Header Menu: Top-Right


Commodity Pricing

Energy NL Annual Conference & Exhibition 2024 Day One Wrap Up & Day Two Preview

(St. John’s, NL – Tuesday, June 4, 2024) The Energy NL Annual Conference & Exhibition 2024 began on Tuesday, June 4, 2024 with an opening address by Premier Dr. Andrew Furey who committed his support for the Newfoundland and Labrador energy industry, including the offshore oil and gas sector and the renewable energy sector. Premier Furey was followed by Kerry Moreland, President of ExxonMobil Canada and Sean Leet, Managing Director and CEO of World Energy GH2 who provided updates on their energy projects. ExxonMobil Canada is currently undertaking exploration in the Orphan Basin with the Persephone well and World Energy GH2 have received environmental assessment approval and continue to progress their project.

Following those insightful presentations, Jim Keating, CEO of OilCo, took a look at the Newfoundland and Labrador offshore oil and gas sector and the opportunities before it. He outlined the potential of offshore Newfoundland and Labrador including an estimated 123.6 billion barrels of oil and 292.6 trillion cubic feet of gas. The second session of the day included a discussion on regulation in the energy sector and the need for participants to have clear, concise, and consistent regulations. Scott Tessier, CEO of the Canada-Newfoundland and Labrador Offshore Petroleum Board provided an update on the transition of the board into a broader offshore energy regulator. The session also included a presentation by Dr. Michel Heijdra with the Netherlands Ministry of Economic Affairs and Climate Policy who outlined policy initiates and collaboration in Europe for the production and transportation of green fuels.

The lunch keynote address was provided by Michael Cohen, Chief US Economist with bp, who provided a global overview of the energy market, including the role of the Newfoundland and Labrador energy sector. Michael Cohen stressed that the world will need an energy mix as it moves forward and advantaged oil, such as the lower carbon oil of Newfoundland and Labrador, will be extremely important. The day concluded with an afternoon International Business Program that examined the energy markets of the United Arab Emirates and the Netherlands.

Day Two begins at 8:30 a.m. Wednesday with a look at potential export areas for Energy NL member expertise and the clean fuels and lower carbon oil produced in Newfoundland and Labrador. There will also be an in-depth discussion on the pathway to net zero in the Newfoundland and Labrador offshore.

Session Three (8:30 a.m.): Enabling Net Zero: Newfoundland and Labrador Energy Leadership

Morning Keynote & Project Update

  • Honourable Seamus O’Regan, Minister of Labour & Seniors and MP for St. John’s South-Mount Pearl
  • Gary Murray, President and CEO, Newfoundland Power

Session Speakers

  • Astrid Jørgenvåg, Vice President Technical & Innovation, Altera Infrastructure
  • Katie Applebaum, Offshore Wind Commercial Lead, TGS
  • Frederic Schneider, Projects Director, Beicep Franlab

Session Four (10:30 a.m.) Beginning to Understand: Indigenous Participation in Resource Projects

Project Updates

  • Brent Miller, Vice President East Coast, Suncor Energy
  • Frank Davis, Managing Director, Pattern Energy

Session Speakers

  • Margaret Kenequanash, CEO, Wataynikaneyap Power
  • Chief Jenny Brake, Qalipu First Nation
  • Garry Best, President & CEO, Nunatsiavut Group of Companies

The afternoon will feature a keynote lunch discussion with David Cochrane, Host of CBC’s Power & Politics, hosted by CBC’s Krissy Holmes, along with the International Business Program focused on the Danish market.

“The Energy NL Conference & Exhibition 2024 got off to a great start with an overview of the sector that included supportive comments by Premier Andrew Furey and a deep dive into two significant projects. The presentations made during the second session on regulations were extremely informative and laid the foundation for the discussions yet to happen this week. Combined with the insightful comments of bp’s Michael Cohen, delegates received a broad picture of the sector and I look forward to building on that information tomorrow as we look into net zero and decarbonization and engaging Indigenous communities in energy projects.”

  • Charlene Johnson, Energy NL CEO

Further information on the Energy NL Conference & Exhibition 2024 program is available here.

Energy NL represents approximately 500 member organizations worldwide which are involved in the energy sector. Members are active in all areas of the supply and service sector and include a diverse representation of businesses that range from offshore supply vessels and helicopters, carbon reduction and sustainable technologies, health and safety equipment and training, engineering solutions and fabricators to law firms and human resource agencies.