AAPG

The one-day symposium provided an opportunity for industry collaboration including networking, the exchange of best practices, and development of actionable strategies.

Geopolitics have led to nearly historical highs in gas and oil prices. The underinvestment in upstream oil and gas has strongly impacted both production capacity and record-low reserve discoveries. Addressing these issues among others, IPTC in Riyadh, Saudi Arabia, was a strong start for SPE this year. To determine the right path forward after the discontinuation of t…

At the AAPG Executive Committee meeting on 14 February, several points of concern about the merger plan were expressed and these were subsequently shared with the Steering Committee for assessment. Upon receiving the committee’s responses, the AAPG Executive Committee met on 11 March and a vote to continue work on the merger and proceed to a member vote failed.

There are powerful indicators that the transformation of energy markets is accelerating, even though the world should not decrease its focus on stable oil and gas supply. Our industry will continue to play a strong role in the coming decades to provide sustainable energy.

As the COVID-19 pandemic subsides in most parts of the world, it is time for our ship to leave port. As we pull up our anchor, we must accept that there are risks out there, but we must get back to the task of exploration and production to improve lives, mitigate poverty, and provide the energy to enable a modern global society.

Putting together the billions of dollars needed to develop deepwater finds has become tougher, but when the discoveries are huge, companies will make every effort to find a way to tap what may be a cheap source of oil.

Saudi Arabia offers a seemingly bottomless supply of oil and an equally deep array of exploration challenges as well.

Production growth in the Permian Basin requires drill rigs running at a high pace. That is challenging companies to push well productivity.