growing together: ontario’s role in canada’s oil and gas...
TRANSCRIPT
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#OnChamberNetwork | #StrongerTogether
GROWING TOGETHER: Ontario’s role in Canada’s oil and gas supply chain
VICKI BALLANCEVice President, OperationsExplorers and Producers Association of Canada
MIKE GLADSTONEDirector, External Affairs, CanadaEnbridge
GARY G. MAR Q.C.President and CEOPetroleum Services Association of Canada (PSAC)
DAVID MCHATTIEVice-President Institutional RelationsTenaris
DAVID SWORDEnergy ConsultantCanadian Association of Petroleum Producers (CAPP)
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#OnChamberNetwork | #StrongerTogether
GROWING TOGETHER: Ontario’s role in Canada’s oil and gas supply chain
DAVID SWORD Energy ConsultantCanadian Association of Petroleum Producers (CAPP)
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#OnChamberNetwork | #StrongerTogether
QUESTION
THE WORLD’S BIGGEST OIL PRODUCER IS:1. Iraq2. Qatar3. Russia4. Saudi Arabia5. United States –ANSWER
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Growing together:Ontario’s role in Canada’s oil and natural gas supply chain
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Made in Ontario
In 2016-17 the oil sands companies alone spent $1.9 billion on supplies and services from 1,162 companies in Ontario.
This is
down 45 % since 2014-15.
Source: CAPP member data aggregated by CAPP, 2019
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6Source: IEA, World Energy Outlook 2018, New Policies Scenario
Growth in the Global Energy Mix from 2017-2040
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Economic growth and products driving demand
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Top 10 World Natural Gas Producers in 2017
0 5 10 15 20 25 30
US
Russian Federation
Iran
Qatar
Canada
China
Norway
Australia
Saudi Arabia
Algeria
Trillion Cubic Feet per Year
Source: BP Statistical Review 2018 and CAPP
Canada, is the 5th largest producer of natural gas in the world.
Chart1
US
Russian Federation
Iran
Qatar
Canada
China
Norway
Australia
Saudi Arabia
Algeria
2017
Trillion Cubic Feet per Year
26.0701448393
22.5598149215
7.947046194
6.2362483979
5.657
5.2956645473
4.3728275619
4.0285383788
3.9540015454
3.2370281952
Sheet1
2017
US26.0701448393
Russian Federation22.5598149215
Iran7.947046194
Qatar6.2362483979
Canada5.657
China5.2956645473
Norway4.3728275619
Australia4.0285383788
Saudi Arabia3.9540015454
Algeria3.2370281952
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Top 10 World Crude Oil Producers in 2017
Source: BP Statistical Review 2018 & CAPP)Crude oil including lease condensate.
Canada has the 3rd largest reserves in the world.
Chart1
MexicoMexicoMexico
KuwaitKuwaitKuwait
ChinaChinaChina
United Arab EmiratesUnited Arab EmiratesUnited Arab Emirates
CanadaCanadaCanada
IraqIraqIraq
IranIranIran
RussiaRussiaRussia
Saudi ArabiaSaudi ArabiaSaudi Arabia
United StatesUnited StatesUnited States
2017
Million Barrels per Day
2224
3025
3846
3935
4187
4520
4982
11257
11951
13057
Sheet1
country20172025
Mexico2224
Kuwait3025
China3846
United Arab Emirates3935
Canada41875247
Iraq4520
Iran4982
Russia11257
Saudi Arabia11951
United States13057
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THE GLOBAL ENERGY PULSE
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Economic Impacts of the Oil and Natural Gas Industry in Canada
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Source: Statistics Canada, Prism Economics and CAPP, 2018
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Environmental Protection Spending by Industry - 2016
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Source: Statistics Canada, 2019
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GROWING TOGETHER: Ontario’s role in Canada’s oil and gas supply chain
DAVID MCHATTIEVice-President Institutional RelationsTenaris
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#OnChamberNetwork | #StrongerTogether
QUESTION
WHAT PERCENTAGE OF STEEL CONSUMED IN CANADA IS DEDICATED TO AUTO AND AUTO PARTS?
1. 10%2. 20%3. 35% –ANSWER4. 50%5. 60%
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QUESTION
WHAT PERCENTAGE OF STEEL CONSUMED IN CANADA IS DEDICATED TO THE ENERGY SECTOR?
1. 10%2. 20%3. 35% –ANSWER4. 50%5. 60%
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Manufacturing Committed to Canada’s Energy Industry
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Agenda
Tenaris
Canada’s Energy Sector is Large on Global Scale
Opportunity to Connect Manufacturing and Energy Sectors Better
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Serving the world's energy industry – In Canada, $1B Revenues employing 1,000 in 3 manufacturing locations and 5 service centres
Countries
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Manufacturing facilities
5R&D CentersWorldwide
23,472Employees(2018)
Global Leader in Pipes for the Oil & Gas Industry
7.7US$ billionAnnual net sales(2018)
30CountriesServices and distribution network
Sales by Region
North America47%
South America19%
Europe9%
Middle East & Africa20%
Asia Pacific4%
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Grande Prairie
Sault Ste. Marie
Nisku
Fort McMurray
RTFT Steel MillSorel-Tracy
Rio Tinto Fer et Titane (RFT) Havre Ste. Piere
Iron Ore to Steel Bar, transformed into a steel pipe, threaded and installed in a well
TenarisAlgomaTubes supply chain: adding value to Canada’s resource sector
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WESTERN SEDIMENTARY
BASIN
ArcelorMittal DofascoHamilton
CalgaryArcelorMittal Pelletizing PlantSept-Iles
ArcelorMittal Mines Mont-Wright
TenarisPrudential supply chain: secure source of supply
Iron Ore to Hot Rolled Coil, transformed into a steel pipe, threaded and installed in a well
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• We should all be aware that Canada is one of the largest producers of oil & natural gas
• But to produce oil & natural gas, manufactured goods are critical. This means that Canada is one of the world’s largest markets for these manufactured goods.
Canada’s Energy Sector is Large on Global Scale
Rank Apparent Consumption 2014 2016 20181 USA 6,490 2,080 4,960 2 China 3,300 2,616 3,634 3 Russia 1,699 1,984 2,391 4 Canada 1,112 459 745 5 Saudi Arabia 595 424 487 6 Brazil 350 148 272 7 India 254 246 228 8 Mexico 253 70 217 9 Oman 237 275 234 10 Kazakhstan 220 118 155 11 UAE 201 320 236 12 Thailand 197 129 116 13 Iran 158 100 150 14 Indonesia 157 48 56 15 Colombia 153 45 88 16 Iraq 153 39 94 17 Argentina 148 52 217 18 Egypt 146 92 107 19 Algeria 143 161 169 20 Venezuala 116 164 108 21 Australia 96 53 59 22 Kuwait 85 282 240 23 Malasia 81 29 25 24 Azerbaijan 79 47 64 25 Angola 75 22 38 26 Vietnam 72 51 52 27 Nigeria 59 37 32 28 Uzbekistan 57 26 40 29 UK 50 25 61 30 Norway 47 97 75
Global OCTG Market (Th tonnes, source Metal Bulletin Report)
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Steel Is everywhere in energy development, here are the energy tubulars examples:
• Drilling, completion and production of oil and gas
• Transportation of oil and gas
• Process and power plants
Oil Country Tubular Goods
Line Pipe for Onshore and
Offshore applications
HydrocarbonProcessing
PowerGeneration
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35% of Canada’s steel consumption is in the energy sector, equal to that of auto and auto parts
35%
35%
25%
5%
Energy
Automotive
Construction
Other Machinery & Equipment
Steel Consumption by Sector – Canada (Avg 2010-14)
• Cdn steel production/consumption $14B
• About $5B to the auto sector while an equal amount went to the energy sector
• The energy sector consumed over $500 Million in Canadian goods manufactured in Northern Ontario alone
• About $4B is steel pipes while the rest is: plate, coil, rebar, beams, etc used either directly or in further fabrication/construction for the energy sector
• Fabricated and manufactured products include buildings, water treatment facilities, boilers, wellheads, valves, processors, pressurizers, etc
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Ontario Manufacturers for Canada’s Energy Sector are big and small
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Canadian Drilling Activity in 2019 is now 30% lower than 2018 and much lower than 2014Drilling Rig Activity – Canada
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Since 2013, TS employment in Northern Ontario has been cut in half
0
200
400
600
800
20192013 peak
-50%
Employee Count – TenarisAlgomaTubes
Other negative impacts include an import surge from Non-NAFTA sources and the US Section 232 Tariffs vs. Canada
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Chinese Steel Means Increased GHG Emissions
01234
Canada
1.1 Tonnes CO2 / Tonne Steel
China
3.5 TonnesCO2 / Tonne Steel
2.4 Tonnesadditional tonnes of GHG per tonne of imported Chinese steel
*Calculations based on World Steel data
GHG Emissions per Tonne of Steel – China vs. Canada
South Korea emits double (+1.3 tonnes)
India emits double (+1.2 tonnes)
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• Canada is one of the largest producers of oil & natural gas (the 3rd largest)
• But to produce oil and natural gas, an important volume of manufactured goods are critical – this means that Canada is one of the world’s largest markets for these manufactured goods
• Between 2010-2014 as much steel was used in Energy as Autos
• Northern Ontario generated over $500 Million in energy sector manufactured goods sales; for all of Ontario, it must be much more
• We all care about the environment and this concern should be a competitive advantage. Using Canadian manufactured goods that are produced using low carbon electricity it good for Canada. This connects Ontario/Quebec as manufacturing cores with our Western energy core.
Canada’s Energy & Manufacturing Sectors are Connected –there are more Opportunities Possible
Here is what you now know:
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Thank you!
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#OnChamberNetwork | #StrongerTogether
GROWING TOGETHER: Ontario’s role in Canada’s oil and gas supply chain
MIKE GLADSTONEDirector, External Affairs, CanadaEnbridge
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#OnChamberNetwork | #StrongerTogether
QUESTION
ON AVERAGE, HOW MANY DAYS DOES IT TAKE FOR A LARGE PIPELINE TO BE APPROVED, IN CANADA AND THE US?
1. Canada – 681 days, US – 336 days – ANSWER2. Canada – 435 days, US – 378 days3. Canada – 550 days, US – 578 days
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QUESTION
IN 2017, HOW MUCH DID CEPA’S MEMBERS SPEND IN ONTARIO TO OBTAIN PERSONNEL, SERVICES, SUPPLIES AND EQUIPMENT FROM LOCAL SOURCES?
1. $1.5 billion
2. $4.1 billion – ANSWER
3. $3.2 billion
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C A N A D I A N E N E R G Y P I P E L I N E A S S O C I A T I O N
CEPA MEMBERS
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C A N A D I A N E N E R G Y P I P E L I N E A S S O C I A T I O N
ENBRIDGE
• Enbridge operates the world’s longest and most complex crude oil and liquids transportation system
• Enbridge’s three liquids pipelines deliver 96% of the province’s crude imports
• Enbridge’s natural gas transmission and midstream pipelines assets cover about 41,850 km in 31 American states, 5 Canadian provinces and offshore in the Gulf of Mexico
• Enbridge Gas is Canada’s largest natural gas distribution provider by volume and third largest by customer connections
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C A N A D I A N E N E R G Y P I P E L I N E A S S O C I A T I O N
ENBRIDGE – IN ONTARIO
• Enbridge’s three liquid pipelines deliver 96% of Ontario’s crude imports
• Enbridge’s Dawson Hub is one of North America’s most liquid natural gas trading hubs
• In 2018, over $2 billion invested in capital expenditures and operations
• More than $127 million paid in property and other taxes annually
• This helps to fund schools, hospitals and other priority investments.
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C A N A D I A N E N E R G Y P I P E L I N E A S S O C I A T I O N
THE ENERGY LANDSCAPE IN ONTARIONatural gas provides low cost, critical and reliable energy
* Enbridge’s 2017 Ontario LTEP Submission.
Ontario’s energy system reality: Natural gas provides more than twice the energy at less than half the cost of electricity
Notes: 1. Ontario Peak natural gas demand is 6.9 bcf/day
2. Avg. natural gas demand includes refill of storage
3. Peak electricity demand recorded in Summer 2006 (IESO)
Resilient
15,959
24,706
34,193
84,261
Avg ElectrcityDemand
PeakElectrcity…
Avg NaturalGas Demand
Peak NaturalGas Demand
Ontario Energy by Fuel Type
MW
40%
39%
1%3%
17%
Petroleum ProductsNatural Gas
Critical
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C A N A D I A N E N E R G Y P I P E L I N E A S S O C I A T I O N
CEPA MEMBER PIPELINE NETWORK
O Gas pipeline
O Oil pipeline
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C A N A D I A N E N E R G Y P I P E L I N E A S S O C I A T I O N
TRANSMISSION PIPELINES IN ONTARIO
Added $1.8B to Ontario’s GDP in 2015
More than 8,000 jobsin Ontario in 2015
Spent in Canadian communitiesin 2017
$4.1 billion
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C A N A D I A N E N E R G Y P I P E L I N E A S S O C I A T I O N
CANADA IS A TRUSTED TRADING PARTNER
• Canada is an exporting nation and trusted trading partner
• Opportunity: The world needs our oil and natural gas
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C A N A D I A N E N E R G Y P I P E L I N E A S S O C I A T I O N
GROWING TOGETHER
• Ontario remains a partner in enabling the growth of Canada’s energy industry through manufacturing, construction, finance, and technology.
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#OnChamberNetwork | #StrongerTogether
GROWING TOGETHER: Ontario’s role in Canada’s oil and gas supply chain
GARY G. MAR Q.C.President and CEOPetroleum Services Association of Canada (PSAC)
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#OnChamberNetwork | #StrongerTogether
QUESTION
THE AUTO SECTOR’S CONTRIBUTION TO CANADA’S GDP IS:
1. 6x larger than the Oil & Gas sector’s contribution
2. 3x larger than the Oil & Gas sector’s contribution
3. Equal to the Oil & Gas sector’s contribution
4. 3x smaller than the Oil & Gas sector’s contribution
5. 6x smaller than the Oil & Gas sector’s contribution – ANSWER
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QUESTION
BILL C-48, THE OIL TANKER MORATORIUM ACT, WILL BLOCK WHICH VESSELS CARRYING PETROLEUM PRODUCTS:
1. Foreign tankers from waters anywhere off the coast of Canada;2. Foreign and Canadian tankers anywhere off the coast of Canada;3. Canadian tankers anywhere off the coast of Canada;4. Foreign tankers from waters off the coast of northern British Columbia;5. Foreign and Canadian tankers from waters off the coast of northern British Columbia;
or
6. Canadian tankers off the coast of northern British Columbia. – ANSWER
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Barriers to Opportunity
Petroleum Services Association of Canada
May 4, 2019
Gary G. Mar, President and CEO
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About PSAC
• National trade association
• Representing service, supply and manufacturing sectors
• 18 business subsectors, over 250 products and services
• Over 450,000 workers across Canada
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Canadian Exports by IndustrySo
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https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1210013401
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Oil and Gas contributes more to Canada’s GDP and exports more than other sectors
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0
100,000
200,000
Auto/PartsO&G
GDP (x1,000,000)
$161 B
$26 B
0
100,000
200,000
Auto/PartsO&G
Exports (x1,000,000)
$134 B
Source: Tenaris, 2019
$73 B
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Capital is fleeing Canada
The Fraser Institute reports: “Canadians have increasingly looked to other countries to invest, with the amount Canadians invest abroad rising 74 per cent from 2013 to 2017. At the same time, foreign direct investment—investment from other countries into Canada—dropped a staggering 55.1 per cent from 2013 to 2017.”
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Pipelines cancelled
• Northern Gateway, Energy East
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Source: BOE Reporthttps://boereport.com/2016/01/13/b-c-supreme-court-hands-another-setback-to-northern-gateway-pipeline
Source: CBC https://www.cbc.ca/news/canada/new-brunswick/energy-east-
pipeline-completion-date-pushed-back-to-2020-1.3019311
https://boereport.com/2016/01/13/b-c-supreme-court-hands-another-setback-to-northern-gateway-pipeline/https://www.cbc.ca/news/canada/new-brunswick/energy-east-pipeline-completion-date-pushed-back-to-2020-1.3019311
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Pipelines delayed
• Line 3, TMX, Keystone XL
50Source: CAPP, 2017
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Competitive issues include U.S. tax changes
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https://www.cbc.ca/news/business/royal-bank-investment-ceo-1.4602161https://business.financialpost.com/news/economy/its-not-just-taxes-here-is-whats-really-killing-canadas-competitivenesshttps://business.financialpost.com/commodities/energy/oil-and-gas-firms-sound-alarm-as-capital-once-destined-for-canada-flees-to-more-competitive-u-s
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Canada is losing $ billionsLoss to Canada:
$80 Million per day$92 Billion (2008–2020e)
5252
Source: Canada Action, 92 Billion https://www.canadaaction.ca/oil_discount
https://www.canadaaction.ca/oil_discount
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Why are we losing billions?
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https://business.financialpost.com/opinion/canadians-are-realizing-foreign-groups-sabotaged-our-energy-economy-for-no-good-reasonhttps://calgaryherald.com/news/local-news/corbella-vivian-krause-should-become-a-household-name-across-Canada
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Contrary to what you might see…
54Source: JWN Energy https://www.jwnenergy.com/article/2016/12/all-first-nations-crossed-trans-mountain-pipeline-route-support-project-kinder-morgan/
Source: Financial Post https://business.financialpost.com/opinion/we-are-first-nations-
that-support-pipelines-when-pipelines-support-first-nations
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Opportunity to Lift Developing Nations out of Energy Poverty
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Source: India Climate Dialoguehttps://indiaclimatedialogue.net/2014/07/17/millions-die-indians-still-cook-wood-dung/
Image Caption: The burning of dung in cities is increasingly criticised as contributing to air pollution
- Times Newspapers Limited (UK), 2015
https://indiaclimatedialogue.net/2014/07/17/millions-die-indians-still-cook-wood-dung/
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If We Care About Global Emissions, Canada should supply the world with energy
56Source: BP Report: Energy demand by region https://www.bp.com/en/global/corporate/energy-economics/energy-outlook/demand-by-region.html
https://www.bp.com/en/global/corporate/energy-economics/energy-outlook/demand-by-region.html
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U.S. Oil and Natural Gas Production at Record Levels
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Source: U.S. EIA – April 2019 Monthly Energy Review, Fig 1.1 https://www.eia.gov/totalenergy/data/monthly/pdf/mer.pdf
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INCREASING: Consumption, Production and ExportsDECREASING: Imports
https://www.eia.gov/totalenergy/data/monthly/pdf/mer.pdfhttps://www.forbes.com/sites/judeclemente/2019/03/01/u-s-crude-oil-production-exports-hit-record-levels/#494a6a785a78
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Bill C-69 Impacts Major Projects in All Industries
58 Sour
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https://energy.techno-science.ca/en/energy101/hydro.phphttp://pipelinesandalternatives.com/canadian-pipelines-are-the-safest-in-the-world-cepahttps://cna.ca/technology/energy/candu-technology/
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Bill C-48: Oil Tanker Moratorium Act
59Source: Resource Workshttps://www.resourceworks.com/c48hearing
Canada’s West Coast Canada’s East Coast
https://www.resourceworks.com/c48hearing
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Bill C-48: First Nations Support
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https://www.cbc.ca/news/politics/tasker-pro-pipeline-first-nations-c-48-1.4941165
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Some questions you may want to ask
Where do you stand on Bill C-69?
Where do you stand on Bill C-48, the tanker ban?
Are you in favour of Canadian oil over foreign-sourced oil in eastern Canada?
Do you support Canadian oil and natural gas development?
federal candidates that come knocking at your door
61
Would you prefer oil by rail or by pipeline?
Are you in favour of these pipelines?
Trans Mountain Expansion (TMX)
LNG Canada/Coastal GasLink
A potential Energy East
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Thank youFor more information, please visit
psac.ca
Petroleum Services Association of Canada
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#OnChamberNetwork | #StrongerTogether
ANSWERS
VICKI BALLANCEVice President, OperationsExplorers and Producers Association of Canada
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#OnChamberNetwork | #StrongerTogether
CLOSING
GARY G. MAR Q.C.President and CEOPetroleum Services Association of Canada (PSAC)
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#OnChamberNetwork | #StrongerTogether
CONTACT US
FOR FURTHER INFORMATION
Please contact David Sword
mailto:[email protected]
Growing together: �Ontario’s role in Canada’s oil and gas supply chainGrowing together: �Ontario’s role in Canada’s oil and gas supply chainQuestionGrowing together:�Ontario’s role in Canada’s oil and natural gas supply chainMade in OntarioGrowth in the Global Energy Mix from 2017-2040Economic growth and products driving demandTop 10 World Natural Gas Producers in 2017Top 10 World Crude Oil Producers in 2017�THE GLOBAL ENERGY PULSEEconomic Impacts of the Oil and Natural Gas Industry in CanadaEnvironmental Protection Spending by Industry - 2016Growing together: �Ontario’s role in Canada’s oil and gas supply chainQuestionQuestionSlide Number 16AgendaServing the world's energy industry – In Canada, $1B Revenues employing 1,000 in 3 manufacturing locations and 5 service centres�TenarisAlgomaTubes supply chain: adding value to Canada’s resource sectorTenarisPrudential supply chain: secure source of supplyCanada’s Energy Sector is Large on Global ScaleSteel Is everywhere in energy development, here are the energy tubulars examples:35% of Canada’s steel consumption is in the energy sector, equal to that of auto and auto partsOntario Manufacturers for Canada’s Energy Sector are big and small Canadian Drilling Activity in 2019 is now 30% lower than 2018 and much lower than 2014Since 2013, TS employment in Northern Ontario has been cut in halfChinese Steel Means Increased GHG Emissions Canada’s Energy & Manufacturing Sectors are Connected – there are more Opportunities PossibleThank you!Growing together: �Ontario’s role in Canada’s oil and gas supply chainQuestionQuestionCEPA MEMBERSEnbridgeEnbridge – in ontarioThe Energy Landscape in OntarioCEPA Member �pipeline networkTransmission pipelines in ontarioCanada is a trusted trading partnerGrowing togetherGrowing together: �Ontario’s role in Canada’s oil and gas supply chainQuestionQuestionSlide Number 44About PSACCanadian Exports by IndustryOil and Gas contributes more to Canada’s GDP and exports more than other sectorsCapital is fleeing CanadaPipelines cancelledPipelines delayedCompetitive issues include U.S. tax changesCanada is losing $ billionsWhy are we losing billions?Contrary to what you might see…Opportunity to Lift Developing Nations � out of Energy PovertyIf We Care About Global Emissions, � Canada should supply the world with energyU.S. Oil and Natural Gas Production at Record LevelsBill C-69 Impacts Major Projects in All IndustriesBill C-48: Oil Tanker Moratorium ActBill C-48: First Nations SupportSome questions you may want to askSlide Number 62AnswersClosingContact Us