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The global energy sector from a subsurface perspective

Worldwide

Making an Educated Guess

Jonny Hesthammer, Atlantic Petroleum Norge & Hans Gebauer, Geonova,
An online game shows that using input from a knowledgeable crowd can lead to better decisions. In a recent experiment, university students and oil industry staff, including non-explorationists, tried to predict whether exploration…

Capital Discipline – A Shake Up For The Industry

Nikki Jones
Despite record levels of capital investment since 2005, oil production outside of North America has virtually flat-lined and investors are losing confidence. How is the industry reacting? To say there…

Shale Gas in South Africa

James Mullins
‘South Africa’ and ‘energy giant’ are words infrequently strung together, as the country has almost no conventional onshore or offshore hydrocarbons of note. However, over the past couple of years…

Geophysics: A Simple Guide to Volumetrics

Ashley Francis, Earthworks Reservoir
A Simple Guide to Volumetrics We start this article with an example that many geoscientists may find uncomfortable, if not downright contentious. A top structure depth map from a depth…

Field-based Training: Luxury or Necessity?

Gary Nichols and Simon Baker, Nautilus Ltd.
What is the role of field geology today, what will it be in the future and what specifically is the importance of field-based training to petroleum geosciences? Is it a…

Oil is Still in the Lead

Halfdan Carstens
Oil is still our largest energy provider. And while fossil fuels predominate, renewables have a long way to go before they can make a considerable impact. Total energy consumption increased…

The First Oil Shock

Rasoul Sorkhabi, Ph.D.
At a time when oil prices spiralled down from over $100 to below $50 within half a year, talking about ‘oil shock’ may seem odd. Yet, the oil shock of…

The Secret World of Oil

Nikki Jones
Ken Silverstein Verso Books Dodgy practice in the oil industry may appear to be a ‘yawn, yawn’ subject – don’t we all know that companies lobby and pay into campaign funds? And…

Oil Price Competition 2 – Result

Will Thornton
Result of the second Oil Price Prediction Competition. Oil Price at COB 19th June, as shown on the FT website on 22nd June.Once again, many thanks to everyone that entered…

Hubbert’s Peak: Not Yet Reached

Halfdan Carstens
It is difficult to make predictions about the future. This is also true when it comes to oil production. In 1956, Shell geophysicist M. King Hubbert predicted that US oil…

Gas Hydrates – Part VIII

Lasse Amundsen, Statoil, and Martin Landrø, NTNU Trondheim
Hydrates in Outer Space (1) Today found widespread on Earth wherever stability conditions are met and an ample supply of natural gas is present, methane hydrate was originally thought to…

Iran. The Implications of Peace

Nikki Jones
An agreement on Iran’s nuclear industry should be signed by the end of June. What are the implications for the oil price, OPEC and the industry? It seems that the…