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Part 4 Without question, the top story over the last year has been the COVID-19 pandemic and its tremendous ongoing effects felt across Canada and the world. This time has had a significant impact on Canada’s energy industry and many of the changes and developments that took place in 2020 will continue to influence trends, business decisions and the future growth of Canada’s energy industry in 2021. As we look back at 2020, we have highlighted the Top 20 industry developments and decisions made throughout the year in four key areas: Judicial decisions , regulatory decisions , legislative and policy developments , and transactions and trends. In this article, we analyze the top five transactions and trends of the last year and how these decisions may affect your business in 2021. Top five transactions and trends of 2020 Events in 2020 created the perfect storm for market volatility and instability in the energy sector. Global lockdowns lead to a sharp decline in energy demand, depressed commodity prices and an oversupply of oil and gas, ultimately leading to the first time in history that oil prices traded in negative territory. Industry pioneers and contrarians took advantage of the crisis. Domestic […]
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