"We are at a stage where our strategic deployment of thousands of monitors along with satellite reconnaissance now delivers exceptional market transparency." - David Francoeur, chief marketing officer, Genscape
Alberta, Calgary, Canada (PRWEB) June 09, 2014
Genscape, the leading global provider of fundamental data for commodity and energy markets, today announces its strategic partnership with Calgary-based Global Petroleum Show.
“We are delighted that the Global Petroleum Show has chosen Genscape, its sister company, to help educate global audiences as to the value of real-time monitoring across the oil and gas supply chain,” said David Francoeur, chief marketing officer for Genscape. “We are at a stage where our strategic deployment of thousands of monitors along with satellite reconnaissance now delivers exceptional market transparency.”
For the first time, Genscape will host three educational sessions at the Global Petroleum Show, highlighting its proprietary data with expert commentary and analysis. All are free to attendees but require an RSVP: https://petroleumshow.wufoo.eu/forms/genscapes-north-american-market-outlook/.
North American Crude Production Forecast, June 10, 8-10 a.m., Room 100A, Stampede Park, BMO Centre, Breakfast Session:
The North American crude oil market is currently a supply driven market with accelerating production growth in the U.S. and Canada at the forefront. Production in North America has grown 1.2 MMb/d over the last year and is expected to increase at a faster pace through 2015. Presenters will deep dive into Canadian production to discuss where growth is occurring, how much production to expect from unconventional and oil sands activity, and how the limited transportation capacity market could impede output growth.
Changing Logistics for Crude Oil Transportation in North America, June 11th, 2014 8-10 a.m., Room 100A, Stampede Park, BMO Centre, Breakfast Session:
During the past several years, there have been significant changes to North American crude transportation and storage logistics. The market went from having limited outbound transportation from the U.S. Midwest, specifically Cushing, OK, to the U.S. Gulf Coast refining complex to a surplus of takeaway capacity because of new pipelines and crude-by-rail loading facilities. These transport capabilities are changing the flow of crude, including Canadian oil sands grades, into new markets, significantly impacting storage dynamics.
Keynote Presentation: Shale Changes Everything – Market Outlook for Natural Gas, NGLs and Crude Oil in North America, Presenter: Rusty Braziel, RBN Energy, June 11th, 2014 3-5 p.m., Room 100A, Stampede Park, BMO Centre, Cocktail & Hors D’Oeuvres Reception:
Increased production activity in the prolific Marcellus/Utica shales is driving total U.S. natural gas to record volumes. It’s important to understand how this trend could reshape Canadian natural gas and NGL markets. With rising gas production in the U.S. what will happen to the Canadian natural gas surpluses? The presentation will review the cause of a 50% decline in Canadian natural gas exports into the U.S. and the potential resulting impacts, including: the use of natural gas in new gas-fired power generation and industrial capacities and an increase in NGL production with surpluses being exported to Latin America, Europe and Asia/Pacific markets. Additionally, with U.S. and Canadian crude oil production exceeding pipeline capacity, the presentation will discuss the major shift to rail transportation and Canada’s need for significant investment in crude-by-rail facilities to move oil to market.
About Genscape
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain first-mover advantage, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com.