Regulatory

New Offshore Liability Regime Effective February 26, 2016

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Courtesy of Osler. View original article here. The Energy Safety and Security Act (ESSA), passed in 2014 by the Harper government, introduced changes to the liability regimes governing Canada’s offshore oil and gas industries. These changes are slated to be effective on February 26, 2016, and include increasing the amount of security required to be provided to… [Read More…] about New Offshore Liability Regime Effective February 26, 2016

Towards the Creation of IT Security Standards for the Alberta Oil and Gas Industry

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Courtesy of Bennett Jones. View original article here. n its first public report of 2016, the Office of the Auditor General of Alberta reviewed, among other things, IT security for industrial control systems used in Alberta’s oil and gas industries (Report of the Auditor General of Alberta (PDF) from www.oag.ab.ca). Forming part of the industry’s… [Read More…] about Towards the Creation of IT Security Standards for the Alberta Oil and Gas Industry

Managing Aboriginal Risk for Resource Projects in Canada

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Courtesy of Osler. View original article here. Aboriginal issues are one of the most common sources of regulatory delay and uncertainty for new natural resource development projects in Canada, and are often the reason that regulatory approvals are quashed. It is therefore critical that proponents of natural resource development projects understand the legal requirements and… [Read More…] about Managing Aboriginal Risk for Resource Projects in Canada

Key Issues in Canadian Energy M&A for US Buyers

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Courtesy of Stikeman Elliott. View original article here. Although Canada is undergoing its most severe oil and gas downturn since 1998, it remains an important jurisdiction for oil and gas investment and will continue to import substantial amounts of capital and technical expertise from the United States in order to develop its considerable hydrocarbon potential.… [Read More…] about Key Issues in Canadian Energy M&A for US Buyers

PIPE Investments in Canadian Listed Oil & Gas Companies

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Courtesy of Stikeman Elliott. View original article here. A substantial private placement or “private investment in public equity” (a PIPE) involves the direct or indirect acquisition of a control position in a public company by an investor through the purchase of shares of the target and (in most cases) warrants or debentures that are convertible… [Read More…] about PIPE Investments in Canadian Listed Oil & Gas Companies

Alberta’s New Royalty Framework

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Courtesy of Osler. View original article here. On Friday, January 29, 2016, the Alberta government released the results of its Royalty Review Advisory Panel (the Panel), ending the considerable uncertainty that the announcement of the review first created. Much was riding on the outcome of the review, both economically for the oil and gas industry,… [Read More…] about Alberta’s New Royalty Framework

Alberta’s Modernized Royalty Framework

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Courtesy of Stikeman Elliott. View original article here. On January 29, 2016 Alberta’s NDP Government announced a summary of a Modernized Royalty Framework (MRF) that it intends to implement. During last spring’s election campaign, the NDP had promised to review the Province’s royalty system. The objective of this review was to design a royalty system that… [Read More…] about Alberta’s Modernized Royalty Framework

NAFTA Chapter Eleven: Can TransCanada Break the U.S. Shutout?

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Courtesy of Bennett Jones. View original article here. US investors have successfully used investor-state arbitration under the NAFTA when they have thought themselves wronged by the actions of governments in Canada or Mexico. But the United States itself has never lost a NAFTA investment arbitration. The United States’ record in NAFTA claims decided on the… [Read More…] about NAFTA Chapter Eleven: Can TransCanada Break the U.S. Shutout?

Corporate Governance in Challenging Times – Practical Tips for Directors in the Oil & Gas Sector

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Courtesy of Osler. View original article here. Directors of oil and gas companies, or those of companies with material exposure to the energy sector, face unprecedented challenges as they seek to guide their enterprises through a period of substantial market uncertainty. While the challenges corporate directors face are significant, the duties that they owe and… [Read More…] about Corporate Governance in Challenging Times – Practical Tips for Directors in the Oil & Gas Sector

Results of AER Dam Safety Inspections Released

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Courtesy of Alberta Energy Regulator. View original article here. Following commitments made after the Auditor General’s report on dam safety in Alberta, the Alberta Energy Regulator (AER) has released the results of its dam safety inspections held earlier this year. Containment structures like dams and liquid impoundments, including oil sands tailing ponds, coal tailings ponds, and… [Read More…] about Results of AER Dam Safety Inspections Released