Explorer Article

How the oil and gas business finds investors is changing. Again. But it may change back. Or not. “The private equity firms that have traditionally funded new hydrocarbon companies are facing new pressure from their investors to stop placing capital in oil and gas, and the desire for quick profit – or even profit at all – has become secondary to a perceived battle against carbon dioxide,” said Don Burdick, who understands how counterintuitive not making a profit sounds. On the surface, it’s a startling development.

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American Association of Petroleum Geologists (AAPG)
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

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

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 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 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 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.

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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.

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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, 19 August 2010, 12:00 a.m.–12:00 a.m.

This presentation will show where there are cases of missing sections, but none of them can be attributed to normal faulting.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 2 October 2014, 2:00 p.m.–3:00 p.m.

This course is ideal for individuals involved in Midland Basin exploration and development. Successful development of Wolfcamp shale oil relies on complex inter-relationships (ultimately interdependencies) within and between a wide variety of scientific disciplines, financial entities, and company partnerships. 

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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Request a visit from Sherilyn Williams-Stroud!

American Association of Petroleum Geologists (AAPG)

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