Canada is home to increasingly accessible oil sands, new carbon sequestration and nuclear generation projects and environmental mitigation initiatives. It’s also home to the oil and natural gas industry’s most significant event on the continent, the Global Petroleum Show 2010 in Calgary this June.
Pennsylvania hydrocarbon firms will be well-represented, thanks to the state’s Department of Community and Economic Development, in the hopes of being well-positioned to offer their technology and services. The DCED is organizing a delegation of PA companies and hosting a Keystone State pavilion at the event, and will provide logistical support, pre-set appointments with potential partners, and on-site assistance.
“Canadian oil sands and shale gas present great opportunities for Pennsylvania companies deserving the industry,” says DCED secretary George Cornelius. “However, companies need to meet face to face with potential partners and buyers to be successful in this market. The commonwealth is providing that opportunity.”
Cornelius speaks from experience. The DCED brought an 11-company confab to last year’s Global Petroleum show in Toronto, where the firms met with 100 possible buyers. More than 60,000 are expected to attend this year’s show. PA’s exports accounted for $34.4 billion last year, an increase of nearly 18 percent from 2007 that easily outpaced the national average (11.8 percent increase).
With major oil companies considering nuclear energy to power extraction and refinement work, PA’s nuclear companies will also have opportunities to find business. Interested firms are urged to register early, with the March 1 deadline looming.
Source: George Cornelius, PA DCED
Writer: Joe Petrucci
