Unpredictable Oilfield Sector? Hedge Your Bet on Renewables
Click here to attend the event.
Date: February 26, 2015
Time: 4:30 pm - 5:30 pm
Location: RBC Room, Haskayne School of Business, University of Calgary
What if the next great energy project is not a fossil fuel project at all?
This latest ConocoPhillips IRIS seminar will introduce two green energy solutions developed here in Calgary. Both solutions are capable of having a global impact that can enable moving the Canadian energy brand forward.
Alternatives to volatile commodity pricing
The global perspective on the carbon bubble and stranded assets
Opportunities for the next generation of energy projects
High temperature Geothermal Projects (Geopower) in Western Canada
Hydrokinetic energy opportunities in Canada and abroad
Fossil Fuel industry partnerships in renewable energy
About the speakers:
Craig Dunn, P.Geo, is a scientist, entrepreneur and energy fanatic. Dunn has a robust consulting background looking at geological applications for the oil and gas industry, as well as having worked on many of the early stage exploration programs from the Bakken in Saskatchewan to tight gas plays in British Columbia. Dunn is the Co-Founder and Chief Geologist of Borealis Geopower.
Glenn Hughes is the Chief Operating Office of Jupiter Hydro Inc., an organization that is focused on the global hydrokinetic market. Hughes’ objective is to facilitate growth of Jupiter Hydro’s domestic and global share of hydrokinetic energy while improving and leveraging the Canadian energy brand. With a mixed educational toolkit in aeronautical engineering and commerce, Hughes has broad experience developing strategic business systems in organizations.
The predicted 41% decline in active oil and gas rigs in Alberta leaves a window of opportunity for Canada’s nascent geothermal industry.
Tyler Hamilton of the Corporate Knights writes a compelling article about declining employment in the Canadian oil and gas industry at a time when the geothermal market is gaining speed.
The article states:
“In Alberta, the cost of hiring a drilling contractor in an overheated oil market can represent up to 30 per cent of the cost of a typical geothermal power project. Under current market dynamics, however, “our whole capital expenditure has just come down by 15 per cent,” Thompson said.”
Will Alberta see the opportunity for an emerging clean energy industry?
Fortuitously, a Technology Transfer Workshop Between the Oil and Gas and Geothermal Industries will be held at the Calgary Petroleum Club on Monday.