HomeScience Discipline Business and Economics

Business and Economics

Explorer Historical Highlights

John S. Wold was a man of such prolific industry and accomplishment that his life story reads less like a narrative and more like a series of escalating and expanding accomplishments in one field after another. Along with being a successful petroleum geologist and mineral resource producer, this award-winning AAPG Member was also an accomplished inventor, scientist, academic, entrepreneur, rancher, philanthropist and public servant. He had the distinction of being the first professional geologist in the U.S. Congress – and a petroleum geologist at that.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

When the International Petroleum Technology Conference comes to Saudi Arabia in February, the technical program will include a significant look at both unconventional oil and gas and conventional tight oil in the Middle East. Those are two different concepts in the region and the distinctions are important. The Middle East holds a large conventional tight oil resource, now emerging as a serious focus for development. With so much recent attention devoted to unconventional resources, conventional tight oil could be considered an overlooked sibling.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

Worldwide oil and gas exploration results took a major hit from reduced investment and the ongoing COVID pandemic last year. Cautious industry spending and overall selectivity over prospects likely reduced discoveries to their lowest annual level in 75 years. Here’s the recommendation from one industry analyst for 2022’s global exploration and supply outlook: Stay chill for now.

American Association of Petroleum Geologists (AAPG)
Explorer Article

In the IEA’s “Net Zero by 2050” report, which outlines a comprehensive pathway for a global transition to zero emissions by mid-century, the agency states that much of the technology needed to make a timely transition has not yet been developed. Emerging technologies, such as improved battery storage, low-carbon hydrogen production and carbon capture utilization and storage, show “encouraging” progress, but the world significantly lags behind in power generation and end-use sectors, specifically industry, buildings and transport.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

Thanks to continuing advances in reservoir characterization, technology and innovative thinking, many oil fields around the globe have “grown larger” in recent decades. John Sneider, president of Sneider Exploration Inc., documented examples of mature field growth 20 years ago and recently revisited the topic to focus on mature giant fields. This updated analysis is detailed in chapter 4 of the new AAPG Memoir 125: “Giant Fields of the Decade: 2010 – 2020.”

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Division Column DPA

There is no denying there are massive changes happening around the world today, seemingly as a reaction to the emergence of the COVID/Wuhan virus. However, while the virus might be a catalyst of change, other factors are in play too. Many leaders around the world seem to share in the sentiment expressed by the founder and executive chairman of the World Economic Forum, Klaus Schwab, who recently wrote, “The changes we have already seen in response to COVID-19 prove that a reset of our economic and social foundations is possible,” in the interest of promoting the WEF’s proposed “Great Reset” of the global economy.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Director’s Corner

Last month Houston hosted the 23rd World Petroleum Congress with more than 5,000 attendees from 70 countries. After a one-year postponement due to the global pandemic, energy leaders from across the globe gathered to discuss the future of energy. And the tone of the discussion was sobering. Following on the heels of November’s COP26 meeting in Glasgow, there was recognition that political and societal pressures are shifting the energy sector and the industries in it. But there was widespread concern that the expectations underlying these pressures for change were unrealistic. That those pushing hardest for change lacked a fundamental understanding of what transforming the global energy sector truly entailed, what it would look like when it was complete and the dangers looming from getting it wrong.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

Before unconventional resources became prevalent in the global petroleum supply, deepwater exploration and development was a significant focus for many larger companies. For deepwater activities to succeed, the petroleum industry was forced to merge its above-ground concerns with the below-ground geoscience and engineering disciplines.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Producers finally got some relief in 2021. Oil and gas prices recovered from their pandemic lows and remained at high levels through most of the year, as increased production could not keep pace with a global demand recovery. It was a year when higher prices helped energy producers strengthen their balance sheets and improve their bottom lines.

American Association of Petroleum Geologists (AAPG)
Explorer Article

While the COVID-19 pandemic ground the world to a halt in 2020, crisis led to creativity and opportunity in many parts of the world. For four geoscientists in Colombia, the pandemic became the perfect time to serve their country and their profession. In May 2020, two weeks after oil prices dropped below zero, Colombia’s Ministry of Science, Technology and Innovation launched a bidding contest allocating nearly $3 million to finance geoscience research projects for the hydrocarbon sector.

Show more
American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 2 June 2020, 6:00 p.m.–7:00 p.m.

Visiting Geoscientist Xavier Moonan provides an overview of the destruction in the Los Iros area following the 6.9 magnitude earthquake that hit Trinidad and Tobago in 2018. His talk focuses on understanding the results from various post-earthquake studies conducted on the Los Iros, reviewing the theories developed to explain the origin and integrating datasets to provide an understanding of what transpired.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 12 April 2012, 12:00 a.m.–12:00 a.m.

This seminar focuses on the role geoscience leaders and mentors play in retaining top talent.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 22 October 2009, 12:00 a.m.–12:00 a.m.

This course can help you gain the ability to describe the complex and highly variable reservoirs, which are typified by complex internal heterogeneity.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 9 September 2010, 12:00 a.m.–12:00 a.m.

The presentation will focus on hydraulic fracture geometry in shales, the materials used in the fracturing process, and treatment monitoring via microseismic.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 30 October 2014, 10:00 a.m.–11:00 a.m.

Cross disciplinary workflows play an important part of successful characterization of shale reservoirs. This course discusses how the artificial kerogen maturity of organic-rich Green River shale affects the petrophysical, micro-structural, geochemical and elastic properties.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 28 April 2020, 12:00 p.m.–1:00 p.m.

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.

Show more
American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 2 July 2020, 4:00 p.m.–5:00 p.m.

Presented by Kevin C. Hill, Associate Professor, University of Melbourne Gravity modelling of Australia's southern margin reveals that the initial rift with Antarctica was beneath the current Ceduna Delta. A regional, high-quality seismic traverse from the coast to oceanic crust across the Bight Basin has been assembled and interpreted in detail, then balanced, restored, decompacted, and replaced at paleo-water depths. The Late Cretaceous Ceduna Delta developed above a Late Jurassic-Early Cretaceous rift basin in three stages punctuated by significant pulses of uplift and erosion across areas >100 km wide and with up to 1 km of erosion. The Cenomanian White Pointer delta prograded into deepening water and hence underwent gravitational collapse. This was terminated in the Santonian when the Antarctic margin was pulled out from below, thus supplying heat to a remnant thicker outer margin crust, causing doming and erosion. Importantly, this established the saucer-shaped geometry of the Ceduna Delta that persisted throughout its development, so that any hydrocarbons generated in the southern half of the basin would have migrated towards this outer margin high. The Tiger Formation was deposited in shallow water in a full rift basin prior to breakup, which was followed by regional thermal subsidence. The Hammerhead delta developed on the newly formed passive margin but was terminated by another pulse of uplift and erosion, perhaps associated with a change in plate motion at the end of the Cretaceous. The finite element modelling of this proposed tectonic evolution will test its validity and predict hydrocarbon generation and migration through time.

Show more
American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 21 February 2013, 12:00 a.m.–12:00 a.m.

The course will review core data, petrophysical comparisons, rock physics modeling (including pseudo logs and mechanical properties).

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 30 June 2020, 3:00 p.m.–4:00 p.m.

El geocientífico visitante Juan Pablo Lovecchio revisa aspectos generales de la ruptura, grietas y formación pasiva de márgenes y evolución a través del tiempo, así como elementos del desarrollo del sistema petrolero.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 19 March 2015, 2:00 p.m.–3:00 p.m.

A detailed biostratigraphic analysis and stratigraphic framework of the Paleocene and Eocene Chicontepec Formation in the Tampico-Misantla basin, onshore eastern Mexico, was conducted using 33 wells.

American Association of Petroleum Geologists (AAPG)
DL Abstract

Climate change is not only happening in the atmosphere but also in the anthroposphere; in some ways the former could drive or exacerbate the latter, with extreme weather excursions and extreme excursions from societal norms occurring all over the earth. Accomplishing geoscience for a common goal – whether that is for successful business activities, resource assessment for public planning, mitigating the impacts of geological hazards, or for the sheer love of furthering knowledge and understanding – can and should be done by a workforce that is equitably developed and supported. Difficulty arises when the value of institutional programs to increase equity and diversity is not realized.

Show more

Request a visit from Sherilyn Williams-Stroud!

American Association of Petroleum Geologists (AAPG)
DL Abstract

The Energy sector is a changing business environment. Throughout the 20th century fluctuations of oil supply and demand produced changes in the barrel price that pushed the growth or shrinkage of the industry. In this 21st century, new challenges such as diversification of the energy mix, boosting gas demand, require the exploration of critical minerals and development of new technologies as well.

Request a visit from Fernanda Raggio!

American Association of Petroleum Geologists (AAPG)

Related Interests

See Also ...