Oil and gas in Canada

Bennett Jones LLP

With deep knowledge of the energy industry, Bennett Jones LLP is frequently engaged in the most significant oil and gas-related mandates for a host of private and public-sector stakeholders, including lenders, project developers, and major corporations. Clients benefit not only from core transactional expertise, but also the team’s ability to handle the structuring and development of large-scale projects and complex regulatory issues, most notably permitting and enforcement matters. Also noteworthy is the department’s experience in negotiating joint venture development agreements in relation to First Nations participation and treaty lands. The team is under the joint leadership of two partners based in Calgary: Vivek Warrier , who specialises in project development and M&A in the oil and gas sector, and Shawn Munro , whose areas of focus include regulatory and environmental aspects of energy projects. David Bursey is a preeminent energy regulatory lawyer in Vancouver. Other notable practitioners in Calgary include Donald GreenfieldLoyola Keough, and Lawrence Smith, all of whom have a wealth of experience in regulatory proceedings, and Patrick Maguire, who is seasoned in industry-related commercial transactions.

Practice head(s):

Shawn Munro; Vivek Warrier

Key clients

ATCO Ltd.

Canadian Natural Resources Limited (CNRL)

Cenovus Energy Inc.

Gibson Energy

Ovintiv

MEG Energy Corp.

Murphy Oil Company Ltd.

North West Redwater Partnership

Ontario Teachers’ Pension Plan Board

Parkland Fuel Corporation

Pembina Pipeline Corporation

Repsol S.A

Schlumberger Production Management

Statoil Canada Ltd.

Kinder Morgan

Secure Energy

Tourmaline Oil Corp.

Work highlights

  • Assisted Cenovus Energy Inc. on its $23.6bn proposed acquisition of Husky Energy Inc.
  • Advised OPTrust on the formation and financing of a partnership with six Alberta First Nations which in turn participated in the equity syndication and project financing of the $1.5bn Cascade Power Project.
  • Advised ATCO Gas and Pipelines Ltd. on a purchase and sale agreement to acquire the Pioneer Pipeline from Tidewater Midstream & Infrastructure Ltd. and its partner TransAlta Corporation for a purchase price of C$255m.

Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP  handles an impressive volume of transactional work in the oil and gas sector, and is routinely involved in industry-shaping M&A transactions, investments and projects spanning the entire value chain. While M&A, joint ventures and financing deals are without a doubt a core strength, the team is also well-positioned to act for private and public-sector clients on energy regulations and project-related environmental and indigenous law issues. Based in Calgary, Keith Byblow steers the team on an array of corporate matters, including M&A and strategic partnerships involving the oil and gas industry. He receives key support from Christine Milliken, who plays an integral role in high-profile transactions. On the regulatory side, Terri-Lee Oleniuk manages a team of seasoned practitioners acting for clients before regulatory agencies across the country. Other names to note in the Calgary office include Mungo Hardwicke-Brown and Ben Rogers, the both of whom have broad transactional practices, and Lars Olthafer, who focuses on land issues regarding pipelines.

Key clients

TC Energy Corporation

Suncor Energy Inc.

Ceres Global AG Corporation

Pembina Kinder Morgan Canada (Jet Fuel) Inc.

Pembina Pipeline Corporation

Stittco Utilities Man. Ltd.

TransGas Limited

Painted Pony Energy Ltd.

Jupiter Resources Ltd.

Husky Energy Inc.

Shell Canada Energy Ltd.

Work highlights

  • Advised TC Energy on its sale of a 65% equity stake in the Coastal GasLink Pipeline Project to KKR and AIMCo and the concurrent execution of a joint venture arrangement and a credit agreement providing non-recourse project-level financing to fund the majority of construction costs for the project.
  • Advising Kinder Morgan on the C$4.35bn acquisition of KML and the Cochin pipeline system by Pembina Pipeline Corporation.
  • Advised Suncor on its participation in the British Columbia Utilities Commission Inquiry into Gasoline and Diesel Prices in British Columbia and related hearing for the Confidential Information Framework for fuel data reporting pursuant to the Fuel Price Transparency Act.

Osler, Hoskin & Harcourt LLP

The oil and gas team at Osler, Hoskin & Harcourt LLP has the breadth of knowledge to handle a range of transactional matters for a variety of stakeholders throughout the value chain. With combined expertise in significant oil and gas projects and transactions, regulatory matters, land use, environmental and indigenous law issues, the department is adept at assisting major exploration and production companies, private equity funds, mid-market energy players, lenders and multi-party consortiums in the entire scope of oil and gas mandates. Janice Buckingham, who is proficient in M&A, project development and contractual issues, oversees the practice with Martin Ignasiak  , who leads on regulatory proceedings and approval of projects. Shawn Denstedt primarily focuses on the natural resource industry, including pipeline, oil sands and LNG project development. All named practitioners are based in the Calgary office.

Other key lawyers:

Shawn Denstedt; Sander Duncanson

Torys

Despite the challenges facing the oil and gas sector, Torys continues to be involved in market-leading transactions in the upstream, midstream and downstream segments. Recent market developments saw the team increasingly assist clients with strategies to alleviate balance sheets, rationalise assets and pay down debt. Standing out for its cross-border capabilities, the practice is often engaged by international oil and gas companies in relation to M&A, joint venture agreements, and project-related mandates, with a particular focus in Africa. Primarily focused on transactional work and project development, Derek Flaman manages the group, which is also skilled in regulatory matters, capital raisings and financings. Clients turn to Chris Christopher for advice on their commercial projects and asset deals relating to conventional, LNG, oil sands and shale projects. Both practitioners sit in the Calgary office.

Practice head(s):

Derek Flaman

Testimonials

‘The strengths and key capabilities include seamless teamwork, strong business acumen, excellent drafting and analytical skills and a high degree of responsiveness.’

‘Derek Flaman and Peter Danner at Torys have exceptional skills in a number of key areas, including negotiation of major transactions, issue assessment and resolution, strong business acumen and strategic guidance, great industry knowledge and a high degree of client responsiveness. They also employ exceptional colleagues such as Amy Maginley to ensure seamless teamwork, legal analysis and fast deal completion. This makes them our preferred team to work with on large transactions.’

‘Incredibly deep knowledge in both oil and gas as well as electricity areas (including electricity regulatory). Commercially minded, very engaged, responsive.’

‘Chris Christopher makes you feel like you are their best and only client.’

‘Peter Danner is thorough and understands the business side very well. He is tireless in his work ethic and doesn’t make mistakes. He has a calm demeanor and can work under demanding conditions.’

Key clients

TC Energy Corporation

Suncor Energy Inc.

Ceres Global AG Corporation

Pembina Kinder Morgan Canada (Jet Fuel) Inc.

Pembina Pipeline Corporation

Stittco Utilities Man. Ltd.

TransGas Limited

Painted Pony Energy Ltd.

Jupiter Resources Ltd.

Husky Energy Inc.

Shell Canada Energy Ltd.

Inter Pipeline Ltd.

Crescent Point Energy Corp.

LNG Canada Development Inc.

Husky Midstream LP

Africa Oil Corp.

Africa Energy Corp.

Decklar Petroleum

Burgess Energy Holdings

Tag Oil Limited

Superior Plus

CNOOC Oil Sands Canada and Sinopec Oil Sands Partnership

Enbridge Inc.

Work highlights

  • Advised Crescent Point Energy on the C$500m sale of certain associated gas infrastructure assets in Saskatchewan to Steel Reef Infrastructure Corp.
  • Advised LNG Canada Development on its arrangements with TransCanada Corporation to design, build, own and operate the C$6.6bn Coastal GasLink Pipeline Project.
  • Advising Africa Oil on its farmout agreement with Azinam Limited to acquire a 20% participating interest and operatorship in the exploration right for Block 3B/4B, offshore South Africa.

Burnet Duckworth & Palmer LLP

Oil and gas sector-related mandates are a core strength for Burnet Duckworth & Palmer LLP, which provides comprehensive services to industry corporations, private equity investors and state-owned companies on their transactional activity in Canada and internationally. Based in Calgary, the practice is seasoned in the full scope of transactions, including M&A, joint ventures and pipeline projects, and has equal capabilities in regulatory matters. Practice head Carolyn Wright marries an impressive transactional track record with industry-specific knowledge, and expertise in project development and indigenous law. Large-scale joint venture development agreements relating to oil sands, LNG and pipeline projects are among Alicia Quesnel‘s key fields of activity.

Practice head(s):

Carolyn Wright

Testimonials

‘The team explains things in layman terms and always looks for the most efficient solution. They have excellent tax lawyers who are very knowledgeable with corporate taxation.’

‘The lawyers we work with are practical and always find the most effective and inexpensive solutions. When working with them, it is obvious they really care about their clients.’

‘The local focus of this non-national firm gives it the ability to focus its perspective on local economy, specific competitive trends and strong expertise in this market.’

‘Expertise in oil and gas law, financings and other relevant commercial items.’

‘Personal relationship with clients. Feel like a friend not just a customer. Carolyn Wright is a safe pair of hands.’

Key clients

ARC Resources Ltd.

Dow Chemical Canada ULC

Enbridge Inc.

Inter Pipeline Ltd.

Ovintiv Canada ULC

Alberta Petroleum Marketing Commission

Tourmaline Oil Corp.

TransAlta Corporation

USD Group LLC

Whitecap Resources Inc.

Work highlights

  • Advising Ovintiv Canada ULC on its agreement with PetroChina Duvernay Gas Partnership (PCC) to terminate their 2012 Duvernay shale joint venture.
  • Advising Headwater Exploration Inc. on the acquisition of Cenovus Energy’s Marten Hills upstream assets for gross proceeds of $100m.
  • Advising APMC on the Alberta Government’s agreement to provide financial support to Calgary-based TC Energy Corporation to facilitate the critical completion of the KXL pipeline.

Norton Rose Fulbright

Norton Rose Fulbright‘s international footprint and significant presence across Canada make it a popular destination for both domestic and international oil and gas clients seeking assistance with large midstream and downstream transactions, oil sands developments and LNG projects. Green energy is an area of increased focus for the department, as traditional oil and gas companies look at new ways of incorporating sustainable elements into their operations. Clients benefit from a multi-jurisdictional energy transition team that able to guide them on regulatory and policy changes. Department head Ryan Keays  is a key contact for asset acquisitions and divestitures in the oil and gas sector; his practice also focuses on joint venture agreements, royalty and operational matters. Robert Froehlich  is a standout oil and gas practitioner, who manages a multi-billion dollar workload. Wayne W. Fedun  is noted for project-related agreements, and Don Davies specialises in regulatory and litigation matters. All team members are based in Calgary.

Practice head(s):

Ryan Keays 

Testimonials

‘The team responded very well to a complex assignment on an expedited timeline. Their ability to manage the complexity of various aspects of the deal, and to do so as quickly as they did while maintaining high quality work would have been a challenge for most of their peers in the Canadian energy market.’

Key clients

i3 Energy PLC

Enbridge Pipelines Inc.

Brookfield

PETRONAS

Crescent Point Energy Corp.

Imperial Oil Limited

Paramount Resources Ltd.

Pieridae Energy Ltd.

Black Swan Energy Ltd.

Tidewater Midstream and Infrastructure Ltd.

Keyera Corp.

Wolf Pipeline Inc. and its portfolio companies (Wolf Midstream, Wolf Carbon Solutions Inc., and Access Pipeline Inc.).

Tervita Corporation

Work highlights

  • Advising Tervita Corporation on its merger with SECURE Energy Services Inc.
  • Advised Royal Bank of Canada as the joint lead arranger and joint book runner on financing TC Energy’s Coastal GasLink Pipeline.
  • Advised Brookfield Infrastructure and its institutional partners on its acquisition of Enbridge Inc.’s Canadian natural gas gathering and processing business in the Montney, Peace River Arch, Horn River and Liard basins in B.C. and Alberta for C$4.31bn.

Stikeman Elliott LLP

Leveraging its overarching market-leading M&A, banking and capital markets expertise and also benefiting from a deep understanding of the oil and gas sector throughout the value chain, Stikeman Elliott LLP is equipped to assist clients with their most challenging transactions and regulatory matters. The practice, which is noted for its experience in oil and gas private equity deals, and midstream project development and financing, experienced a recent increase in consolidation and insolvency-related work in the wake of the pandemic and collapsed oil prices earlier on in the year. Frederick Erickson is well-regarded for his transactional expertise, covering high-value M&A transactions and joint ventures. He leads the department, which is based in Calgary and also includes Chrysten Perry QC. Perry is singled out for her long-standing experience in the sector, most notably in investments and large-scale LNG and oil sands projects. Dennis Langen  is the name to note for regulatory matters spanning all industry segments.

Practice head(s):

Chrysten Perry QC

Borden Ladner Gervais LLP

Borden Ladner Gervais LLP‘s oil and gas lawyers balance a busy workload with a significant proportion of its matters involving regulatory issues, litigation and corporate transactions in the sector, with an emphasis on the midstream segment. On the contentious front, the group has the ability to assist oil and gas clients in disputes involving court and administrative proceedings. Peter Bryan in Calgary leads the national oil and gas group; he primarily advises on sector-related financing, M&A and projects. Also in the Calgary office, Alan Ross is skilled at handling national and provincial regulatory proceedings, while Michael Marion oversees the litigation offering. Vancouver-based Rick Williams assists clients with a mix of environmental law, indigenous issues, and dispute resolution.

Other key lawyers:

Randall Block; Karen Salmon

Work highlights

  • Advising LNG Canada Development Inc. on all operational and regulatory (federal and provincial) aspects of its $40bn LNG Export Terminal in Kitimat, British Columbia.
  • Representing CEPA in a constitutional reference case from the Alberta Court of Appeal.
  • Advising ConocoPhillips on the Canada Energy Regulator’s review and approval of NOVA Gas Transmissions Ltd.’s  application to construct and operate the North Corridor Expansion Project.

Dentons

Based in Calgary, Dentons‘ oil and gas team is able to work through all aspects of a transaction, whether it be in the context of M&A, energy finance and joint venture structuring. Project development and energy regulations are also among the team’s core specialisms. The practice, which has notable strength in the midstream and petrochemical industries, is jointly led by three highly-regarded energy partners: Michael Hurst, who leads on transactional work involving oil and gas assets, financing and structuring of greenfield projects; Bernard Roth, who is a contact for regulatory matters and administrative proceedings; and George Antonopoulos, whose experience encompasses commercial transactions and large-scale projects. Laura K. Estep  regularly guides clients throughout all stages of the regulatory process.

Other key lawyers:

Laura K. Estep ; Hazel Saffery 

Testimonials

‘The Dentons energy practice team have provided end to end advice for a transaction that has involved divestment of oil and gas assets, environmental regulatory issues, emerging legislation and policy, insolvency, securities law as well as several other practice areas. Their advice has been seamless, informed, well thought out and always right on point.’

‘George Antonopoulos is a key problem solver during complex negotiations, advising on corporate commercial strategy and evaluating options and opportunities.’

‘Hazel Saffery assists with novel approaches, emerging policy, and general advice for how to manoeuver within regulatory constraints. She has excellent knowledge of commercial and regulatory issues.’

Key clients

Enbridge Inc.

Pembina Pipeline Corporation

Kingston Midstream (formerly Tundra Energy Marketing Limited)

Cenovus Energy Inc. (combined with Husky Energy Inc. in 2020)

Enhance Energy

BP Canada Energy Group ULC

Suncor Energy Inc.

Syncrude Canada Ltd

Meritage Midstream

Shell Canada

PETRONAS Canada

Carbon Engineering Ltd

Work highlights

  • Advised Cenovus on the sale of its Marten Hills Assets to Headwater Exploration Inc.
  • Advising International Petroleum Corp on its all-cash acquisition of Granite Oil Corp.
  • Advising PetroChina Canada on its agreement with Ovintiv Canada ULC to terminate their 2012 Duvernay shale joint venture and partition the ownership and operation of the Duvernay joint venture assets between them.

Fasken

Forming a key part of the firm’s global energy group, Fasken‘s oil and gas team showcases a very strong track record in regulatory proceedings, in which it acts for clients before government agencies and at all court levels. In addition to core oil and gas matters, the practice is sought after for its proficiency in approval processes, environmental requirements, ESG matters and indigenous law aspects of energy projects. Matthew Ghikas, who is noted for his extensive experience in energy regulations and litigation, oversees the oil and gas department, is a key name to note in Vancouver. The department is led by Ron Ezekiel and André Turmel in Vancouver and Montreal, respectively.

Practice head(s):

Ron Ezekiel; André Turmel

Other key lawyers:

Matthew Ghikas

Key clients

Marathon Petroleum Canada Trading & Supply (Marathon)

FortisBC Energy Inc.

Parkland Corporation.

Plains Midstream Canada ULC

Work highlights

  • Advising Marathon on the Enbridge Pipelines Inc. application for Canadian Mainline Contracting Proceeding.
  • Advising FortisBC Energy Inc on its $800m Liquefied Natural Gas storage project, including with respect to obtaining the necessary regulatory approval from the BC Utilities Commission.
  • Advised Plains Midstream Canada ULC on all aspects of a share and asset swap transaction with Inter Pipeline Ltd.

McCarthy Tétrault

Overseen by Calgary-based oil and gas practice chairs Brian Bidyk and Kerri Howard, McCarthy Tétrault is well placed to advise industry conglomerates, emerging producers and operators on transactional and project-related mandates. Leveraging the firm’s strong corporate and M&A capabilities, the team is particularly well suited to handling asset acquisitions and dispositions, joint ventures, financings and restructurings. Kimberly Howard brings together in-depth knowledge of energy regulations, commercial matters and project development.

Practice head(s):

Brian Bidyk; Kerri Howard

Other key lawyers:

Gordon Nettleton ; Kimberly Howard; Jamie Gibb

Key clients

Shell Canada

Crescent Point Resources Partnership

Suncor Energy Inc.

Element Technical Services

Enbridge Inc.

Inter Pipeline

TORC Oil & Gas

Tidewater Midstream and Infrastructure

Husky Energy

BHE Canada, a Berkshire Hathaway Energy Company

Surge Energy Inc.

Anegada Oil Corp.

PrairieSky Royalty Ltd.

AltaGas Ltd.

Work highlights

  • Advised TORC Oil & Gas Ltd. on its all-stock strategic combination with Whitecap Resources Inc. in a deal valued at C$4bn.
  • Advised Husky Energy Inc on tax aspects of its C$3.8bn all-stock combination with Cenovus Energy.
  • Advised Surge Energy Inc. on a strategic C$106m asset sale with a positive credit facility re-determination.

Gowling WLG

Gowling WLG attracts instructions from public and private clients across the entire oil and gas sector, seeking support in relation to asset acquisitions and dispositions, pipeline projects and expansions, and proceedings before regulators. Leading the practice from Calgary, Lorne Rollheiser has a significant background working with exploration and production companies in the development of upstream and midstream projects. Domestic and cross-border M&A transactions are other typical mandates for the practice head, who receives key support from energy regulatory expert James Smellie.

Practice head(s):

Lorne Rollheiser

Other key lawyers:

James Smellie; Adriana da Silva Bellini; Joshua Jantzi

Testimonials

‘The depth and breadth of the energy regulation expertise is outstanding.’

Key clients

EOG Resources Inc.

Cenovus Energy Inc.

Acting for shareholders for Canadian Casing Accessories Inc.

Paytah Services Inc.

CGL First Nations Limited Partnership

Macquarie Energy Canada Ltd.

FEC Resources Inc.

Industrial Gas Users Association (IGUA)

Government of Alberta – Alberta Environment and Parks Cherokee Canada Inc. and 1510837 Alberta Ltd.

Delta Clean Tech

Aura Power Renewables

EPCOR

Plains Midstream

Pipestone Energy Corp.

Work highlights

  • Advising Cenovus on the application of Enbridge to convert its Mainline from common to contract carriage.
  • Representing Kirby Offshore Marine LLC in proceedings related to a marine oil spill that took place off the coast of British Columbia.
  • Advised EOG Resources on the disposition of its entire interest in China and its exit from the country.