Oil & Gas

A Steady Judicial Tune Resonates Uncertainty: Federal Court of Appeal Orders Canada to Re-Consult on Trans Mountain Pipeline Expansion Project Approvals

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Courtesy of Stikeman Elliott. View original article here. Canada once again faces uncertainty in relation to the Trans Mountain pipeline expansion project (TMX), which itself is a harbinger of the continued unpredictability surrounding the state of Canada’s regulatory landscape for major energy infrastructure projects as a whole. This latest installment in uncertainty arises due to the recent… [Read More…] about A Steady Judicial Tune Resonates Uncertainty: Federal Court of Appeal Orders Canada to Re-Consult on Trans Mountain Pipeline Expansion Project Approvals

Federal Energy Project Reviews: Timelines in Practice

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Courtesy of Stikeman Elliott. View original article here In recent years the timelines to complete Canadian regulatory reviews of proposed major projects – and particularly environmental assessments which are the key part of the project review process – have become a major political issue. Over the last decade or so, project proponents have consistently raised… [Read More…] about Federal Energy Project Reviews: Timelines in Practice

Falling Markets and Canadian Exits Illustrate Transaction Activity in the Oil and Gas Sector

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Courtesy of Stikeman Elliott. View original article here. The following is an adapted summary of data provided in Stikeman Elliott LLP’s Canadian Oil & Gas 2017 Annual Review. Overview 2017 was another turbulent year in the oil and gas sector. The regulatory and economic climates for oil and gas continued to shift quickly throughout the… [Read More…] about Falling Markets and Canadian Exits Illustrate Transaction Activity in the Oil and Gas Sector

Gross Overriding Royalty as Interest in Land – the Clear Language Conundrum Continues

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Courtesy of Borden Ladner Gervais. View original article here. In 2002 the Supreme Court of Canada, in Bank of Montreal v Dynex Petroleum Ltd, 2002 SCC 7 (Dynex) affirmed that gross overriding royalty interests (GOR) could constitute interest in land provided the parties so intended and that intention was sufficiently evidenced in an agreement. The case-by-case application of Dynex appears to… [Read More…] about Gross Overriding Royalty as Interest in Land – the Clear Language Conundrum Continues

Operators Take Note: Stricter Liability Management Regime is Proposed in British Columbia

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Courtesy of Stikeman Elliott. View original article here. A stricter oil and gas liability management regime may soon be in effect in British Columbia. The BC government recently introduced Bill 15 (the “Bill”) in response to the growing number of oil and gas sites in BC with insolvent operators (“Orphan Sites”). The abandonment and restoration… [Read More…] about Operators Take Note: Stricter Liability Management Regime is Proposed in British Columbia

Target 2030 and Beyond: BC Government Unveils Legislation to Update Greenhouse Gas Reduction Targets

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Courtesy of McCarthy Tetrault. View original article here. On May 7, 2018, the BC government unveiled Bill 34, the Greenhouse Gas Reduction Targets Amendment Act, 2018, which updates the province’s greenhouse gas (GHG) emissions reduction targets. The bill repeals the Greenhouse Gas Reduction Targets Act (GGRTA), passed by the former Liberal government in 2007, and replaces it with… [Read More…] about Target 2030 and Beyond: BC Government Unveils Legislation to Update Greenhouse Gas Reduction Targets

Bill 12: Preserving Canada’s Economic Prosperity Act

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Courtesy of Bennett Jones. View original article here. On April 16, 2018, the Government of Alberta introduced Bill 12: Preserving Canada’s Economic Prosperity Act (Bill 12 or the Act). Bill 12 proposes to give the Alberta Minister of Energy (Minister) sweeping powers to control the export of natural gas, crude oil, and refined fuels from… [Read More…] about Bill 12: Preserving Canada’s Economic Prosperity Act

Joint Operations & Insolvent Operators: Change of Operatorship During a Receivership

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Courtesy of Osler. View original article here. On February 21, 2018, the Alberta Court of Queen’s Bench released its decision in Firenze Energy Ltd. v. Scollard Energy Ltd., 2018 ABQB 126 (Scollard)[1].  This case considered the effect of an operator’s formal insolvency proceedings (and the stay that typically arises in such proceedings) on the non-operating working… [Read More…] about Joint Operations & Insolvent Operators: Change of Operatorship During a Receivership

Updates to Energy Diversification Act Investment Programs

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Courtesy of Bennett Jones. View original article here. This week, the Alberta government announced additional details with respect to three primary investment programs pursuant to the proposed Energy Diversification Act. Petrochemicals Diversification Program As part of its second round of the Petrochemicals Diversification Program, the Alberta government will invest up to $500 million in royalty credits… [Read More…] about Updates to Energy Diversification Act Investment Programs

Canadian Oil – No Easy Way Out

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Courtesy of Stikeman Elliott. View original  article here. In its Report on Canada’s Energy Future 2017 (“2017 Report”), the National Energy Board makes energy supply and demand projections for the roughly quarter century period running from 2016 to 2040. While the key findings in the 2017 Report are noteworthy on their own, they also highlight the long-term… [Read More…] about Canadian Oil – No Easy Way Out