The handful of major international oil companies that negotiated concessions with the Angolan government in the early to mid-1990s seem like geniuses today.
In the not-too-distant past, independent oil and gas producers who ventured into the international arena to search for hydrocarbons were a rarity. Today? There's nary a raised eyebrow when even the smallest of players announces an overseas project.
Development is under way in the Gulf of Thailand on a giant gas field that's a testament to patience, compromise, perseverance and vision; two small countries and one independent oil company are set to reap the rewards of a project that started in the early 1970s.
The current shortage of drilling rigs, skilled personnel and drilling prospects serves to focus the spotlight once again on the cyclicity of the E&P business. As usual, however, the oil finders are devising creative solutions to their problems, particularly when it comes to buying and selling high quality drilling prospects.
Many companies now recognize the need for a consistent, systematic process for evaluating all their E&P opportunities.
Today, Boone Pickens is dealing with water.
Few wells have been drilled in the proposed OCS Lease Sale 181 area in the eastern Gulf of Mexico. Still, the largely unexplored area is projected to harbor some significant hydrocarbon reserves, with a possible development potential of several Tcf of natural gas and a billion or so barrels of oil.
The proposed Lease Sale 181 in the eastern Gulf of Mexico -- the area's first since 1988 -- is facing a big political showdown that goes all the way to the Oval Office.
Scott W. Tinker could be the industry's leading forward-thinker on oil and gas research.
For the third time in two months, AAPG representatives testified before a U.S. congressional committee, this time focusing on access to Outer Continental Shelf areas.
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Book Now! Exhibit and Sponsorship Opportunities Available. The American Association of Petroleum Geologists (AAPG) 2020 Annual Convention and Exhibition (ACE) will be held 7–10 June, at the George R. Brown Convention Center in Houston, Texas. ACE remains a symbol and the intellectual headquarters for providing the technology, science, and skills to help fuel our future.
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Sponsorships are now available for the American Association of Petroleum Geologists' 2020 Annual Convention and Exhibition (ACE) to be held 7–10 June, in Houston, Texas.
Exhibit space is available for the American Association of Petroleum Geologists' 2020 Annual Convention and Exhibition (ACE) to be held 7–10 June, in Houston, Texas.
One of the main objectives of petroleum exploration consists of predicting reservoir location. Data collected in the basin are used to better understand the sedimentary architecture, but are usually insufficient to accurately characterize this architecture.