Oil Settles Lower Ahead of Expected Rate Hikes, OPEC Committee Meeting - 31 January, 2023 07:30 AM
BP Says Demand for Oil and Gas will Drop Dramatically by 2050 in 'Decisive Shift' - 31 January, 2023 07:30 AM
What Drone Attacks on Iran Mean for Oil Prices - 31 January, 2023 07:30 AM
Exxon Mobil Sets Large-Scale Hydrogen Plant Start-Up for 2027 - 31 January, 2023 07:30 AM
Russia Bans Oil Exporters from Adhering to Western Price Caps - 31 January, 2023 07:30 AM
The Importance of Exploration and Production in the Energy Transition Call for Abstracts
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Low Resistivity Reservoirs: Path to Explore, Discover and Develop Call for Abstracts
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A century ago, a gusher helped transform Venezuela from an agricultural country known as an exporter of coffee, cacao and cattle into one of the world’s largest oil producers. It was front-page news on the world’s most important newspapers. The country’s most significant 20th-century discoveries took place in the Maracaibo Basin between 1910 and 1925 and were based on surface geological exploration of concessions held by American and European companies. One of the strikes, the large La Rosa Field, was discovered in 1917 by Venezuelan Oil Concessions, a Royal Dutch Shell affiliate, on a 3,000-square-mile concession.
As countries seek to transition to cleaner-burning fuel to address environmental concerns, it can also be argued that the need to eliminate energy poverty remains just as crucial. The future energy mix must be wide-ranging and diverse to meet the needs both of the environment and the people living on the planet. New companies have begun to bring geothermal energy to areas that aren’t adjacent to volcanoes or that don’t have access to tectonic settings, which allow for an easy harvesting of the Earth’s heat. Some are embracing the niche operation of repurposing traditional geothermal wells and non-producing oil and gas wells. Others are promoting widespread geothermal energy through deep vertical and multilateral wells that can bring heat and electricity to the masses.
In the world of oil and gas, an increasing number of plays in stratigraphic traps are being made – in large part due to ever-evolving seismic technology. The Discovery Thinking forum at the annual IMAGE conference in August served to highlight some of these plays in offshore frontier basins and the role that geophysics played in their discovery. “We are seeing more giant stratigraphic fields, and seismic is the key,” said past AAPG President Charles A. Sternbach, chair of the Discovery Thinking forum. “And, we are seeing more oil found at greater depths. Unconventional plays are migrating outside of the Western Hemisphere.”
People often associate Utah with spectacular canyons cut into the Colorado Plateau, the state’s five national parks, incredible skiing in the beautiful mountains, the opportunity to wade around in the briny water of Great Salt Lake or hearing the Mormon Tabernacle Choir sing the “Hallelujah Chorus.” Visitors to the state, as well as most of its citizens, don’t think of Utah as a major producer of oil and gas. However, Utah has consistently ranked among the highest oil and gas producers in the United States.
In 1949 an historic oil field was discovered under the Caspian Sea. The field was named “Neft Dashlari, which in Azerbaijani means “Oil Rocks,” and it was a milestone in the development of the global oil industry. Oil Rocks, an iconic “city in the sea,” pointed the way to modern offshore drilling as we know it today.
Depleted horizontal oil and gas wells could have a second life storing renewable energy, according to researchers at the U.S. Department of Energy’s National Renewable Energy Laboratory. Because renewable forms of electricity generation like solar and wind require low-cost energy storage, the NREL researchers propose using depleted hydraulically fractured oil and gas wells to store electrical energy in the form of compressed natural gas to be released to spin an expander/generator when electrical demand is high.
NASA’s Perseverance rover is currently exploring the delta front of Jezero Crater on Mars. It has traveled 7.4 miles and drilled twelve core samples. For Katie Stack Morgan, geologist and deputy project scientist for the Perseverance Mars rover, the first close-up image of layered rocks at the base of Jezero Crater’s ancient river delta grabbed her imagination. “These are the layered rocks that we came for!” she said.
Geosteering innovations continue to have dramatic breakthroughs in accuracy, efficiency, and real-time monitoring capabilities, thanks to pioneering work in analytics with new algorithms and approaches to machine learning. Welcome to an interview with Hugh Winkler, who will also be presenting at AAPG's U-Pitch New Technology Showcase, at IMAGE.
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.
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.
This course introduces the learner to the fundamentals of shale gas, including current theories that explain its origin, and how to determine which reservoirs are commercially viable.
Unger Field, discovered in1955, has produced 8.6 million barrels of oil from a thinly (several ft) bedded, locally cherty dolomite containing vuggy and intercrystalline porosity.
The Niobrara Petroleum System of the U.S. Rocky Mountain Region is a major tight petroleum resource play.
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.
Unconventional Resources is an online course that enables participants to learn about shale gas, shale oil and coalbed methane.
Upon successful completion of this course, you will be able to describe geomechanics in shale reservoirs and discuss differences between plays.
This course is ideal for individuals involved in Midland Basin exploration and development. Successful development of Wolfcamp shale oil relies on complex inter-relationships (ultimately interdependencies) within and between a wide variety of scientific disciplines, financial entities, and company partnerships.
This presentation discusses one operator’s approach to fully integrate data captured in the Marcellus Shale in order to optimize horizontal well performance.
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.
This e-symposium presents techniques for predicting pore pressure in seals by examining case studies from the Gulf of Mexico and incorporating the relationship between rocks, fluids, stress, and pressure.
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