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Business and Economics

31 Jan

Europe Regional Conference 2022 Call for Abstracts Expires in 2 days

Explorer Article

Last year started with promise for the Colombian offshore industry. Shell EP Offshore Ventures Limited and Ecopetrol, S.A. signed an agreement for Shell to acquire an interest in and operate the Fuerte Sur, Purple Angel and Col-5 blocks located in the southern Colombian Caribbean basin. Noble Energy opened an office in Barranquilla and announced plans to drill a prospect at 8,500 feet on the Col-3 block in the Guajira Basin in northern Colombia. Ecopetrol and Petrobras prepared to mature the 2014 Orca discovery on the Tayrona block, also in Guajira. Then COVID-19 came to the Americas in March 2020, and everything changed.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

University geoscience programs face a challenging future as the world emerges from the coronavirus pandemic – one that could have significant and even dire implications for oil and gas. Educators, mostly outside the United States, are already sounding an alarm.

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)
Explorer Historical Highlights

In February 2011, the court in the small Ecuadorian town of Lago Agrio sentenced Chevron Corporation to pay $9.3 billion to a group of about 30,000 Ecuadorian residents of the Amazonian region where Texaco, later acquired by Chevron, had been producing oil for 26 years. The trial was the stuff of which Hollywood movies are made. This legal saga combined fundamental environmental issues, political intrigue, judicial corruption, corporate greed and cliff-hanging courtroom drama. Above all it unveiled the tragedy of a young and brilliant U.S. lawyer who felt he could obtain big money from a giant oil corporation while becoming a hero for the underdogs of this world.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

AAPG members throughout the world are proving that geologists can be highly beneficial to the oil and gas companies that employ them in areas beyond just exploration alone. Two of them are Karyna Rodriguez, vice president of global new ventures at Searcher in London, and Eduardo Vallejo, program lead of technologies and subsurface knowledge at YPF Tecnología in Buenos Aires. In interviews with the EXPLORER, both shared stories about their careers and provided advice to the next generation of professionals.

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

I went to a talk years ago by a speaker who was introduced as a “futurist” for his ability to predict. I’ve always wanted the title of “futurist,” but I’ve not earned it. I’ve been reading a lot of predictions for 2021 from various magazines, papers and blogs. Now I’m as close to a futurist as I will ever get, so here are a few predictions from the experts (I agree with) and how they may impact AAPG.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Not surprisingly, that idea met with an abundance of caution, and even skepticism, from an industry that experienced the severe downturn of 2014-16 followed by the worldwide COVID pandemic of 2020. Still, “I think there’s plenty to be excited about, especially given the recent upsurge in oil prices,” says one analyst.

American Association of Petroleum Geologists (AAPG)
Explorer Article

As oil prices continued to rise in early 2021, explorers had to grapple with an unfamiliar and even somewhat bizarre possibility. Is the business outlook for the oil and gas industry going to be better than almost anyone expected?

American Association of Petroleum Geologists (AAPG)
Explorer Article

On the island of Nevis in the Caribbean, its 11,000 residents are on the verge of an energy transformation. In about two years, their cost of electricity will no longer fluctuate with market prices, and not even a hurricane will stop it from flowing. In fact, over a 25-year period, residents will save an estimated $100 million in energy costs, based on today’s pricing. How is this possible? It is the result of a strategic conversion to geothermal energy developed by GeoFrame Energy, a newly created partnership between Schlumberger New Energy, AAPG Member Bruce Cutright and business partner Dan Pfeffer. Their goal is to make geothermal energy the most cost-effective and reliable means for providing clean, sustainable power.

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Exploration is the heart of the oil and gas industry, and geologists are the heart of exploration. Paradoxically, though geologists are among those most responsible for finding hydrocarbons, data collected by the Brazilian Association of Petroleum Geologists shows that geologists are less likely than their engineering and economist counterparts to be considered for leadership positions in the business and technology areas of oil and gas companies.

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American Association of Petroleum Geologists (AAPG)
Workshop
Muscat, Oman
Monday, 30 May – Wednesday, 1 June 2022, 8:00 a.m.–5:00 p.m.

Save the date! Join us for the upcoming AAPG Exploration in Mature Basins GTW to be held from 30 May – 1 June 2022 in Muscat, Oman. More information to follow soon.

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)
Online e-Symposium
Thursday, 22 October 2009, 12:00 a.m.–12:00 a.m.

This course can help you gain the ability to describe the complex and highly variable reservoirs, which are typified by complex internal heterogeneity.

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, 2 June 2020, 6:00 p.m.–7:00 p.m.

Visiting Geoscientist Xavier Moonan provides an overview of the destruction in the Los Iros area following the 6.9 magnitude earthquake that hit Trinidad and Tobago in 2018. His talk focuses on understanding the results from various post-earthquake studies conducted on the Los Iros, reviewing the theories developed to explain the origin and integrating datasets to provide an understanding of what transpired.

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

The Niobrara Petroleum System of the U.S. Rocky Mountain Region is a major tight petroleum resource play.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 21 May 2009, 12:00 a.m.–12:00 a.m.

This e-symposium introduces you to the practical benefits of thermal profiling for a variety of unconventional oil and gas projects, including tight gas sands, oil shale, low-gravity oil.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 31 March 2021, 7:00 p.m.–8:30 p.m.

Join us for 'Pivoting 2021: Risk and Recovery in 2021'. Panelists discuss how they now approach risk assessment and opportunity evaluation after the dramatic changes due to economic stresses (crises) and a global pandemic. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 31 March 2021.

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)
Online e-Symposium
Friday, 27 March 2009, 12:00 a.m.–12:00 a.m.

Join two GIS/geoscience experts Scott Sires and Gerry Bartz as they use information from the Teapot Dome Field in Wyoming (DOE/RMOTC program).

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 12 July 2012, 12:00 a.m.–12:00 a.m.

This presentation will look at well placement vertically in the pay, well azimuth and well trajectory with explanations of how geology and post-depositional effects can make the difference between a successful well and a failure.

American Association of Petroleum Geologists (AAPG)
VG Abstract

This is a less-technical education topic. It can be condensed to an hour or given as 2 two-hour sessions. It stresses selected controversial aspects of fracking that touch some combination of environment and economics and includes a short video of how fracking is done.

Request a visit from David Weinberg!

American Association of Petroleum Geologists (AAPG)

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