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Nova Scotia Premier to Speak at World Energies Summit in London
Premier Tim Houston heads to the World Energies Summit in London on September 29-30 to pitch Nova Scotia's offshore oil, gas and wind potential to global energy leaders.
Why it matters
Nova Scotia is positioning itself as a stable energy partner at a moment of global uncertainty, pitching its offshore oil, gas and wind potential to international investors at the industry's top upstream gathering.
Full report
Nova Scotia Premier Tim Houston will speak to global oil and gas sector leaders and decision-makers in London this week about the province's potential to help meet their energy needs, the provincial government announced September 28.
Houston is attending the World Energies Summit, a global conference focused on upstream priorities in the oil and gas industry that brings together governments, energy companies and investors. He will deliver remarks on energy security in an era of strategic competition and meet with energy leaders during the two-day mission on Tuesday and Wednesday, September 29-30.
"Nova Scotia is paving the way for major projects and new trade opportunities at a time when the world is searching for stable and reliable trade partners and energy sources," said Premier Houston. "The world needs to know that Nova Scotia is ready to do business. We're ready to develop our natural resources safely and responsibly, so we can unlock our potential, defend our sovereignty and protect families from a global affordability crisis."
The province says its energy file has gained momentum since last year's summit: two offshore parcels attracted bids totalling $210 million to explore for oil and natural gas; the federal government agreed to Houston's request for a regional assessment for offshore oil and gas exploration, expected to be completed by the end of this year; and the province launched a $30-million Subsurface Energy Research and Development Investment Program with Dalhousie University to evaluate onshore natural gas resources.
Nova Scotia also released Wind West, a plan to develop Canada's first offshore wind energy projects. At least eight proponents have pre-qualified to participate in the regulator's upcoming call for bids. According to the province, Nova Scotia holds an estimated 148 trillion cubic feet of natural gas and 49 billion barrels of oil potential offshore, plus a potential seven trillion cubic feet of recoverable natural gas onshore.
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