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 Article

While it is evident that the world will rely on oil and gas for years to come, some industry geoscientists are paving a path toward a future in alternative energy and other geoscience-related careers. Geoscientists are needed for research and development in areas of geothermal science, minerals and mining, and carbon and energy storage. They also are needed for projects that require knowledge of geology, subsurface imaging, reservoir development, satellite mapping, geotraining, multiphysics and smart data solutions.

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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

The energy transition has been getting so much press that a hypothetical visitor from Mars could be forgiven for believing it will be completed “by next Tuesday.” Some universities and organizations are dropping any mention of petroleum in the interest of appearing forward-looking. We see this as timely folly based on a lack of historical perspective. History shows that energy transitions are lengthy and complicated. They never follow a prescribed path; they wander down dead-ends and evolve with pragmatic solutions unforeseen today.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

As the United States looks for ways to decarbonize its energy sources, some believe the nation’s abundant gas reserves – estimated at 495 trillion cubic feet in 2019 by the U.S. Crude Oil and Natural Gas Proved Reserves – can play an important role. Using the steam methane reforming process, the numerous petrochemical plants along the Gulf Coast are the No. 1 producers of hydrogen in the nation. Because this hydrogen is produced with a CO2 byproduct, it is not considered a clean energy. However, by integrating carbon capture, utilization and storage into the SMR process, a clean form of hydrogen could be produced and used for process heating, in gas turbines that generate electricity, in shipping vessels and in the petrochemicals industry.

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American Association of Petroleum Geologists (AAPG)
Explorer Division Column EMD

Many members of the Energy Minerals Division are researching or working to develop non-fossil energy resources, including geothermal, critical and nuclear minerals, and some “colors” of hydrogen, all in service to human civilization’s ongoing energy transition. Over the years, there has been a variety of reasons given for why the current transition is necessary. These are very real and important concerns, but what often gets left out of the public discourse on the energy transition is how complex and disruptive it will be, especially if we’re going to meet any of the ambitious goals set for this century.

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

Last month I wrote about the substantial increases in E&P investment necessary to ensure the availability of oil and gas supplies in the future to reduce price volatility and enhance global energy security. I drew on the analysis in a recent report of the International Energy Forum and IHS Markit. Business activity and investment in E&P remains on my mind this month, as I look forward to the upcoming NAPE Summit, from Feb. 8-11, at the George R. Brown Convention Center in Houston.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

The cloud forests in Western Colombia’s Andes Mountains are home to a diverse group of indigenous communities including the U´wa people. Community traditions prohibit members from using energy from non-renewable sources, so most lack access to electricity. Without computers and the internet, U’wa children’s education lags behind that of other Colombians. The story changed for one U´wa village when a group of geology students and AAPG Chapter members decided to reach out.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Considering that geothermal energy can supply power 24/7 for hundreds of years, it can use existing infrastructure from retired coal and nuclear plants, it is extremely attractive to investors, and that it creates more jobs than wind and solar energy, the question arises: Why does so much of this clean, natural resource remain in the ground? That was the topic of discussion at the “Geothermal 101” Geosciences Technology Workshop, hosted recently by AAPG and Bureau of Economic Geology at the University of Texas at Austin.

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

As the United States and other developed countries embrace the prospect of transitioning to renewable energy, the need for critical minerals is skyrocketing. Solar plants, wind farms and electric vehicles require more minerals to build than their fossil fuel-based counterparts. For example, a typical electric car requires six times the mineral inputs of a conventional car, and an onshore wind plant requires nine times more mineral resources than a gas-fired plant, according to the International Energy Agency. Addressing the exploding need for critical minerals and how petroleum geoscientists can lead such efforts, members of AAPG’s Energy Minerals Division came together to discuss the future of critical minerals at the International Meeting for Applied Geoscience and Energy conference in Denver.

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American Association of Petroleum Geologists (AAPG)
Workshop
Lisbon, Portugal
Wednesday, 21 June Thursday, 22 June 2023, 8:00 a.m.–5:00 p.m.

Secure energy supply and energy immediate availability are key subject for a peaceful and sustainable growth in developed countries and in particular in Europe. This workshop will bring together professionals working in industry and in academia to share experiences, present-day work and future visions related to all geo-subjects involving exploration and development of energy sources in the subsurface.

American Association of Petroleum Geologists (AAPG)
Workshop
Lviv, Ukraine
Thursday, 21 September Friday, 22 September 2023, 8:00 a.m.–5:00 p.m.

Join us for a workshop where experts will  explore the Carpathian foreland and the Dnieper-Donetsk rift basins with a focus not only on hydrocarbons, but the utilization of geothermal resources, hydrogen exploration and CCUS.

American Association of Petroleum Geologists (AAPG)
Online Certificate Course
Tuesday, 1 January 2013, 12:00 a.m.–1:00 a.m.

Wind Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for wind energy.

American Association of Petroleum Geologists (AAPG)

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