OVERVIEW & EXPERTISE

 

​The global financial markets’ gradual recovery since 2008 continues to dovetail with unprecedented levels of interest in Canada's resource sector. The result has been an explosion of M&A activity in the Canadian energy industry, marked by the return of financial buyers and strategic investors pursuing acquisitions in order to increase earnings and gain both operational and technological expertise.

There is every reason to think this trend will accelerate and expand. Mega-deal activity is set to continue in the Canadian energy sector, characterized by creative deal structures such as partnerships, joint ventures, minority investments and long-term supply arrangements.

Price and valuation volatility, along with debt and liquidity issues, will significantly affect M&A, consolidation and divestitures activity. Despite signs of financial recovery, the gap between buyers’ and sellers’ expectations will likely lead to more unsolicited and hostile bids. Legal loopholes and market underperformance will drive greater shareholder activism. Foreign energy companies continue to enter Canada and will change the nature and practices of our domestic industry.

In this rapidly fluctuating environment, Blakes is proud to boast an extraordinary depth of talent and resources in the energy/finance field. More than 100 M&A lawyers and more than 100 energy law practitioners throughout our Canadian and overseas offices constitute an exceptional cross-border capability for our clients every day. We believe that no other firm can combine our expertise in M&A, competition, securities, tax and environmental law with our thorough understanding of the oil and gas industry’s business and legal environment.

Representative Matters:

  • Represented Daylight Energy Ltd. on its C$2.2-billion acquisition by China Petrochemical Corporation, known as Sinopec Group
  • Assisted Suncor Energy Inc. on its purchase and sale of interests in the Fort Hills and Joslyn mining projects and in the Voyageur (U3) upgrader with Total E&P Canada Ltd., and on related development and operating agreements. Further assisted Suncor with its strategic merger with Petro-Canada
  • Advised UTS Energy Corporation on its C$1.5-billion plan of arrangement with Total E&P Canada Ltd. whereby Total acquired UTS Energy
  • Supported TriStar Oil & Gas Ltd. with its C$2.8-billion acquisition by Petrobank Energy and Resources Ltd, thereby creating a new publicly listed company named PetroBakken Energy Ltd.
  • Counsel to Nexen Inc. on its C$735-million acquisition of an additional 15 per cent interest in the Long Lake oil sands joint venture project and the joint venture lands from OPTI Canada Ltd.
  • Advised Sinopec International Petroleum Exploration and Production Corporation on its C$4.65-billion purchase of ConocoPhillips' interest in the Syncrude joint venture. The Syncrude joint venture is the largest oil sands venture in the world, that includes surface mining, extraction and upgrading, and has been in production for over 30 years
  • Counsel to Cliffs Natural Resources Inc. on its C$240-million acquisition of Freewest Resources Canada Inc., which was supported by Freewest as superior to an unsolicited take-over bid by Noront Resources Ltd.
  • Represented Pure Energy Services Ltd. in its strategic merger with Canadian Sub-Surface Energy Services Corporation
 

 PEOPLE

 
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Chair, Saudi Arabia and Middle East | Al-Khobar, Bahrain, Riyadh
Al-Khobar: +966-13-847-5050 x9321
Bahrain: +973-1715-1500
Riyadh: +11-418-7444
Areas of Expertise: Competition & Antitrust, Foreign Investment, International Trade, Litigation & Dispute Resolution, Infrastructure, Oil & Gas, Middle East, Nuclear Energy, Major Projects, Oil Sands, LNG, Transportation, Mergers, Acquisitions & Divestitures
Partner | Montréal
Montréal: 514-982-4025
Areas of Expertise: Energy, Banking, Commercial Real Estate, Financial Services, Construction, Infrastructure, Oil & Gas, Pension Fund Investment, Plan Nord, Debt Capital Markets, Structured Finance & Derivatives, Transportation, Major Projects, Downstream & Marketing, Mergers, Acquisitions & Divestitures
Associate | Calgary
Calgary: 403-260-9704
Areas of Expertise: Energy, Joint Venture & Co-ownership Structuring, Mergers, Acquisitions & Divestitures, Pipeline & Midstream, Oil Field Services, E&P Conventional, E&P Unconventional, Mergers & Acquisitions, Corporate & Commercial, Transportation, Major Projects, LNG, Oil Sands, Downstream & Marketing
Partner | Calgary
Calgary: 403-260-9622
Areas of Expertise: Energy, Mergers & Acquisitions, Corporate & Commercial, Oil & Gas, Power, Infrastructure, Transportation, E&P Unconventional, Joint Venture & Co-ownership Structuring, Mergers, Acquisitions & Divestitures, Pipeline & Midstream
Associate | Calgary
Calgary: 403-260-9658
Areas of Expertise: Corporate & Commercial, Mergers & Acquisitions, Oil & Gas, Power, Energy, LNG, Mergers, Acquisitions & Divestitures, Pipeline & Midstream
Associate | Calgary
Calgary: 403-260-9637
Areas of Expertise: Energy, Power, Corporate Governance, Mergers & Acquisitions, Oil & Gas, Middle East, Major Projects, Joint Venture & Co-ownership Structuring, Mergers, Acquisitions & Divestitures, Pipeline & Midstream
Partner | Calgary
Calgary: 403-260-9612
Areas of Expertise: Corporate Governance, Oil & Gas, Mining, Power, Energy, Infrastructure, Mining M&A and Capital Markets, Mergers, Acquisitions & Divestitures, Pipeline & Midstream
Partner | Calgary
Calgary: 403-260-9724
Areas of Expertise: Corporate & Commercial, Capital Markets, Energy, Oil & Gas, Restructuring & Insolvency, Equity Capital Markets, Automotive, Investment Funds, Investment Vehicles, Mergers, Acquisitions & Divestitures
Chair | Calgary, Toronto
Calgary: 403-260-9610
Toronto: 416-863-2150
Areas of Expertise: Capital Markets, Mergers & Acquisitions, Oil & Gas, Energy, Restructuring & Insolvency, Australia, Africa, Europe, Middle East, Latin America, Equity Capital Markets, Pension Funds Investment, Investment Funds, Investment Vehicles, Major Projects, Mergers, Acquisitions & Divestitures, Cannabis, Credit Unions
Office Managing Partner | London
London: +44-20-7429-3555
Areas of Expertise: Mergers & Acquisitions, Mining, Oil & Gas, Infrastructure, Australia, Africa, Capital Markets, Europe, Equity Capital Markets, Debt Capital Markets, Corporate Governance, Mining Lending, Mining Streaming & Royalties, Mining M&A and Capital Markets, Mergers, Acquisitions & Divestitures
Partner | Toronto
Toronto: 416-863-3184
Areas of Expertise: Australia, Foreign Investment, Competition Litigation, Aviation/Aerospace, China, Technology, Misleading Advertising, Financial Services, Manufacturing, Oil & Gas, Energy, Retail & Consumer Products, Life Sciences, Competition & Antitrust, Abuse of Dominance & Reviewable Matters, Cartels & Criminal Investigations, Competition Law Compliance, Merger Review & Control, E-Discovery/SIRs, Mergers, Acquisitions & Divestitures
Partner | Calgary
Calgary: 403-260-9674
Areas of Expertise: Mergers & Acquisitions, Energy, Oil & Gas, Infrastructure, Food, Beverage & Agribusiness, Hospitality & Leisure, Construction, United States, Transportation, Major Projects, LNG, Downstream & Marketing, E&P Conventional, E&P Unconventional, Oil & Gas, Mergers, Acquisitions & Divestitures, Pipeline & Midstream
Partner | Calgary
Calgary: 403-260-9744
Areas of Expertise: Energy, Mergers & Acquisitions, Corporate & Commercial, Oil & Gas, Infrastructure, Food, Beverage & Agribusiness, Transportation, Major Projects, E&P Conventional, E&P Unconventional, Joint Venture & Co-ownership Structuring, Mergers, Acquisitions & Divestitures, Pipeline & Midstream, Oil Field Services, Power
Associate | Calgary
Calgary: 403-260-9717
Areas of Expertise: Corporate & Commercial, Oil & Gas, Energy, Mergers & Acquisitions, Food, Beverage & Agribusiness, Corporate Governance, Joint Venture & Co-ownership Structuring, Pipeline & Midstream, Middle East, Transportation, Major Projects, Mergers, Acquisitions & Divestitures
Partner | Calgary
Calgary: 403-260-9644
Areas of Expertise: Capital Markets, Corporate & Commercial, Equity Capital Markets, Corporate Governance, Mergers & Acquisitions, Debt Capital Markets, Oil & Gas, Private Equity, Mergers, Acquisitions & Divestitures
Partner | Calgary
Calgary: 403-260-9663
Areas of Expertise: Energy, Mergers & Acquisitions, Oil & Gas, Corporate & Commercial, Food, Beverage & Agribusiness, Power, Renewables (Wind, Solar, Hydro & CleanTech), Transmission & Distribution, Equity Capital Markets, Automotive, Pension Funds Investment, Investment Funds, Investment Vehicles, Major Projects, E&P Unconventional, Mergers, Acquisitions & Divestitures, Pipeline & Midstream
Associate | Calgary
Calgary: 403-260-9746
Areas of Expertise: Energy, Mergers & Acquisitions, Oil & Gas, Corporate & Commercial, Power, Renewables (Wind, Solar, Hydro & CleanTech), Transportation, Major Projects, Downstream & Marketing, E&P Conventional, E&P Unconventional, Mergers, Acquisitions & Divestitures, Pipeline & Midstream
Associate | Calgary
Calgary: 403-260-9646
Areas of Expertise: Energy, Oil & Gas, Power, Food, Beverage & Agribusiness, Middle East, Downstream & Marketing, Transportation, Major Projects, Oil & Gas, E&P Conventional, E&P Unconventional, Mergers, Acquisitions & Divestitures, Pipeline & Midstream
Chair, Asia Region | Calgary
Calgary: 403-260-9692
Areas of Expertise: Oil & Gas, Energy, Mergers & Acquisitions, China, Plan Nord, Corporate & Commercial, Foreign Investment, Customs & Import Controls, International Trade, Investment Treaty Arbitration, Sanctions & Export Controls, Trade Litigation, Trade Negotiation & Compliance, Downstream & Marketing, E&P Conventional, E&P Unconventional, Joint Venture & Co-ownership Structuring, Mergers, Acquisitions & Divestitures, Oil Field Services, Pipeline & Midstream, Korea, Japan, Central Asia, Southeast Asia, Major Projects, Transportation, Oil Sands, LNG, E&P Conventional
Partner | Vancouver
Vancouver: 604-631-3345
Areas of Expertise: Mergers & Acquisitions, Capital Markets, Corporate Governance, Mining, Forestry, Africa, Joint Venture & Co-ownership Structuring, Mergers, Acquisitions & Divestitures, Latin America, Equity Capital Markets, Shareholder Activism, China, Mining Lending, Mining Streaming & Royalties, Mining M&A and Capital Markets, Major Projects
Partner | Calgary
Calgary: 403-260-9660
Areas of Expertise: Mergers & Acquisitions, Corporate Governance, Debt Capital Markets, Equity Capital Markets, Oil & Gas, Private Equity, Retail & Consumer Products, Pension Funds Investment, Investment Funds, Investment Vehicles, Mergers, Acquisitions & Divestitures
Associate | Calgary
Calgary: 403-260-9729
Areas of Expertise: Oil & Gas, Energy, Mergers & Acquisitions, Corporate & Commercial, China, LNG, Joint Venture & Co-ownership Structuring, Mergers, Acquisitions & Divestitures
Partner | Bahrain, Al-Khobar
Bahrain: +973-1715-1506
Al-Khobar: +966-13-847-5050
Areas of Expertise: Capital Markets, Corporate & Commercial, Mergers & Acquisitions, Mining, Oil & Gas, Private Equity, Middle East, Equity Capital Markets, Mining Lending, Mining Streaming & Royalties, Joint Venture & Co-ownership Structuring, Mergers, Acquisitions & Divestitures, Mergers, Acquisitions & Divestitures, Defence
Associate | Calgary
Calgary: 403-260-9625
Areas of Expertise: Mergers & Acquisitions, Corporate & Commercial, Energy, Oil & Gas, Mergers, Acquisitions & Divestitures, E&P Conventional, E&P Unconventional, China, Transportation, LNG, Downstream & Marketing, E&P Conventional, Joint Venture & Co-ownership Structuring, Mergers, Acquisitions & Divestitures, Oil & Gas
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