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Business and Economics

Explorer Policy Watch

Demand for all forms of energy, including oil and natural gas, will grow significantly in the next 26 years – but political and regulatory uncertainties create risks that may constrain the private-sector investments needed to meet the demand. That’s the message found in several recent analyses of the global energy market, which could shed light on patterns of energy growth and issues constraining industry’s ability to meet the growing demands.

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

No sooner had the ink dried on my last column about the winds of change buffeting our industry when we saw oil prices slide from $75 a barrel to $55. I didn’t foresee these winds arriving at gale force, but that’s what’s happened.

American Association of Petroleum Geologists (AAPG)
Explorer Article

The call for abstracts deadline is Jan. 15 for the next AAPG International Conference and Exhibition – a meeting that will be historic on many levels. This year’s ICE will be held Sept. 13-16 in Melbourne, Australia – the first time AAPG has used that city as a setting for ICE.

American Association of Petroleum Geologists (AAPG)
Explorer Spotlight On…

According to Juan Carlos Soldo, who just recently led the successful IX Hydrocarbon Exploration and Development Congress in Mendoza, Argentina, “Unconventionals really aren't so unconventional anymore.” 

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Innumerable geoscientists worldwide are familiar with the AAPG Giant Oil Fields publications. These AAPG members are spearheading the effort to compile “Giant Oil and Gas Fields of the Decade 2000-2010” featuring papers covering fields in areas around the globe.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Typically when runners are on their marks, they know the course ahead of them. However, as industry players anxiously wait for Mexico to open its hydrocarbon-rich fields to foreign investors, the shortest course to the pay zone is not so clear.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Some highlights from international activity in 2014.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

In international exploration, the new normal is starting to look like the old normal. And 2014 looked a lot like the year before.

American Association of Petroleum Geologists (AAPG)
Explorer Article

For anyone looking to learn from the best oil finders in the business and to interact with successful explorers as they share accounts of their greatest discoveries, that opportunity is at hand. Get ready for this year’s editions of the Division of Professional Affairs (DPA) Playmaker Forums.

American Association of Petroleum Geologists (AAPG)
Explorer Article

It is perhaps the most ironic move in the industry in years. On Nov. 4, citizens in Denton – a city on the edge of the Barnett Shale in north Texas with a population of 123,000 – voted to ban hydraulic fracturing.

American Association of Petroleum Geologists (AAPG)
Field Seminar
Palermo, Italy
Thursday, 25 April 2024, 8:00 a.m.–5:00 p.m.

Time: TBC Attendee Limit: Minimum 15 - Maximum 50 People Fee: TBC Registration Deadline: TBC Field Trip Rendezvous Point Hotel nH Palermo This one-day field trip will provide an introduction to a Miocene-Pliocene succession of southern Sicily, which includes outcrops of the Messinian Salinity Crisis (MSC), as well as the Messinian-Zanclean GSSP (Global Boundary Stratotype Sections and Point) and Zanclean stratotype. The MSC sedimentary record consists of an evaporitic-carbonate unit at the base (the Basal Limestone), overlain the Lower Gypsum unit, in turn overlain by the Upper Gypsum unit, and sealed by transgressive chalk deposits of the Trubi Fm. The Lower Gypsum unit (massive gypsum with cm-sized selenite crystals) will be visited along the beach of Siculiana Marina (about 15 km NW of Agrigento). Next, we will visit near Capo Rossello (about 10 km NW of Agrigento) an outcrop of the Upper Gypsum unit consisting of clay-gypsum cycles and overlain by the Trubi Fm. The latter, at Scala dei Turchi beach, consists of chalk deposits arranged in a spectacular thick succession (~120 m thick) interpreted as astronomically-controlled depositional cycles. The uppermost interval of the MSC sedimentary record, including the Messinian-Zanclean GSSP, will be observed along the beach of Eraclea Minoa located about 20 km NW of Capo Rossello. Field Trip Leaders Antonio Caruso University of Palermo Attilio Sulli University of Palermo

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American Association of Petroleum Geologists (AAPG)
Field Seminar
Palermo, Italy
Sunday, 21 April 2024, 8:00 a.m.–5:00 p.m.

Time: TBC Attendee Limit: Minimum 15 - Maximum 45 People Fee: TBC Registration Deadline: TBC This one-day field trip will focus on Mesozoic (Jurassic to Cretaceous) carbonates outcropping in the fold and thrust belt of western Sicily and equivalent to the aquifer complex of the Sciacca Geothermal Field located in the southwestern part of the island. Participants will have the opportunity to visit in the first stop a spectacular “drowned” carbonate-platform succession at Mt. Maranfusa located in an inactive quarry about 50 km SW of Palermo. The succession consists of Lower Jurassic peritidal cycles overlain by Middle Jurassic to Cretaceous pelagic limestone (e.g. ammonitic limestone, “chalk”) and marked by an unconformity with locally hardground. Syn-depositional Mesozoic tectonic is characterized by neptunian dykes and normal faults, whereas reverse faults, strike-slip faults, and joints are related to subsequent Cenozoic deformation. In the second stop, at Mt. San Calogero, adjacent to the picturesque coastal town of Sciacca (about 100 km south of Palermo), we will visit the surface expression of an extensive karst system linked to uprising geothermal fluids. Furthermore, we will discuss main characteristics of the Sciacca Geothermal Field and its connection to deep mantle-derived fluids. Outcrop data will be integrated with both 2D seismic lines and exploration well logs showing the stratigraphy and structure of the deep aquifer. Another topic, given the presence of faults and joints in the outcrops, this field trip can provide the participants with valuable insights into naturally fractured reservoirs at the sub-seismic scale. Field Trip Leaders Gianni Mallarino MOL Group Attilio Sulli University of Palermo

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American Association of Petroleum Geologists (AAPG)
Field Seminar
Banff, Canada
Saturday, 11 May 2024, 8:00 a.m.–3:00 p.m.

Time: 8:00am - 5:00pm Fee: $300 AAPG members $350 Nonmembers $200 Academic/AAPG Emeritus Members $50 discount for workshop registrants Fee Includes: Transportation Insurance Field guide Entrance fee to Banff National Park Registration available during workshop registration This field trip will focus on the structural geology of the foothills and Front Ranges of Banff. Participants will be able to view excellent field examples of structures very similar to the producing oil and gas fields in the foothills to the west of Calgary and to learn about the complexities of sub-seismic-scale deformation. The field trip starts with an introduction to the interaction between thrust front with foreland basins and the interaction of basement trends with thrust belt geometries and (conventional) hydrocarbon fields. During the 1-day trip participants will follow a dip transect from the undeformed foreland basin, the eastern edge of the foothills marked by the triangle zone, the Front Ranges boundary and end at the Main Ranges west of Banff. Field Trip Itinerary Depart from Calgary – 8:00 a.m. Stop 1: Cochrane Retreat Road Overlook Trip overview and introduction; safety and logistics comments; interaction of thrust front with foreland basin; interaction of basement trends with thrust belt geometry and (conventional) hydrocarbon field distribution; appreciation of scale for subsurface play fairway. Stop 2: Scott Lake Stop 3: The Stony Nakoda Tim’s Classic stop, with historical importance for understanding the thrust belt and thrust geometry. Part 1 of displacement gradient on a large thrust. Most importantly, toilet stop after all the Tim’s coffee and driving. Review of Mt Yamnuska from a different perspective; preview of drive through McConnell damage zone and change in HW stratigraphy.. Stop 4: Lac des Arcs Imbricate thrust sheets in the Front Ranges and Banff Formation. Stop 5: Canmore T-junction Observe complexities of sub-seismic-scale deformation in mechanically layered rocks in the footwall of a large thrust Stop 6: Canmore strike view of the Rundle thrust Exposed strike view analogous to a cut-away of a giant conventional Foothills hydrocarbon field such as Turner Valley. Cross faults within the thrust sheet offset potential reservoir units at sub-seismic scale. Cross faults are arguably part of a regional trend associated with deeper, basement-rooted NE-SW structures. Stop 7: Mt Norquay Overlook Stop 8: Bow Falls Fracture systems in the Vega Siltstone Mbr of the Triassic Sulphur Mtn Fm. This outcrop of Vega Member siltstone of the Sulphur Mtn Fm is considered equivalent to upper Montney Fm. We will focus on the outcrop adjacent to the steps up to the Falls overlook.

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American Association of Petroleum Geologists (AAPG)
Short Course
Houston, Texas
Thursday, 14 March 2024, 8:30 a.m.–5:00 p.m.

This course course will explore the design of new plays, optimized for the goals and constraints of CO2 sequestration, and to develop the tools to de-risk and sell those plays to investors and regulators. It will be of particular interest to subsurface geoscientists and engineers with an interest in CO2 storage in saline reservoirs.

American Association of Petroleum Geologists (AAPG)
Short Course
Houston, Texas
Thursday, 14 March 2024, 8:30 a.m.–5:00 p.m.

The development and application of a fit-for-purpose CO2 injection model is presented in the context of a front-end engineering design for a new Carbon Capture Storage (CCS) project targeting a depleted gas reservoir in the North Sea. This course will provide an understanding of the impact of CO2 impurities on casing and tubing load cases. The course provides the background and results of the Fit-for-Purpose Casing and Tubing Analysis Program that was developed in collaboration with Harbour Energy for the UK Viking CCS Project.

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American Association of Petroleum Geologists (AAPG)
Short Course
Houston, Texas
Thursday, 14 March 2024, 8:00 a.m.–12:00 p.m.

This half-day short course will familiarize attendees with the planning and execution of a whole core project. It's intended for those who plan to take core on CCUS projects including Geologists and drilling engineers.

American Association of Petroleum Geologists (AAPG)
Short Course
Houston, Texas
Sunday, 10 March 2024, 8:00 a.m.–5:00 p.m.

As part of the international effort to combat global warming, significant attention is being given to ways to sequester (store for the long-term) carbon dioxide, which is a major contributor to the greenhouse effect. This one-day course will look at some of the ways in which carbon dioxide can be stored and provide a detailed review of the SRMS framework prepared by the Society of Petroleum Engineers to classify and categorize the storage quantities.

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American Association of Petroleum Geologists (AAPG)
Short Course
Pittsburgh, Pennsylvania
Thursday, 29 February 2024, 7:30 a.m.–8:30 a.m.

American Association of Petroleum Geologists (AAPG)
Workshop
Palermo, Italy
Monday, 22 April Wednesday, 24 April 2024, 8:00 a.m.–5:00 p.m.

This Symposium marks a collaborative event that brings together AAPG Europe and AAPG Middle East, with a central focus on carbonates and mixed carbonate systems worldwide, while highlighting their significance within these two regions. The primary objectives are an overview of controls that govern the evolution of these systems in time and space and the characterization and prediction of their properties across scales.

American Association of Petroleum Geologists (AAPG)
Workshop
Abu Dhabi, UAE
Monday, 27 May Wednesday, 29 May 2024, 8:00 a.m.–5:00 p.m.

In order to support the energy transition, optimizing exploration and production from complex stratigraphic-diagenetic conventional and unconventional plays remains highly important. At the same time, Carbon Capture and Storage (CCS) poses new technological challenges that will impact both the industry and academia for decades to come. This 2nd edition will present reviews and discuss technology developments in geological process-based forward modeling achieved during the last 2 years. New perspectives for future technology developments and implementation in industry workflows will be discussed and with the additional focus on CO₂ storage and other sustainability-related applications, the scope of the workshop will be considerably extended.

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American Association of Petroleum Geologists (AAPG)
Workshop
Khobar, Saudi Arabia
Tuesday, 5 March Thursday, 7 March 2024, 8:00 a.m.–5:00 p.m.

Join us for the 4th Edition of: "Stratigraphic Traps of the Middle East" workshop. The workshop will be hosted by AAPG in Al Khobar, Saudi Arabia 5-7 March 2024.

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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