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Explorer Article

 

With OPEC increasingly overshadowed by Saudi Arabia and Russia’s cooperation, and the United States’ escalating production, who holds the power in the global oil arena?

American Association of Petroleum Geologists (AAPG)
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Explorer Emphasis

 

The world is awash in oil at the moment, but with chronic underinvestment in exploration coupled with global energy demand steadily rising, the stage may be set for an oil price spike in the years to come, according to some analysts. Others, on the other hand, predict that improved production methods and project efficiency will go a long way toward meeting supply demands with existing reserves.

American Association of Petroleum Geologists (AAPG)
Desktop /Portals/0/PackFlashItemImages/WebReady/Exploration-Transformation-hero2.jpg?width=100&h=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Part 2 of 2 The Exploration Transformation
 

Oil companies made huge cuts in their exploration budgets during the 2015-17 industry downturn, canceling or postponing up to $1 trillion overall in scheduled and planned projects. At the same time, success rates for international exploration dropped to 50-year lows. The outlook for future reserves has stumbled, if not tumbled.

American Association of Petroleum Geologists (AAPG)
Desktop /Portals/0/PackFlashItemImages/WebReady/the-exploration-conundrum-hero2.jpg?width=100&h=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true The Exploration Conundrum

Explorer Historical Highlight

 

The Chixchulub crater on Mexico’s Yucatan Peninsula was long believed to be the result of volcanic activity, until one young geologist with a No. 2 pencil, some drafting triangles and a calculator made an earth-shattering discovery.

American Association of Petroleum Geologists (AAPG)
Desktop /Portals/0/PackFlashItemImages/WebReady/Explorer-Dec2019-cover-hero.jpg?width=100&h=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true The unexpected discovery of the Paleogene-Cretaceous impact crater Unlikely Impact
 

The search for new sources of helium is of paramount importance as a combination of declining production and increasing demand have made helium prices soar. This follows a century in which the United States had a near monopoly on helium reserves and U.S. production met global demand. Although most of the helium production story has taken place in the United States, there are other nations that have produced and are producing helium.

American Association of Petroleum Geologists (AAPG)
Desktop /Portals/0/PackFlashItemImages/WebReady/02FEB19-helium-shortages-emerging-helium-provinces-fig3-hero.jpg?width=100&h=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true The History of Helium Exploration, Part 2 of 2 Helium Shortages and Emerging Helium Provinces
 

Little more than a novelty when first discovered, helium has become a key commodity. It is used extensively in medical cryogenics, analytical and lab applications, breathing mixtures, as a lift gas, for arc welding, leak detection and, contrary to popular belief, only a little is used to inflate party balloons. There are few substitutes for helium and so, as its applications have become more common, demand has grown and supply is struggling to match demand.

Show more American Association of Petroleum Geologists (AAPG)
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Learn! Blog

 

The first AAPG Beijing Geosciences Technology Workshop, October 26-28, took place in Beijing and represented a number of "firsts." The theme was "Deep and Ultra-Deep Petroleum Systems: What We Know and Don't Know" and the event featured a strong technical program and international cases and topics.

American Association of Petroleum Geologists (AAPG)
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VG Abstract

 
American Association of Petroleum Geologists (AAPG)
Desktop /Portals/0/images/_site/AAPG-newlogo-vertical-morepadding.jpg?width=100&h=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Requisite Non-Technical Skills for Career Success in the Upstream Industry
 
American Association of Petroleum Geologists (AAPG)
Desktop /Portals/0/images/_site/AAPG-newlogo-vertical-morepadding.jpg?width=100&h=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Fundamentals of Formation Evaluation
 
American Association of Petroleum Geologists (AAPG)
Desktop /Portals/0/images/_site/AAPG-newlogo-vertical-morepadding.jpg?width=100&h=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Understanding the Upstream Business
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