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: 2026-02-02 to 2026-02-08

📋 In This Week's Newsletter

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

This Week's Parliamentary Calendar

• Senate BANC to Review Budget Bill C-15 Provisions and Bill S-3 Trade Measurement Reform: On February 11, 2026, the Senate Banking, Commerce and Economy Committee will examine sections of Bill C-15 (Budget 2025 Implementation Act) and Bill S-3 (trade measurement amendments), with witnesses from the Canadian Fuels Association and Sub-metering Council of Ontario.
• Senate ENEV to Hear Testimony on Newfoundland Offshore Petroleum Industry: The Senate Energy and Environment Committee is scheduled for February 12, 2026, to take up Newfoundland and Labrador’s offshore petroleum sector with testimony from Unifor Local 2121 and Fisheries and Oceans Canada.
• Senate ENEV to Discuss Climate Change and Oil and Gas Industry: The Standing Senate Committee on Energy, Environment and Natural Resources will hold an in camera session on February 10, 2026, to review climate change and Canada’s oil and gas industry, including a draft report.
• Senate BANC to Conduct Clause-by-Clause on Bill S-3: On February 12, 2026, the Banking, Commerce and Economy Committee will hold a clause-by-clause review of Bill S-3 with legal specialists from the University of Calgary.
• House INDU to Examine Budget 2025 Implementation Bill Provisions: The House Industry and Technology Committee will meet on February 9, 2026, to review clauses of Bill C-15 (Budget 2025 Implementation Act), with Minister Mélanie Joly and senior Industry department officials, followed by a report session on productivity and capital outflow.

Federal Government News

CBSA Initiates Anti-Dumping Investigation on Oil and Gas Well Casing from Austria

On February 2, 2026, the Canada Border Services Agency (CBSA) opened an investigation into the alleged dumping of certain oil and gas well casing imports from Austria at prices below fair market value. The action follows a complaint filed by Tenaris Canada, which asserts that dumped imports are undercutting Canadian producers through price depression, lost sales, and overall diminished market share. Under the Special Import Measures Act, the CBSA assumes responsibility for reviewing the dumping allegations, while the Canadian International Trade Tribunal (CITT) conducts a parallel inquiry to determine whether injury to domestic industry has occurred. The CBSA’s preliminary decision is scheduled for May 4, 2026; the CITT is expected to reach a preliminary injury determination by April 3, 2026. At stake are ongoing supply chain dynamics and competitive conditions for tubular goods in Canada’s upstream sector.

Sources: www.canada.ca

CITT Launches Preliminary Inquiry into Austrian Oilfield Casing Imports

The Canadian International Trade Tribunal initiated a preliminary injury inquiry on February 3, 2026, in relation to a dumping complaint from Tenaris Canada regarding Austrian-made oil and gas well casing. As required by the Special Import Measures Act, the CITT will assess whether there is credible evidence of injury or threat thereof to Canadian producers. A decision on reasonable indication of injury or threat is expected by April 2, 2026. If injury is suggested, CBSA will issue its own preliminary ruling by May 1, 2026. The proceeding is open to participation from interested parties, associations, and governments by formal notice to the Tribunal.

Sources: www.canada.ca

Senate Energy Committee Debates Newfoundland Offshore Petroleum, Renewable Transition, and Indigenous Consultation

At its February 5, 2026 meeting, the Senate’s Standing Committee on Energy, the Environment and Natural Resources reviewed Newfoundland and Labrador’s offshore oil sector, featuring testimony from Sierra Club Canada, with Executive Director Gretchen Fitzgerald advocating for a government-backed transition toward renewables and reduced fossil fuel dependency. Discussion addressed renewable reliability, energy storage, job impacts, and the viability of hydrogen exports. Mi'gmawe'l Tplu'taqnn Inc. representatives, including Legal Counsel Derek Simon, presented their legal challenge to the Bay du Nord project, citing incomplete consultation with Mi'kmaq communities. Senators raised questions about balancing oil and gas with new energy sources, while witnesses detailed the legal framework for Indigenous-led impact assessments and referenced ongoing litigation concerning Crown consultations on major projects.

Sources: senparlvu.parl.gc.ca

Senate Banking Committee Reviews Bill S‑3: Updates to Weights and Measures and Inspection Acts

On February 5, 2026, the Senate’s Banking, Commerce and Economy Committee evaluated Bill S-3, which aims to modernize the Weights and Measures Act and Electricity and Gas Inspection Act. Senator Toni Varone described the proposed reforms, including expanded use of sampling for device certification, virtual inspections, and harmonization with international standards. Officials from Innovation, Science and Economic Development Canada addressed the shift toward longer statutory review periods and device recertification protocols. The Canadian Gas Association flagged the need for regulatory clarity during transition, while Measurement Canada provided perspectives on enforcement, compliance, and consumer protection. Extended inspection cycles for gas meters and digital instrument cybersecurity concerns were also outlined.

Sources: senparlvu.parl.gc.ca

StatsCan Issues Natural Gas Financial Survey for 2024

Statistics Canada published its annual Natural Gas Financial Survey for 2024, providing data on the financial performance and operating conditions of Canadian transport and distribution firms in the sector. The release offers quantitative benchmarks on sector activity and financial health relevant for infrastructure owners, lenders, and market analysts.

Sources: www.statcan.gc.ca

StatsCan Releases Machinery and Equipment Price Index—November 2025

The Machinery and Equipment Price Index (base year 2016=100) for November 2025 was released by Statistics Canada. Updated input cost data in this index inform procurement strategies and capital expenditure planning for oilfield, downstream, and transportation equipment operators.

Sources: www.statcan.gc.ca

Canadian System of Environmental–Economic Accounts: Energy and GHG Intensities Data for 2022

Statistics Canada published data indicating that, in 2022, the Canadian economy consumed 3.75 gigajoules per $1,000 of output (direct and indirect energy intensity). Associated greenhouse gas emissions were 0.26 tonnes CO2-equivalent per $1,000 of output. These demand-based measures provide context for sector productivity and environmental compliance evaluations.

Sources: www.statcan.gc.ca

CanNor Announces $200,000 in Funding to Support Yukon Mineral and Energy Innovation

On February 4, 2026, the Canadian Northern Economic Development Agency pledged $200,000 to two Yukon firms. Capital Exploration Ltd. will acquire aeromagnetic survey equipment to strengthen local mineral exploration, while Solvest Inc. will test and deploy a modular battery energy storage system (PowerPod) aimed at remote energy reliability and reducing diesel dependence. The funding targets enhanced capacity and regional supply chain participation in frontier energy activities.

Sources: www.canada.ca

Natural Resources Canada Schedules Energy Innovation Funding Announcement

Parliamentary Secretary Claude Guay is scheduled to announce new funding in support of Canadian energy innovation on February 4, 2026, at the ÉnergiQ Conference in Montreal. The event targets industry stakeholders, with media registration required through Natural Resources Canada.

Sources: www.canada.ca

Provincial Government News

Ontario Opens Application Process for Commercial-Scale Carbon Storage Projects

Ontario began accepting applications for commercial geologic carbon storage projects on February 2, 2026, introducing a new regulatory framework to support operators seeking to advance decarbonization and industrial competitiveness.

Sources: news.ontario.ca

Ontario Court Sentences Former Property Owner for Environmental Protection Act Violations

A property owner in South Bruce Peninsula was sentenced to 90 days in jail and fined $80,000 after being convicted of multiple violations under the Environmental Protection Act stemming from persistent hydrocarbon contamination at a former gas station site.

Sources: news.ontario.ca

Alberta Schedules Transport of Super-Heavy Chemical Reactor

A 485,263 kilogram pressure vessel designed for gasoline and diesel production will be transported from Edmonton to Fort Saskatchewan between February 8 and 10, 2026, affecting regional traffic and supply chain logistics.

Sources: www.alberta.ca

Alberta Delegation Heads to Oregon to Strengthen Energy and Trade Ties

Alberta MLAs will meet Oregon state officials February 8–11, 2026, during the Pacific NorthWest Economic Region capital visits to discuss energy cooperation, economic corridor development, and bilateral trade.

Sources: www.alberta.ca

New Brunswick Releases Update on Progress Towards Greenhouse Gas Reduction Targets

New Brunswick surpassed its greenhouse gas intensity target by 18% and exceeded energy efficiency targets for homes and businesses by 71%, according to new data released by Minister Gilles LePage on February 2, 2026.

Sources: www2.gnb.ca

Government Consultations

IAAC Consultation Open on Marshdale Natural Gas Power Project

The Impact Assessment Agency of Canada invites public and Indigenous input on the Marshdale Natural Gas Power Generation Facility Project until February 9, 2026.

Sources: iaac-aeic.gc.ca

IAAC Consultation Open on Salt Springs Natural Gas Power Project

The Impact Assessment Agency of Canada is collecting feedback on the Salt Springs Natural Gas Power Generation Facility Project, with comments due by February 9, 2026.

Sources: iaac-aeic.gc.ca

What We're Reading This Week

• Bulk of $30M natural gas program at Dalhousie aimed at incentives for developers: Most funding in a Dalhousie natural gas initiative will support incentives for project developers.
• Oilpatch leaders warn Ottawa's new carbon-pricing proposal lacks real-world 'business sense': Oilpatch executives express concerns over Ottawa’s carbon price proposal.
• From Alberta's oilfields to geothermal drilling in Scarborough: How the changing energy sector is fuelling a better life for workers: Feature on workforce transition from oilfields to geothermal projects.
• Alberta premier sees several options for new oil pipeline to feed Asia: Alberta premier discusses future pipeline routes for Asian exports.
• Kuwait to Open Up Key Oil Fields, Pipelines to Foreigners: Kuwait to allow foreign investment in selected oil assets.
• A Smart Win for Canada, Alberta, and First Nations--the Kitsault Energy Project: News feature on the Kitsault Energy Project and partnerships.

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