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Business and Economics

Explorer Emphasis Article

Can predictive data analytics, a cutting-edge tool for exploration, lead to a future boom in new field discoveries and reserve additions? If it does, predictive analytics predicted it.

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

Many of us as petroleum geoscientists, whether recent graduates or experienced professionals, are confronting significant disruption in our chosen profession. The oil and gas business today is, once again, in transition. How do we each individually adapt this to this new reality? It’s by exploring breadth – range – not just the depths of specialization.

American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

History is repeating itself today as low oil prices force collaboration between OPEC and non-OPEC producers. An historical analysis of the real global price of oil shows that OPEC will push up prices when the value of oil drops, as in 1995, or work with non-OPEC countries to defend a value floor, as in 1999 and in 2016 until the present. This value floor is defined by times when OPEC advocated abandoning the U.S. dollar as a basis for pricing oil, or when OPEC and non-OPEC countries collaborated.

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

In a world that has seen rock-bottom oil prices, a sharp decline in energy demand, constrained funding for oil and gas and a worldwide COVID-19 pandemic, the future for unconventional resources looks – Challenging. Although, not too bad. That might seem counter-intuitive, but many analysts say the outlook for unconventionals remains positive even as the oil industry goes through a period of struggle and woe.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

They might have to invent a new designation for the Anadarko Basin: “super-super basin.” An extraordinarily deep basin, it towers far above the standard definition of a Super Basin – a basin containing multiple reservoirs and source rocks with cumulative production of at least 5 billion barrels of oil equivalent, and future production potential of more than 5 billion boe. The Anadarko has all that and more.

American Association of Petroleum Geologists (AAPG)
Explorer Article

In July 2019, when the current AAPG Executive Committee took office, they inherited one piece of outstanding business: review the AAPG Climate Statement that had been approved by the previous EC, but also tabled for approval by the incoming EC. Over the last seven months, and long before the two black swan events that are wreaking havoc on our industry and our Association, the EC engaged many of the Association’s stakeholders, including the divisions, the Advisory Council, the Corporate Advisory Board and, by way of a survey, our members.

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American Association of Petroleum Geologists (AAPG)
Explorer ProTracks

At a time when the geoscience job market is suffering from low demand and fewer jobs, the Middle East is hungry for petroleum geoscientists.

American Association of Petroleum Geologists (AAPG)
Explorer President’s Column

We have been through a month of lockdown due to the coronavirus, and in that time, we have seen oil prices go into negative numbers. This is paper barrels! The commodity market has a place in our business and it’s helpful to understand the history and how the commodity market has changed our industry.

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

May is upon us. In the northern hemisphere we’re in the middle of spring, a time of awakening and new beginnings. Here in Oklahoma, the sun is shining, the grass is green and the roses are in bloom. But there’s another side to spring in Oklahoma: tornado season. And for many of us, the present situation looks more like foreboding thunderheads, hail, fierce winds and sheets of rain. COVID-19 continues to spread illness and uncertainty. Far too many of us have either been directly affected by this virus or know someone who has. None of us has escaped the impact of a staggering collapse in oil prices. Graduation has been canceled. This month looks more sinister than sunny. And all of us – newly minted graduates, mid- career and seasoned veterans alike – are asking, “What’s next?”

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

With oil reaching historic lows, massive layoffs, a growing stigma against fossil fuels, and new fields of science with a futuristic feel, it is understandable why studying the geosciences – particularly for careers in petroleum – might strike a student as a bad idea. Most would agree the oil and gas industry has a major public relations crisis on its hands. To remain relevant, it must demonstrate the growing need for geoscientists in forward-thinking positions where job security is all but a given.

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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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