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
Expires in 7 days
The Importance of Exploration and Production in the Energy Transition Call for Abstracts
Expires in 67 days
Low Resistivity Reservoirs: Path to Explore, Discover and Develop Call for Abstracts
Expires in 118 days
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.
The petroleum industry has changed and is under attack. Many want to stop production of carbon-based fuels. There is a logic to this if we look to the future. We need to sustain energy production and fill the holes in the current alternative energy industries like solar, wind turbines, geothermal and advanced batteries. This does not mean oil industry jobs will be eliminated. They will just change.
When introducing his American Jobs Plan, President Biden promised it would invest “in America in a way we have not invested since we built the interstate highways and won the Space Race.” To put that investment in perspective, the interstate highway system, encompassing 47,000 miles of roads, cost $500 billion in today’s dollars, adjusting for inflation; the Apollo Program, about $194 billion. The price of the American Jobs Plan: $2.3 trillion. Included is significant investment proposed for the energy sector, which includes expanding clean energy sector tax credits, offering block grants and increasing government purchasing power to aid the new renewable sector.
Increasing global concern about climate change and its impact on the environment and society has led to a variety of strategies to reduce carbon dioxide emissions and to remove CO₂ from the atmosphere and find places to store it. Many companies are hard at work to perfect methods of carbon capture, use, and storage. Franek Hasiuk, associate scientist at Kansas Geological Survey, said CCUS is the best technology available to reduce emissions produced by the global economy. Hasiuk is part of a team of scientists working on the Integrated Midcontinent Stacked Carbon Storage Hub, a project to investigate subsurface geology in southwest Kansas and southwest Nebraska and demonstrate the viability of injecting CO₂ into underground rock layers.
Unconventional resource development has a remarkable history, combining breakthroughs and advances in both technology and geoscience. The pace of progress might have slowed in recent years, but that history is still being written.
AAPG has a long history as a proactive organization focused on advancing geology, especially as it relates to petroleum, natural gas, other subsurface ﬂuids and mineral resources. As part of this focus, AAPG supports the vital role that AAPG geoscientists play in improving the human condition while minimizing environmental impacts as our members tackle the energy transition’s immense challenges. To this end, future issues of the Environmental Geosciences journal are becoming part of the AAPG Bulletin.
It is sometimes said that every good idea and every innovation needs a good story. After 2020 we are now re-writing our individual and collective stories. Post COVID-19 reality has allowed AAPG members to reach beyond their normal geographical areas of influence. It is said that “necessity is the mother of all invention.” If that’s the case, then as a corollary I say that “failure is the father of most innovation.”
The best-case outlook for the future of world energy looks highly positive for the oil and gas industry. In that outlook, energy demand returns to pre-pandemic levels and production increases as the world’s economies recover, giving the industry an opportunity for a strong rebound and years of attractive growth. But other scenarios could put roadblocks in the way of exploration and production, some of them potentially coming from the energy industry itself. OPEC+ definitely holds one key to the future, and the global energy transition appears to have picked up a considerable amount of momentum over the past year and a half.
“If you care about the climate, elimination is not the way to go. Innovation is,” said Sen. Joe Manchin, D-W. Va., chairman of the Senate Energy and Natural Resource Committee, at a forum sponsored by General Electric and hosted by the news website Axios on the eve of President Joe Biden’s global climate summit last month. That the summit was held during Earth Day was not a coincidence. The forum, which also included as guests, Southern Company Chairman, President and CEO Thomas Fanning, and GE Chairman and CEO Larry Culp, was part of the media company’s “Energy Forward” series, which focuses on politics and policies surrounding sustainability, energy efficiency and new technologies in the coming decades.
In the quest to reach net-zero emissions of energy-related carbon dioxide by 2050, a longtime goal of the United States, other world governments and energy agencies, no one is even close to achieving it. Despite 2020’s largest decline in emissions as a result of less energy usage during the COVID-19 pandemic, the EIA anticipates “a rapid rebound in energy demand and emissions” this year. Furthermore, they project that by 2050, U.S. energy-related emissions will be 5-percent higher than 2020 levels. Although it looks unlikely, net-zero carbon emissions by 2050 is possible, according to at least one notable expert within AAPG, but not without a strong reliance on nuclear energy.
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.
There are approximately 1,000 oil and gas fields in the world that have been classified as 'giant,' containing more than 500 million barrels of recoverable oil and /or 3 trillion cubic feet of gas.
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
Thulisile Sopete explores the sedimentary evolution of the Pletmos Basin. The Pletmos Basin is a sub-basin of the greater Outeniqua Basin, is located off the south coast of South Africa and is bounded by the Bredasdorp Basin to the west, the Gamtoos Basin to the east and the Southern Outeniqua Basin to the south.
The approach applied in the analysis for this study was based on five selected seismic transects which were interpreted using seismic stratigraphy. These interpretations were incorporated along with composite logs analysis for their respective wells to provide the framework in understanding how the Pletmos Basin evolved sedimentologically.
Visiting Geoscientist Susan Morrice shares her personal experience and insight in this talk about opportunities for geoscientists. “Geoscientists have advantages ... They are Time Travellers and have open minds. Bringing this creativity and innovation to your company or starting your own! Challenging times bring silver linings!”
Join us for 'Sustainability-Focused Opportunities'. A webinar to explore investment trends, new opportunities, and strategies for pivoting for new revenue and diversification in today's times. Webinar will be presented via Zoom 7:00pm - 8:30pm CDT 17 June 2020.
This e-symposium presentation places the interpretation of deep-water turbidites discernible in 3-D seismic inversion data within a geological context.
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.
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.
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.
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.
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!
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!
How to Join
100 Years Anniversary
About AAPG Divisions
DEG: Division of Environmental Geosciences
DPA: Division of Professional Affairs
EMD: Energy Minerals Division
PSGD: Petroleum Structure and Geomechanics Division
Geosciences Technology Workshops (GTW)
In Person Training
Visiting Geoscientist Program
Asia Pacific Region
Latin America Region
Middle East Region
Imperial Barrel Award
Africa (Lagos) Office
Asia Pacific (Singapore) Office
Europe (London) Office
Latin America (Bogotá) Office
Middle East (Dubai) Office
Purpose / Mission
Constitution & Bylaws
Access Online Journals
Review Site Activity
Upgrade Member Level
Annual Convention and Exhibition
International Conference and Exhibition
Unconventional Resources Technology Conference
Arctic Technology Conference
Imperial Barrel Award
Books - Buy one
Imperial Barrel Award
Renew Sponsored Dues
Search and Discovery
Visiting Geoscientist Program
LinkedIn | Facebook | Twitter | YouTube
Email: | Other Contact Info