HomeScience Discipline Business and Economics

Business and Economics

Explorer Article

When the International Petroleum Technology Conference comes to Saudi Arabia in February, the technical program will include a significant look at both unconventional oil and gas and conventional tight oil in the Middle East. Those are two different concepts in the region and the distinctions are important. The Middle East holds a large conventional tight oil resource, now emerging as a serious focus for development. With so much recent attention devoted to unconventional resources, conventional tight oil could be considered an overlooked sibling.

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

Worldwide oil and gas exploration results took a major hit from reduced investment and the ongoing COVID pandemic last year. Cautious industry spending and overall selectivity over prospects likely reduced discoveries to their lowest annual level in 75 years. Here’s the recommendation from one industry analyst for 2022’s global exploration and supply outlook: Stay chill for now.

American Association of Petroleum Geologists (AAPG)
Explorer Article

In the IEA’s “Net Zero by 2050” report, which outlines a comprehensive pathway for a global transition to zero emissions by mid-century, the agency states that much of the technology needed to make a timely transition has not yet been developed. Emerging technologies, such as improved battery storage, low-carbon hydrogen production and carbon capture utilization and storage, show “encouraging” progress, but the world significantly lags behind in power generation and end-use sectors, specifically industry, buildings and transport.

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

Thanks to continuing advances in reservoir characterization, technology and innovative thinking, many oil fields around the globe have “grown larger” in recent decades. John Sneider, president of Sneider Exploration Inc., documented examples of mature field growth 20 years ago and recently revisited the topic to focus on mature giant fields. This updated analysis is detailed in chapter 4 of the new AAPG Memoir 125: “Giant Fields of the Decade: 2010 – 2020.”

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

There is no denying there are massive changes happening around the world today, seemingly as a reaction to the emergence of the COVID/Wuhan virus. However, while the virus might be a catalyst of change, other factors are in play too. Many leaders around the world seem to share in the sentiment expressed by the founder and executive chairman of the World Economic Forum, Klaus Schwab, who recently wrote, “The changes we have already seen in response to COVID-19 prove that a reset of our economic and social foundations is possible,” in the interest of promoting the WEF’s proposed “Great Reset” of the global economy.

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

Last month Houston hosted the 23rd World Petroleum Congress with more than 5,000 attendees from 70 countries. After a one-year postponement due to the global pandemic, energy leaders from across the globe gathered to discuss the future of energy. And the tone of the discussion was sobering. Following on the heels of November’s COP26 meeting in Glasgow, there was recognition that political and societal pressures are shifting the energy sector and the industries in it. But there was widespread concern that the expectations underlying these pressures for change were unrealistic. That those pushing hardest for change lacked a fundamental understanding of what transforming the global energy sector truly entailed, what it would look like when it was complete and the dangers looming from getting it wrong.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

Before unconventional resources became prevalent in the global petroleum supply, deepwater exploration and development was a significant focus for many larger companies. For deepwater activities to succeed, the petroleum industry was forced to merge its above-ground concerns with the below-ground geoscience and engineering disciplines.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Producers finally got some relief in 2021. Oil and gas prices recovered from their pandemic lows and remained at high levels through most of the year, as increased production could not keep pace with a global demand recovery. It was a year when higher prices helped energy producers strengthen their balance sheets and improve their bottom lines.

American Association of Petroleum Geologists (AAPG)
Explorer Article

While the COVID-19 pandemic ground the world to a halt in 2020, crisis led to creativity and opportunity in many parts of the world. For four geoscientists in Colombia, the pandemic became the perfect time to serve their country and their profession. In May 2020, two weeks after oil prices dropped below zero, Colombia’s Ministry of Science, Technology and Innovation launched a bidding contest allocating nearly $3 million to finance geoscience research projects for the hydrocarbon sector.

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

One of the more provocative but less publicized initiatives introduced at the recent United Nations Climate Change Conference in Glasgow is an international effort to end oil and gas exploration and production. The Beyond Oil and Gas Alliance, created by Denmark and Costa Rica, officially launched its program at COP26.

American Association of Petroleum Geologists (AAPG)
Field Seminar
Palermo, Italy
Thursday, 25 April 2024, 8:00 a.m.–9:00 a.m.

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. Pricing Fee: €50 Attendee Limit: Min 15 - Max 50 People Registration Deadline: 11 April 2024 Field Trip Rendezvous Point Hotel nH Palermo Field Trip Leaders Antonio Caruso University of Palermo Attilio Sulli University of Palermo

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

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. 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. Pricing Fee: €50 Attendee Limit: Min15 - Max 45 People Registration Deadline: 11 April 2024 Field Trip Leaders Gianni Mallarino MOL Group Attilio Sulli University of Palermo

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)
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)
Webinar
Virtual Webinar
Thursday, 12 November 2020, 5:00 p.m.–6:00 p.m.

Contourites have come of age – both scientifically and economically. These deepwater sedimentary systems, driven by long-slope bottom-current processes, are a fundamental component of many continental margin successions. They are inter-bedded with and interact with down-slope systems, pelagic systems, and deep tidal processes. The contourite play clearly works – now we need to make it a primary target in future deepwater exploration.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 10 November 2011, 12:00 a.m.–12:00 a.m.

This work investigates how heterogeneity can be defined and how we can quantify this term by describing a range of statistical heterogeneity (e.g. coefficient of variation and the Lorenz coefficient).

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Tuesday, 16 April 2013, 12:00 a.m.–12:00 a.m.

The goal of this e-symposium is to provide an overview of the latest trends and technologies for water management for oil and gas drilling, completions, and production.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 17 February 2011, 12:00 p.m.–1:00 p.m.

This presentation is designed for exploration/production geologists and geological managers or reservoir engineers.

American Association of Petroleum Geologists (AAPG)
Online Traditional Course
Wednesday, 1 January 2014, 12:00 a.m.–1:00 a.m.

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

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, 8 November 2012, 12:00 a.m.–12:00 a.m.

This talk will present a brief overview of proppants followed by a comprehensive discussion of the major considerations that are driving proppant selection in these plays.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 23 July 2009, 12:00 a.m.–12:00 a.m.

As commodity prices have dropped, many shale plays have become uneconomical as statistical plays and have increasingly become recognized as geological plays demanding new insights from data.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 27 August 2020, 3:00 p.m.–4:00 p.m.

There are over 300 known active onshore mud volcanoes globally, and many more offshore. Mud volcanoes are subsurface fluid escape features in which high pore pressures drive fluids, gases, and subsurface sediments to the surface. This talk will summarize mud volcanoes around the world and examine mud volcano plumbing systems and their link to petroleum systems.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 18 August 2020, 8:00 a.m.–9:00 a.m.

Fossil fuels have led to a profound increase in world living standards but resulting emissions of CO2 and methane into the atmosphere are a primary factor in climate change. Atmospheric content of CO2 and methane have risen 146% and 257% respectively since pre-industrial time and the rate of increase through 2019 has accelerated. If significant steps are not taken in the coming decade to halt the increase in greenhouse gas emissions (GHG), a phase may be reached in the 2030-2050-time frame described as a “tipping point”, in which steady changes may be replaced by a large-scale change in the climate system. The Middle East is an area of high climate change vulnerability in the coming decades due to extreme temperatures, sea level rise and changing weather patterns.

Show more
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 ...