Category: Oil & Gas

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Suncor Clears Important Hurdle in Implementation of Random Alcohol and Drug Testing in Alberta

May 30, 2016

Employers seeking to introduce random alcohol and drug testing in hazardous work environments have reason to be optimistic following the recently released decision in Suncor Energy Inc. v. Unifor Local 707A. Justice D.B. Nixon held that the decision of the three-member arbitration panel (Panel) to reject Suncor Energy Inc.’s (Suncor) proposed implementation of random alcohol and drug testing in its…

Employer Obligations During the Fort McMurray Wildfire

May 25, 2016

The devastating impact of the wildfire that continues to burn throughout northern Alberta has left those directly affected with unanswered questions relating to sources of income and financial stability. Many workplaces have either ceased operations indefinitely or no longer exist. The situation has many employers asking about their duties to employees in these circumstances. This bulletin is a summary of…

AER Seeks to Hold Directors, Officers Personally Liable for Obligations of Insolvent Corporate Licensees

May 9, 2016

The Alberta Energy Regulator (AER) recently released Bulletin 2016-10 (Bulletin), as a reminder to directors and officers of corporate holders of AER oil and gas well licences (Licensees) that they may be personally responsible for the statutory obligations of the Licensee when it enters insolvency proceedings or otherwise ceases operations. The AER’s traditional position has been that the failure of…

Alberta Budget 2016: Climate Leadership Plan Implementation

April 21, 2016

Alberta’s Climate Leadership Plan (Plan) was released on November 22, 2015. The Plan represented a dramatic and fundamental shift in Alberta’s approach to climate change and greenhouse gas (GHG) issues, including to achieve the government’s stated objective of gaining support and “social licence” for the pipeline takeaway capacity needed to support Alberta’s oil and gas production and export industries. With…

Quebec’s Energy Policy: Ambitious Energy Goals for 2030

April 11, 2016

After extensive public consultations, the Government of Quebec announced Quebec’s energy policy for 2016–2030 (Policy) on April 7, 2016. By focusing on energy efficiency, innovation and renewable energy, the Policy aims to transition towards a low-carbon economy that will help fight climate change. Environmental organizations, businesses and First Nations thus far seem to be in favour of the Policy. The…

Legal Trends 2016: Restructuring & Insolvency

April 6, 2016

ONE | OIL AND GAS SECTOR Amid the protracted drop in oil prices and the decline of the Canadian dollar relative to the U.S. dollar, capitalizing on distressed opportunities in the oil and gas sector in a low-risk jurisdiction, such as Canada, has never been more attractive. These combined circumstances have resulted in approximately US$112-billion worth of oil and gas…

Legal Trends 2016: Private Equity

March 31, 2016

ONE | OILPATCH PORTFOLIO MANAGEMENT AND OPPORTUNITIES Between June 2014 and December 2015, the price of a barrel of oil was cut roughly in half, resulting in a significant downturn in the earnings of companies with businesses connected to the oil industry. Private equity (PE) firms with portfolio companies that have operations in or exposure to Alberta and Canada’s energy…

Opportunities for U.S. Private Equity in Canada’s Energy Sector

March 14, 2016

The Canadian energy sector represents a unique investment opportunity for private equity investors seeking to invest in, or acquire outright, established energy assets at a discount to historical prices. The ability to capitalize on the discounted debt of oil and gas companies in a low-risk jurisdiction like Canada has never been more attractive. One of the many factors that make…

Legal Trends 2016: Oil & Gas

March 9, 2016

ONE | LOW COMMODITY PRICES As depressed oil prices continue to dominate the headlines and natural-gas prices hover near record lows, sustained low commodity prices have had a cascading effect on the industry, compelling companies to fundamentally alter their business strategies. Cash-flow management is among the areas most impacted. Without a steady income stream, companies are left with few options….

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