Explorer Historical Highlights

Little more than a novelty when first discovered, helium has become a key commodity. It is used extensively in medical cryogenics, analytical and lab applications, breathing mixtures, as a lift gas, for arc welding, leak detection and, contrary to popular belief, only a little is used to inflate party balloons. There are few substitutes for helium and so, as its applications have become more common, demand has grown and supply is struggling to match demand.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

With OPEC increasingly overshadowed by Saudi Arabia and Russia’s cooperation, and the United States’ escalating production, who holds the power in the global oil arena?

American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

By the time they are drilled, almost all exploratory ventures today will have been geotechnically, statistically and economically analyzed to estimate their ultimate recovery of oil or natural gas, or its EUR, and its present monetary value, or PV, given discovery. This process is generally known as “exploration risk analysis” and it evolved primarily as a response to an endemic problem: explorers were discovering less than half of the EURs they forecast for their investors.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

An old joke used to be told in Israel: Why did Moses so unwittingly lead the Jewish people to the land of milk and honey and not to one of its petroleum-rich neighbors? Not anymore. In the last decade, giant gas fields have been discovered in the Eastern Mediterranean Sea offshore Israel, and offshore gas is rapidly becoming the main source of energy for power generation.

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

Notwithstanding the increases in oil prices we’ve seen in recent years, the cost controls put in place in response to the downturn persist. And it’s not just E&P companies looking to the future and tightening their belts. The major oil and gas producing economies are, too.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

A strategy gaining force to reduce risk and improve decision-making in recent years is “integration,” the practice of combining disparate teams to complete single projects. Integrated teams are increasingly common in the energy sector, where single business units include geologists, geophysicists, petrophysicists, engineers and other professionals who work on a common project.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

The world is awash in oil at the moment, but with chronic underinvestment in exploration coupled with global energy demand steadily rising, the stage may be set for an oil price spike in the years to come, according to some analysts. Others, on the other hand, predict that improved production methods and project efficiency will go a long way toward meeting supply demands with existing reserves.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Saudi Aramco hopes to push the boundaries of exploration by creating and encouraging new technologies. The company said it is pursuing the promise of “the fourth industrial revolution” through Big Data and supercomputing and investigations into nanotechnology applications.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Oil companies made huge cuts in their exploration budgets during the 2015-17 industry downturn, canceling or postponing up to $1 trillion overall in scheduled and planned projects. At the same time, success rates for international exploration dropped to 50-year lows. The outlook for future reserves has stumbled, if not tumbled.

American Association of Petroleum Geologists (AAPG)

Office Contacts

Abeer Al Zubaidi AAPG Middle East Office Director +971 4 372 4201