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.

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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

The International Meeting for Applied Geoscience and Energy, or IMAGE ’21, the integrated annual event of AAPG and the Society of Exploration Geophysicists in conjunction with the Society for Sedimentary Geology, is all set to be held online and in Denver, Colo., Sept. 26 to Oct. 1. The event will bring together many of the greatest minds and leaders from multiple disciplines of the geosciences sector, which includes an impressive lineup of keynote speakers that include IHS Markit’s Daniel Yergin, Kirsten Siebach of the Mars Perseverance mission and Kirk Johnson of the Smithsonian National Museum of Natural History.

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American Association of Petroleum Geologists (AAPG)
Learn! Blog

Welcome to an interview with Herman Darman, whose career in petroleum geology is now transitioning to geothermal energy, particularly in Indonesia, where there are volcanoes as well as repurposeable oil and gas wells.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Throughout the past decade, Brazil’s pre-salt basins and giant deepwater oil discoveries have brought significant attention to the country and to the offshore South Atlantic. Though operating in the Brazilian pre-salt play promises billions of barrels of oil, it also requires billions of dollars in investment and technology, something just a handful of companies can bring to the table. While Petrobras and international companies focus their attention on the Brazilian offshore, a handful of Brazilian companies and foreign investors have focused inland, where they are quietly starting Brazil’s onshore revolution.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

In North America’s history of building pipelines to transport oil, natural gas and petroleum products, somewhere along the way, the process became political. By pulling the presidential permit on the Keystone XL pipeline, President Joe Biden sent a powerful message: Even if a pipeline benefits citizens and trade relations with important allies, and even if it has met or exceeded design and regulatory requirements and secured community support, its fate can ultimately be determined by a whim.

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American Association of Petroleum Geologists (AAPG)
Explorer ProTracks

Like many of my age cohort, I often listen to podcasts on my daily commute to work. One of my favorites is Motley Fool’s “Rule Breakers,” a stock market-oriented podcast by David Gardner. One of the common refrains he uses to describe his stock-selecting philosophy is that he looks for “dark clouds I can see through.” The premise is simple: if a company has been beaten down for a good reason, but you have line of sight on that issue being resolved, there exists an opportunity to acquire at a good value and profit from the recovery. Can we see through the dark clouds that hang over the industry today, to a brighter future?

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Add the offshore sector to the much-improved outlook for oil and gas. If current projections are correct, offshore activity should be getting a major boost, starting later this year. This expected rebound has more to do with sharply lower drilling and production costs than with higher oil prices.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Desperate to ship crude oil from the oil-rich province of Alberta to the Irving Oil Refinery on Canada’s east coast, Cenovus Energy took the path of least resistance last summer. It sent oil 710 miles through the Trans Mountain Pipeline to its west coast terminal in British Columbia, loaded it on a tanker, and began a 7,500-mile journey – through the Panama Canal – and up the eastern seaboard to New Brunswick. To an outsider, that statement might seem absurd, when the distance between Alberta’s prolific oil sands and the refinery is 2,600 miles – less than a third of the distance traveled by Cenovus. Yet, it was considered a successful transaction, given the fact that there is no pipeline connecting Alberta, the location of the world’s third largest oil reserves, to Canada’s east coast, the location of the country’s largest refinery.

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

First there was Peak Oil, the Malthusian fear that the world was running out of oil. This idea has been around for a long time but had its most recent renaissance in the mid- 2000s with a host of books warning that global demand was going to overwhelm the industry’s ability to supply. The expansion of unconventional oil and natural gas production quieted concerns about supply constraints. The world is not running out of hydrocarbons.

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
Wednesday, 10 June 2020, 11:00 a.m.–12:00 p.m.

Gil Machado is a Petroleum Exploration Geologist with a Ph.D in stratigraphy and source rock characterization. Gil's presentation 'Reducing Uncertainty and Increasing Chances of Success Using Biostratigraphy', will explore the role of biostratigraphy in the exploration workflow. Several success cases from around the World will be detailed, showing the uses of this discipline for sedimentation age determination, paleoenvironmental interpretation and source rock characterization. Join Gil Machado via Zoom on June 10 at 12:00 GMT+1

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American Association of Petroleum Geologists (AAPG)
Online Traditional Course
Tuesday, 1 January 2013, 12:00 a.m.–1:00 a.m.

In the span of a mere few months, the much of the world went from a state of exuberant self-actualization to the most primal level of survival (health, food, shelter) insecurity. Consequently, the world has changed. Shock change due to pandemic-triggered chain reactions, supply / demand and price instability, rapid technological innovation, new plays and changing markets, distributed teams and workforces, the powerful force of social media, shortages of technical expertise, and supply chain issues have come together to create new challenges and opportunities for leadership. We will analyze how the issues relate to the oil and gas business (exploration, development, oilfield services, support services, financial sector) and we will propose solutions for immediate real-world emergencies, together with longer term challenges. In addition, we will evaluate what prominent thinkers and academics have written about leadership and strategic planning.

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American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 28 July 2011, 12:00 a.m.–12:00 a.m.

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

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Tuesday, 14 December 2010, 12:00 a.m.–12:00 a.m.

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

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Friday, 11 December 2020, 11:30 a.m.–12:30 p.m.

In a world moving to net-zero emissions during the COVID-driven oil price collapse, there remain important scientific and business opportunities for geoscientists, particularly those with expertise in stratigraphy, sedimentology, reservoir geology and hydrocarbon production. In this webinar, Dr. Julio Friedmann, senior research scholar, Center on Global Energy Policy, Columbia University discusses the challenges this community faces which are not scientific or technical, but rather involve shifts in business model, policy and global market trends. Webinar presented via Zoom on 11 December 2020 at 11:30 am CST (UTC-6).

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American Association of Petroleum Geologists (AAPG)
Online Certificate Course
Tuesday, 1 January 2013, 12:00 a.m.–1:00 a.m.

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.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 25 June 2020, 8:00 a.m.–9:00 a.m.

Panelists will discuss current unconventional resource activities in North America, including key plays that remain competitive and potential for future growth. They also will address the key challenges for unconventional resources to stay competitive in the global market: maintaining cashflow, reducing expenditures, improving capital and production efficiencies and managing resources. Virtual Forum to be presented via Zoom.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 28 April 2020, 12:00 p.m.–1:00 p.m.

Em 2011 e 2015, apresentei uma avaliação do potencial de petróleo ainda por descobrir (YTF – Yet to Find) na região brasileira do pré-sal, utilizando uma ferramenta de modelagem de exploração e um método de simulação estocástica (Monte Carlo) para estimar as acumulações potenciais já descobertas e as restantes para ser descobertas. Embora da metodologia robusta usada, é compreensível que, à luz dos novos preços do petróleo, muito mais baixos, a avaliação do óleo YTF possa ser questionada sobre o quão realista poderia ser, num cenário prolongado de preço baixo do petróleo. Em 2016, apresentei essa avaliação, para preços do petróleo abaixo de US$ 50/bbl. Agora, com os preços do petróleo ainda mais baixos que podem representar um novo cenário de redução por mais tempo, volto a revisar as avaliações anteriores. Os resultados são apresentados no contexto de importantes implicações geopolíticas para em regiões do mundo onde os recursos de petróleo e gás provavelmente continuarão viáveis, apesar dos preços baixos do petróleo, e os rearranjos geopolíticos que isso implica.

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 3 June 2020, 7:00 p.m.–8:30 p.m.

Join us for 'Analytics-Based Opportunities in Double Black Swan Times' where we will discuss the steps companies are taking, business considerations in cross-industry analytics -start-ups to majors, analytics agility in a double black swan world, enabling the workforce to utilize and exploit data remotely using the cloud and machine learning. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 3 June 2020.

American Association of Petroleum Geologists (AAPG)

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