Oil & Gas

Fifteen Key Legal Developments for Oil & Gas Companies

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Courtesy of Stikeman Elliott. View original article here. Following are key developments in Canadian law from the fourth quarter of 2016, relevant to the oil and gas industry. The fourth quarter brought a number of developments in the legal landscape, particularly in the regulation of public M&A, the approval of two key pipelines, and the emergence… [Read More…] about Fifteen Key Legal Developments for Oil & Gas Companies

Fairness Opinions After InterOil

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Courtesy of Osler. View original article here. The Supreme Court of Yukon recently issued its reasons for approving Exxon Mobil’s acquisition of InterOil [PDF], which closed on February 22, 2017.  The original $2.3 billion arrangement was blocked by the Yukon Court of Appeal on the basis that it was not fair and reasonable, in large part due to the… [Read More…] about Fairness Opinions After InterOil

What Are the Implications for Boards of Directors in Light of the Redwater Decision?

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Courtesy of Borden, Ladner Gervais. View original article here. From the public policy standpoint, there has been a shift towards more environmental stewardship in Canada, evidenced by heightened media attention on environmental issues and by an expanded legal framework relating to the management of environmental liabilities. For example, directors may be personally liable for violation… [Read More…] about What Are the Implications for Boards of Directors in Light of the Redwater Decision?

Optimism, More Activity Mark Royalty Review Anniversary

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Courtesy of Alberta Energy. View original article here. Rig counts across Alberta have risen substantially compared with this time last year as economic activity and jobs return in the energy sector. The increased activity is taking place one year after the Alberta government announced its modernized royalty framework, which encourages industry to innovate and reduce… [Read More…] about Optimism, More Activity Mark Royalty Review Anniversary

Quebec’s New Petroleum Resources Act

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Courtesy of Stikeman Elliott. View original article here. In the early hours of Saturday, December 10, 2016, a bleary-eyed Quebec National Assembly voted 62 to 38 to adopt Bill 106, An Act to implement the 2030 Energy Policy and to amend various legislative provisions. The Minister of Natural Resources and Wildlife had introduced the bill on… [Read More…] about Quebec’s New Petroleum Resources Act

SCC Denies Ernst a Claim for Damages Against the Alberta Energy Regulator

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Courtesy of BD&P. View original article here. Introduction On January 13, the Supreme Court of Canada (the SCC) released its long-awaited decision in Ernst v. Alberta Energy Regulator1 (Ernst). Splitting 5-4 on the result, a plurality of the Court endorsed the principle that quasi-judicial administrative bodies, like the Alberta Energy Regulator (the Regulator), must be… [Read More…] about SCC Denies Ernst a Claim for Damages Against the Alberta Energy Regulator

Supreme Court of Canada Dismisses Appeal Challenging the Alberta Energy Regulator’s Immunity Provisions

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Courtesy of Stikeman Elliott. View original article here. On January 13, 2017, the Supreme Court of Canada released its judgment in Ernst v Alberta Energy Regulator, dismissing the appellant’s claim against the Alberta Energy Regulator (AER) for damages for alleged breaches to her right to freedom of expression under section 2(b) of the Charter. Nevertheless, as we… [Read More…] about Supreme Court of Canada Dismisses Appeal Challenging the Alberta Energy Regulator’s Immunity Provisions

BC LNG – Waiting for the World to Change

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Courtesy of Stikeman Elliott. View original article here. February 2013 was the height of optimism regarding the LNG export facilities that were being proposed for the West Coast of British Columbia. At that time almost 20 projects of varying sizes were at different stages of development. The province released budget papers that included a forecast… [Read More…] about BC LNG – Waiting for the World to Change

Québec Passes New Legislation Governing Clean Energy and Oil and Gas Exploration

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Courtesy of Borden, Ladner and Gervais. View original article here. Introduction On December 10, 2016, the Québec National Assembly passed Bill 106: An Act to implement the 2030 Energy Policy and to amend various legislative provisions (“Bill 106”). Bill 106 enacts or amends various pieces of legislation relating to clean energy and oil and gas exploration in… [Read More…] about Québec Passes New Legislation Governing Clean Energy and Oil and Gas Exploration

Modernized Royalty System Ready for the New Year

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Courtesy of Alberta Energy. View original article here. Alberta’s modernized royalty framework for new oil and gas wells will come into effect Jan. 1, 2017 and will include two new programs to encourage industry to explore new areas and boost production. With the approval of a series of regulatory changes, Alberta’s Modernized Royalty Framework is… [Read More…] about Modernized Royalty System Ready for the New Year