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Energiesnet.com 09 20 2023
Oil, gas and other energy major players from around the world share in Calgary during the five-day conference at the Calgary’s Stampede Park BMO Centre, city of Calgary, Alberta, Canada.
The World Petroleum Congress was last held in Houston in 2021 and last in Calgary in 2000. The show takes place every three years.
The World Petroleum Council, now WPC Energy announced this week the official MOU signed by HRH Prince Abdulaziz Bin Salman Al Saud, Minister of Energy Saudi Arabia and WPC Energy President Pedro Miras. The MOU signing officially passes organizing privileges of the World Petroleum Congress to Saudi Arabia who will be hosting the 25th edition in Riyadh in 2026.
The Kingdom of Saudi Arabia, and that country’s minister of energy has secured a massive space at the BMO Centre to showcase its work within the industry.
The event had more than 5,000 delegates and 10.000 plus visitors and create around $80 million dollars in economic activity for the city, according to Calgary’s mayor Jyoti Gondek.
“We still have to provide the energy that we’re producing to global markets because we are in a global situation of war,” said Gondek to CTV News Calgary
“And it is important that people that are in those nations are able to access energy securely, safely and at an affordable rate.”
This year the focus of the conference was Energy Transition – The Path to Net Zero.
“It’s different because it’s the first climate-related theme that this congress has ever had,” said president and CEO Denis Painchaud.
Painchaud says compared with 23 years ago, the conference has definitely seen changes.
“Oil was $10 a barrel then. There were lots of challenges in the industry, just as there are challenges now,” he said.
“But transition, that was not something that people talked about in 2000. They were talking about the best ways to get oil out of the ground, the most efficient, most economical ways to get it to market.” quoted CTV News.
Among its attendees were global energy leaders such as Exxon Mobil CEO Darren Woods, Repsol CEO Josu Jon Imaz and Amin Nasser, the CEO of Saudi Aramco, the world’s largest oil company.
Many of the companies in attendance at the congress have been criticized by environmentalists for prioritizing profits over the planet, reported Global News.
The energy transition, and the need for the oil and gas sector to achieve net-zero greenhouse gas emissions in the decades to come, is the theme of this year’s event.
The World Petroleum Congress is led by WPC Energy, which is an organization of nearly 65 member countries from around the world, including both OPEC and Non-OPEC countries.
EnergiesNet.com 09 20 2023
