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Business and Economics

Explorer Foundation Update

AAPG’s historic Distinguished Lecture program has undergone a revolutionary transformation aimed at extending the program’s accessibility, audience and reach.

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

In 2017, AAPG celebrated the 100th anniversary of its founding in Tulsa, Okla. This same year was also the 40th anniversary of the establishment the AAPG Energy Minerals Division. The EMD has evolved as an organization over the past 40 years to reflect the changes in the mix of resources fueling the world’s ever-increasing energy demand.

American Association of Petroleum Geologists (AAPG)
Explorer Article

November’s midterm elections in the United States brought a split decision and gave the country a divided Congress. The potential effect of the vote on the oil and gas industry and U.S. energy policy is also a toss-up, according to some analysts.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Over the past decade, Africa has steadily emerged one of the world’s leading playgrounds for oil and gas exploration.

American Association of Petroleum Geologists (AAPG)
Learn! Blog

Imagine if Siri or Alexa went to school, got an advanced degree in Petroleum Engineering and Geoscience, then went to work in the oilfield for several years, attended technical conferences, read journals and books; envision the product and the process, and you’d have NESH, the Smart Assistant for oil and gas. In addition, you have a chance to try out NESH and collaborate and explore a customizable artificial intelligence. It’s a tremendous opportunity. Welcome to an interview with Sidd Gupta, founder of NESH.

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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 Historical Highlights

Looking at the ruins of the Parthenon today, perched high on the Acropolis of Athens, it is difficult to imagine that those pollution-tainted marbles were once the pinnacle of a civilization that gave us the principles of philosophy, mathematics, logic and democracy. Looking at the ruins of what is left today of Petroleos de Venezuela S.A., it is difficult to imagine that, like the Parthenon, it once stood proudly as Venezuela’s beacon of modernity.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

There are approximately 90.55 billion barrels of undiscovered technically recoverable oil and a mean of 327.58 trillion cubic feet of undiscovered technically recoverable natural gas in the federal outer continental shelf of the United States. That’s according to a report issued by the United States Bureau of Ocean Energy Management. The exploration possibilities of all that, if not endless, are pretty encouraging.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Is the United States about to get a tax on carbon emissions? Advocates of carbon pricing seem optimistic, even confident, that the U.S. Congress will legislate a carbon fee or some other form of emissions restriction. And this comes with surprisingly little public discussion of the issue.

American Association of Petroleum Geologists (AAPG)
Workshop
Paramaribo, Suriname
Wednesday, 17 January Thursday, 18 January 2024, 8:00 a.m.–5:00 p.m.

Plan now to attend an interactive in-person workshop with industry leaders, government representatives and technical experts working in the Guyana-Suriname Basin.

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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