On the island of Nevis in the Caribbean, its 11,000 residents are on the verge of an energy transformation. In about two years, their cost of electricity will no longer fluctuate with market prices, and not even a hurricane will stop it from flowing. In fact, over a 25-year period, residents will save an estimated $100 million in energy costs, based on today’s pricing. How is this possible? It is the result of a strategic conversion to geothermal energy developed by GeoFrame Energy, a newly created partnership between Schlumberger New Energy, AAPG Member Bruce Cutright and business partner Dan Pfeffer. Their goal is to make geothermal energy the most cost-effective and reliable means for providing clean, sustainable power.
Added on 01 February, 2021
If you have ever wondered what Robert Southey, who wrote “Goldilocks,” Lewis Carroll, who wrote “Alice in Wonderland,” and W.H. Adams, widely credited with discovering the Permian Basin, have in common – and you would be forgiven if you haven’t – then this month’s AAPG Global Super Basins Leadership Conference will be the occasion to find out. Because someone from Chevron has been thinking about that very comparison – both from the perspective of how the company is working to use the Permian as a template for future exploration and also because it sums up the state of affairs in 2020 about as well as anything.
Added on 01 January, 2021
Electric vehicles have been targeted as an important transition toward a greener planet. Yet the manufacturing of lithium ion batteries is creating a significant environmental impact. As it stands, most large volumes of lithium-bearing rocks and brines mined in Australia, Chile, Argentina and other countries must be shipped to China, which controls 65 percent of the supply chains for battery-ready lithium chemicals and 73 percent of the manufacturing of lithium ion batteries. While carbon emissions from shipping is substantial, the greatest environmental impact comes from the actual processing of lithium and the manufacturing of its end products. The United States could play a significant role in solving this problem.
Added on 01 January, 2021
This study evaluates the suitability of well log response to predict occurrence and organic richness of Cline shale depositional facies, an unconventional reservoir in the Permian Basin. Successful horizontal drilling correlates well with the most organically enriched petrofacies.
Added on 21 December, 2020
As companies work toward developing alternative sources for a world with ever-increasing energy demands, energy minerals are moving to the forefront of the conversation. AAPG’s Energy Minerals Division finds itself in the spotlight these days for its work in prospecting alternative energy sources, such as geothermal and hydrates, for commercial use. “We’ve got good momentum right now with interest in alternative energy,” said Ursula Hammes, AAPG Member, EMD president and president at Hammes Energy and Consultants.
Added on 01 December, 2020
Do super basins have a role in sustainable development? The short answer is, Yes. Super basins can be part of a sustainable energy and environmental future for the planet. A more complex answer is: It depends on how you define “sustainable.” In the view of the oil and gas industry, sustainability has an economic component and an environmental component. Hydrocarbon-based energy is essential for a sustainable world economy in that view, and it will be for a long time to come.
Added on 01 November, 2020