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Business and Economics

Explorer Emphasis Article

Consider the geophysics sector of the industry a shrink-to-fit enterprise where misery might be starting to bring its own relief, and business is improving after recent years of financial ups and downs. With, admittedly, more downs than ups. Higher oil and gas prices this year have brought either a spark of enthusiasm or a glimmer of hope to many geophysical companies. And the technical side of geophysics has continued to advance strongly despite the business challenges.

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

The goal of the DEG this year is to increase the visibility of the Division in the areas of not only CCUS but also natural gas storage, hydrogen storage, compressed air energy storage and geothermal storage. Petroleum professionals are uniquely qualified to evaluate the risk and uncertainty of subsurface storage methods. We evaluate both containment risk, such as seal integrity and presence of faults, but also the impact of reservoir heterogeneities and reservoir properties on storage capacity.

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American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

In 1949 an historic oil field was discovered under the Caspian Sea. The field was named “Neft Dashlari, which in Azerbaijani means “Oil Rocks,” and it was a milestone in the development of the global oil industry. Oil Rocks, an iconic “city in the sea,” pointed the way to modern offshore drilling as we know it today.

American Association of Petroleum Geologists (AAPG)
Explorer Readers Forum

We often see calls for the elimination of all petroleum products, including natural gas. As long as coal and biomass – which emit two-to-four-times more carbon than natural gas – are major components of electricity generation, it makes no sense to eliminate natural gas. Why would we blow up one of our cheapest, cleanest bridges toward the energy evolution when we are just starting to set foot on that bridge?

American Association of Petroleum Geologists (AAPG)
Explorer Article

Depleted horizontal oil and gas wells could have a second life storing renewable energy, according to researchers at the U.S. Department of Energy’s National Renewable Energy Laboratory. Because renewable forms of electricity generation like solar and wind require low-cost energy storage, the NREL researchers propose using depleted hydraulically fractured oil and gas wells to store electrical energy in the form of compressed natural gas to be released to spin an expander/generator when electrical demand is high.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Are years of upstream oil and gas underinvestment and under-exploration finally catching up with the world? Is the hope of avoiding a climate catastrophe now a lost cause? Can the global energy industry deliver adequate, affordable energy to meet the world’s future needs? Is the word in an energy crisis? Annually at midyear, a number of organizations publish overviews of the global energy picture. Based on those reports, there is good news. And bad news.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Mention energy from the Middle East and most people automatically think of crude oil production. But today, geopolitics and supply challenges have put an increased focus on global natural gas resources. Consequently, energy developments in the Middle East are shifting toward natural gas production and export, driven by an increasing international appetite for gas supply and questions about longer-term oil demand. Right now, the bottom line is that natural gas looks like a long-term growth industry and crude oil doesn’t.

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American Association of Petroleum Geologists (AAPG)
Learn! Blog

Technology moves quickly, and so accelerators have to be nimble, quick and agile to provide services, space, and guidance for startups and innovation to prosper. Welcome to an interview with Angel Garcia, B²Hub Accelerator (BAM BizHUB), who is a participant and moderator for AAPG’s U-Pitch New Technology Showcase.

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

I sometimes find it amusing that several people can look at the same data and come to diametrically opposed opinions as to what that information represents. I think we can all chuckle when three geologists view an outcrop and come up with five conflicting interpretations of what depositional environment is represented in the exposure, for example. Diametrically opposed opinions related to the health and financial condition of AAPG are more concerning than amusing to me, however.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Approximately 80 percent of today’s global energy supply comes from fossils fuels, 54 percent of which is supplied by oil and gas. Global society’s goal for the near future is to enjoy the same or better quality of life, but with zero carbon emitted. This presents a set of challenging questions of particular relevance to AAPG members. How will energy demand evolve? How difficult is it to remove oil and gas from the global energy mix? And if they remain part of the mix, what kind of hydrocarbons are we looking for? How important will geological carbon storage be in assisting efforts to reach net zero? These questions were investigated in a recent paper by the authors entitled, “Demand for ‘advantaged’ hydrocarbons during the 21st century energy transition,” and published in the journal Energy Reports. The results are summarized here.

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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)
Online Certificate Course
Tuesday, 1 January 2013, 12:00 a.m.–1:00 a.m.

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

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Friday, 11 December 2020, 11:30 a.m.–12:30 p.m.

In a world moving to net-zero emissions during the COVID-driven oil price collapse, there remain important scientific and business opportunities for geoscientists, particularly those with expertise in stratigraphy, sedimentology, reservoir geology and hydrocarbon production. In this webinar, Dr. Julio Friedmann, senior research scholar, Center on Global Energy Policy, Columbia University discusses the challenges this community faces which are not scientific or technical, but rather involve shifts in business model, policy and global market trends. Webinar presented via Zoom on 11 December 2020 at 11:30 am CST (UTC-6).

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

Biomass Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for biopower and biofuel.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 20 May 2020, 7:00 p.m.–8:30 p.m.

Join us for 'Matching Capabilities and Capacity With Current and Emerging Demand Areas; Building a Business Plan That Reflects the Realities of Opportunities'. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 20 May 2020. During this webinar we will discuss: Matching technologies and companies Keys to Building a Resilient Early-Stage Business Multi-Industry Technology: Robotics as a Service

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 10 June 2020, 11:00 a.m.–12:00 p.m.

Gil Machado is a Petroleum Exploration Geologist with a Ph.D in stratigraphy and source rock characterization. Gil's presentation 'Reducing Uncertainty and Increasing Chances of Success Using Biostratigraphy', will explore the role of biostratigraphy in the exploration workflow. Several success cases from around the World will be detailed, showing the uses of this discipline for sedimentation age determination, paleoenvironmental interpretation and source rock characterization. Join Gil Machado via Zoom on June 10 at 12:00 GMT+1

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American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 9 December 2010, 12:00 a.m.–12:00 a.m.

The Mississippian-Devonian Bakken Petroleum System of the Williston Basin is characterized by low-porosity and permeability reservoirs, organic-rich source rocks, and regional hydrocarbon charge.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 27 May 2020, 7:00 p.m.–8:30 p.m.

Join us for 'New Approaches for Start-Up Success' where we will discuss selecting companies to invest in now, the game changers program now, profile of a successful drone and robotics start-up and how we adapted our pitch for the pandemic. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 27 May 2020.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 16 February 2012, 12:00 a.m.–12:00 a.m.

This presentation describes a proven workflow that uses a standard narrow azimuth 3D seismic, conventional logs, image logs and core data to build five key reservoir properties required for an optimal development of shale plays.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 26 May 2021, 7:00 p.m.–8:30 p.m.

Join us for 'Pivoting 2021: Imaging Technologies'. Panelists will discuss new ways to acquire data that is then processed into interpretable images, and they will discuss the technologies as well as the techniques. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 26 May 2021.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 11 February 2010, 12:00 a.m.–12:00 a.m.

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.

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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