Latest news with #GlobalEnergyShowCanada
Calgary Herald
2 days ago
- Business
- Calgary Herald
No private company proposing to build an oil pipeline to tidewater? 'There will be soon', Smith says
Article content Alberta Premier Danielle Smith has an answer for British Columbia's premier and other critics who have asserted there's 'no proponent' and no concrete proposal currently on the table to build an oil pipeline to tidewater in Canada: 'There will be soon.' Article content 'We're working very hard on being able to get industry players, private-sector players, to realize this time might be different and to be able to come forward,' she told delegates attending the Global Energy Show Canada in Calgary on Wednesday. 'If I'm successful in doing that, then we'll get it on the project list and we'll work through the two-year approval process and we'll see if we can get somewhere.' Article content Article content Article content Smith said the aim is to get a new one-million-barrel-per-day crude pipeline to the Port of Prince Rupert on Prime Minister Mark Carney 's potential list of projects in the 'national interest.' Article content Article content The federal government has tabled Bill C-5, the so-called Building Canada Act, which sets out a streamlined federal regulatory process for major projects. Energy industry leaders and Western politicians say Carney and Minister of Energy Tim Hodgson have sent encouraging signals. Article content But despite renewed public and political interest in constructing a new pipeline to carry crude to Canada's coasts for export to non-United States markets, no private company has emerged to express an interest in pursuing such a project. Article content Midstream companies say they've faced overwhelming headwinds in trying to advance big projects in Canada in the past decade. Two west-to-east pipeline proposals, Enbridge Inc. 's Northern Gateway and TransCanada Corp.'s Energy East pipeline, were either cancelled or abandoned, and TC Energy Corp. also abandoned its Keystone XL pipeline project after twice being rejected by the U.S. government. Article content Article content But Smith laid out the case for why she thinks 'this time might be different' and why she believes a private proponent or a consortium of companies could be tempted back to the table: Article content Since the Northern Gateway pipeline to B.C.'s northern coast was rejected by the Justin Trudeau government in 2016, two key developments have emerged that could help answer concerns raised about the risk of a new pipeline exacerbating greenhouse gas emissions from the oilsands and inadequate engagement with Indigenous peoples, Smith said. Article content The Pathways Alliance, comprised of six major oilsands producers, pitched a large-scale carbon capture, utilization and storage (CCUS) network project in 2021, which, if built, would be the largest upstream carbon abatement project in the world, capturing up to 80 million tonnes of CO2 per year by 2050.
Yahoo
5 days ago
- Business
- Yahoo
OPEC head lashes out at net-zero targets, tells Calgary audience oil demand will keep growing
There is no peak in oil demand on the horizon and global demand could surpass 120 million barrels per day by 2050, says the head of the Organization of Petroleum Exporting Countries (OPEC). Secretary general Haitham Al Ghais also took aim at net-zero targets during his keynote address at the Global Energy Show Canada in Calgary on Tuesday, and reiterated his previous criticism of the International Energy Agency (IEA)'s prediction that global oil demand could peak before 2030. He said global demand for all forms of energy will increase by 24 per cent between now and 2050. 'OPEC's forecasts are not based on ideology. They are based on data and analysis of data,' he said. 'And they clearly indicate that oil will remain an integral part of the energy mix, at around 30 per cent, still in 2050. Simply put, ladies and gentlemen, there is no peak in oil demand on the horizon.' Total global demand for oil in 2024 was a bit less than 103 million bbl/d, according to IEA figures. Al Ghais also praised Canada as a major global oil supplier and said Alberta and OPEC share similar perspectives on technology and innovation. He is set to meet with Alberta Premier Danielle Smith on the sidelines of the Global Energy Show this week. 'This will provide an opportunity to improve our understanding of the recent changes to the OPEC+ supply philosophy, ensuring Alberta is prepared for any implications it may have on global oil production and budgets,' a spokesman for Alberta Energy Minister Brian Jean said. Global oil prices plunged to a four-year low in April after OPEC and its allies surprised markets by hiking output by 411,000 barrels per day for May — an amount that was three times more than what was previously planned for the month — in a move that coincided with the launch of United States President Donald Trump's sweeping 'Liberation Day' tariffs on trading partners. Similar-sized production hikes planned for June and July continue to depress oil prices as OPEC+ accelerates plans to revive production that has been off-line for more than two years. The eight OPEC+ members aim to gradually restore around 2.2 million barrels per day of production that was idled in 2022 in order to stabilize prices amid fears of a COVID-19-induced economic slowdown. The latest hikes are also aimed at punishing overproduction by OPEC+ members Kazakhstan and Iraq, though Bloomberg News has also reported that Saudi Arabia is seeking to regain lost market share. More to come… Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Global Energy Show Canada 2025 set to launch a bold new event program tackling head-on the most pressing challenges and opportunities facing the sector
Organizers see big boost in registrations, exhibition, and conference over previous years CALGARY, Alberta, May 22, 2025 (GLOBE NEWSWIRE) -- The Global Energy Show Canada (GESC), presented by dmg events, is taking place June 10-12, and it's shaping up to be the most important and transformative edition to date. Recognized as Canada's annual national energy event, a strong delegate representation is expected from the oil and gas sector again this year, as well as sizeable diversity in representation from the nuclear, hydro-electric, geothermal and hydrogen sectors. The gravity of issues facing the Canadian energy sector amidst global geopolitical uncertainty alongside debate on what a definitive domestic energy strategy could look like over the next five years is driving historic urgency to this year's conference. With pre-registration trending ahead by 73 per cent over last year, organizers are preparing more exhibition and conference areas to accommodate a larger and more engaged audience coming to Calgary this June. Over 30,000 attendees from more than 100 countries will gather at the heart of Canada's energy capital to engage in pressing, high-stakes dialogue on the future of energy — from affordability and investment to building national energy infrastructure and diversifying the country's energy buyers globally. 'The eyes of the world will be on Calgary next month. We're expecting to host what is likely the highest levels of speakers in the show's history, with CEO and ministerial speakers from around the world,' said Nick Samain, Senior Vice President North America at dmg events. 'With energy issues dominating both the recent Canadian federal election and changing international energy issues, plus the timing of the event right before the G7 Summit, the show and the city are ideally positioned to contend with crucial issues around energy security, affordability, access and investment in new projects. The event is an integral platform to showcase the tremendous potential we have to define the future of Canada's energy future.' What's New This Year? Peter Mansbridge will host the Executive Conference Program joining Honourable Danielle Smith, Premier, Government of Alberta. Other speakers include: Stastia West - Country Chair, Shell Canada; Nicole Bourque-Bouchier – CEO, Bouchier; Mark Fitzgerald - President and CEO, PETRONAS Canada. 20 CEOs from leading energy companies including Cenovus, PETRONAS Canada, Trans Mountain, MEG Energy, Woodfibre LNG, and OPG. The Energy Influencers Conference is a bold new conference that mixes a future-forward event format with a technical backbone, featuring speakers from AWS, Aramco, Canadian Natural, IBM, BMO, Enbridge, Imperial, Siemens, Solar Alberta, TC Energy, and more. New Networking events have been added throughout the event program marking a three-fold increase in opportunities for delegates to meet and do business on and off the show floor. Attendees will descend on the new BMO Centre in Calgary's Stampede Park to join in critical conversations about what is next for energy in Canada and beyond. This year's exhibition will see a record 11 exhibitor country pavilions and close to 500 exhibiting companies represented, alongside delegations and attendees from 100 countries. The city is anticipating a 30 per cent increase in hotel bookings while organizers have increased its exhibition space by 20 per cent year-over-year. 'With the guidance of expert and influential industry committee volunteers, we're delighted to present inclusive dialogue around: energy security, building Canadian energy infrastructure, diversifying Canada's energy customers and meeting global energy demand challenges. These are all key topics at the Executive Conference themed for this edition as 'Canada's Energy Mandate to 2030'. Alongside the Executive Conference, the new Energy Influencers conference also taking place during the show, will enable attendees to engage with the biggest names in the industry to discuss global energy demands and drive innovation. The show is providing an unparalleled platform for the complete energy value chain at a pivotal moment,' added Samain. The event space features specialist zones, including: The Emissions Reduction Theatre showcasing technologies and providers of cleantech innovations, and the Next Gen Theatre bringing youth together with industry professionals. The Global Energy Club is an invitation-only space that facilitates connections between C-suite executives, ministers and global leaders. Other notable speakers for this year's event include: Hon. Brian Jean, Minister of Energy and Minerals, Government of Alberta Sandy Taylor, President and CEO, Candu Energy Inc. Jon McKenzie, CEO, Cenovus Energy Chief Crystal Smith, Haisla Nation Darlene Gates, President, CEO and Director, MEG Energy Mark Maki, CEO, Trans Mountain Hon. Colleen Young, Minister of Energy and Resources, Government of Saskatchewan Karen Ogen, CEO, First Nations Natural Gas Alliance 170+ ministers, executives, and global industry leaders Exhibition hours are: Tuesday, June 10 and Wednesday, June 11 from 10 a.m. to 5 p.m., and Thursday, June 12 from 10 a.m. to 4 p.m. Media are required to pre-register. In order to obtain a show badge for the event media will need to provide accreditation (a piece of photo identification and an official business card) upon arrival. The Media Room is located on the 2nd Floor, BMO more information on GESC, to pre-register or to inquire about attendance, please visit For media inquiries, please contact: Shauna MacDonald403-585-4570Brookline Public Relationssmacdonald@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
