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2nd South Asian Geosciences Student Conference (SAGSC) 2016 – Event Summary

2nd South Asian Geosciences Student Conference (SAGSC) 2016 – Event Summary

   The 2nd SAGSC 2016 was held on August 22nd – 27th 2016 by Society of Exploration Geophysicists Universitas Gadjah Mada Student Chapter (SEG UGM SC) and Himpunan Mahasiswa Geofisika Universitas Gadjah Mada (HMGF UGM). The event itself consists of eight sub-events, they are Conference, Exhibition Competition, Grand Ceremonies, GeoBowl, City Tour, Field Trip, and Lectures.

   2nd SAGSC 2016 is a forum where geosciences students from various field of study may interact with each other and share their knowledge and ideas for a better future. By participating in 2nd SAGSC 2016, it means that, as geosciences students, the participants have already start their movement to become the part of a great change in the future, where we, geosciences students will be able to strengthen the geosciences itself, which will eventually lead us to a better tomorrow.

   The main event of 2nd SAGSC 2016 was held in University Club Hotel, Universitas Gadjah Mada. It was opened by an opening ceremony which was held on the first day (August 22nd 2016) and was closed by a closing ceremony, gala dinner, and winner announcement on the third day (August 24th 2016). This year, 2nd SAGSC 2016 received about 194 abstracts coming from many countries around Asian continent. After getting reviewed by our peer-reviewers, we selected 85 papers to be presented in the conference which comprise of 50 oral presentations and 35 poster presentations that will be divided into several sessions. We also took note of 20 best that were presented here, which consist of 12 papers from the oral session (taken from each oral session) and also 8 papers from the poster presentation to be considered as the best papers. Even though this event was held in Indonesia, the best paper from the oral and poster presentation came from the students of National Central University, Taiwan. Congratulations to them for beating the host country of this event!

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   Even though the main interest for 2nd SAGSC 2016 lies within its conference, we also hold several student competitions and a student exhibition. Those sub-events were hold to increase the euphoria of the events held in 2nd SAGSC 2016. These student competitions consist of photography competition, essay competition, and GeoBowl. The biggest interest in these student competitions lies with the GeoBowl, a smart competition which was designed to test the students’ knowledge and also ability to compete in several matches in order to see which team that can be considered as the best one. The winners for this event came from Universitas Gadjah Mada (1st place) and Institut Teknologi Bandung (2nd and 3rd places).

   After journeying the three days conference, our participants were entertained by the field trip to Merapi volcano (for those who wanted to feel the adrenaline of a real adventure) and also a city tour to several tourism spots on Jogjakarta (for those who wanted to know the Javanese culture). After having one day break from the activities of the past four days, 2nd SAGSC 2016 was continued by one seminar and two workshops which were delivered by selected professionals from the energy industry to, again, increase the participants’ knowledge about geosciences itself.

   The total participants for this event were 628 persons, which consists of the authors, participants from the conference, GeoBowl, student competition, student expo, seminar, and workshop, with several additional amounts of participants coming from our committees themselves. Compared to other student conference around this region, 2nd SAGSC 2016 can be considered as one of the biggest student conference ever held on this region because of the amount of the participants.

   Last but not least, we would like to thank our sponsors, supporters, and media partners, without their help, 2nd SAGSC 2016 will not became as big as what it was. We also would like to the crowd of participants that have enliven this event as well. Should you need any other information about this event, you can directly contact us via email to sagsc2016@ugm.ac.id.

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The SEG – Joint Field Camp 2016 Project is coming to Srebrna Góra soon!

The SEG – Joint Field Camp 2016 Project is coming to Srebrna Góra soon!

This joint project is going to be held with the cooperation with two chapters : SEG Student Chapter Cracow and SEG Student Chapter Bucharest. Field Camp, which will take place in September 19-25, entitled “Searching for hidden treasures – Student’s Geophysical Quest” will be an unique opportunity of a multidisciplinary and multicultural experience.

A group of 30 students from Poland, Romania, Italy, Ukraine and Croatia will actively be involved in geophysical field trainings, cooperating with experienced teachers and researchers from two different universities as well as the professionals from the Polish Geological Institute – National Research Institute. The Field Camp will be carried out in a relatively restricted area, located close to the border between Poland and Czech Republic.

agh_field_camp_young_petro

Associated with a very rich historical background, Kotlina Kłodzka is best known for its underground
buried buildings like abandoned mine shafts that are ready to be discovered.

Students participating in a Field Camp will have a chance to gain new experience both in solving field cases and field work. We are planning to use different types of geophysical surveys. We would like to present student to several geophysical methods :
– Electrical Resisitivity Tomography and Electromagnetic Conductivity Meters surveys which are used in archaeological geophysics and for shallow geology prospection;
– GPR – a method which allow us to show students how ground penetrating radar works in searching for crypts in old churches.

One of the most important aspects of Field Camp for the society members is the practical implementation of the theoretical knowledge during field measurements and further processing and interpretation of collected data.

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Baker Hughes Rig Counts

11 September, 2016 News No comments
Baker Hughes Rig Counts

   You may didn’t know that there is something like Baker Hughes Rig Counts. They are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets. They tend to correlate with oil and gas prices. It is an important business indicator for the drilling industry as well as its suppliers. Active drilling rigs consume products and services provided by the oil service industry. This count is helpful in establishing the demand for products used in drilling, completing, producing and processing hydrocarbons.

When oil and gas prices decline, the rig count declines, although the pace of the decline depends on credit conditions and circumstances in the energy market. However, the rig count’s responsiveness to changes in oil prices is a key factor in forecasting the price of oil and gas. The rig count is a tool to understand future supply trends. For example, if oil and gas prices drop and rig counts drop as well, it is more likely oil and gas prices will bounce back as supply decreases. If oil and gas prices drop and rig counts do not drop, it is more likely the price of oil and gas remains low, until it is low enough to cause production to decrease.

Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the U.S. and Canadian drilling activity. In 1975 the monthly international rig count was initiated by Baker Hughes. What’s interesting, the North American rig count is scheduled to be released at noon Central time on the last working day of each week. The international rig count is scheduled to be released on the fifth working day of the month at 5:00 a.m. Central time.

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Baker Hughes Incorporated announced today that the international rig count for August 2016 was 937 down 1 from the 938 counted in July 2016, and down 200 from the 1,137 counted in August 2015. The international offshore rig count for August 2016 was 228, up 2 from the 226 counted in July 2016, and down 42 from the 270 counted in August 2015.

The average U.S. rig count for August 2016 was 481, up 32 from the 449 counted in July 2016, and down 402 from the 883 counted in August 2015. The average Canadian rig count for August 2016 was 129, up 35 from the 94 counted in July 2016, and down 77 from the 206 counted in August 2015.

The worldwide rig count for August 2016 was 1,547, up 66 from the 1,481 counted in July 2016, and down 679 from the 2,226 counted in August 2015.

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This is the weekly comparison of counted rigs in U.S. now and in 2015. As you can see, it really gives clear overview on whole situation. There was a constant decrease until June 2016, and there is slightly growth from it till now.

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sources:

phx.corporate-ir.net

bakerhughes.com

aogr.com

investopedia.com

infomine.com