Oil Prices Rise Amid Hurricane Beryl Concerns, Middle East Tensions - 03 July, 2024 07:30 AM
Alaska North Slope Group Sues Biden Administration Over Oil-Development Limits - 03 July, 2024 07:30 AM
The EU’s Methane Regulations Will Impact US Oil and Gas Producers - 03 July, 2024 07:30 AM
Aramco Targets 60-Percent Increase in Gas Production by 2030 - 03 July, 2024 07:30 AM
Saudi Arabia Announces Discovery of Seven Oil, Gas Deposits - 03 July, 2024 07:30 AM
Introduced almost 20 years ago, ESG became the social responsibility yardstick of choice for money managers worldwide. Now, it has become one of the biggest controversies in finance. Investing based on ESG ratings has been called a scam, a failure, an attack on fossil fuels, an example of “woke” capitalism, a mix of greenwashing and corporate deception, a dereliction of fiduciary duty. What happened?
Over the next two years, led by the Middle East and South America, a resurgent offshore sector is poised to reach its highest level of activity in more than a decade. That’s right: the Middle East. With so much happening around the world, the energy industry will need to play catch-up to prepare for future growth.
Carbon capture utilization and storage was labeled “a gold rush” by Bloomberg Businessweek in January. Much of it is driven by the 45Q carbon capture and storage tax credit that has significantly changed the economic outlook for CCUS. Injection of CO2 into the subsurface has been used for tertiary oil recovery efforts in the Permian Basin of New Mexico and West Texas since the 1970s. However, the permanent storage of CO2, especially in saline reservoirs, is a relatively new enterprise.
“When aspiration and reality collide, in my experience reality wins every time,” said Jeff Miller, chairman, president and CEO of Halliburton, last month at the inaugural Middle East Oil, Gas and Geosciences Show (MEOS GEO) in Bahrain. He made the remark in the context of a CEO discussion about the industry and its response to the energy transition. The truth of his observation is much broader. As AAPG identifies and prepares new ways to serve its members and attract new members for decades to come, it’s important for us to understand the facts, as best we can. If our strategy is to succeed, it must be based on reality. One reality we face in the United States and Europe is dwindling enrollments in the geosciences, and the jobs these graduates are getting are rapidly changing.
Pete Rose, a renowned and highly active member of AAPG and the wider petroleum industry, passed away on Dec. 19, 2022. He was 87 years old. “The recent passing of Dr. Peter Rose was a shock to many AAPG members,” said past AAPG President Patrick J.F. Gratton.
Working in arduous desert conditions and leading a team of explorers in the 1930s and ‘40s from the company that would come to be Aramco, Max Steineke put Saudi Arabia on the world petroleum map. A definitive, book-length biography of Steineke is yet to be written, but what follows outlines his career and contributions to petroleum geology and exploration during a period and in places far from the comforts, facilities and technologies enjoyed today. And yet, his exploration output from a single basin remains unparalleled, and his story offers valuable insights.
Considering climate change impact mitigation, the world’s need for raw materials, new ways of addressing energy needs and management of water resources — not to mention its own internal “crew change” — the geoscience community now faces a uniquely tumultuous time. How, in the coming decades, will the industry meet these often insurmountable, conflicting challenges? Is it even ready? Perhaps, most fundamentally and philosophically, what will the profession look like in the years to come as it tries to do all that?
In the race to find the best mix of clean fuel sources, many oil companies are reinventing themselves more broadly as “energy companies” and including geothermal energy, hydropower, solar and wind farms among other sources in their projects. In this context, hydrogen has recently become very important for most energy companies worldwide and offers significant potential to enable the transition to a clean, net-zero-emissions world economy.
The need for helium is growing and supplies in the United States are dwindling, creating an economic opportunity for geoscientists whose knowledge and skills are ideal for this niche industry. In Arizona, known for its helium-rich formations, a growing number of companies are leasing land and drilling for the gas.
Colombia’s 60-year internal conflict impacts a great part of the South American nation, but the most devastating effects have occurred in rural communities and outlying populations that, in addition to violence, are plagued by geographical and social isolation, deficiencies in educational and health care and inattention from the government authorities. Ironically, many of these areas are geological environments ripe for oil and gas exploration and mining. Challenges like these caught the attention of Carlos Ortega, an exploration geologist who co-founded ACGGP’s Regional Pedagogy Program to serve as a bridge between communities and industry.
This AAPG Academy webinar touches on three topics related to evolving energy innovations.
Learn to critically evaluate current issues that can impact growth and sustainability of oil and gas ventures.
Irewole Ayodele discusses the role of Geosciences when evaluating reservoir assets for mergers and acquisitions. In this presentation, Irewole Ayodele will provide a broad overview of M&A initiation and due diligence in the oil and gas industry. Then more details will be provided on the role of geoscientists in conducting due diligence on oil & gas assets. The lecture will use a few case studies showing what kinds of red flags and pitfalls acquirers should be able to spot, mitigate or avoid for a successful M&A valuation process. Webinar presented via Zoom on 26 November at 5PM Dubai time.
The presentation will discuss key reservoir information and how to develop a predictive pressure model.
This presentation gives a short overview of Time-lapse (4D) seismic potential over a few case studies from TotalEnergies’ portfolio of assets. It shall begin with a brief introduction of basic concepts of 4D seismic; some of TotalEnergies’ 4D seismic related activities over the years as well as an overview of some published methods and workflows on 4D seismic. Some examples of application of 4D seismic in clastic and carbonate fields, as well as its use in a geomechanical context will be given, and finally conclude with a reflection that 4D is a transverse subject where many disciplines are involved.
This e-symposium covers how to conduct an interdisciplinary evaluation of mature fields to determine the best approach to recover remaining reserves.
The course will review core data, petrophysical comparisons, rock physics modeling (including pseudo logs and mechanical properties).
The entire Middle Pennsylvanian–to–top Precambrian basement (500 m) interval was cored in early 2011 in the BEREXCO Wellington KGS #1-32 well in Wellington Field, Sumner County, KS.
This webinar will look at how Dell and NVidia support startups, AAPG's New Technologies Showcase, new technologies in plugging and sealing wells, and how to reduce the cost of water in hydraulic fracturing.
Join two GIS/geoscience experts Scott Sires and Gerry Bartz as they use information from the Teapot Dome Field in Wyoming (DOE/RMOTC program).
The Betic hinterland, in the westernmost Mediterranean, constitutes a unique example of a stack of metamorphic units. Using a three-dimensional model for the crustal structure of the Betics-Rif area this talk will address the role of crustal flow simultaneously to upper-crustal low-angle faulting in the origin and evolution of the topography.
Request a visit from Juan I. Soto!
As oil and gas exploration and production occur in deeper basins and more complex geologic settings, accurate characterization and modeling of reservoirs to improve estimated ultimate recovery (EUR) prediction, optimize well placement and maximize recovery become paramount. Existing technologies for reservoir characterization and modeling have proven inadequate for delivering detailed 3D predictions of reservoir architecture, connectivity and rock quality at scales that impact subsurface flow patterns and reservoir performance. Because of the gap between the geophysical and geologic data available (seismic, well logs, cores) and the data needed to model rock heterogeneities at the reservoir scale, constraints from external analog systems are needed. Existing stratigraphic concepts and deposition models are mostly empirical and seldom provide quantitative constraints on fine-scale reservoir heterogeneity. Current reservoir modeling tools are challenged to accurately replicate complex, nonstationary, rock heterogeneity patterns that control connectivity, such as shale layers that serve as flow baffles and barriers.
Request a visit from Tao Sun!
The carbonate sequences that were deposited in the now exhumed Tethyan Ocean influence many aspects of our lives today, either by supplying the energy that warms our homes and the fuel that powers our cars or providing the stunning landscapes for both winter and summer vacations. They also represent some of the most intensely studied rock formations in the world and have provided geoscientists with a fascinating insight into the turbulent nature of 250 Million years of Earth’s history. By combining studies from the full range of geoscience disciplines this presentation will trace the development of these carbonate sequences from their initial formation on the margins of large ancient continental masses to their present day locations in and around the Greater Mediterranean and Near East region. The first order control on growth patterns and carbonate platform development by the regional plate-tectonic setting, underlying basin architecture and fluctuations in sea level will be illustrated. The organisms that contribute to sequence development will be revealed to be treasure troves of forensic information. Finally, these rock sequences will be shown to contain all the ingredients necessary to form and retain hydrocarbons and the manner in which major post-depositional tectonic events led to the formation of some of the largest hydrocarbon accumulations in the world will be demonstrated.
Request a visit from Keith Gerdes!
For well over a century there have been conflicting indications of the strength of the crust and of faults and what controls them. Much of our ignorance comes quite naturally from the general inaccessibility of the crust to measurement--in contrast with our understanding of the atmosphere, which is much more accessible to observation as well as more rapidly changing. Crustal strength is best understood in deforming sedimentary basins where the petroleum industry has made great contributions, particularly in deforming petroleum basins because of the practical need to predict. In this talk we take a broad look at key issues in crustal strength and deformation and what we can learn from boreholes, earthquakes, active fault systems, and toy models.
Request a visit from John Suppe!
Why H₂ is generated in subsurface? Which are the reactions and the promising geological setting? Example in countries where H₂ have already been found: Australia, Brazil. Kinetic reactions: i.e., Is the natural H₂ renewable? What we don't know yet about this resource and about the H₂ systems (generation/transport/accumulation). Overview of the current landscape (subsurface law, permitting, E&P activity)
Request a visit from Isabelle Moretti!
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!
Paleozoic North America has experienced multiple mountain building events, from Ordovician to Permian, on all margins of the continent. These have had a profound effect on the resulting complex basins and their associated petroleum systems. Subsequent uplift, erosion and overprinting of these ancient systems impedes the direct observation of their tectonic history. However, the basin sedimentary records are more complete, and provide additional insights into the timing and style of the mountain building events. In this study, we employ ~90 1D basin models, ~30 inverse flexural models, isopachs, and paleogeographic maps to better understand the Paleozoic history of North America.
Request a visit from Kurt W. Rudolph!
Three-dimensional (3D) seismic-reflection surveys provide one of the most important data types for understanding subsurface depositional systems. Quantitative analysis is commonly restricted to geophysical interpretation of elastic properties of rocks in the subsurface. Wide availability of 3D seismic-reflection data and integration provide opportunities for quantitative analysis of subsurface stratigraphic sequences. Here, we integrate traditional seismic-stratigraphic interpretation with quantitative geomorphologic analysis and numerical modeling to explore new insights into submarine-channel evolution.
Request a visit from Jacob Covault!
Physics is an essential component of geophysics but there is much that physics cannot know or address.
Request a visit from John Castagna!
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!