Oil Prices Steady as Russia Eases Fuel Export Ban - 25 September, 2023 07:30 AM
Harold Hamm Calls for Consistency In U.S. Oil and Gas Regulation - 25 September, 2023 07:30 AM
Biden Handed Major Legal Defeat in Attempt to Restrict Oil, Gas Drilling in Gulf of Mexico - 25 September, 2023 07:30 AM
New Oil and Gas Rule Would Provide Pathway for CO2 Utilization - 25 September, 2023 07:30 AM
Macron Says France to Ask Oil Industry to Sell Fuels at Cost - 25 September, 2023 07:30 AM
Siliciclastic Reservoirs of the Middle East Call for Posters
Expires in 12 days
4th Edition: Stratigraphic Traps of the Middle East Call for Posters
Expires in 127 days
2nd Edition: Geological Process-Based Forward Modeling AAPG Call For Abstracts
Expires in 212 days
Worldwide oil and gas exploration results took a major hit from reduced investment and the ongoing COVID pandemic last year. Cautious industry spending and overall selectivity over prospects likely reduced discoveries to their lowest annual level in 75 years. Here’s the recommendation from one industry analyst for 2022’s global exploration and supply outlook: Stay chill for now.
In the IEA’s “Net Zero by 2050” report, which outlines a comprehensive pathway for a global transition to zero emissions by mid-century, the agency states that much of the technology needed to make a timely transition has not yet been developed. Emerging technologies, such as improved battery storage, low-carbon hydrogen production and carbon capture utilization and storage, show “encouraging” progress, but the world significantly lags behind in power generation and end-use sectors, specifically industry, buildings and transport.
Thanks to continuing advances in reservoir characterization, technology and innovative thinking, many oil fields around the globe have “grown larger” in recent decades. John Sneider, president of Sneider Exploration Inc., documented examples of mature field growth 20 years ago and recently revisited the topic to focus on mature giant fields. This updated analysis is detailed in chapter 4 of the new AAPG Memoir 125: “Giant Fields of the Decade: 2010 – 2020.”
There is no denying there are massive changes happening around the world today, seemingly as a reaction to the emergence of the COVID/Wuhan virus. However, while the virus might be a catalyst of change, other factors are in play too. Many leaders around the world seem to share in the sentiment expressed by the founder and executive chairman of the World Economic Forum, Klaus Schwab, who recently wrote, “The changes we have already seen in response to COVID-19 prove that a reset of our economic and social foundations is possible,” in the interest of promoting the WEF’s proposed “Great Reset” of the global economy.
Last month Houston hosted the 23rd World Petroleum Congress with more than 5,000 attendees from 70 countries. After a one-year postponement due to the global pandemic, energy leaders from across the globe gathered to discuss the future of energy. And the tone of the discussion was sobering. Following on the heels of November’s COP26 meeting in Glasgow, there was recognition that political and societal pressures are shifting the energy sector and the industries in it. But there was widespread concern that the expectations underlying these pressures for change were unrealistic. That those pushing hardest for change lacked a fundamental understanding of what transforming the global energy sector truly entailed, what it would look like when it was complete and the dangers looming from getting it wrong.
Before unconventional resources became prevalent in the global petroleum supply, deepwater exploration and development was a significant focus for many larger companies. For deepwater activities to succeed, the petroleum industry was forced to merge its above-ground concerns with the below-ground geoscience and engineering disciplines.
Producers finally got some relief in 2021. Oil and gas prices recovered from their pandemic lows and remained at high levels through most of the year, as increased production could not keep pace with a global demand recovery. It was a year when higher prices helped energy producers strengthen their balance sheets and improve their bottom lines.
While the COVID-19 pandemic ground the world to a halt in 2020, crisis led to creativity and opportunity in many parts of the world. For four geoscientists in Colombia, the pandemic became the perfect time to serve their country and their profession. In May 2020, two weeks after oil prices dropped below zero, Colombia’s Ministry of Science, Technology and Innovation launched a bidding contest allocating nearly $3 million to finance geoscience research projects for the hydrocarbon sector.
One of the more provocative but less publicized initiatives introduced at the recent United Nations Climate Change Conference in Glasgow is an international effort to end oil and gas exploration and production. The Beyond Oil and Gas Alliance, created by Denmark and Costa Rica, officially launched its program at COP26.
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.
Plan now to attend an interactive in-person workshop with industry leaders, government representatives and technical experts working in the Guyana-Suriname Basin.
This esymposium takes a close look at workflows associated with resource plays, and analyzes where integration must occur between disciplines, data, and workflows at all phases of the process.
This e-symposium will be introducing signal processing techniques as a means to maximize extracting geomechanical data from petrophysical logs.
This e-symposium will focus on how surface geochemical surveys and Downhole Geochemical Imaging technologies can be utilized jointly to directly characterize the composition of hydrocarbons vertically through the prospect section.
Visiting Geoscientist Mauricio Guizada provides an overview of general structural geology of the Andes, with a focus on the Central Andes. His talk covers topics related to onshore exploration, G&G methods in exploration and risk analysis. Join Mauricio Guizada via Zoom on June 23 at 4pm CDT.
Gas hydrates, ice-like substances composed of water and gas molecules (methane, ethane, propane, etc.), occur in permafrost areas and in deep water marine environments.
The presentation describes a well established fracture modeling workflow that uses a standard 3D seismic, conventional logs, image logs and data from one core to build predictive 3D fracture models that are validated with blind wells.
Henry W. Posamentier discusses the application of 3-D seismic stratigraphic analyses to the mitigation of risk associated with lithology prediction prior to drilling – workflows and techniques. Principles and workflows of seismic stratigraphy and seismic geomorphology will be discussed and numerous examples will be shown from a variety of different depositional settings.
As an industry we’re constantly challenged to improve our business on a worldwide stage. How do we continue improving the safe delivery of high quality, economical wells and production where understanding of social requirements and the license to operate are rapidly changing?
Join us for a conversation with a panel of drilling engineers to gain insight to their understanding of how we can meet these challenges and impact well delivery planning processes and outcomes - from clarity on deliverables, process improvements, advances in technology, to building better business models for modern decision making.
This presentation will show where there are cases of missing sections, but none of them can be attributed to normal faulting.
The course will review core data, petrophysical comparisons, rock physics modeling (including pseudo logs and mechanical properties).
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.
Request a visit from Sherilyn Williams-Stroud!
How to Join
100 Years Anniversary
About AAPG Divisions
DEG: Division of Environmental Geosciences
DPA: Division of Professional Affairs
EMD: Energy Minerals Division
PSGD: Petroleum Structure and Geomechanics Division
Geosciences Technology Workshops (GTW)
In Person Training
Visiting Geoscientist Program
Asia Pacific Region
Latin America Region
Middle East Region
Imperial Barrel Award
Africa (Lagos) Office
Asia Pacific (Singapore) Office
Europe (London) Office
Latin America (Bogotá) Office
Middle East (Dubai) Office
Purpose / Mission
Constitution & Bylaws
Access Online Journals
Review Site Activity
Upgrade Member Level
Annual Convention and Exhibition
International Conference and Exhibition
Unconventional Resources Technology Conference
Arctic Technology Conference
Imperial Barrel Award
Books - Buy one
Imperial Barrel Award
Renew Sponsored Dues
Search and Discovery
Visiting Geoscientist Program
LinkedIn | Facebook | Twitter | YouTube
Email: | Other Contact Info