Calgary 2019

Information on the 2019 Calgary Energy Roundtable conference will be available shortly.

Calgary 2018

Proceed with caution. That’s how Canada’s oil and gas sector is looking at 2018. Last year saw twists and turns around proposed pipelines, while several international companies left the oil sands and a major west coast LNG project was shelved. Much of the current unease is about the lack of export pipelines and shipping options for oil and gas, leaving increasing supplies heavily discounted and investors wary. It is a different story for shale oils and condensates, for which prices are only modestly discounted and where three quarters of this year’s total $44 billion in spending will be allocated to these high value plays.

While the lack of export capacity is also holding back producer spending, hiring and share prices, it is pushing companies to accelerate innovation in both the field and at head office to lower costs and get more out of existing resources. Bigger picture, innovation is needed because businesses recognize the emergence of a new set of industry rules since energy is abundant, inexpensive and competition from new sources is increasing. Past recoveries were about higher oil and gas prices, but recovery today is about being a low-cost producer and/or offering a better product, including with less carbon. Tapping eastern Canadian markets also offers opportunities to producers.

At the fifteenth annual Calgary Energy Roundtable conference on October 10th, a high-powered line-up of speakers shared their insights on how to navigate today’s oil and gas markets. Topics included:

  • The energy outlook
  • Financing and M&A trends in Canadian oil and gas
  • The disruption dividend – is tech truly transforming the oil and gas industry?
  • Oil and gas – Canadian and American experiences
  • Electrification of Canada’s oil and gas sector
  • The LNG opportunity

2018 Title Sponsors
2018 Reception Sponsor
2018 Sponsors

2018 Knowledge and Network Partners

2018 Speakers

Andy Calitz

Andy Calitz

CEO, LNG Canada
Doug Suttles

Doug Suttles

President & CEO, Encana
Hon. Amarjeet Sohi

Hon. Amarjeet Sohi

Minister of Natural Resources
Geeta Sankappanavar

Geeta Sankappanavar

Founder and President, Grafton Asset Management
Karl Johansson

Karl Johansson

President, Gas Pipelines and Energy, TransCanada
Hon. Sandra Jansen

Hon. Sandra Jansen

Alberta Ministry of Infrastructure
Tom Clark

Tom Clark

Chair, Public Affairs and Communications, Global Public Affairs
Ian Dundas

Ian Dundas

President & CEO, Enerplus
Heather Christie-Burns

Heather Christie-Burns

President & CEO, High Ground Energy
Todd Hirsch

Todd Hirsch

Chief Economist, ATB Financial
Councillor John Jack

Councillor John Jack

Huu-ay-aht First Nations
Jason Langrish

Jason Langrish

President, The Energy Roundtable
Alfred Sorensen

Alfred Sorensen

Chief Executive Officer and Director, Pieridae Energy
Kevin Neveu

Kevin Neveu

President & Chief Executive Officer, Precision Drilling
Charlotte Raggett

Charlotte Raggett

Vice President, Midstream Business Development, Seven Generations Energy
Ross Manning

Ross Manning

Partner, Canadian Energy Industry, IBM Canada
Iggy Domagalski

Iggy Domagalski

CEO, Tundra Process Solutions
Dave Nikolejsin

Dave Nikolejsin

Deputy Minister, BC Ministry of Energy, Mines and Petroleum Resources
Frank Cassulo

Frank Cassulo

President, Chevron Canada
Maureen Daschuk

Maureen Daschuk

Senior Vice President, Integrated Planning, BC Hydro
Brian Boulanger

Brian Boulanger

President, ARC Financial Corporation
Victor Ojeda

Victor Ojeda

President, Steelhead LNG
Nicole Deyell

Nicole Deyell

Vice President, Development and Unconventional Centre of Excellence, Progress Energy
Chad Schneider

Chad Schneider

Partner, Blake, Cassels & Graydon LLP
Bill Marko

Bill Marko

Managing Director, Jefferies LLP (Houston)
Mungo Hardwicke-Brown

Mungo Hardwicke-Brown

Partner, Blake, Cassels & Graydon LLP
Cory Bergh

Cory Bergh

Vice President, Financial & Information Services, NAL Resources
Mark Peterman

Mark Peterman

Vice President, Global Business Development, TMX Group
Lou Riccoboni

Lou Riccoboni

Vice President, Corporate Affairs, Canadian Nuclear Laboratories
Keith Alexander

Keith Alexander

Vice President, Customer Service, BC Hydro
Mike Freeborn

Mike Freeborn

Managing Director and Head, Energy Investment Banking, CIBC
Dave Harrison

Dave Harrison

Managing Director, Head of Canadian Natural Resources, J.P. Morgan

Print programme

2018 Program

Calgary Energy Roundtable Networking Reception

Tuesday, October 9th, Thomsons Restaurant, Hyatt Regency

5:00 – 7:00 pm                    Networking reception with remarks from the Hon. Sandra Jansen, Alberta Minister of Infrastructure

Calgary Energy Roundtable Conference

Wednesday, October 10th, Imperial Ballroom, Hyatt Regency, 700 Centre Street

Conference chair Tom Clark, veteran journalist and Chair, Public Affairs and Communications, Global Public Affairs
8:00 am

8:05 am

 

Welcome remarks by Rob Peterman, Vice President, Global Business Development, TMX Group

Keynote by Doug Suttles, President & CEO, Encana

8:30 am   Session 1: The energy outlook 

Capital spending to extract oil and gas will fall for a fourth straight year in Canada in 2018 to $33.2 billion, down 12 per cent from 2017, with the biggest declines in the oil sands.Investors are wary of Canada due export pipeline constraints, lower commodity prices, higher taxes and an increasingly onerous regulatory environment, particularly compared to the US.But there are bright spots. Drilling techniques are making Canadian shale gas and tight oil plays highly competitive. Companies have been grinding down costs, including through new innovation-led efficiencies. A FID on a major LNG project and prices around $55 US per barrel for the coming years would keep companies profitable and growing, even if the champagne stays in the bottle. And while oil demand will keep expanding over the next five years (and be met mainly by the US), beyond 2023 energy supplies could become tight unless investment in new production rebounds from historic declines in recent years. Emerging from one of the worst slumps in modern history, the panel will draw on lessons learnt and provide perspectives on oil and gas for the year ahead and implications for the Albertan, and Canadian, economies.

   
  • Geeta Sankappanavar, Founder and President, Grafton Asset Management
  • Todd Hirsch, Chief Economist, ATB Financial
  • Heather Christie-Burns, President & CEO, High Ground Energy

Chair: Tom Clark, Chair, Public Affairs and Communications, Global Public Affairs

9:15 am   Session 2: Oil and gas – Canadian and American perspectives

US Energy Secretary Rick Perry recently implored energy industry leaders to embrace a new era of innovation enabled by fewer regulations, fossil-fuel development and Trump tax cuts. The revolution in U.S. shale oil has helped push global prices lower and battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oil sands. Now Canada is looking to its own shale fields to repair the economic damage. Canadian producers and global energy majors are increasingly exploring the Duvernay and Montney formations, which are said to rival the most prolific U.S. shale fields. Canada is the first country outside the United States to see large-scale development of shale resources. Panelists will share their perspectives on shale energy for both north and south of the border.

  • Kevin Neveu, President & CEO, Precision Drilling
  • Ian Dundas, President & CEO, Enerplus
  • Karl Johannson, President, Gas Pipelines and Energy, TransCanada
  • Frank Cassulo, President, Chevron Canada

Chair: Bill Marko, Managing Director, Jefferies LLP (Houston)

10:05 am Networking break
 
10:30 am   Session 3: Financing and M&A trends in Canadian oil and gas

In 2017, $163 billion globally in upstream sector deals was 17% higher than the $139 billion reached during 2016 and is also the highest annual outlay since 2014, the year the oil price first dropped in this current cycle. Canada’s major oil sands transactions of 2017, as well as Enbridge’s acquisition of Spectra Energy, feature prominently in the list of biggest deals by value. Going forward, there may be a decrease in big energy deals in Canada, as many of the larger foreign players pulled out of the market. However, energy infrastructure may be an exception to this trend, with major oil and gas infrastructure projects underway to produce, transport or add value to the industry in 2018. While capital markets have remained relatively constrained for many industry participants during the low commodity price cycle, private equity has found successful opportunities to deploy capital in Canada and significant amounts of capital are still looking for opportunities at an attractive part of the cycle from a valuations standpoint.The panel will examine trends in financing and M&A in the Canadian oil and gas sector.

 
  • Brian Boulanger, President, ARC Financial Corporation
  • Mike Freeborn, Managing Director and Head, Energy Investment Banking, CIBC
  • Dave Harrison, Managing Director, Head of Canadian Natural Resources, J.P. Morgan

Chair: Chad Schneider, Partner, Blake, Cassels & Graydon LLP

11:15 am   The next generation of energy leaders: technology incubation with Iggy Domagalski, Chief Executive Officer, Tundra Process Solutions. Interviewed by Jason Langrish, President, The Energy Roundtable
11:40 am   Session 4: The disruption dividend – is tech truly transforming the oil and gas industry?

Innovation isn’t just about influencing existing business models in a positive and productive way. It’s also about how to monetize new ideas. Oil and gas companies have struggled through price volatility and record production levels in recent years, often leading to massive cost-cutting efforts, reduced exploration, and layoffs. This has forced oil and gas companies to drastically rethink how they operate and identify innovative ways to improve transaction processing. In the wake of developments across IoT, blockchain and machine learning in oil and gas, the potential for companies is enormous. The storage and usage of data in the extraction industries is growing at an exponential rate. The biggest contributor to this increase is the dramatic rise in importance of real-time data, applications and collaboration to optimize the performance of entire fields and across all operations. Panelists will exchange insight on new strategic and technological advances in oil and gas.

   
  • Nicole Deyell, Vice President, Development and Unconventional Centre of Excellence, Progress Energy
  • Lou Riccoboni, Vice President, Corporate Affairs, Canadian Nuclear Laboratories
  • Cory Bergh, Vice President, Financial and Information Services, NAL resources

Chair: Ross Manning, Partner, Canadian Energy Industry, IBM Canada

12:15 pm   Luncheon. Keynote by Andy Calitz, Chief Executive Officer, LNG Canada: The path to FID
1:45 pm

2:10 pm

The Honourable Amarjeet Sohi, Minister of Natural Resources

Electrification of Canada’s Oil & Gas Industry with Maureen Daschuk, Senior Vice President, Integrated Planning, BC Hydro and Keith Anderson, Vice President, Customer Service, BC Hydro

 
2:40 pm   Session 5: The LNG opportunity

Companies are pushing the limits of drilling, completion and production techniques, with one of the strongest positions in the Montney, a top North American resource play. Some companies are attempting to beat price discounts by selling to the Chicago area and U.S. Gulf for LNG export. But given that there is too much supply, LNG exports are essential. Longer term, many in the industry believe that global demand for LNG will outstrip supplies, which bodes well for Canadian gas if LNG exports move forward. Canada’s LNG hopes sputtered in 2017 as Malaysia’s Petronas cancelled its plans for a $36-billion plant in BC. However, optimism remains that other projects will receive the green light in 2018; notably, LNG Canada and the Goldboro LNG project in Nova Scotia.Panelists will discuss if Canada can realize its potential and develop a robust ecosystem for exporting natural gas.

 
  • Dave Nikolejson, Deputy Minister, Natural Gas, Province of British Columbia
  • Charlotte Raggett, Vice President, Midstream Business Development, Seven Generations Energy
  • Victor Ojeda, President, Steelhead LNG
  • Alfred Sorenson, CEO and Director, Pieridae Energy
  • Councillor John Jack, Huu-ay-aht First Nations

Chair: Mungo Hardwicke-Brown, Partner, Blake, Cassels & Graydon LLP

3:30 pm   Close by Jason Langrish, President, The Energy Roundtable
*The conference programme is subject to change
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Click here for photos from the 2018 Calgary Energy Roundtable

Click here for photos from the 2017 Calgary Energy Roundtable