As part of our PSAC-U Speaker Series, PSAC members were invited to hear from Cito Energy Group, a firm providing a unique combination of legal, commercial, and technical services with experience working in over 100 countries. With activity levels in Canada at lows not seen in decades, now may be the time to seek new opportunities abroad, to investigate the best opportunities, develop strategy, and plan. PSAC was also pleased to include representatives from Canada’s Trade Commissioner Service. Topics covered included: Going International – Key Risks, Risk Mitigation and Risk Tolerance, Negotiating in Strange Jurisdictions, and Trade Commissioner Service – services for business.
The Petroleum Services Association of Canada, as part of our PSAC-U Speaker Series, presented an information webinar to assist members in gaining an understanding of the importance and magnitude of Alberta’s carbon market, which has created over $1 billion worth of carbon credits since 2007, along with the latest funding opportunities for Canadian OFS companies, including the recently-announced $25 million Methane Technology Implementation Program (MTIP) program. Presentations by Alastair Handley and Brent Thumlert (Radicle), Jackson Hegland (MELA), and Agi Pawlak (Carbon Connect International) covered an overview of how Alberta’s carbon market functions and how credits can be generated from methane emission reductions at upstream oil and gas facilities, latest developments in emissions funding opportunities in Canada, an overview of MTIP, and a demonstration of Radicle’s Methane Abatement Project Platform (MAPP) which can be used to conduct data-gathering and measurement for methane and other emissions in the oil and gas industry.
The oil and gas industry today faces additional headwinds for capital investment as evaluation of ESG has emerged as a dominant factor, becoming a new standard for business investment decisions. The Petroleum Services Association of Canada, as part of our PSAC-U Speaker Series, presented an information webinar session to assist our members in this area. Moderated by Bob Peterson and session leader Pat Lipovski (EnvisionGroup), panelists Mark McRae (Sequiera Partners), Todd Van Vliet (Frac Shack), Brian Schmidt (Tamarack Valley Energy), and Meghan Harris-Ngae (EY) provided E&P, OFS, investment and talent recruitment perspectives.
The Petroleum Services Association of Canada, as part of our PSAC-U Speaker Series, presented Christine McMillan, Partner and Jason Clark, Senior Consultant, Crestview Strategy who provided detailed analysis of the federal Speech from the Throne, breaking down what it all means for Canada, for the West, and for the oil and gas industry.
A presentation and Q&A with The Honourable Erin O’Toole, P.C., M.P., Conservative Party of Canada leadership candidate. The event, hosted and moderated by PSAC Interim President and CEO Elizabeth Aquin, took place on Monday, August 17 at 9:00 a.m. MT. Candidate O’Toole discussed his leadership platform, his vision for Canada and the future of the Canadian oil and gas industry, and took questions from PSAC members.
PSAC’s Spring Workshop was a two-day webinar event. Presentations | topics included: Fit for Duty (overview of industry’s work on Fit for Duty, beginning with PSAC’s ask in 2016 through to the recent release of the program development guideline); Carrier Profiles and Audits (process and carrier audit protocol); Transportation of Dangerous Goods (changes to the federal TDG Act and Regulations; federal Equivalency Certificates; and the CGSB Standard on TDG Training); Hours of Service (update and information on Alberta’s two-tier system; implementation of NSC Standards; and vehicle weights and dimensions); Electronic Logging Devices (requirements for federally-regulated carriers; how Alberta will be enforcing the federal ELD Standard; and information specific to oil and gas service sector operations); and Harassment and Violence in the Workplace (issues and trends related to the provisions in Alberta’s OHS Act).
At the half-day workshops in Red Deer and Grande Prairie, MNP LLP provided information to determine a company’s worth and value and the best steps for succession planning for small to medium sized companies in Western Canada.
PSAC recognized that there are enormous geothermal opportunities available in Western Canada and held a members only event which provided an overview of geothermal energy, with a focus on Western Canada. Presentation were given by C-FER Technologies, DEEP Earth Energy Production, Epoch Energy Developments and Terrapin Geothermics Inc. This was followed by a panel discussion on how oilfield services companies can participate in geothermal energy development, a Q&A session and an opportunity to network.
PSAC proudly held its 26th annual STARS & Spurs Gala and raised an impressive $805,000, bringing the total funds raised, since its inception, to almost $18 million for STARS. More than 1,200 guests attended the western-themed “It’s the New Way of the West – The Future Is Now” gala. The event included dinner, raffles, live and silent auctions, networking, and outstanding live performances by award-winning country duo The Reklaws as well as Chris Buck and Greg Albright. Gala guests also toasted the 2020 Honorary Patron, The Honourable Jason Kenney, Premier of Alberta. He was recognized for his outstanding contributions to Canada, his unwavering support for our hard-working, innovative and responsible energy sector, the 535,000 workers it employs across Canada, and to getting Alberta back on track to being the best place in Canada for investment, jobs, and to live. This year’s STARS “Very Important Patient” (VIP)is , former NHL defenseman with the Calgary Flames and Colorado Avalanche, Cory Sarich.
PSAC hosted a webinar presentation with the Canadian Trade Commissioner Service on oil and gas opportunities in Colombia. Juan David Gomez (Trade Commissioner for Oil and Gas in Colombia) and Carmen Sparrow (Trade Commissioner for Oil and Gas in Alberta) informed attendees about key players in the market, expected levels of production activity, upcoming market opportunities, procurement needs from Colombian oil and gas operators, and things to consider when entering the market.
At our AGM, PSAC Core and Associate Core Members reviewed the financial statements, appointed auditors for the upcoming fiscal year, met newly appointed directors, and received reports from the Chair and the President and CEO of PSAC. Long-standing Core Member Awards were presented as well as distinguished service awards.
At our Canadian Oilfield Services Activity Forecast and Industry Outlook, presenters included Ian Gillies, Managing Director, Institutional Research, GMP FirstEnergy; Ben Brunnen, Vice President, Oil Sands, Canadian Association of Petroleum Producers; Melissa Greig, GIT, Principal Geoscientist: Upstream Consulting & Research, IHS Markit; andGary Mar, President and CEO, PSAC. Each presenter provided their insights for the coming year.
Dan Giurescu, the Founder of TerraHub, created TerraHub after recognizing the operational efficiencies that could be gained by leveraging blockchain and artificial intelligence to solve business problems. On October 10, 2019, at a breakfast session, members and nonmembers learned more about the Four Links (credential, cost, asset and market) that connect core business functions and enable workflow automation, collaboration, intelligence with context, price transparency. Delegates provided input on what are the key components for a software that would meet their needs.
PSAC introduced members to the $100M Clean Resource Innovation Network (CRIN) that seeks to make Canada the global leader in clean hydrocarbons from source to end use. CRIN Chair and CNRL Vice President Joy Romero briefed members on CRIN; discussed the challenges and opportunities in working together; how to become a member and the obligations; and existing funding opportunities.
On September 26, 2019, at a luncheon at The Westin Calgary, Pierre Cléroux, Vice President, Research and Chief Economist of BDC, presented the most up-to-date information on the performance of global, national and Alberta economies; the latest data and trends that will influence oil and gas sector; and where interest rates are headed and how businesses should navigate the economy to position themselves for growth.
On July 24, 2019, at the Inglewood Golf & Curling Club, PSAC held its annual golf tournament, the “PSAC Working Energy Golf Classic” powering Canadian energy and education, raising funds for awareness and education. This year, the tournament raised over $39,000, thanks to the generosity of energy industry companies, employees, their guests, as well as the numerous sponsors who took to the fairways; over 130 golfers participated in this tournament. Since 2001, the Fund has awarded over $400,000 in scholarships and grants to deserving recipients.
The Classic is a premier event for executives to celebrate Canadian energy and the contributions of the services, supply and manufacturing sector to the Canadian economy while continuing to raise funds for education. This segment of the energy industry employs over 450,000 of the 550,000 Canadians in the energy sector. Canadian energy is a vital contributor to the standard of living enjoyed by Canadians; Canadian values like health, safety, environment, innovation, competitiveness, the rule of law and democracy are an integral part of the Canadian energy identity celebrated during this event.
The 2019 Roger Soucy Legacy Scholarship Funded by KPMG was awarded to Tyson Henderson of Calgary, Alberta, affiliated with Calfrac Well Services. Mr. Henderson is currently pursuing undergraduate studies at the University of Calgary.
The 2019 Remember Jordan Scholarship, funded by Ditch Hitch, was awarded to Kalynn Verrier of Bonnyville, Alberta, affiliated with CEDA International. Ms. Verrier is currently pursuing Occupational Health & Safety Studies at NAIT.
On May 1, 2019, this annual luncheon featured David Yager, Energy Consultant and Writer, and Bemal Mehta, Senior Vice-President, JWN Energy. Dave delivered PSAC’s 2019 Canadian Drilling Activity Forecast Mid-Year Update where PSAC released its latest estimates for 2019 drilling activity within Canada along with the Association’s outlook for Oilfield services for the next eight months. Bemal discussed CapEx trends in Canada and the USA, sharing insights and key trends that have recently unfolded.
In February 2019, at a breakfast seminar, PSAC President and CEO, Gary Mar, provided an update on the Association’s outlook for early 2019, a review of PSAC’s latest activities (continuous activity in government relations, federal and provincial government advocacy days, key issues raised including market access, well decommissioning, NAFTA, energy literacy, etc. and the need for a Canadian Energy Brand). Gary addressed current issues in Workplace Health and Safety such as cannabis in safety-sensitive workplaces and changes to AB’s OHS Legislation; also, he highlighted upcoming events and opportunities.
On January 19, 2019, at the BMO Centre (Stampede Park), PSAC proudly held its 25th annual STARS & Spurs Gala bringing the total funds raised, since its inception, to over $17 million for the Shock Trauma Air Rescue Society (STARS). This year’s gala raised an amazing $1,400,055 and more than 1,500 guests attended! Gala guests of the western-themed “It’s the Way of the West” event enjoyed dinner, raffles, live and silent auctions, networking, and outstanding performances by Hoop Dancer, Dallas Arcand Jr., and award-winning artists George Canyon, Gord Bamford and Aaron Pritchett to dance by. Gala guests also toasted the 2018 Honourary Patron Mark Salkeld who was recognized for his contributions to the success of the PSAC STARS and SPURS Gala as President of PSAC from 2010 to 2018.
PSAC was pleased to have Allan Fogwill (Canadian Energy Research Institute), Jason Switzer (Pembina Institute) and Dr. David Layzell (University of Calgary) deliver presentations at our 2018 Industry Insights Luncheon. Moderated by Stewart Muir (Resource Works BC), our distinguished speakers addressed the current disruption in Canada’s oil and gas industry related to the future of oil and gas in Canada, the pace of change and transition to renewable energy, the potential of hydrogen fuel cell technology to sustain the continued development of our oil and gas resources, all providing insightful intelligence to the oilfield services sector in planning for the future.
At the 2019 Canadian Oilfield Services Activity Forecast and Industry Outlook, insights on key industry trends and projected activity levels for Canada’s oilpatch to assist with business planning for the year ahead were provided by Elias Foscolos, Equity Research Analyst, Industrial Alliance Securities Inc.; Amir Arif, E&P Equity Research, Cormark Securities Inc.; Ben Brunnen, Vice President, Oil Sands, Canadian Association of Petroleum Producers; Jim Keating, Newfoundland and Labrador’s Offshore Oil and Gas Industry; and Tom Whalen, President and CEO, PSAC. This event was moderated by Russell Ketter, Senior VP of Sales, Wells Fargo Equipment (sponsor of this Forecast session).
On July 26, 2018, at the Inglewood Golf & Curling Club, PSAC held its annual golf tournament, newly branded as the “PSAC Working Energy Golf Classic” powering Canadian energy and education, raising funds for awareness and education. We raised over $42,000, thanks to the generosity of energy industry companies, employees, their guests, as well as the numerous sponsors who took to the fairways; over 130 golfers participated in this tournament. Since 2001, the Fund has awarded over $400,000 in scholarships and grants to deserving recipients.
This year’s tournament took a new strategic direction, revitalizing it to be a premier event for executives to celebrate Canadian energy and the contributions of the services sector to the Canadian economy while continuing to raise funds for education.
The 2018 Roger Soucy Legacy Scholarship Funded by KPMG was awarded to Madison Brittner of Calgary, Alberta, affiliated with Rapid Rod Service. Ms. Brittner is currently pursuing undergraduate studies at the University of Calgary.
The 2018 Remember Jordan Scholarship, funded by Ditch Hitch, was awarded to Aditya Sharma of Grande Prairie, Alberta, affiliated with Trican Well Service. Mr. Sharma is currently pursuing undergraduate studies at the University of Waterloo.
On Thursday, September 13, 2018, Paul Waddell, Senior Business Development Representative, Cole International provided attendees with essential knowledge on US customs and overseas shipping along with best practices and available resources. Presentation included: customs documentation, classification systems, tarriff schedules, international commercials terms (incoterms), understanding of US customs, anti-dumping and countervailing duty, government agencies, and hot issues.
On April 26, 2018, this annual luncheon featured Michael Mazar, Analyst with BMO Capital Markets, and our 2018 Canadian Drilling Activity Forecast Mid-Year Update at the Calgary Telus Convention Centre. PSAC President, Tom Whalen, released its latest estimates for 2018 drilling activity within Canada along with the Association’s outlook for Oilfield services for the next eight months.
On April 18, 2018, PSAC hosted a Spring Workshop in Red Deer that covered the following topics:
Ross Nairne, Alberta Labour, discussed and highlighted the more significant changes to the legislation and provided an update on several of the Guidelines that Alberta Labour had developed to help employers better understand and meet their obligations under the new Act.
Brian Davison, Q.C., Partner at DLA Piper Canada, Neil Tidsbury, President of Construction Labour Relations – An Alberta Association (CLR), Chris Dormer, Associate in the Litigation, Arbitration and Investigations Group at DLA Piper Canada and Dr. Charl Els, psychiatrist, addiction specialist, and a Medical Review Officer were the panel speakers presenting on the characteristics of marijuana / cannabinoids, including composition, uses and effects; focused on risk identification and management; testing for and identifying use of cannabis, including the legality of testing options; and workplace and alcohol and drug policy implications for legalized recreational cannabis. The group further discussed what can employers do to ensure their policies are fully up to date, enforceable, and pitfalls to avoid; what the employer’s duty to accommodate cannabis use and any related disability or treatment; and the potential effects of cannabis use in the workplace and upcoming Occupational Health and Safety Act changes.
Following extensive lobbying of federal and provincial governments by PSAC for funding to decommissioning orphan wells and facilities to provide much needed jobs for members, PSAC was pleased to hear the federal government announce a $30 million grant to Alberta in its 2017 budget which the Alberta government then agreed to use to pay interest on a $235 million loan to the Orphan Well Association (OWA) thereby leveraging federal funds to maximize the amount of work and jobs that could be undertaken.
On April 10, 2018, Lars De Pauw, Executive Director of Orphan Well Association, provided PSAC Core Members information on OWA’s recent and current activities, the application process and requirements for qualified vendors.
In January 2018, PSAC delivered a presentation to oilfield services companies and personnel in the Grande Prairie region, titled “Canadian Oil and Gas Industry Outlook 2018”. PSAC President, Mark Salkeld, provided an update on recent Health and Safety changes, followed by thoughts on the global economic situation affecting oil and gas and Canadian Drilling Activity expectations for 2018, and concluding with a broad overview of some of PSAC’s ongoing initiatives including Advocacy, Well Decommissioning, Community Partners and STARS.
PSAC proudly held their 24th annual STARS & SPURS Gala and has raised over $14 million for the Shock Trauma Air Rescue Society (STARS) since its inception. This year’s gala raised $1,151,057 in one evening. Held at the BMO Centre in Calgary, AB, gala attendees enjoyed a very personal concert by Brett Kissel, reigning CCMA Male Artist of the Year and Juno award winner, as well as a champagne reception, dinner, entertainment, silent and live auctions, and dancing into the night.
Noted Economist, Author, and Executive Director of the Arc Energy Research Institute, Peter Tertzakian, spoke at our Industry Insights Luncheon and provided an outlook on commodity prices and markets, the expectations for future investment in Western Canada and associated constraints. Mr. Tertzakian finished with thoughts on how oil and gas producers can position themselves to be suppliers of the future.
At the 2017 AGM, PSAC Core Members reviewed the reviewed financial statements, appointed auditors for the upcoming fiscal year, met newly appointed directors, and received reports from the Chair and the President and CEO of PSAC.
Industry analysts joined PSAC’s president Mark Salkeld, and shared their business intelligence for the coming year. Expert analysts included: Andrew Bradford, Managing Director, Canadian Energy Research – Raymond James; Juan Jarrah, Equity Research, TD Securities; and Ben Brunnen, Vice President, Oil Sands, Canadian Association of Petroleum Producers. PSAC delivered its 2018 Canadian Drilling Activity Forecast and Industry Outlook.
On July 20th, PSAC celebrated the 16th anniversary of its Education Fund, and hosted executives and staff of the upstream petroleum industry and their guests for an enjoyable a day on the course, with activities and hole-in-one contests, including the opportunity to “Beat the President” and win $500. The day kicked off with a breakfast and a chance to win a golf bag and wrapped up with a barbeque banquet to network with clients and colleagues and a chance to bid on some great on-line auction items. The tournament is the primary fundraiser for the PSAC Education Fund which was established to increase awareness of and interest in petroleum related careers.
On June 8th, PSAC was proud to host the 2017 Saskatchewan Barnstorming Breakfast which included lots of food (lots of pancakes), fun, networking opportunities and community support as part of the Weyburn Saskatchewan Oil and Gas Show. PSAC has hosted the official “Barnstorming Breakfast” for about 20 years to show support to the community and the service industry operating in Southern Saskatchewan.
On April 27th, PSAC held our annual luncheon featuring our 2017 Canadian Drilling Activity Forecast Mid-Year Update at the Westin Hotel in Calgary. Mark Salkeld, President and CEO, released its latest estimates for 2017 drilling activity within Canada along with the Association’s outlook for Oilfield services for the next eight months.
The update session featured Jon Morrison, Executive Director, Institutional Equity Research at CIBC World Markets where he is responsible for leading the firm’s coverage of the Canadian oilfield services sector.
At a breakfast presentation, Michael Wach of Willis Towers Watson (the company that conducts PSAC’s annual Total Compensation Survey) spoke about the global situation for talent, domestic trends in compensation and benefits, sector specifics, and key human resource challenges facing the oil and gas services sector.
PSAC released the revised PSAC Master Service Agreement (MSA) and Model Clauses – a practical reference tool which can assist companies in the negotiation of service agreements for oil and gas well services. Attendees received a free printed copy of the Publication. Also, at the breakfast session, the main sections of the MSA and Model clauses were reviewed, along with presentations from Sponsoring Law Firms – Bennett Jones, DLA Piper and Stikeman Elliott.
PSAC proudly held their 23rd annual STARS & SPURS Gala and raised over $13 million for the Shock Trauma Air Rescue Society (STARS) since its inception. This year’s gala raised $717,460 in one evening. Held at the BMO Centre in Calgary, AB, gala attendees enjoyed a very personal concert by George Canyon, Canadian country music singer, Juno and CCMA music award winner, as well as a champagne reception with entertainment by the Calgary Fiddlers, silent and live auctions, and dancing into the night.