most analysts felt it was too little, too late, putting oil and gas in a money crunch. '

Added on 01 May, 2020

Learn! Blog By Susan Nash

Teaching Geology in the Time of COVID-19: How to Transition to Online Learning

As geoscientists, we have a deep appreciation of the rocks themselves, whether they are in the field or in the lab. We also know that the one constant in geological history is change, and those changes can be both gradual and almost instantaneous (think Chicxulub). Now, COVID-19 is challenging educators to force face-to-face learning environments, including classrooms, laboratories, and field courses to move online. Here is a quick summary of best practices and lessons learned when it comes to transitioning from face-to-face to online learning.

Added on 01 April, 2020

Explorer Division Column DPA By John Jordan

The Painful Impact of Anti-Oil and Gas Policies

It has been said that wise people surround themselves with the smartest people they can find and then listen to them. I am always looking for opportunities to learn something about the future of oil and gas from people in other disciplines. In late February, with that thought in mind, I attended a luncheon hosted by the Unites States Association for Energy Economics at the Federal Reserve building in Houston.

Added on 01 April, 2020

Explorer President’s Column By Mike Party

When Black Swans Come in Flocks

What a difference a month makes. I discussed black swan events in last month’s President’s Column. Let me tell you, the AAPG and the oil industry just got hit with three black swan events all at once: the coronavirus, the stock market’s major drop and the oil price plunge. While the drop in the stock market and the drop in demand for oil have a direct tie to the coronavirus, the unwinding of OPEC+ has added to the oil price drop. Understandably, the events of this past month have caused an increased amount of anxiety for many people.

Added on 01 April, 2020

Explorer Article By Barry Friedman

We Happy Few

“Normally one would talk about an event like this in terms of recent discoveries and trends.” That’s Neil Hodgson, AAPG Europe president, talking about what happened – more to the point, what didn’t happen – at the recent APPEX Prospect and Property Expo in London. He has good reason for the non- announcement: recent discoveries and trends in the industry are, he believes, an ongoing occurrence for explorationists – it’s part of their DNA. What is needed right now is a re-focus – a rebirth. Listening to Hodgson, there is a sense that while he sees the clouds on the energy horizon – especially in Europe, he is more excited about the sun peeking through them.

Added on 01 April, 2020

Explorer Emphasis Article By Emily Llinás

Making Strides Exploring Colombia's Open Frontier

On Feb. 11, Colombia’s state oil company Ecopetrol signed a joint venture with Royal Dutch Shell granting the company 50-percent working interest in the Fuerte Sur, Purple Angel and Colombia-5 blocks located in the Southern Colombian Caribbean. Shell is not the only company taking note of Colombia’s offshore potential. Noble Energy entered the country in 2018 and obtained its first acreage position with a 40-percent operational stake in the COL-3 and GUA OFF-3 blocks in March 2019. Ian Gordon, Colombia country manager for Noble, said the country has a lot to offer to companies seeking offshore opportunities.

Added on 01 April, 2020

Explorer Emphasis Article By Heather Saucier

Oman Sees First Deepwater Well

In the wake of a long hiatus from discoveries that nearly made Oman obsolete in the industry, potential is brewing again. This time, it is offshore where Eni recently began drilling the country’s first deepwater well. Eni CEO Claudio Descalzi announced, “The first drilling that we are doing in the region will be in Oman in February. It will be the first (deepwater) offshore drilling in Block 52 in Oman, so it’s quite important.” Block 52 is a vast area of approximately 90,000 square kilometers off the southern and southeastern seaboard of Oman, with water depths up to 3,000 meters. The exploration well was planned just seven months after the completion of seismic data acquisition and is likely to show gas-condensate.

Added on 01 April, 2020

Explorer Emphasis Article By Heather Saucier

Power Density Shows Deepwater Fields As Most Environmentally Friendly Energy Source

In the oil and gas industry, the size of a discovery matters. And these days, so does the environmental footprint of extracting its resources. As the world continues to research sustainable energy sources, one geologist – in a rare twist – is looking to giant deepwater oil and gas fields for solutions. “If we’re looking for efficient sources of energy with manageable environmental footprints, deepwater may be the place to look,” said AAPG Member Henry S. Pettingill, consultant and former geologist for Shell and Noble Energy. While it often seems that environmental strain related to energy consumption is the focus, Pettingill suggests considering the environmental cost of extracting and producing that energy.

Added on 01 April, 2020

Explorer Article By David Brown

Coronavirus: How Will it Affect the U.S. Oil Industry?

The worldwide spread of the coronavirus demonstrates how disruptive a medical pandemic can be for the upstream sector of the oil and gas industry. In addition to presenting a huge health challenge, the crisis also means a substantial decline in world oil demand. The expectation of reduced consumption has already resulted in a sharp drop in crude prices. But for the U.S. exploration and production sector, the effects of the coronavirus pandemic might not be completely negative, according to at least one analyst.

Added on 01 April, 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

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