Energy Visions 2018
Is Canada ready for the global energy and technology convergence?
After a prolonged period of oversupply and low prices, the fundamentals of the global oil and gas market are shifting. Key factors influencing supply and demand are raising questions about the future of the energy mix while also altering what drives capital allocation, how the industry operates, national policies and broader geopolitics.
Producers have had to shift strategies due to these ever-changing market dynamics. They’re expected to do more with less and with greater environmental consideration—all amid growing uncertainty about the outlook for fossil fuels demand.
Over the next decade, Canadian producers are looking to evolve into stronger, more resilient players. In many cases, the keys to this are technology and innovation.
“Our oil and gas industry has shown it can adapt to changing market conditions, survive and compete. And it will continue to do so as it uses innovation to overcome challenges and integrates new technologies into our future energy mix.”