The NextShale Conference during the Global Petroleum Show attracted plenty of interest particulary from people wanting to know what the future of shale gas looks like in Alberta.
Gobind Khiani, chairman of the NextShale Conference, said attendees were particularly curious about Alberta government policies concerning clean energy, emission reductions and sustainable development.
“For example, the panel on regulatory was a heated discussion,” said Khiani, who is director of design engineering with Fluor Canada. “It was really an eyeopener for a lot of our attendees.”
The NextShale Conference took place for two days at the Global Petroleum Show. It recognized the challenges and advancements in the global shale industry and provided insights into how Canada and the United States can be positioned to be competitive players on the global energy stage.
On Wednesday, the session on Government Activities and the Impact on Industry had panelists Dorian Morcom, Area Based Regulation (ABR) Program Lead, Major Projects Branch, Strategy and Regulatory Division, Alberta Energy Regulator and Alison Redford, Practice Area Director, Regulatory Strategy and Development, Sproule Associates Ltd.
“The global shale industry is on the verge of a resurgence in 2017. Many operators still face obstacles including pressure to reduce costs further, adapt to country specific environmental regulations and fulfill international commitments,” said organizers of the conference. “The influence of organizations such as OPEC will also have an effect on how the recovery will take shape. Specifically in North America, the downturn produced a leaner, more efficient shale industry, driving companies to develop and adapt to new technologies in order to compete with conventional oil and gas producers.
“Caution of a full recovery still remains for 2017 as there is much uncertainty surrounding a new US administration and the implications of upcoming environmental regulations. In addition, Canadian operators will also need to compete with the discovery of even larger reserves in the United States and determine how that will affect demand for their product.”