Industry Newsfeed

Cleanup Boost for Old Oil and Gas Sites to Create Jobs

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Courtesy of Alberta Energy. View original article here. Albertans will have a cleaner, safer environment and more jobs in the process thanks to a funding boost to address orphaned wells. The Alberta government has introduced legislation that would allow it to lend the Orphan Well Association (OWA) $235 million to speed up proper abandonment and… [Read More…] about Cleanup Boost for Old Oil and Gas Sites to Create Jobs

Transparency Initiatives in the Extractive Sector: ESTMA Reporting Deadline Approaching in Canada and Setbacks in the United States

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Courtesy of Bennett Jones. View original article here. The May 30, 2017, reporting deadline under the Extractive Sector Transparency Measures Act (ESTMA) is fast approaching. This annual reporting deadline under ESTMA applies to entities that: are listed on a Canadian exchange or meet the threshold size requirements (based on assets and revenues); are developing oil, gas and… [Read More…] about Transparency Initiatives in the Extractive Sector: ESTMA Reporting Deadline Approaching in Canada and Setbacks in the United States

The Timing of Major Energy Project Reviews

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

Review of Old Wells to Protect Albertans, Environment

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Courtesy of Alberta Environment. View original article here. The province is working with industry and experts to find ways to better protect Albertans and the environment by improving policies for managing old oil and gas facilities.  Subject matter experts and key stakeholders will take part in roundtable discussions on improving the management of historic, current… [Read More…] about Review of Old Wells to Protect Albertans, Environment

AER to appeal Redwater decision to Supreme Court of Canada

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Courtesy of Alberta Energy Regulator. View original article here. The Alberta Energy Regulator (AER) will be seeking leave to appeal to the Supreme Court of Canada a recent Alberta Court of Appeal decision. In the 2-1 Alberta Court of Appeal decision, the majority dismissed the AER’s appeal of a Court of Queen’s Bench decision allowing… [Read More…] about AER to appeal Redwater decision to Supreme Court of Canada

All Wells May Not End Well: Alberta Court of Appeal Rules that Receivers and Trustees Can Orphan “Bad” Wells

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Courtesy of Stikeman Elliott. View original article here. In a much anticipated decision, a 2-1 majority of the Alberta Court of Appeal(the ABCA) has upheld the Alberta Court of Queen’s Bench (ABQB) decision in Re Redwater Energy Corporation, 2016 ABQB 278. The ABCA found in favour of receivers, trustees and secured creditors on the basis that the Bankruptcy and Insolvency… [Read More…] about All Wells May Not End Well: Alberta Court of Appeal Rules that Receivers and Trustees Can Orphan “Bad” Wells

Regulating in the Green Era: the AER Rules Land Disturbance Not Justifiable by Short-term Economic Advantage of New Pipeline

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Courtesy of Borden Ladner Gervais. View original article here. In January 2017, in ABAER 001 – Bonavista Energy Corporation A Regulatory Appeal of Two Well Licences and an Application for a Pipeline Gilby Field (Bonavista case), the Alberta Energy Regulator (AER) issued the first of its decisions for 2017 confirming two horizontal gas well licenses it issued… [Read More…] about Regulating in the Green Era: the AER Rules Land Disturbance Not Justifiable by Short-term Economic Advantage of New Pipeline

Ontario Cap-and-Trade Update: Auction, Decision and Proposal

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Courtesy of McCarthy Tetrault. View original article here. Quarterly Auction Kick-Off On March 22nd, 2017, the Ontario Government held the first quarterly auction for emission allowances under the Cap-and-Trade Program. As we previously reported, the Ontario Government indicated that it expects to raise $1.9B yearly from the sale of emission allowances. The first auction generated $472,031,155 in proceeds… [Read More…] about Ontario Cap-and-Trade Update: Auction, Decision and Proposal

Canada’s Stock Exchanges Favour Natural Resource Issuers

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Courtesy of Bennett Jones. View original article here. Canada is recognized as the world’s leading capital market for natural resource companies. Its stock exchanges boast over half of the world’s public mining companies and over one-third of the world’s public oil and natural gas companies. Canadian stock exchanges also present a recognized destination for foreign… [Read More…] about Canada’s Stock Exchanges Favour Natural Resource Issuers

AESO Kicks Off Renewable Electricity Program

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Courtesy of Osler. View original article here. On March 31, 2017, the Alberta Electric System Operator (AESO) kicked off the Request for Expressions of Interest (REOI) phase of the Renewable Electricity Program (REP) (described below). Proponents interested in participating in the first round of the REP must submit their completed Expression of Interest form (EOI Form) by… [Read More…] about AESO Kicks Off Renewable Electricity Program