Calgary 2020

The seventeenth annual Calgary Energy Roundtable will take place in October 2020. Further information will be available early in the New Year.

Calgary 2019

Volatility is the new normal for Canadian oil and gas. Producers are eagerly awaiting construction of the stalled Trans Mountain pipeline expansion. LNG Canada, the country’s largest ever private investment, was announced to great fanfare. Fast forward to 2019 and protests against the Coastal Gas Link that will feed the project have caused some nervousness.

Export woes precipitated a price differential for Alberta crude of more than $40 barrel in 2018 and led the Alberta government to put in place production caps that, while seeming to have done the trick, have created a divide between integrated and pure producers. Bill C-69 is causing consternation in the oil patch. Provincially, Jason Kenney’s Conservative government is taking much more aggressive positions in support of Alberta’s oil and gas industry, including establishing a ‘war room’ to defend the province’s industry. These developments are featuring prominently in this year’s federal election.

While the lack of export capacity is dampening investment, it is pushing companies to innovate, to lower their costs, create cash flow and continue to grow into the 2020s. This is vital given that energy is abundant, inexpensive and competition from new sources is increasing. Shale oils and condensates prices are only modestly discounted and billions in spending is finding its way to these high value plays. The Alberta government has made nearly a half a billion in tax credits for two petrochemical projects, doubling down on its bet that value added projects are a viable future for the Provinces’ hydrocarbon industry.

At the sixteenth annual Calgary Energy Roundtable conference sector leaders gathered for discussions on: Opportunity through innovation. A high-powered line-up of speakers shared their insights on how to navigate today’s energy markets, including:

  • The energy outlook
  • Investing trends in Canadian energy
  • Industry 4.0: Operational Excellence by Scaling Data & Advanced Analytics
  • Energy and cybersecurity: maintaining a defensible position
  • First Nations ownership of export infrastructure and market access
  • Electrification of Canada’s resource sector
  • Petrochemical: A sustainable solution for Alberta?

A networking reception took place on Wednesday, October 9th from 5:00-7:00 pm at Le Germain Hotel.

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2019 Speakers

John Whelan

John Whelan

Senior Vice President, Upstream, Imperial Oil
Frank McKenna

Frank McKenna

Deputy Chair, TD Bank Group
Nicole Deyell

Nicole Deyell

Vice President, Development and Unconventional Center of Excellence, Petronas Canada
Pavel Rahman

Pavel Rahman

Head, AI & Advanced Analytics, IBM Canada
Hon. Sonya Savage

Hon. Sonya Savage

Alberta Minister of Energy
Chief Tony Alexis

Chief Tony Alexis

Alexis Nakota Sioux Nation; co-Chair, Iron Coalition
Susannah Pierce

Susannah Pierce

Director of Corporate Affairs, LNG Canada
Tom Clark

Tom Clark

Chair, Public Affairs and Communications, Global Public Affairs
David Chappell

David Chappell

Senior Vice President, Petrochemical Development, Inter Pipeline
Dan McLeod

Dan McLeod

Partner, Blake, Cassels & Graydon LLP
Michael Crothers

Michael Crothers

Country Chair, Shell Canada
Andy Chisholm

Andy Chisholm

Director, RBC; Member, Expert Panel on Sustainable Finance
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Tracy Robinson

Tracy Robinson

Executive Vice President and President, Canadian Natural Gas Pipelines, TC Energy
Ben Rogers

Ben Rogers

Managing Partner (Calgary), Blake, Cassels & Graydon LLP
Caroline Saunders

Caroline Saunders

British Consul General, Calgary
Craig Golinowski

Craig Golinowski

President, JOG Capital Corporation
Scott Weston

Scott Weston

Vice President, Business Development, Hemmera-Ausenco
Julia Frayer

Julia Frayer

Managing Director, London Economics International
Tyler Edgington

Tyler Edgington

President & Hydrocarbons Director, Dow Chemical Canada ULC
Jeff Thomas

Jeff Thomas

Partner, Advisory Services, KPMG
Jason Langrish

Jason Langrish

President, The Energy Roundtable
Jennifer Winter

Jennifer Winter

Assistant Professor and Scientific Director, Energy and Environmental Policy research division, The School of Public Policy, University of Calgary
Mark Wagner

Mark Wagner

Vice President, Advanced Analytics and AI, Scotiabank
Kelsey Scott

Kelsey Scott

Managing Director, Head of Canadian Energy Investment Banking, Credit Suisse Canada
Jason Hinchliff

Jason Hinchliff

Vice President & Chief Information Officer (Acting), Husky Energy
Steve MacDonald

Steve MacDonald

Chief Executive Officer, Emissions Reduction Alberta
Nicola Simon

Nicola Simon

Executive Director, Facilities and Planning, British Columbia Utilities Commission
David James

David James

Associate Deputy Minister of Natural Gas, Government of Alberta
Ivan Alcoforado

Ivan Alcoforado

Senior Manager, Cyber Security, KPMG Canada
Randy Toone

Randy Toone

Executive Vice President & President, Midstream, AltaGas
Matt Laba

Matt Laba

Senior Cybersecurity Program Manager, Axia FibreNet/Bell
Sam Hayes

Sam Hayes

Director, Advanced Analytics, Suncor Energy

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2019 Program

 Networking Reception

Wednesday, October 9th at The Twins, Le Germaine Hotel, 899 Centre Street SW

5:00 – 7:00 pm

Calgary Energy Roundtable Conference

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

Conference chair Tom Clark, veteran journalist and Chair, Global Public Affairs
7:30 am

8:00 am

 

Registration. Light breakfast served.

Welcome remarks

8:05 am   The energy outlook.Canada has the third largest oil reserves in the world, is the fourth largest producer of oil and natural gas and is a worldwide leader in responsible development. However, Canada’s oil and gas industry continues to face challenges, including market access delays, policy angst and top-line commodity prices. Final approval of the LNG Canada project provides optimism that Canada can get its product to international markets. And there is a new resiliency in the world of oil and gas where leading operators with high-quality assets can now be quite active at $US50/B. Given all the forces of change at play some in the industry will falter, while others are becoming leaner and stronger, ready to take on the 2020s as demand expands. The panel will provide perspectives on oil and gas development in Canada going forward.

  • John Whelan, Senior Vice President, Upstream, Imperial Oil
  • Tracy Robinson, Executive Vice President and President, Canadian Natural Gas Pipelines, TC Energy
  • Randy Toone, Executive Vice President & President, Midstream, AltaGas

Discussion led by: Ben Rogers, Managing Partner (Calgary), Blake, Cassels & Graydon LLP

8:50 am   Fireside chat with Michael Crothers, Country Chair, Shell Canada and Vice President, Canada Integrated Gas
9:15 am   Investing trends in Canadian oil and gas.Significant divestitures of assets by foreign majors that has resulted in changing ownership structures for the Canadian energy sector. M&A activity has increased, with companies seeking to consolidate and focus their strategy. The negative investment climate and the discount on Alberta’s Western Canada Select have created buying opportunities for those in the energy sector who believe valuations no longer make sense. As investment in Canadian shale assets continues we may see further consolidation focused on shale and natural gas assets. Going forward, there may be a decrease in big energy deals in Canada, as most of the larger foreign players pulled out of the market. Energy infrastructure may be an exception, with major oil, gas and power infrastructure projects underway to produce, transport or add value to the industry. While capital markets have remained relatively constrained for many industry participants during the low commodity price cycle, private equity has found opportunities to deploy capital in Canada at an attractive part of the cycle from a valuations standpoint. The panel will examine investing trends in the Canadian energy sector.

  • Kelsey Scott, Managing Director, Head of Canadian Energy Investment Banking, Credit Suisse Canada
  • Craig Golinowski, President, JOG Capital Corporation
  • Julia Frayer, Managing Director, London Economics International
  • Andy Chisholm, Director, RBC; Member, Expert Panel on Sustainable Finance

Discussion led by: Dan McLeod, Partner, Blake, Cassels & Graydon LLP

10:05 am Networking break
10:35 am   Industry 4.0: Operational Excellence by Scaling Data & Advanced Analytics. Energy companies are facing an unprecedented convergence of technological, social, and regulatory forces. As artificial intelligence, automation, Internet of Things, blockchain, and 5G become pervasive, their combined impact will reshape standard business architectures. The “outside-in” digital transformation of the past decade is giving way to the “inside-out” potential of data exploited with these exponential technologies. They are altering energy companies’ operations, including exploration, transportation, refining and retail. These technologies are also creating unprecedented levels of industry dislocation, with new entrants fundamentally changing the economics of the business. The panel will examine how energy companies can thrive by conceiving and offering compelling new customer and end-consumer experiences, advance operational efficiencies, launch new digital offerings and build innovation ecosystems.

  • Sam Hayes, Director, Advanced Analytics, Suncor Energy
  • Jason Hinchliff, Vice President & Chief Information Officer (Acting), Husky Energy
  • Mark Wagner, Vice President, Advanced Analytics and AI, Scotiabank

Discussion led by: Pavel Rahman, Head, AI & Advanced Analytics, IBM Canada

11:20 am   Energy and cybersecurity: maintaining a defensible position. Cyber security risks are mounting and changing on a daily basis, forcing governments, organizations and corporations to increase vigilance and cooperation as they seek to best secure critical infrastructure from cyber intrusions. In 2017, the Canadian Cyber Incident Response Centre (CCIRC) handled 1,594 incidents with critical infrastructure organizations. A true number could be difficult to pinpoint as companies often don’t go public about cyber-attacks or breaches, while others might not have detected a cyber intrusion – yet. In light of sustained cyber security threats from a range of sources, energy companies must work to ensure their networks and critical control infrastructure are best positioned to deal with significant attack events, when they occur. The panel will examine key technology advances, regulatory requirements, and success strategies for effectively dealing with cyber security threats.

  • Matt Laba, Senior Cybersecurity Program Manager, Axia FibreNet/Bell
  • Ivan Alcoforado, Senior Manager, Cyber Security, KPMG Canada

Discussion led by: Jeff Thomas, Partner, Advisory Services, KPMG

12:00 pm

1:00 pm

  Luncheon

Fireside chat with Frank McKenna, Deputy Chair, TD Bank Group

1:25pm   Fireside chat on First Nations ownership of export infrastructure and market access with Chief Tony Alexis, Alexis Nakota Sioux Nation; co-Chair of Iron Coalition
1:50 pm   Keynote address by Sonya Savage, Alberta Minister of Energy
2:15 pm   Electrification of the resource sector. The electrification of the resource sector, notably, upstream oil and natural gas, may help provinces meet their carbon reduction targets in the next decade and potentially allow for industry expansion. As BC, for example, develops a LNG export sector, the province, industry and possibly the federal government, are going to have to invest in electrification. But it’s not an easy path — the challenges to electrification include the need for costly transmission lines, where it may simply be too expensive to reach some regions; the cost of hooking up to those lines; and the higher price of electricity versus natural gas, used now to power compressors in natural gas processing plants and valves in producing wells. Environmentalists warn that electrification alone can’t help resource producing regions reach their carbon targets, as the reductions needed are too great. The panel will examine electrification in the resource sector going forward.

  • Susannah Pierce, Director of Corporate Affairs, LNG Canada
  • Nicole Deyell, Vice President, Development and Unconventional Center of Excellence, Petronas Canada
  • Scott Weston, Vice President, Business Development, Ausenco/Hemmera
  • Nicola Simon, Executive Director, Facilities and Planning, British Columbia Utilities Commission

Discussion led by: Caroline Saunders, British Consul General, Calgary

 
3:05 pm Petrochemical: A sustainable solution for Alberta? There’s no shortage of opportunity in Alberta’s major new multibillion-dollar play in petrochemicals, but also some familiar-sounding risks. The Alberta government has granted a half billion of tax credits to two major projects to be built northeast of Edmonton. That will make some Albertans shudder, at least those who remember the “dirty dozen” of failed projects from the Lougheed-Getty era. But there have also been successes of government investment such as Syncrude, the Alberta Energy Company, and the ethane-based petrochemical industry. These wins all built on Alberta’s comparative advantages, such as ample reserves, skilled labour and the ability to integrate an operation with related businesses – advantages that hold true for the two new petrochemical projects. The rewards could be immense. The market for petrochemicals, such as the plastic pellets, is strong and growing. Challenges will include increased construction costs in a winter climate, possible issues in getting the product to the Asian market and green activists turning against a product. It has a familiar and unsettling ring, but there’s also no overlooking this opportunity.The panel will examine the petrochemical industry and if it is a sustainable solution for Alberta.

  • David Chappell, Senior Vice President, Petrochemical Development, Inter Pipeline
  • Tyler Edgington, President & Hydrocarbons Director, Dow Chemical Canada ULC
  • Steve MacDonald, Chief Executive Officer, Emissions Reduction Alberta
  • David James, Associate Deputy Minister of Natural Gas, Government of Alberta

Discussion led by: Jennifer Winter, Assistant Professor and Scientific Director, Energy and Environmental Policy research division, The School of Public Policy, University of Calgary

3:55 pm   Close by Jason Langrish, President, The Energy Roundtable
 
 
 
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Click here for photos from the 2019 Calgary Energy Roundtable