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.

Want to track the upstream and downstream forces affecting Oil & Gas? Don’t miss this week’s updates in Utilities & Power and Mining.

Dates: 2025-08-17 to 2025-08-23

📋 In This Week's Newsletter

• 🇨🇦 Canadian Federal GR News
• 🇺🇸 US Federal GR News
• 🗺️ Canadian Provincial GR News
• 📚 What We're Reading This Week

Canadian Federal GR News

CBSA Initiates Dumping Investigation on Oil Country Tubular Goods from Multiple Countries

The Canada Border Services Agency (CBSA) has initiated an investigation under the Special Import Measures Act (SIMA) into alleged injurious dumping of oil country tubular goods from Mexico, the Philippines, certain producers in Türkiye and Korea, and specific U.S. producers, as of August 11. These tubular goods include casing, tubing, and green tubes used in oil and gas extraction, defined according to American Petroleum Institute specification 5CT and related standards.

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

Canadian International Trade Tribunal Starts Preliminary Injury Inquiry on Oil Tubular Imports

The Canadian International Trade Tribunal has launched a preliminary injury inquiry into whether the dumping of oil country tubular goods, as identified in the CBSA investigation, is causing, has caused, or threatens to cause injury to domestic producers. The inquiry covers goods meeting specific diameter and chemical composition requirements, originating from Mexico, the Philippines, selected exporters in Türkiye and Korea, and Tenaris S.A. in the United States, but with explicit product exclusions outlined in the notice.

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

StatsCan Publishes June Data on Oil and Gas Transportation and Storage

Statistics Canada has released June 2025 data sets on the transportation and storage of crude oil and other liquid petroleum products, as well as natural gas transmission, storage, and distribution. These data are now available for industry review. The information may inform analysis on midstream sector volumes, capacity utilization, and potential bottlenecks within the Canadian oil and gas network for the relevant period.

Sources: Open Government Data Set: www.statcan.gc.ca, Open Government Data Set: www.statcan.gc.ca

July Data on Refined Petroleum Products Production and Inventory Available

Production and inventory figures for refined petroleum products in Canada for July 2025 have been made available by Statistics Canada. Access to this data requires a request to StatsCan, and it provides details on throughput and inventory levels across Canadian refining operations for the month.

Sources: Open Government Data Set: www.statcan.gc.ca

StatsCan Releases Industrial Product and Raw Materials Price Indexes for July

The Industrial Product Price Index rose by 0.7% month over month in July 2025, and was up 2.6% compared to July 2024. The Raw Materials Price Index increased 0.3% month over month, up 0.8% on an annual basis. These price movements can affect project economics and cost structures within the Canadian oil and gas industry.

Sources: Open Government Data Set: www.statcan.gc.ca

Treaty One Nations Advance Naawi-Oodena Development with Federal Infrastructure Funding in Winnipeg

On August 21, the Honourable Mandy Gull-Masty, Minister of Indigenous Services, announced a further $789,490 in federal support for the Naawi-Oodena urban reserve development in Winnipeg, increasing total planning and training funding to approximately $5.5 million through both Crown-Indigenous Relations and Indigenous Services Canada. The Naawi-Oodena project, led by Treaty One Nations, is among the largest First Nation-led economic development zones in Canadian history and includes energy infrastructure components such as the recently opened Oodena Gas & Convenience Store.

Sources: Announcements: www.canada.ca, Announcements: www.canada.ca

US Federal GR News

PHMSA Finalizes Major Pipeline Safety Regulatory Update Incorporating 19 New Industry Standards

The Pipeline and Hazardous Materials Safety Administration (PHMSA) has published a final rule, effective January 10, 2026, amending pipeline safety regulations (49 CFR Parts 191, 192, 195) to incorporate by reference 19 revised industry standards. These updates cover voluntary technical specifications from organizations such as API, ASME, ASTM, NFPA, AMPP, and others, affecting areas ranging from design and fabrication of tanks, pipelines, and fittings to welding and corrosion assessment.

Sources: U.S. Federal Announcements: www.federalregister.gov

U.S.-EU Framework Agreement Features Major LNG Procurement and Energy Cooperation

The United States and European Union announced a framework agreement on August 21, aiming to enhance reciprocal trade and investment. The agreement features the EU’s elimination of tariffs on U.S. industrial goods and expanded access for U.S. agricultural products, while in turn, the United States will adjust certain tariffs on EU imports. Notably, the EU has committed to significant procurement of U.S. liquefied natural gas, alongside AI chips and defense equipment, with further commitments on energy security cooperation and mutual recognition of standards.

Sources: White House Announcements: www.whitehouse.gov

FERC Issues Environmental Assessment for North Lansing Gas Storage Expansion Project in Texas

On August 19, the Federal Energy Regulatory Commission (FERC) released an Environmental Assessment (EA) for the Gulf Coast Storage Expansion Project by Natural Gas Pipeline Company of America LLC. The project includes approximately 5.9 miles of 30-inch-diameter pipeline loop, new pigging facilities, and a 12,000 horsepower compressor at the North Lansing Storage Field in Harrison County, Texas.

Sources: U.S. Federal Announcements: www.federalregister.gov

Canadian Provincial GR News

Québec and California Conduct 44th Joint Carbon Market Auction

Québec’s Ministry of the Environment held its 44th joint greenhouse gas emission units auction with the California Air Resources Board on August 20, offering nearly 52 million current and almost 7 million advance emission units for sale.

Sources: Provincial Announcement: www.quebec.ca

Ontario Fines Brampton Company $144,000 for Furnace Explosion Injuries

Metex Heat Treating Ltd. was fined $144,000 following a furnace explosion that injured two workers; the Ontario Court found breaches of the Occupational Health and Safety Act regarding provision of protective gear.

Sources: Provincial Announcement: news.ontario.ca

What We're Reading This Week

• Cenovus, Enbridge accused of 'greenwashing' under securities law in what may be a first for Canada: Securities regulators are addressing accusations against key oil companies regarding the accuracy of climate-related disclosures.
• Group files greenwashing complaint with Alberta’s securities watchdog against Enbridge, Cenovus: An environmental group files a formal complaint against major Canadian oil firms tied to their public environmental claims.
• Citing rising costs and need, Maritime Electric amends its $427M fossil fuel generator plan: PEI’s main utility scales back a substantial fossil fuel generation project due to economic and operational considerations.
• ‘Seeds have been sown for the next major bull market in oil’: Eric Nuttall: Market commentary points to factors influencing a potential future upswing in global oil markets.
• Alberta’s Deep Sky Alpha facility is pulling carbon from the air in a risky political environment: A carbon removal project in Alberta faces policy uncertainty and fluctuating support for CCUS innovation.
• Alberta oilfield company sanctioned $450K for illegal storage of industrial sewage: Regulatory penalties imposed for improper management of industrial waste at an Alberta oilfield service provider.
• The Breakdown | Big tech wants you to wear AI + LNG export push: CBC feature covers LNG export efforts and broader sector shifts, alongside other technological themes.
• B.C. Energy Minister wants to lead in clean power at home while exporting fossil fuels abroad: British Columbia outlines an energy strategy focused on domestic clean power growth with ongoing export of fossil resources.
• Greenwashing Complaint Filed Against Canadian Fossil Fuel Companies: Still more reporting on sustainability communications scrutiny facing Canadian oil and gas players.

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