Jaden Holle; Leonard Bastien, Elder, Blackfoot confederacy; Minister of Economic Development and Trade Deron Bilous; Jessica Wilson; Lindsay Lockwood welcome participants to the Global Petroleum Show. Government of Alberta photo.
New investment, partnership opportunities as Calgary hosts the Global Petroleum Show
Between June 12 to 14, The Global Petroleum Show (GPS) in Calgary is expected to attract about 50,000 delegates from more than 115 countries, with representatives from international and domestic companies, government officials and industry leaders.
“Earnings are up, investment is up and drilling is up in Alberta’s rebounding energy sector,” said Deron Bilous, Minister of Economic Development and Trade.
“We are proud to showcase our support for this sector at the Global Petroleum Show – including a new round of the Petrochemicals Diversification Program, and new support for partial upgrading and feedstock infrastructure”, added Bilous.
Recently, the government of Alberta has seen significant interest and investment in the oil and gas sector.
In the oil sands, Suncor, has applied for a new oil sands project and Cenovus and CNRL report they are boosting their production. Japan Canada Oil Sands, or JACOS, announced it will invest $2 billion in an oil sands expansion project.
As well, ConocoPhillips has just bought thousands of acres of land in the Montney shale play in northern Alberta. In Alberta’s East Duvernay play, Crescent Point Energy and Chevron have made significant investments.
This year, Economic Development and Trade officials secured the largest Argentinian delegation ever for the GPS, as well as more than 20 Chinese organizations and companies, and delegates from key international markets, including the United Arab Emirates, Mexico, South Korea, Kenya and South Africa.
GPS is celebrating its 50th year and Alberta has been officially participating since 1978. Over the years, the Alberta government has attracted significant delegations from international markets, including energy ministers, national oil company CEOs, international media, academics and other VIPs.
At this year’s event, Economic Development and Trade Minister Deron Bilous and Energy Minister Margaret McCuaig-Boyd are meeting with Texas Secretary of State Rolando Pablos to sign a long-term collaborative agreement between Alberta and Texas in energy, advanced technologies, and trade and investment.
The agreement also re-affirms the strong economic relationship between Texas and Alberta that contributes to jobs and economic prosperity in both jurisdictions.
GPS features a range of events for oil and gas professionals to share knowledge, network and do business and over 1,000 exhibitors from around the globe have booths on the show floor.