Back to Basics:
Canadian Oil and Gas - Stuck in Neutral?
Date: Tuesday, 25 September 2018
Speaker: Dinara Millington, Vice President of Research Canadian Energy Research Institute [CERI]
Location: The Bow Valley Club [#370- 250, 6 Ave SW]
Time: 11:30 AM – 1:00 PM
Cost: $45 SPE Members, $55 Non-members, $15 Students
Abstract:
Despite improving commodity prices and increasing production, the Canadian oil and gas industry is still facing many hurdles that it needs to overcome in order to grow its sector.
After ramping up natural gas production to the highest level in a decade, operators hit a demand wall, resulting in a major price drop in the summer of 2017 that has carried through into 2018. Domestic demand is not growing and traditional export markets in the US have almost disappeared. Additional demand for gas such as LNG exports is of utmost importance for the natural gas industry. Lack of oil export pipelines began cutting into the oil recovery as well, with discounted prices cutting revenues and cash flows to invest in growth projects. New export capacity is essential to enable Canada to fully benefit from its hydrocarbon resources. In a carbon-constrained world, the development also depends on how the industry will address the environmental factors.
The presenter will talk about CERI’s outlook for the Canadian oil and gas industry and how these and other challenges might impact the sector.
Speaker Bio:
Dinara Millington joined CERI in February 2004 and assumed her current role as a Vice President, Research in April 2014. Dinara is responsible for managing the Institute’s research agenda including leading the oil sands projects, assisting in the production of market research, economic analysis, and economic modeling. Ms. Millington has participated in various projects involving oil sands, crude oil, natural gas, LNG, and renewable energy.
Dinara sits on the Editorial Committee of the Institute's quarterly Reports and Geopolitics of Energy journal and provides economic commentary for CBC, Global TV, The Globe and Mail, the BNN and other local, national and international news outlets.
Dinara graduated with a Masters of Arts degree in Economics from the University of Calgary, specializing in Econometrics and Time-series Analysis. She also holds a Bachelor of Arts degree in Economics with a minor in Finance. Ms. Millington spent some time studying at Masarykov University in Brno, Czech Republic, as well as worked and lived abroad in Kazakhstan.
SPE would like to thank our sponsor for this luncheon!
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