Explorer Article

 
Since the dramatic expansion of AAPG/ AAPG Foundation’s Visiting Geoscientist program in the fall of 2014, thousands of students around the globe have benefited from it.
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Explorer Emphasis

 

Dry hole. Two of the worst words in offshore exploration. When per-well costs offshore can reach into the hundreds of millions of dollars, no one wants to drill a duster. So are dry holes nothing but failures? “Not if they provide information that sets up the next discovery,” said AAPG member John Snedden.

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While many are working to forecast when the price of oil might reach $80 a barrel again, renowned international strategist and geopolitical analyst Peter Zeihan, the author of “The Accidental Superpower,” predicts in stunning detail the rising and declining energy plays of 2025 and the countries that will ultimately triumph as the world’s leading producers.
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Selected highlights from international exploration activity in 2015.
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Times may be tough for seismic companies, but not all companies are waiting for the current storm to pass. Spectrum ASA recently moved to gain a greater global footprint by purchasing Fugro’s 2-D seismic library – a move Spectrum CEO Rune Eng called a “game changer” for the multi-client seismic imaging company.
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When revealing the traits that make an explorer successful, Hans Christen Rønnevik, recipient of this year’s Norman H. Foster Outstanding Explorer Award, said it is not necessarily a detailed eye that finds oil and gas.
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Oil spills get a lot of media attention, but the best stories are about the disasters that didn’t happen.
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Explorer Historical Highlight

 
The idea of nationalizing Venezuela’s oil industry had been in the wind for a few years leading up to 1976, and conditions in the global oil market lent considerable momentum to the popularity of the proposal. Weighed in the balance of 40 years of hindsight, though, nationalization has proven to be nothing short of tragic for the nation’s oil and gas sector.
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Explorer Policy Watch

 

Commercial interest in the Arctic has grown with declines in summer sea ice cover – since 2007 the extent of Arctic sea ice has been significantly less than it was in the decade after satellite measurements started in 1978.

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Explorer Regions and Sections

 
It has been an interesting and eventful year in Europe for AAPG. With all the less-than-good news around, we felt it was important to maintain a program of events and activities throughout the year. Although we are constrained by the events in the industry we have still tried to match the wishes of the members.
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