Oil Prices Down Five Sessions in a Row - 09 December, 2022 07:30 AM
Oil from Dodgy Origins Offered at Discount to U.S. Energy Traders - 09 December, 2022 07:30 AM
Exxon Mobil, Chevron, Kinder Morgan Plan Billions in Capital Spending - 09 December, 2022 07:30 AM
Oil Tankers Are Getting Stuck in the Black Sea - 09 December, 2022 07:30 AM
When China and Saudi Arabia Meet, Nothing Matters More than Oil - 09 December, 2022 07:30 AM
Petroleum Systems of the Middle East Member Call for Abstracts
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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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How the oil and gas business finds investors is changing. Again. But it may change back. Or not. “The private equity firms that have traditionally funded new hydrocarbon companies are facing new pressure from their investors to stop placing capital in oil and gas, and the desire for quick profit – or even profit at all – has become secondary to a perceived battle against carbon dioxide,” said Don Burdick, who understands how counterintuitive not making a profit sounds. On the surface, it’s a startling development.
The global shift from greenhouse gas-intense, carbon-based fuels toward alternative energy sources and technologies sometimes produces unintended negative impacts. Experts at the Bureau of Economic Geology at the University of Texas at Austin are mounting a major study of these effects – the Comparing Electricity Options research consortium – with the intention of helping to identify and mitigate such unintended outcomes.
In February, TotalEnergies announced a significant light oil discovery in the Orange Basin, offshore Namibia. Reuters reported a source suggesting that the Venus-X1 well may have found more than 1 billion barrels of oil equivalent. This was the second significant discovery announced in the basin that month. The offshore continues to deliver new oil and natural gas discoveries worldwide. And as this issue hits your inbox, the offshore is the primary topic of discussion in Houston as the 2022 Offshore Technology Conference returns to NRG Park from May 2-5.
Listening to “King of the Mountain” by Midnight Oil, a song about a foot race up the wickedly steep Mount Cooroora in Australia, prompted me to think about whether it is good to be the king, or to be in a position to just help others get to the top of the mountain. We do not need royal powers or superhuman running ability to make a difference for people participating in AAPG activities. Making a difference can be much simpler and just requires the will to make the climb and help others along the way.
In the first part of this series, we showed the energy transition will follow an “all of the above” trajectory, irrespective of aspirational messages. Our conclusions are based on the inherent limitations of wind and solar low-density energy machines for generating base-load power: low-density energy machines would cover hundreds of millions of acres. Also in part 1, we discussed Princeton University’s Net Zero America report, an outstanding, 18-author study of five models to de-carbonize the United States by 2050. The report does not mention environmental impact of LDEMs.
While it is evident that the world will rely on oil and gas for years to come, some industry geoscientists are paving a path toward a future in alternative energy and other geoscience-related careers. Geoscientists are needed for research and development in areas of geothermal science, minerals and mining, and carbon and energy storage. They also are needed for projects that require knowledge of geology, subsurface imaging, reservoir development, satellite mapping, geotraining, multiphysics and smart data solutions.
The energy transition has been getting so much press that a hypothetical visitor from Mars could be forgiven for believing it will be completed “by next Tuesday.” Some universities and organizations are dropping any mention of petroleum in the interest of appearing forward-looking. We see this as timely folly based on a lack of historical perspective. History shows that energy transitions are lengthy and complicated. They never follow a prescribed path; they wander down dead-ends and evolve with pragmatic solutions unforeseen today.
Shell has made a significant oil and gas discovery at the Graff-1 well offshore Namibia. The well results have so far shown at least two reservoirs in the Upper Cretaceous, with a light oil column reported in the Santonian, in high quality channel sands. This discovery is in the deep water of the southernmost sector of the Orange Basin offshore Namibia.
As the United States looks for ways to decarbonize its energy sources, some believe the nation’s abundant gas reserves – estimated at 495 trillion cubic feet in 2019 by the U.S. Crude Oil and Natural Gas Proved Reserves – can play an important role. Using the steam methane reforming process, the numerous petrochemical plants along the Gulf Coast are the No. 1 producers of hydrogen in the nation. Because this hydrogen is produced with a CO2 byproduct, it is not considered a clean energy. However, by integrating carbon capture, utilization and storage into the SMR process, a clean form of hydrogen could be produced and used for process heating, in gas turbines that generate electricity, in shipping vessels and in the petrochemicals industry.
Adventure enthusiasts should enjoy the story of Angelo Pitoni, a larger- than-life geologist whose story includes exploits rivaling any of those portrayed on the big screen. This article focuses specifically on a chapter of his life that took place in my country, Venezuela, and forms part of our country’s oil exploration history.
Join us for a workshop where experts will explore the Carpathian foreland and the Dnieper-Donetsk rift basins with a focus not only on hydrocarbons, but the utilization of geothermal resources, hydrogen exploration and CCUS.
This presentation describes a proven workflow that uses a standard narrow azimuth 3D seismic, conventional logs, image logs and core data to build five key reservoir properties required for an optimal development of shale plays.
The course will review core data, petrophysical comparisons, rock physics modeling (including pseudo logs and mechanical properties).
The presentation will focus on hydraulic fracture geometry in shales, the materials used in the fracturing process, and treatment monitoring via microseismic.
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).
A detailed biostratigraphic analysis and stratigraphic framework of the Paleocene and Eocene Chicontepec Formation in the Tampico-Misantla basin, onshore eastern Mexico, was conducted using 33 wells.
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.
Ray Leonard will be talking to us about 'Climate Change, Covid-19 and the Effect on Energy’s Future'. 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. The impact of the Covid-19 pandemic of 2020 has resulted in a significant decrease in world economic activity, which in turn has led to a major, if temporary, decrease in greenhouse gas emissions, particularly CO2. Join Ray Leonard via Zoom on June 15 at 12:00 GMT+1
Both climate change and the most recent coronavirus pandemic have generated multiple impacts on society. Though on the surface the crises appear to be unrelated, they have more similarities than differences. The common elements shared by Covid-19 and climate change promote the development of comprehensive solutions that mitigate both crises simultaneously.
This talk examines how actions and strategies developed for the energy transition can help to address the multiple challenges that the world faces today.
The “Great Crew Change” has become the “Competence Train Wreck” due to the repeated personal mis-management practices of our industry and again not anticipating the known volatility of commodity prices. Despite this, hydrocarbon based energy will continue to comprise over 60% of the world’s energy mix for at least the next half century and of that energy need over half of it has yet to be found! Personal experience in working for National Oil Companies, Parastatals, large independent oil companies, small independents, as an independent and as a consultant have given me the perspective of some of the best and some of the worst of the exploration practices the industry has to offer.
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.
President Biden has laid out a bold and ambitious goal of achieving net-zero carbon emissions in the United States by 2050. The pathway to that target includes cutting total greenhouse gas emissions in half by 2030 and eliminating them entirely from the nation’s electricity sector by 2035.
The Office of Fossil Energy and Carbon Management will play an important role in the transition to net-zero carbon emissions by reducing the environmental impacts of fossil energy production and use – and helping decarbonize other hard-to abate sectors.
Request a visit from Jennifer Wilcox!
Local sea-level changes are not simply a function of global ocean volumes but also the interactions between the solid Earth, the Earth’s gravitational field and the loading and unloading of ice sheets. Contrasting behaviors between Antarctica and Scotland highlight how important the geologic structure beneath the former ice sheets is in determining the interactions between ice sheets and relative sea levels.
Request a visit from Alex Simms!
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