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While Canada looks to attract Chinese investment, concerns over a possible environmental tax could have the potential to hinder investment in Canada in the future. We will monitor the developments in the coming national price on carbon emissions, as well as the talks of provincial carbon regulations.

Two major pipeline disruptions make headlines this week.
  1. The Tsleil-Waututh and Musqueam Nations jointly opposed the pipeline approval for the Woodfibre LNG site southwest of Squamish on Howe Sound earlier this week. The First Nations communities urge a reconsideration as the pipeline could destroy several significant archaeological sites.
  2. The Standing Rock Sioux Tribe in southern North Dakota sued federal regulators last month for approving the Dakota Access Pipeline, arguing it would affect drinking water and disturb sacred sites. Developers have halted work on part of the $3.7 billion pipeline. Calgary-based Enbridge, through its affiliate Enbridge Energy Partners, announced that it would acquire a 27.6% indirect interest in the Bakken pipeline system that includes the Dakota Access Pipeline.
Edmonton-based utilities' USA subsidiary Epcor makes its first acquisition in Texas. They spent $92 million on a Texas waterline purchase.
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Top Headlines
Canada Looks to Attract More Chinese Investment by Relaxing Rules
Canadian Finance Minister Bill Morneau said that the country is considering relaxing rules on foreign investment in order to attract more capital and spur growth. Morneau indicated that these loosened policies may even include restrictions on the ability of state-owned enterprises to invest in Canada, reports Bloomberg. These changes would have a particularly pronounced impact on Chinese foreign investment in Canada’s energy industry.
Oil & Gas 360 on Aug 22, 2016
Canada's 'Dirty Oil' Climate Change Dilemma
The oil sands, sometimes referred to as "dirty oil", have long been a target of climate change campaigners who insist that the energy-intensive extraction of oil sands and the greenhouse gas emissions it generates, mean most of the remaining deposits must stay in the ground.

But that is highly unlikely especially with an estimated 160 billion barrels lying beneath Alberta's soil.
Instead, Alberta's provincial government is introducing an economy-wide carbon tax from next year and a cap on greenhouse gas emissions.
That, along with Prime Minister Justin Trudeau's signing of the Paris Climate Agreement in April, is seen as real progress by some Canadians.

BBC on Aug 22, 2016
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Emerging News
EPCOR USA Enters Texas Market With Acquisition of 130 Pipeline
EPCOR Water (USA) Inc. (EPCOR USA), a wholly owned subsidiary of EPCOR Utilities Inc. (EPCOR), today announced that it has acquired the 130 Pipeline Project (130 Pipeline), a 53-mile wholesale water supply pipeline that delivers groundwater from Burleson County to eastern Travis County in the northeastern Austin, Texas metropolitan area.
"This acquisition is a natural extension of our U.S. business platform and builds off of our expertise in developing and providing water solutions in some of North America's most challenging arid environments," said Joe Gysel, President of EPCOR USA. "We are extremely pleased to be doing business in the state of Texas and look forward to developing and acquiring other similar businesses in the future."

Financial Buzz on Aug 22, 2016
Robix in Discussions With Key Stakeholders Impacted by Husky Energy Oil Spill in North Saskatchewan River and Provides Corporate Update
Robix announced today that it has initiated discussions on emergency response scenarios with numerous stakeholders impacted by the Husky Energy oil spill in the North Saskatchewan River. These discussions have been on-going since the oil spill occurred on July 20th, 2016 and have revolved around oil spill emergency preparedness, protection of the environment from oil related disasters, protection of the environment from municipal and industrial contamination, and water quality monitoring and environmental stewardship. Robix has launched the "CEO'S Blog", for the purpose of continuing to describe the pertinent activity of Robix in the development of stakeholder relationships. It can be found here.
Marketwired - Breaking News on Aug 17, 2016
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Legal Discussion
Canada: Significant Developments In Canadian Energy
For the month of July 2016, Dentons
Mondaq – Canada – Energy and Natural Resources on Aug 16, 2016
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Tsleil-Waututh oppose Fortis pipeline
The pipeline slated to power a $1.6-billion liquefied natural gas project poses a devastating risk to thousand-year-old cultural artifacts, according to two First Nations.

The Tsleil-Waututh and Musqueam Nations jointly opposed the pipeline approval for the Woodfibre LNG site southwest of Squamish on Howe Sound earlier this week.

The pipeline could destroy several significant archaeological sites, according to Tsleil-Waututh member Ernie George. However, George was reticent to identify the exact location or nature of the sites.

Business In Vancouver on Aug 19, 2016
Work halted on pipeline Enbridge spending $1.5-billion to buy into
Developers have halted work on part of a major pipeline project in North Dakota that Enbridge Inc. recently announced it would spend $1.5-billion (U.S.) to buy into.

The $3.7-billion Dakota Access Pipeline is set to run through four states and has faced protests and opposition over concerns about environmental impacts.

The Globe and Mail Energy and Resources on Aug 18, 2016
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Projects and Deals
Epcor expands water supply reach in United States with $92M Texas pipeline purchase
Epcor has expanded its water distribution services south of the border with its first acquisition in Texas.

The Edmonton-based utilities' USA subsidiary, which owns and operates more than 5,100 kilometres pipe infrastructure in 20 districts in the United States, purchased the infrastructure, associated contracts and debt for about $92 million ($71 million USD).

Edmonton Sun News on Aug 22, 2016
Marquee Energy Ltd. and Alberta Oilsands Inc. Announce Strategic Business Combination to Create a Well Capitalized Company With a Focused Oil Asset Base Positioned for Growth
Marquee Energy Ltd. ("Marquee") (TSX VENTURE: MQL) and Alberta Oilsands Inc. ("Alberta Oilsands") (TSX VENTURE: AOS) are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") whereby Alberta Oilsands will acquire all of the issued and outstanding common shares of Marquee (the "Marquee Shares") pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Immediately following the completion of the Arrangement, AOS will amalgamate with Marquee and the amalgamated company will adopt the name "Marquee Energy Ltd." ("New Marquee"). Under the terms of the Arrangement Agreement, holders ("Marquee Shareholders") of common shares in the capital of Marquee ("Marquee Shares") will receive, for each Marquee Share held, 1.67 common shares in the capital of Alberta Oilsands ("Alberta Oilsands Shares"). On completion of the Arrangement, Marquee Shareholders will own approximately 49% of the common shares of New Marquee. New Marquee will be led by the current management team of Marquee and the board of directors of New Marquee will include an equal number of the current directors of Marquee and of Alberta Oilsands, respectively.
Financial Buzz on Aug 19, 2016
Perisson Petroleum Completes Twining Oil and Gas Acquisition
Perisson Petroleum Corporation (“Perisson” or the “Company“) (TSX VENTURE:POG) is pleased to announce that the Company has completed the last stage of the closing process of the purchase of the Twining assets announced on May 19, 2016, by completing the final statement of adjustments related to the purchase. As a result, the Company made an additional payment of approximately $142,000 to the Receiver for the asset.

The Company has received its first oil and natural gas production and related revenues from these Canadian assets for the months of May and June 2016. Notwithstanding the current low oil and natural gas price environment, the assets generated positive cash flow for both months.

Additionally, the Company has purchased oil and gas rights on one and a quarter sections (approximately 800 acres, 400 net) of land as we continue to expand our land holdings and development opportunities in the Company’s core Twining area.

BOE Report » Headlines on Aug 18, 2016
MGX Minerals Triples Fox Creek Alberta Lithium Land Position- Acquires 133,000 Hectare Sturgeon Lake Project
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) is pleased to report the Company has entered into an Definitive Agreement (the “Agreement”) to acquire a 100% interest in the Sturgeon Lake Lithium Brine Property (“Sturgeon Lake” or the “Property”) located in west-central Alberta.

The Property is located directly south and west of the Town of Valleyview, approximately 85 km east of the city of Grande Prairie and 270 km northwest of the capital city of Edmonton, Alberta. The Property consists of 15 contiguous Industrial and Metallic Mineral Permits encompassing 132,773.74 hectares (328,091.06 acres).

The Newswire on Aug 18, 2016
Saturn Minerals Inc. Acquires 158 Sections of Oil & Gas Exploration Permits
Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) (“Saturn” or the “Company”) is pleased to announce the successful acquisition of 158 sections (41,000 hectares / 410 of Oil & Gas Special Exploration Permits (the “Permits”). The acquisition of these additional permit areas are the result of a technical evaluation of drilling programs carried out on the Bannock Creek property which have confirmed Saturn’s exploration model of Ordovician Red River source rock with large structural traps north of the Potash Restriction Zone, in the “Oil Triangle”. These permits fall within a geographic zone situated between the towns of Humboldt, Kamsack and Hudson Bay.
BOE Report » Headlines on Aug 16, 2016
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