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In late February, the first liquefied natural gas (LNG) shipment left the United States. It sailed into an economically difficult global market with excess supplies of LNG, sluggish growth in energy demand, and exceptionally low oil prices against which global LNG prices are often set. However, many analysts and policymakers see reasons to expect growing demand for U.S. LNG.

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Dry hole. Two of the worst words in offshore exploration. When per-well costs offshore can reach into the hundreds of millions of dollars, no one wants to drill a duster. So are dry holes nothing but failures? “Not if they provide information that sets up the next discovery,” said AAPG member John Snedden.

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The U.S. Gulf of Mexico’s crude oil production is estimated to increase to record high levels in 2017, despite record low price.

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In a time of low energy prices and market volatility, it is more important than ever for energy professionals to develop the tools to stay competitive and efficient. The Offshore Technology Conference (OTC), set for May 2-5 in Houston, provides the perfect opportunity.

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Oil companies and environmentalists are popularly – albeit inaccurately – perceived as natural enemies by the general public. But, the marine life dwelling offshore California and other oil-producing locales knows nothing of this supposed antagonism. All they know are the drilling rigs where they thrive.

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Oil and gas companies usually need loans to operate and survive, so these lending determinations can be crucial. If banks cut back on lending to the industry, drilling can grind to a halt, companies can fail, jobs will be lost. Now there are signs that banks might be ready to do just that.

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Here are areas of often-overlooked opportunities that could be a perfect fit for the small independent or new team of independent geoscientists / engineers / landmen / petroleum accountants.  This article, which is excerpted from a larger study, is not intended to be all-inclusive, but is a starting point.
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As we’re all aware, the oil and gas industry is currently in the middle of a downturn. This isn’t the first and it won’t be the last.

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Only a short time ago, many in the oil and gas industry were concerned about the potential shortage of workers needed for a growing industry and a wave of retirements. Obviously, the demand has since dropped. However, we know it will go up again, and when it does, concerns about having technically qualified workers will return.

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In-Person Training
Buenos Aires Argentina 11 May, 2015 12 May, 2015 14137 Desktop /Portals/0/PackFlashItemImages/WebReady/extending-mature-fields-life-cycles-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Structure, Structural Analysis (Other), Geomechanics and Fracture Analysis, Compressional Systems, Fold and Thrust Belts, Extensional Systems, Sedimentology and Stratigraphy, Sequence Stratigraphy, Clastics, Conventional Sandstones, Eolian Sandstones, Lacustrine Deposits, Carbonates, (Carbonate) Shelf Sand Deposits, Petrophysics and Well Logs, Geophysics, Seismic, Magnetic, Gravity, Direct Hydrocarbon Indicators, Geochemistry and Basin Modeling, Basin Modeling, Maturation, Oil and Gas Analysis, Source Rock, Petroleum Systems, Environmental, Ground Water, Remote Sensing, Reservoir Characterization, Engineering, Seismic Attributes, Geochemical Fingerprinting, 3D Seismic, Production, Tertiary Recovery, Secondary Recovery, Primary Recovery, Drive Mechanisms, Development and Operations, Conventional Drilling, Coring, Business and Economics, Risk Analysis, Reserve Estimation, Resource Estimates, Economics, Deep Sea / Deepwater, Deepwater Turbidites, Marine, Shelf Sand Deposits, Slope, Carbonate Reefs, Carbonate Platforms, Hydraulic Fracturing
 
Buenos Aires, Argentina
11-12 May 2015

Join leading scientists and industry practitioners at Extending Mature Fields’ Life Cycles: the Role of New Technologies & Integrated Strategies, a Geoscience Technology Workshop (GTW) organized by the AAPG Latin America Region and the Asociación Argentina de Geólogos y Geofísicos Petroleros (AAGGP).

Denver Colorado United States 24 March, 2016 24 March, 2016 26478 Desktop /Portals/0/PackFlashItemImages/WebReady/Midland-playmaker-forum-2015-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Business and Economics
 
Denver, Colorado, United States
24 March 2016

The Rockies Playmaker Discovery Forum is focused on the elements both, commercial and scientific/technical, required to successfully get from lease sale to discovery. It will focus on the skills as well as professional and ethics requirements for prospecting, play generation, and deal screening.

Austin Texas United States 26 April, 2016 28 April, 2016 24006 Desktop /Portals/0/PackFlashItemImages/WebReady/Petrophysics-and-Well-Logs-Discussion-Group-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Petrophysics and Well Logs, Business and Economics, Reserve Estimation
 
Austin, Texas, United States
26-28 April 2016

Course Focus For Today’s Low Priced Oil Environment

This year a major focus of the course will be how to identify tight oil sand from DSTs to use as candidates for horizontal wells with multi-stage frac’s.  However we also identify better permeability zones which are damaged and can be simply re-entered and re-perfed in a cheaper vertical well. “No need for an expensive horizontal well where a simple vertical well will do the trick”. We also cover using water DSTs to find zones for water disposal wells pertinent today.
Calgary Alberta Canada 03 May, 2016 03 May, 2016 28639 Desktop /Portals/0/PackFlashItemImages/WebReady/DL-pete-rose-telus-calgary.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Business and Economics, Economics, Resource Estimates, Risk Analysis, Geochemistry and Basin Modeling, Basin Modeling, Petroleum Systems, Carbonates, Sedimentology and Stratigraphy, Carbonate Platforms, Deep Basin Gas, Tight Gas Sands
 
Calgary, Alberta, Canada
3 May 2016

Lecture Title: Cognitive Bias, the "Elephant in the Living Room" of Science and Professionalism
Venue: Telus Convention Centre, Macleod Hall D (subject to change), Calgary, Canada
Time: 12Noon

Houston Texas United States 17 May, 2016 18 May, 2016 27184 Desktop /Portals/0/PackFlashItemImages/WebReady/rethinking-reservoirs-new-approaches-techniques-solutions-for-difficult-times-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Business and Economics, Engineering, Development and Operations, Production, Drive Mechanisms, Depletion Drive, Water Drive, Hydraulic Fracturing, Primary Recovery, Secondary Recovery, Tertiary Recovery, Chemical Flooding Processes, Reservoir Characterization, Geochemistry and Basin Modeling, Oil and Gas Analysis, Oil Seeps, Petroleum Systems, Geophysics, Seismic, Petrophysics and Well Logs, Fractured Carbonate Reservoirs, Shale Gas, Stratigraphic Traps, Structural Traps, Subsalt Traps, Tight Gas Sands
 
Houston, Texas, United States
17-18 May 2016

The goal of this two-day workshop is to develop strategies for success in difficult times. We will bring together engineers, geologists and geophysicists to explore new ideas, workflows, techniques, and technologies for revitalizing existing wells.

Rio de Janeiro Brazil 18 May, 2016 19 May, 2016 24695 Desktop /Portals/0/PackFlashItemImages/WebReady/exploration-production-challenges-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Business and Economics, Economics, Reserve Estimation, Resource Estimates, Risk Analysis, Development and Operations, Engineering, Conventional Drilling, Geophysics, Seismic, Carbonates, Sedimentology and Stratigraphy, (Carbonate) Shelf Sand Deposits, Carbonate Platforms, Clastics, Conventional Sandstones, Deep Sea / Deepwater, Deepwater Turbidites, Marine, Reservoir Characterization, Structural Traps, Subsalt Traps, Stratigraphic Traps
 
Rio de Janeiro, Brazil
18-19 May 2016

A Geosciences technology workshop hosted by the Associação Brasileira de Geólogos de Petróleo  (ABGP) and the American Association of Petroleum Geologists (AAPG)

Abu Dhabi United Arab Emirates 16 November, 2016 17 November, 2016 24334 Desktop /Portals/0/PackFlashItemImages/WebReady/aapg-me-knowledge-management-challenge-hero-v2.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Business and Economics
 
Abu Dhabi, United Arab Emirates
16-17 November 2016

This two-day workshop will be dedicated to capturing best practices and lessons learned in the field of knowledge management, especially in the context of a changing oil market. The upstream organizations within the Middle East’s NOCs, IOCs and service providers are paying close attention to the issue of knowledge management due to the major demographic shift which has been dubbed as the “Great Crew Change”.

Online Training
21 August, 2014 21 August, 2099 10831 Desktop /Portals/0/PackFlashItemImages/WebReady/esymp-mexicos-oil-and-gas-history-new-discoveries-opportunities-and-energy-reform-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
21 August 2014 - 21 August 2099
The goal of this e-symposium is to review the status of the Mexican upstream sector, and to provide a review of the most prolific and prospective areas in Mexico, with a focus on opportunities for international participation, given the upcoming energy reform in Mexico. 
02 October, 2014 02 October, 2014 10593 Desktop /Portals/0/PackFlashItemImages/WebReady/esymp-concepts-of-scale-horizontal-development-of-wolfcamp-shale-oil-of-the-southern-midland-basin-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
2 October 2014
This course is ideal for individuals involved in Midland Basin exploration and development. Successful development of Wolfcamp shale oil relies on complex inter-relationships (ultimately interdependencies) within and between a wide variety of scientific disciplines, financial entities, and company partnerships. 
01 January, 2014 01 January, 9999 3160 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-toc-strategic-decision-making.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2014 - 1 January 9999

Learn to critically evaluate current issues that can impact growth and sustainability of oil and gas ventures.

16 February, 2012 16 February, 2012 1483 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-seismically-driven-characterization-of-unconventional-shale-plays.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
16 February 2012

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.

01 January, 2013 01 January, 9999 1487 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-toc-leadership-and-strategic-thinking-in-the-oil-gas-industry.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

This course will help you turn challenges into opportunities as you learn to strategically manage technological innovation, financial turmoil, a changing workforce, unpredictable social media, and tight deadlines.

12 April, 2012 12 April, 2012 1485 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-retention-tools-for-leaders-and-mentors.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
12 April 2012

This seminar focuses on the role geoscience leaders and mentors play in retaining top talent.

28 July, 2011 28 July, 2011 1476 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-marcellus-shale-integrating-information-to-optimize.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
28 July 2011

This presentation discusses one operator’s approach to fully integrate data captured in the Marcellus Shale in order to optimize horizontal well performance.

14 December, 2010 14 December, 2010 1467 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-sale-gas-in-quebecs-sedimentary-basins.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
14 December 2010

Recent interest in unconventional gas resources has attracted several oil and gas explorers to sedimentary basins in Southern Quebec.

09 December, 2010 09 December, 2010 1466 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-bakken-petroleum-system-of-the-williston-basin.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
9 December 2010

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.

19 August, 2010 19 August, 2010 1462 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-challenging-the-paradigm-missing-section-normal-fault.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
19 August 2010

This presentation will show where there are cases of missing sections, but none of them can be attributed to normal faulting.

19 November, 2009 19 November, 2009 1453 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-carbon-sequestration.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
19 November 2009

This presentation will review the results of ongoing carbon storage research in Kentucky by the Kentucky Geological Survey (KGS) and industry partners.

11 February, 2010 11 February, 2010 1441 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-predicting-gas-hydrates.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
11 February 2010

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.

01 January, 2013 01 January, 9999 1450 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-renewable-non-renewable-resources.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

Renewable & Non-Renewable Resources is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for renewable energy.

01 January, 2013 31 December, 2016 1449 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-biomass-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 31 December 2016

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.

01 January, 2013 01 January, 9999 1448 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-solar-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

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

01 January, 2013 31 December, 2016 1447 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-wind-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 31 December 2016

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

01 January, 2013 01 January, 9999 433 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-geothermal-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

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

01 January, 2013 01 January, 9999 450 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-wind-farm-operations.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

The presenters will discuss effective management of wind farm operations and the challenges often encountered. 

14 February, 3000 14 February, 3000 7817 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-generic-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
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