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Business and Economics

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)
Explorer Article

Nestled in the southernmost Caribbean lies Trinidad and Tobago, a 5,130-square-kilometer twin-island republic, famous for its colorful Carnival celebrations, melodious steelpan drums, picturesque beaches and savory street foods. Trinidad and Tobago is known also for its longstanding presence in the energy sector, which is the primary economic driver for the country’s population of 1.4 million. T and T’s latest Deep Water Competitive Bidding Round launched in December and closed in June. The Ministry will announce bidding round results in September.

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

During the height of the pandemic, Society of Exploration Geophysicists Executive Director Jim White and I discussed how we could work better together – delivering an innovative conference for petroleum and energy geoscientists that also involved other geoscience disciplines focused on solving real world challenges. Our elected leaders at the time supported the vision for AAPG and SEG to create a new, joint annual meeting: the International Meeting for Applied Geoscience and Energy, or “IMAGE,” conducted in cooperation with SEPM. We’re eager and ready for IMAGE ’22 in Houston at the end of this month, and hope that you are, too.

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American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

Peter Odell was a pioneer figure in petroleum economics. His ideas and analyses were highly influential in his own time and are still worth studying today. Many people came to know of Odell through his best-selling “Oil and World Power: A Geographical Interpretation.” What strikes the reader of this and other works by Odell is the author’s cross-disciplinary approach to the oil and gas industry, integrating economic analyses with geopolitics, history, maps and geography. His publications were relatable to geologists as well. The issues he addressed, in different forms, are still with us.

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

People familiar with the energy business know that most existing vertical wells produce little oil or gas. They might be surprised how many horizontal wells fall into the same category. Under the right circumstances, this growing number of wells in decline could represent an investment opportunity. Or, it might become a giant abandonment headache for the oil industry.

American Association of Petroleum Geologists (AAPG)
Explorer Article

India plans to reopen more than 100 coal mines and restart some idled coal-fired power plants. India is the world’s third-largest greenhouse gas emitter, but the recent power crunch caused so much disruption to the country’s industries that the government was pressured to ramp up the coal industry in an effort to help meet demand.

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

Hello Division of Professional Affairs and AAPG members, I’d like to welcome you to the first DPA column in my term as DPA president 2022-23. As I begin this appointment, I’ve been reflecting on the events of recent years and considering the challenges and changes we’ve faced through the pandemic – personally and professionally, as an industry and as members of a global community.

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

It’s summertime here in the Northern Hemisphere, and with the sun and warm weather, thoughts are shifting to vacation. Packing the kids in the car for a week at the beach or a trip to grandma’s house is a time-honored tradition. But this year, moms and dads are doing so with an eye on surging gas prices – this road trip isn’t going to be cheap. Parents aren’t alone in casting a nervous eye on prices at the pump. The White House is, too.

American Association of Petroleum Geologists (AAPG)
Explorer Article

The AAPG Women’s Network is excited to provide attendees at next month’s International Meeting for Applied Geoscience and Energy with a variety of events throughout the conference. There is something for everyone!

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 23 June 2020, 2:00 p.m.–3:00 p.m.

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.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 19 November 2020, 11:00 a.m.–12:00 p.m.

Hear John Kaldi speak about Integrated Approaches to Determining Net Pay: Caveats & Lessons Learned. Webinar presented via Zoom on Thursday 19 November 2020 at 11:00 SGT (GMT+8) Singapore time.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 8 October 2020, 3:00 p.m.–4:00 p.m.

Join us as Doug Peacock discusses how changes in oil price impact reserves in theory, and with practical industry examples. Presentation will be via Zoom on Thursday 8 October 15:00 SGT (UTC+8) Singapore time zone

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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