Energy - Competition/Antitrust

Over the next few years, more companies are expected to consolidate in response to both cyclical and sectoral changes in the energy sector. Canada’s Competition Bureau will no doubt be keeping a close eye on every deal and companies must ensure their transactions stay on the right side of competition and antitrust law.

Osler’s Oil and Gas Group has extensive experience advising many of the world’s largest companies on competition-related matters. We have a deep knowledge of the Investment Canada Act and understand the relevant industry rules and regulations that could impact a potential deal. We have also counseled many of the world’s largest companies on antitrust issues.

If you’re thinking of doing any transactions in the future, considering working with legal counsel now to ensure your transaction complies with the right competition and antitrust regulations.

Recent experience


ConocoPhillips in its acquisition of Montney acreage from Kelt Exploration Ltd. for gross cash proceeds of $510 million, plus approximately $41 million in certain financing obligations. ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide.

Learn more about our work with ConocoPhillips
Oil refinery


Osler acted for KKR and AIMCo in their joint acquisition of a combined 65% equity interest from TC Energy in the $6.8 billion Coastal GasLink Pipeline Project. Upon completion, the project will have the ability to reduce global greenhouse gas emissions by up to 60-90 million tonnes per year.

Learn more about our work with KKR
Pipeline construction in hilly landscape

Husky Energy Inc.

Husky Energy Inc. in its $23.6 billion agreement with Cenovus Energy Inc. to create a new integrated energy leader. The combined company will be the third largest Canadian oil and natural gas producer and the second largest Canadian refiner and upgrader. The transaction was unanimously approved by both Cenovus and Husky’s board of directors.

Learn more about our work with Husky Energy Inc.
Oil and gas refinery
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