When Prime Minister Justin Trudeau visited Calgary earlier this year to listen to the oil industry, he met with the board of only one oil and gas organization, the Petroleum Services Association of Canada (PSAC). It’s been a tumultuous 12 months for the sector, with crashing oil prices, carbon and corporate tax hikes, and a royalty review that aims to incent more efficient production. For the services sector, it’s been a year of pivoting as producers prioritize lower costs and higher efficiency over speed of delivery. But it’s also provided opportunities, such as going overseas to earn stronger U.S. dollars in new markets, including India, Iran, Mexico and Colombia. The drive to reduce environmental impacts and slash production costs is both an opportunity and a challenge. Building pipelines to tidewater means building confidence in the industry’s technology, regulators and environmental performance during a time of unprecedented pushback by provinces and municipalities both east and west. As the CEO of PSAC, MARK SALKELD is at the forefront of those challenges during these turbulent times.
Mark Salkeld, CEO of the Petroleum Services Association of Canada