Over the past few days, Stampede Park and the City of Calgary played host to over 60,000 patrons at the 2012 Global Petroleum Expo. The Global Petroleum Show (GPS) is one of the world’s largest energy exhibitions, uniting 60,000 international leaders, engineers, and industry professionals with 2,000 exhibiting companies from 95 countries. Since its inception in 1968, GPS has become the preeminent meeting place for the world’s oil and gas industry with the potential to foster new industry relationships and discover future emerging technologies.
The Global Petroleum Show provides both patrons and companies with the opportunity to explore emerging technologies and products from around the world as well as network with suppliers, clients and potential customers. Exhibitions and networking events such as the SPE Heavy Oil Conference – Canada, which provides international perspectives on the exploration and production of heavy oil; the International Energy Marketplace, a meeting place for governments, national oil companies, and local organizations to explore business opportunities both in Canada and around the world; and the GPS Rodeo, provide patrons with a weekend full of exploration, excitement and energy!
The Global Energy Career Expo
The Global Petroleum Expo is also being held in conjunction with the Global Energy Career Expo, a major recruiting platform for the oil and gas industry. Almost 7,000 hopeful job seekers registered for the event and crowded the Telus Convention Centre over the past week. Jane Sommerville, recruitment adviser for Australian exploration and production company Santos, said Canadians are in high demand because of their experience with horizontal drilling and fracturing. The Global Energy Career Expo continues through Thursday.
The Future of Alberta’s Energy Sector
On Tuesday night, hundreds attended a reception hosted by Alberta premiere, Alison Redford. “I’ll say to some of our international visitors that as part of a stable democratic nation that values free enterprise and economic protection we believe that Alberta has successfully used innovation and technology to build our province and to build our energy sector,” she said. The premiere continued on about how energy has been key to economic development in Alberta and the rest of Canada. She says the energy sector can be relied upon to build a strong and stable economy.
“We know that this show that allows people to connect to each other here in Alberta, across Canada and around the world is key to success not only in this city but this province and this country,” she said. Redford also took time to talk about the need to develop a national energy plan. “That will allow provinces and territories to work together on common energy interests such as reassuring we have adequate supply of skilled workers, that we’re dealing with consumer-approaches to encourage conservation, that we’re looking to integrate economic cooperation across provinces,” she said.
Heavy American Presence in Calgary
Oklahoma Governor Mary Fallin was also one of the key guests at the Global Petroleum Show. She says more Americans seem to be warming up to the Keystone XL pipeline project, a pipeline that would carry oil sands crude to the Texas Gulf Coast for refining.
The White House killed the first proposal for the Keystone XL pipeline in January over concerns about an environmentally sensitive area in Nebraska. TransCanada has since re-applied to have the line approved with a different route. Fallin says the pipeline is good for both Canada and the U.S.
Furthermore, companies from the United States have come in record numbers with more than 300 businesses showcasing their wares and technologies. Public concern over the environmental impact of oil sands development has stalled approvals for major bitumen pipelines in the United States.
In contrast, about $20 billion will be invested in Alberta’s oil sands this year, with overall Canadian crude oil production forecast to double within the next two decade, according to the Canadian Association of Petroleum Producers.
Canada-U.S. trade relations is the largest between two countries in the world, representing more than $1.6 billion in trade a year. However, less than one per cent of the 27.2 million companies operating south of the border export their products. Both U.S. companies and European companies faced with a slower economic recovery than Canada are showing more interest in Alberta’s oil and gas industry.
The Global Petroleum Show alone is expected to bring between $80 million and $100 million to city businesses in direct and indirect revenues . If you didn’t get the opportunity to explore this year’s show, next year’s 2013 Global Petroleum Show promises to be the biggest and best ever!
By James Lo