Oil & Gas industry in Calgary
Calgary is Canada’s energy capital. It is a city where decisions are made and deals are brokered. Here you will find the head office of every major oil and gas company in the country and the industry’s major trade associations. Major pipeline operators and manufacturers, oilfield servicers, drilling companies, energy-related engineering firms and consulting firms can also be found here. In addition, Canada’s national energy regulator, the National Energy Board, has its headquarters in Calgary, as does the Alberta Energy Resources Energy Board and Alberta Utilities Commission. The Natural Gas Exchange, the Canadian Association of Petroleum Producers (CAPP) and numerous other industry bodies and associations are headquartered in Calgary.
TSXV also has a presence in other cities across Canada. These listed companies are active primarily in the mining, oil and gas, manufacturing, technology and financial services sectors. The TSXV offers an alternative form of capital to private funds and plays a major role in the success of small Canadian companies.
Production
Alberta produces nearly 70 per cent of Canada’s crude oil and almost 80 per cent of its natural gas. Canada has the third largest reserves of crude oil in the world, behind Venezuela and Saudi Arabia. The Canadian Association of Petroleum Producers (CAPP) estimates that oil production for Western Canada will reach 3.7 million barrels per day by 2025, which will mean that the region could represent over nearly five per cent of global oil production by 2025.
Human capital
Some of the best and brightest people in the world have been attracted to Calgary because of Alberta’s economic growth and opportunity. As Canada’s recognized energy centre, Calgary naturally has a labour force rich in competencies and skills that drive success in the energy sector. Calgary has the highest concentration of engineers and engineering technologists in Canada. Calgary’s employment is focused in the financial, scientific, technical, professional, engineering and high-tech service sectors that serve the energy industry, with much of Calgary’s employment growth focused in professional services.
Post-secondary institutions, including the University of Calgary’s Schulich School of Engineering and Institute for Sustainable Energy, Environment & Economy, and SAIT Polytechnic’s MacPhail School of Energy offer thousands of students world-class education and training in all major areas of the energy industry including (but not limited to): petroleum, electrical, chemical, mechanical, geomatics and oil and gas engineering.
