Photo courtesy of DMG Events
Innovation was at the forefront of displays and discussions at the Global Petroleum Show in Calgary this week with delegates from more than 100 countries attending the 49th annual edition of the showcase of the latest technology in energy.
Adapting to changing oil and gas markets globally has prompted the industry to continually set the bar higher in terms of efficiency, economics and environmental performance.
The innovation ecosystem emerging in Calgary was evident during the three-day event at the Stampede Grounds and the exhibits, seminars and networking opportunities reinforced Calgary’s position as a global energy centre excellence.
Canada is a top petroleum producer globally and Calgary is home to all the country’s major oil and gas producers, oilfield services firms, and energy transportation companies as well as industry regulators and professional services including IT, legal and finance.
“Calgary’s oil and gas industry – including the 50,000 delegates and 1,000 exhibitors at the GPS this week – embodies an ecosystem where progress comes through people connecting, colliding and collaborating every day,” said Gillian McCormack, Vice-President of Trade and investment Attraction at Calgary Economic Development. “It is something cities around the world are trying to desperately to create and it developed organically in Calgary.”
The exhibits focused on new innovation, including a digital oilfield zone and numerous clean technology demonstrations as well as an emphasis on products “made in Canada” boasting high safety and environmental standards.
Alberta Energy Minister McCuaig-Boyd welcomed international delegates to the petroleum show at a reception hosted by Calgary Economic Development and the Alberta government and praised the ingenuity of the energy sector.
A recent survey conducted for Calgary Economic Development and The Calgary Chamber found over 80 per cent of respondents believed there had been a permanent change in global oil and gas market. Nonetheless, more than 6o per cent of the business leaders also expected better days in their economy in the year ahead.