Good morning! This is Queen Street Analytics' weekly roundup of regulatory developments, legislative discussions, political announcements and other government-related news concerning oil and gas production, wells, drilling, petroleum and fuels refining, pipelines, LNG, hydrocarbons, and all Landman fans. Every Monday, we break down the most important updates in this space in under five minutes.

Looking to elevate your organization's presence or streamline your approach to government relations with more data-driven solutions? Queen Street Analytics is here to help you achieve your goals: faster, smarter, and more effectively. Let's start the conversation. Reach us at contact@queenstreetanalytics.com to learn how we can support your success.

Start Date: 2025-05-04
End Date: 2025-05-10

Top Headlines

Main Stories

Tribunal Terminates Renewable Diesel Dumping and Subsidy Case Against U.S. Imports

The Canadian International Trade Tribunal determined there is no reasonable indication that U.S. renewable diesel imports have caused or threaten to cause injury to Canadian producers. The Tribunal's May 5 decision ends the preliminary injury inquiry initiated under the Special Import Measures Act, following an investigation by the Canada Border Services Agency. As a result, CBSA will cease its dumping and subsidy investigations, and there will be no final injury inquiry. The Tribunal acts independently, reporting to Parliament via the Minister of Finance, and handles trade cases, including those involving oil and gas sector products.

Sources: Announcements: www.canada.ca

Interim Order Expands Compulsory Pilotage for Crude Oil Tankers in Pacific Pilotage Authority Region

An interim order published in the Canada Gazette expands the definition and geographic scope of Area 2 under the Pacific Pilotage Authority, affecting crude oil transportation. Only laden crude oil tankers of 40,000+ deadweight tonnage are now subject to compulsory pilotage in the revised area, as defined by new coordinates. Ships must now include detailed cargo information in their notices. The order replaces a previous interim order from May 2024 and is set for automatic repeal 30 days after its issuance.

Sources: Gazette, Part I: www.gazette.gc.ca

Minister of Transport Cites Urgent Safety Reasons for Pacific Pilotage Authority Interim Order

On May 1, 2025, the Minister of Transport issued Interim Order No. 2 for Area 2 of the Pacific Pilotage Authority region, citing significant risks to safety, human health, or the environment linked to pilotage services. The order was enacted under the Pilotage Act, with provisions potentially to be formalized in regulation. The measure is presented as a response to an urgent issue involving crude oil tanker operations in Pacific coastal waters.

Sources: Gazette, Part I: www.gazette.gc.ca

Provincial Announcements

Ontario Minister of Energy and Mines Scheduled to Hold Media Briefing

Stephen Lecce, Ontario Minister of Energy and Mines, is scheduled to deliver remarks and host a media availability on May 8 in Clarington, Ontario. The session will be livestreamed with both English and French closed captioning.

Sources: Provincial Announcement: news.ontario.ca

Public Officials' Social Media

MP Jasraj Singh Hallan Reiterates Conservative Opposition to Bill C-69 and Production Cap

On May 8, MP Jasraj Singh Hallan stated on social media that Conservatives continue to oppose Bill C-69 and the federal oil and gas production cap, framing both as detrimental to Alberta's energy sector.

Sources: Social Media: x.com

MP Jasraj Singh Hallan Points to Alberta Energy Sector's Economic Contribution

MP Jasraj Singh Hallan noted on May 9 that Alberta's energy sector continues to contribute over $120 billion to the Canadian economy, despite policy challenges and project cancellations.

Sources: Social Media: x.com

MP Francesco Sorbara Comments on Narrowed Canada-U.S. Crude Oil Price Differential

MP Francesco Sorbara posted on May 4 that the price differential between Canadian and U.S. crude has recently fallen to under $10 a barrel, compared to around $18–$20 over the past decade.

Sources: Social Media: x.com

MP Adam Chambers Critiques Federal Energy Tax Policy During Inflation Crisis

On May 5, MP Adam Chambers questioned on social media why the federal government raised energy taxes during the inflation crisis, contrasting Canada's approach with other countries that reduced energy taxes.

Sources: Social Media: x.com

Senator Charles Adler Responds to U.S. Claims on Canadian Subsidies

Senator Charles Adler posted on May 5, disputing U.S. assertions that Canada is subsidized, and highlighted Canadian production of oil, gas, and electricity supplied to the U.S. market.

Sources: Social Media: x.com

What We're Reading This Week

• Vitess Energy: A Risky Bet in the Oil Sector?: Coverage discusses the investment profile and sector risks for Vitess Energy.
• Opinion: Carney should ease back on oil and gas restrictions: Editorial examines regulatory pressures in the Canadian oil and gas industry.
• Shell Considers BP Takeover as Oil and Gas Sector Navigates Turbulent Times: Report addresses M&A developments in the global oil and gas sector.
• Crude Oil WTI Micro (CYK26) Quote: Brief on recent WTI pricing and trading volumes.
• A look at the potential impact of tariffs on Alberta’s oil and gas sector (Global News): Segment explores possible effects of trade tariffs on Alberta producers.