HomeScience Discipline Business and Economics

Business and Economics

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.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

'Attracting investment capital looked like a challenge for the oil and gas industry heading into this year, as investors put increased emphasis on profitability and steady returns. At first that situation appeared to be an emerging problem. Then prices fell off a cliff, with damaging results for exploration funding. The worldwide spread of the coronavirus gutted oil demand while a dispute between Saudi Arabia and Russia left both sides threatening to increase crude production. OPEC+ eventually reached a compromise on cutting output, but most analysts felt it was too little, too late, putting oil and gas in a money crunch. '

Show more
American Association of Petroleum Geologists (AAPG)
Learn! Blog

As geoscientists, we have a deep appreciation of the rocks themselves, whether they are in the field or in the lab. We also know that the one constant in geological history is change, and those changes can be both gradual and almost instantaneous (think Chicxulub). Now, COVID-19 is challenging educators to force face-to-face learning environments, including classrooms, laboratories, and field courses to move online. Here is a quick summary of best practices and lessons learned when it comes to transitioning from face-to-face to online learning.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Division Column DPA

It has been said that wise people surround themselves with the smartest people they can find and then listen to them. I am always looking for opportunities to learn something about the future of oil and gas from people in other disciplines. In late February, with that thought in mind, I attended a luncheon hosted by the Unites States Association for Energy Economics at the Federal Reserve building in Houston.

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

What a difference a month makes. I discussed black swan events in last month’s President’s Column. Let me tell you, the AAPG and the oil industry just got hit with three black swan events all at once: the coronavirus, the stock market’s major drop and the oil price plunge. While the drop in the stock market and the drop in demand for oil have a direct tie to the coronavirus, the unwinding of OPEC+ has added to the oil price drop. Understandably, the events of this past month have caused an increased amount of anxiety for many people.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

“Normally one would talk about an event like this in terms of recent discoveries and trends.” That’s Neil Hodgson, AAPG Europe president, talking about what happened – more to the point, what didn’t happen – at the recent APPEX Prospect and Property Expo in London. He has good reason for the non- announcement: recent discoveries and trends in the industry are, he believes, an ongoing occurrence for explorationists – it’s part of their DNA. What is needed right now is a re-focus – a rebirth. Listening to Hodgson, there is a sense that while he sees the clouds on the energy horizon – especially in Europe, he is more excited about the sun peeking through them.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

On Feb. 11, Colombia’s state oil company Ecopetrol signed a joint venture with Royal Dutch Shell granting the company 50-percent working interest in the Fuerte Sur, Purple Angel and Colombia-5 blocks located in the Southern Colombian Caribbean. Shell is not the only company taking note of Colombia’s offshore potential. Noble Energy entered the country in 2018 and obtained its first acreage position with a 40-percent operational stake in the COL-3 and GUA OFF-3 blocks in March 2019. Ian Gordon, Colombia country manager for Noble, said the country has a lot to offer to companies seeking offshore opportunities.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

In the wake of a long hiatus from discoveries that nearly made Oman obsolete in the industry, potential is brewing again. This time, it is offshore where Eni recently began drilling the country’s first deepwater well. Eni CEO Claudio Descalzi announced, “The first drilling that we are doing in the region will be in Oman in February. It will be the first (deepwater) offshore drilling in Block 52 in Oman, so it’s quite important.” Block 52 is a vast area of approximately 90,000 square kilometers off the southern and southeastern seaboard of Oman, with water depths up to 3,000 meters. The exploration well was planned just seven months after the completion of seismic data acquisition and is likely to show gas-condensate.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

In the oil and gas industry, the size of a discovery matters. And these days, so does the environmental footprint of extracting its resources. As the world continues to research sustainable energy sources, one geologist – in a rare twist – is looking to giant deepwater oil and gas fields for solutions. “If we’re looking for efficient sources of energy with manageable environmental footprints, deepwater may be the place to look,” said AAPG Member Henry S. Pettingill, consultant and former geologist for Shell and Noble Energy. While it often seems that environmental strain related to energy consumption is the focus, Pettingill suggests considering the environmental cost of extracting and producing that energy.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

The worldwide spread of the coronavirus demonstrates how disruptive a medical pandemic can be for the upstream sector of the oil and gas industry. In addition to presenting a huge health challenge, the crisis also means a substantial decline in world oil demand. The expectation of reduced consumption has already resulted in a sharp drop in crude prices. But for the U.S. exploration and production sector, the effects of the coronavirus pandemic might not be completely negative, according to at least one analyst.

Show more
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.

Show more
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.

Show more
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.

Show more
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.

Show more
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.

Show more

Request a visit from Sherilyn Williams-Stroud!

American Association of Petroleum Geologists (AAPG)

Related Interests

See Also ...