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

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Dates: 2026-03-15 to 2026-03-21

📋 In This Week's Newsletter

• 🏛️ This Week's Parliamentary Calendar
• 🇨🇦 Federal Government News
• 🗺️ Provincial Government News
• 📚 What We're Reading This Week

This Week's Parliamentary Calendar

• HOUSE OF COMMONS: Environment and Sustainable Development – Industrial Carbon Pricing Study (Mar 24): The Standing Committee on Environment and Sustainable Development will hear from the Pembina Institute, Canadian Taxpayers Federation, and others on industrial carbon pricing on March 24, 3:30–5:30 p.m., Wellington Building.
• HOUSE OF COMMONS: Natural Resources – Canadian Energy Exports (Mar 24): The Committee on Natural Resources will meet March 24 from 11 a.m.–1 p.m. to receive testimony on Canadian energy exports, including input from Inuit Tapiriit Kanatami and Hydrogen Canada Corp.
• HOUSE OF COMMONS: Transport, Infrastructure and Communities – Truck Drivers and Ports (Mar 23): The Transport Committee will discuss the trucking workforce and modernization of ports on March 23, 11 a.m.–1 p.m. Sessions will feature Canada Post and the Association of Canadian Port Authorities.
• SENATE: Energy, Environment and Natural Resources – Newfoundland Offshore Petroleum Industry (Mar 24, in camera): The Senate committee meets in camera March 24 to examine Newfoundland and Labrador’s offshore petroleum sector and consider future agenda items.
• SENATE: Energy, Environment and Natural Resources – Federal Sustainable Development Strategy/2030 Emissions Reduction Plan (Mar 26, in camera): The Senate will convene March 26, 8 a.m., to review endangered wildlife status and federal emissions reduction progress, with witnesses from the Office of the Auditor General.

Federal Government News

Minister Hodgson to Represent Canada at CERAWeek, Houston

Natural Resources Minister Tim Hodgson will travel to Houston for CERAWeek, engaging with global energy leaders and media from March 23-24. Activities include the Canada House grand opening, an Alberta natural gas roundtable, media interviews, and panels on building Canada's energy future and capital flows into infrastructure. Topics for discussion include energy infrastructure, funding mechanisms, and Canada's evolving position in global oil and gas markets. The itinerary incorporates interactions with both domestic and international stakeholders, providing a platform for policy messaging around Canada’s natural resources sector. The delegation's presence at CERAWeek comes during heightened volatility in global energy markets and ongoing debates about Canada’s LNG export trajectory.

Sources: www.canada.ca

New StatsCan Data: Refined Petroleum Production and Inventories, February 2026

Statistics Canada released data on the production and inventories of refined petroleum products for February 2026. The data is available by request and covers refineries nationwide. These figures contribute to industry analysis on supply-demand dynamics and downstream inventory management. Sector participants typically use this information to allocate operations, monitor market conditions, and anticipate seasonal adjustments.

Sources: www.statcan.gc.ca

January 2026 Energy Transportation and Storage Survey Published

Statistics Canada’s Monthly Energy Transportation and Storage Survey for January 2026 is now available. The data series reports on crude oil and liquid petroleum transportation and storage, providing insight into midstream system volumes and stock changes at the beginning of the year. Market observers frequently use this dataset to map logistical patterns and trace inventory build-ups or drawdowns across the sector.

Sources: www.statcan.gc.ca

Industrial and Raw Materials Price Indexes, February 2026

The Industrial Product Price Index climbed 0.4% month-over-month and 5.4% year-over-year in February. Raw Materials Price Index saw a 0.6% month-over-month increase, rising 8.6% compared to the previous year. Fluctuations in these indexes inform input costs for manufacturers and reflect evolving pressures in the energy supply chain. The ongoing increases have implications for operations reliant on petroleum-based materials and align with broad upward trends observed in international energy commodity pricing.

Sources: www.statcan.gc.ca

Monthly Mineral Production and Refining Update: January 2026

Statistics Canada’s Monthly Mineral Production Survey, alongside the Survey of Smelters and Metal Refineries, reported January 2026 figures. The surveys cover aggregate mining and refining output, including byproducts relevant for oilfield operations and associated petrochemicals. Regular updates in mining and refining statistics support forecasting for both energy production requirements and ancillary industrial supply.

Sources: www.statcan.gc.ca

Provincial Government News

Property Tax Accountability Strategy Targets Unpaid Oil and Gas Taxes in Alberta

A new Alberta report proposes 17 measures for better collection of unpaid oil and gas property taxes, including expanding authority for the Alberta Energy Regulator and faster removal of insolvent assets from tax rolls.

Sources: www.alberta.ca

Alberta Supports Oilfield Equipment Manufacturing Expansion

Exceed (Canada) Oilfield Equipment Inc. will expand its Nisku facility with provincial support, bolstering domestic manufacturing and supply chain stability for energy sector equipment.

Sources: www.alberta.ca

Québec and California Schedule Next Joint Cap-and-Trade Auction

Québec’s environment ministry and the California Air Resources Board announced a joint auction for emission units will occur May 20, 2026, with application deadlines set for April 20.

Sources: www.quebec.ca

Nova Scotia Premier to Promote Provincial Energy at CERAWeek

Premier Tim Houston will meet with energy industry leaders at CERAWeek in Houston, aiming to advance investment in Nova Scotia’s oil, gas, and offshore resources.

Sources: news.novascotia.ca

What We're Reading This Week

• Canada expanding LNG exports but positioned to fall short of Ottawa’s goals: Article assesses the federal government’s LNG targets in the context of current export growth.
• B.C. Insider: A second chance in the global LNG race: Report details B.C.'s current LNG sector opportunities.
• Boosting oil production could ramp up Canada’s GDP and jobs, study suggests: Study link between pipeline expansion projects and impacts on jobs and GDP.
• How can Canada protect itself amid a global oil and gas crisis?: Overview of options as energy supply risks persist.
• Opinion: Endless war and global recession: Can you feel the looming dread?: Commentary on how Middle East instability weighs on global energy prices.
• Opinion: The Hormuz crisis instantly exposed the risks of rolling back green and cleantech agendas: Analysis of how geopolitical events impact renewable energy momentum.
• Canada’s unemployment rate rises, IEA’s record oil stockpile release and Carney’s Northern major projects: Must-read business and investing stories: Brief on the latest Canadian oil sector, labor, and investment headlines.
• 'From Oil to Energy Justice: A Community Conversation to Build an Equitable Energy Transition': Media coverage of grassroots energy transition discussions.

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