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.
PSAC, EDC, and Oliver Wyman a hosted a breakfast presentation on the latest trends in Oil and Gas Supply and Procurement on December 13th at the Calgary Petroleum Club.
As the low oil price continues, operators continue to pressure service providers to reduce costs, often beyond the level of profitability. Additionally, operators have significantly consolidated their supplier base, and are now beginning to push for additional concessions in pricing and supply chain models. There is a next wave of pressure coming, which will focus on practices from other industries such as gain sharing, full-cycle cost management, and implementation of continuous improvement approaches. This joint session discussed current and future supply chain and procurement trends in oil and gas; current supplier expectations from a range of firms-majors, independents, shale producers, and oil sands operators; procurement needs identified by EDC with its international financing clients in the USA and Mexico; the relevance of trends such as continuous improvement, open books, full life-cycle cost management, and gains; and concluded with a Q&A session.
Michael Cleland, the Energy Council of Canada’s 2015 Energy Person of the Year, and former President and CEO of the Canadian Gas Association spoke at our Industry Insights Luncheon and shared his thoughts on the key forces, beyond the oil price collapse, that could have a transformational effect on Canada’s energy industry including climate and carbon; end use markets; public confidence and technology.
At the 2016 AGM, PSAC Regular Members reviewed the audited 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. In efforts to expand membership, by-law changes were approved. PSAC introduced a new category related to ‘Core’ membership called “Associate Core” members, and reviewed our ‘Associate’ member category and broke that category into several more specific ones under the general heading of ‘Affiliate’ membership.
Industry analysts joined PSAC’s president Mark Salkeld, and shared their business intelligence for the coming year. Expert analysts included: Jeff Fetterly, CFA, Principal, Oilfield Services Analyst, Peters & Co. Limited; Amir Arif, E&P Equity Research, Cormark Securities Inc.; and Ben Brunnen, Vice President, Oil Sands, Canadian Association of Petroleum Producers. PSAC presented the 2017 Canadian Drilling Activity Forecast and Industry Outlook.
On July 21st, PSAC celebrated the 15th 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 April 28, 2016, PSAC released its 2016 Canadian Drilling Activity Forecast Mid-Year Update at a luncheon session at the Westin Hotel in Calgary. PSAC President and CEO Mark Salkeld presented a PSAC update and Greg Priddy, Director, Global Energy and Natural Resources, Eurasia Group provided analytics on the current commodities, markets and investment environments. This event was moderated by David Yager, National Leader, Oilfield Services, MNP.
On April 15, 2016, PSAC hosted a breakfast seminar to provide information on accessing capital and expanding markets for Canadian businesses through a collaboration of funding from provincial and federal agencies in Alberta and Canada.
Despite the challenging year, PSAC members, donors and volunteers within this industry were generous and raised over half a million dollars! Also, gala attendees enjoyed a very personal concert by featured Canadian country music star and hearthrob Jason Blaine as well as an exciting, fun and memorable evening that included a champagne reception, dinner, live and silent auctions and dancing.
Has Canada become the world’s fossil fuel fall guy? PSAC keynote speaker, Vivian Krause, exposed how foreign special interests have funded the campaign against Alberta’s oil sands and the Canadian energy brand. Her research and writings uncovered the Tides Foundation’s involvement in the Tar Sands Campaign, whose aim is negatively brand Alberta oil, embarrass Canada and undermine investor confidence in the Alberta oil sands industry. Ms. Krause discussed her latest findings on the anti-Canadian oil campaign’s strategy leading up to the Paris Climate Conference, and what we need to do about it – now.
At the 2015 AGM, PSAC Regular Members reviewed the audited 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. Distinguished Service Awards were presented to PSAC volunteers who had made an outstanding contribution in the past year. Industry analysts joined PSAC’s president Mark Salkeld, and shared their business intelligence for the coming year. Expert analysts included: Greg Coleman, MBA, Managing Director, National Bank Financial; Adam Gil, CFA, Institutional Research, CIBC World Markets Inc.; and Ben Brunnen, Manager, Fiscal and Economic Policy, Canadian Association of Petroleum Producers. PSAC presented the 2016 Canadian Drilling Activity Forecast and Industry Outlook.
Hosted by the Petroleum Services Association of Canada and sponsored by PSAC, CAODC, CAGC, CAPP, and EPAC, Dave Mowat presented Monday, October 5th, at a special speaker presentation that provided an overview of the ongoing royalty review, discussed what oil and gas workers should know about the process, and how they can provide their views to the panel.
Held at the Pomeroy Hotel and Conference Centre on September 10th, this year’s meeting had presentations from WorkSafeBC (compliance and regulatory issues; securing of high pressure lines); EnformBC (update on Enform activities and initiatives in BC); and PSAC (update on discussions with the BC CVSE Branch on issues related to permitting and transportation of overweight and over-dimensional loads in NE BC; the Alberta Royalty Review; process safety; and safety culture).
On July 16th, 132 executives and staff of the upstream petroleum industry and their guests enjoyed a day on the course with activities and hole-in-one contests, including the opportunity to “Beat the President” and win $1500. 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. Thanks to the generosity of our members and their guests, this year’s event raised approximately $30,000. More details can be found here.
Report authors Peter Howard of CERI and David Yager of MNP presented the Economic Contribution of the Oil and Gas Services Sector in Canada report’s findings at a luncheon event on June 15th. The report indicated the oil and natural gas services (OGS) sector’s contribution to the country’s economy is substantial – and growing! The OGS sector is much larger than many better-known industrial sectors, such as residential construction, motor vehicle manufacturing, mining, forestry and agriculture.
PSAC’s Working Energy Investment Forum fostered an informed discussion about petroleum service companies’ cutting-edge innovations, recognized performance and opportunities for investment. This intensive and informative event gave participants direct access to the key leaders of nine successful service companies, all in one room, in a single afternoon. This event was held in conjunction with the Explorers and Producers Association of Canada’s (EPAC) Investor Showcase.
The Weyburn Saskatchewan Oil and Gas Show provided another opportunity for the service and supply segment of the industry to show and display their wares and latest technology applicable to the oil and gas industry. PSAC member companies have been attending this event since the 1980’s and PSAC has hosted the official “Barnstorming Breakfast” for close to 20 years to show support to the community and the service industry operating in Southern Saskatchewan. The 2015 breakfast was held on June 4th and there was lots of food, including pancakes, fun, networking opportunities and community support.