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America’s recent ascent to the high-level status of a hydrocarbon producer worthy of a significant presence on the world stage of leading producers stems from something new and a rebirth of something old.

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Mystery of the deep: No one knows for sure what quantity of gas hydrates awaits discovery deep in the earth, but projections are auspicious.

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Shale formations can confound even the savviest geoscientist when it comes to determining the inner workings of the rock. After expert evaluation, even the most attractive prospecting deal can be a tough sell. And there’s almost always a new piece to each of these puzzles that requires some sophisticated high-tech explaining.

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The first seismic surveys of the Atlantic Outer Continental Shelf (OCS) since 1988 could happen in the next two years – if the Bureau of Ocean Energy Management (BOEM) finalizes the required environmental impact statement (EIS) in the next few months.

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Statoil’s recent discoveries in the Canadian North Atlantic promises a rebirth of the Newfoundland and Labrador offshore oil industry.

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We also export and import automobiles and many other products. This market movement helps get the desired type of car--or oil--to the consumer. But many consider oil to be more critical to our national security.

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The Final Frontier: The Arctic Circle’s vast, untapped treasures of oil and gas resources beckon explorers to boldly go, despite the daunting technical, political and environmental challenges.

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Discoveries were comparatively sparse, but they persisted steadily throughout the year. Here are some of the more significant discoveries of the past year.

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A review of major oil and gas discoveries of 2013 shows a down year in terms of quantity—but that’s not the whole story.

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In overcoming the technical challenges of oil production in the Arctic, are we making the most of a strategic resource or heading for an environmental and political minefield? The vast Arctic region is probably the last remaining unexplored source of hydrocarbons on the planet. Ultimate resources are estimated at 114 billion barrels of undiscovered oil and 2000 trillion cubic feet of natural gas. This great prize, in a world of diminishing resources, has stimulated both governmental and industry interest. Harnessing the considerable resources of the ‘Final Frontier’ is going to be fraught with many technical, political and environmental challenges that will engage many minds, both scientific and political over the next half century.

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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.

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.

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