Table of Contents

2 A Message from the Chair 4 Board of Directors 4 Staff of The Maritimes Energy Association 5 Committees of the Board 6 Membership Report 7 Association Activities & Reports: 2014/2015 12 Trade Missions Report 14 Media Report 15 Industry Submissions for 2014/2015 16 Provincial Industry Updates New Brunswick (NB) Nova Scotia (NS) Prince Edward Island (PEI) 21 Appendix A: Current active leases and licenses in NB 23 Appendix B: Wind projects that received environmental approval in NS in 2015 23 Appendix C: Current onshore agreements in NS 23 Appendix D: Current active exploration licenses in NS

1 Message from the Chair

It has been an exciting year for the energy industry in the Maritimes and I would like to thank you for your support of the Maritimes Energy Association. We’ve seen several very encouraging developments in the offshore and tidal sectors, and continue to strive for more development opportunities in our onshore sector. In an industry that is constantly evolving, it remains one of our goals as The Maritimes Energy Association to stay abreast of the constant changes and demands that the energy industry presents and how they affect our members. Looking forward to 2016, climate change will be a very important conversation with the new government of , as well as with individual provinces.

Our association plays an important role in the energy industry in Eastern Canada - it is the place that governments, investors, operators and producers are directed to by key stakeholders. We make our voice heard through our submissions on local energy projects and also share the voice of industry leaders and stakeholders through our various events and participation in international trade missions. Over the past four years, the staff and the Board of Directors have worked together to make the association more inclusive of all forms of energy. The Maritimes Energy Association team is strong and continues to move forward with a commitment to achieving the goals that have been established.

In the past year we have been very busy! We hosted eleven events, organized three international pan- Atlantic trade missions, held an extremely successful and newly revamped Core Energy Conference and submitted six comments on energy projects in Eastern Canada. We have welcomed fifty new members and raised thousands of dollars for our charitable partners. For the fourth year in a row, The Maritimes Energy Association is one of the largest donors to Prostate Cancer Canada – Atlantic.

We are also very pleased to share that we finished the fiscal year in the black for the fifth year in a row!

Even with all of these accomplishments, our focus continues to be our members and the services that we provide to them. Our daily Energy Bulletin continues to be a valuable resource and reference for members as it provides them with current news from the industry as well as procurement opportunities. Whether it is speaking at energy events, talking to decision-makers in the region or commenting on energy issues, our most important responsibility is to support and represent local companies that employ thousands of people and invest millions of dollars annually in our local communities. We strive to increase their opportunities and potential in the energy industry locally, regionally, nationally and globally.

The Maritimes Energy Association was pleased to see the successful bids for the CNSOPB’s NS15-1 and now having Statoil participate in our offshore E&P activities along with Shell, BP, Encana and ExxonMobil. We were also very pleased to see the approval given to Shell Canada by the CNSOPB to drill exploratory wells offshore Nova Scotia and that drilling is now underway by the Stena IceMAX. This is exciting news for our region and the local energy sector as offshore development moves forward. 2 The Maritimes Energy Association is a member of the New Brunswick Responsible Energy Development Alliance which promotes responsible energy development and prosperity for New Brunswick led by the development utilizing hydraulic fracturing technology. We look forward to seeing similar initiatives taking place in Nova Scotia as well as the promotion of fact-based information needed to make informed decisions. The LNG industry in Nova Scotia has seen its fair share of development this year with the National Energy Board issuing import and export licenses to both BearHead LNG and Pieridae Energy. The Energy East Pipeline continues to advance and we hope that favourable steps will be taken this year. In other energy news, the Nova Scotia Government released its Electricity Plan for 2015-2040. This comprehensive plan for Nova Scotia’s electricity future is centered on accountability, predictable and stable rates, innovation and competition. Renewable generation and Emera’s Maritime Link project are important elements to this plan.

Our association has been called a “strong voice for the energy industry in Eastern Canada.” We work with governments, operators and other industry associations in a cooperative and collaborative effort to develop and grow energy-related business. We strive to represent our member companies to the best of our ability, and we strongly encourage our members to share your feedback with us and more importantly to let us know how we can meet your expectations. Your feedback will allow us to assess and improve our services in order to serve you better.

In closing, I would like to take this opportunity to thank my fellow Board members for their time and dedication to our association. This is my last official association activity as the Chair of the Board of Directors. I have thoroughly enjoyed my time as the Chair and the opportunity it has provided me to meet so many hard-working and inspiring individuals from the many member companies. It has also been a pleasure to sit on a board with so many talented and dedicated professionals. I look forward to seeing the association continue to grow and prosper in the coming years. The Maritimes Energy Association would not be where it is today without the dedication and commitment of our 2014/15 (“2015”) staff: Event Coordinator Adrienne Dean, Communications and Office Assistant Caitlin Gray, Business and Operations Manager Lori Peddle, Member Relations Coordinator Paula Broaders and CEO Ray Ritcey.

I invite you to read the following pages about the association’s activities as well as industry news from 2015. The past year has been a successful and memorable one and we look forward to an even more prosperous 2016.

Julie Hebert, P. Eng Chair – 2015 Board of Directors, The Maritimes Energy Association

3 2015 Board of Directors

Chair, Julie Hebert – President, AMEC Black & McDonald

Vice-Chair, Darren Zwicker – New Brunswick Director – VP Facilities, Environmental Solutions Division of Terrapure Environmental

Secretary, Mike Morris – Renewable Energy Director

Treasurer, Paul Sanford – Regional Business Development Leader, Stantec Consulting

Past-Chair, Joe Fitzharris – Quality Manager, AMEC Black & McDonald

Rick Edwards – Member at Large – Area Manager, Atlantic Towing

Austen Hughes – Renewable Energy Director, VP Operations, Natural Forces

Carl Poirier – Member at Large - President & CEO, Carbon Capture and Storage Research Consortium of Nova Scotia (CCS Nova Scotia)

Amy Reid – Member at Large - Vice President - Atlantic Region, David Aplin Group

Stephen Sayle – Oil & Gas Director – CEO, SayleGroup Inc.

Bruce Strum – Member at Large - President, Strum Consulting

Stephen Wagner – Oil & Gas Director – Eastern Canada Manager, Baker Hughes

Mark Warren – Member at Large - Senior Project Manager, EastPoint Engineering

2015 Staff of The Maritimes Energy Association

Paula Broaders – Member Relations Coordinator

Adrienne Dean – Events Coordinator

Caitlin Gray – Communications and Office Assistant

Lori Peddle – Business & Operations Manager

Ray Ritcey – Chief Executive Officer

4 Committees of the Board Executive Committee: Audit Committee:

Julie Hebert, Chair, AMEC Black & McDonald Paul Sanford, Stantec Consulting, Chair Julie Hebert, AMEC Black & McDonald Joe Fitzharris, Past Chair, AMEC Black & McDonald Joe Fitzharris, AMEC Black & McDonald Mike Morris, Secretary Lori Peddle, The Maritimes Energy Association Paul Sanford, Treasurer, Stantec Consulting Ray Ritcey, The Maritimes Energy Association Darren Zwicker, Vice Chair, Terrapure Environmental Government Relations Committee: Closest to the Hole Golf Committee: Darren Zwicker, Terrapure Environmental, Chair Mark Healy, AMEC Black & McDonald, Honourary Chair Joe Fitzharris, AMEC Black & McDonald Matthew Beauchamp, Baker Hughes Carl Poirier, CCS Nova Scotia Chelsea Chisholm, David Aplin Group Caitlin Gray, The Maritimes Energy Association Kevin Dunphy, IKM Testing Jennifer Matthews, CAPP Brett Spicer, Land & Sea Instrumentation Membership Committee: Adrienne Dean, The Maritimes Energy Association Mark Warren, Eastpoint Engineering, Chair Rob Green, K&D Pratt Core Energy Conference Committees: Paula Broaders, The Maritimes Energy Association Organizing Committee: Julie Hebert, AMEC Black & McDonald, Chair Nominations Committee: Rick Edwards, Atlantic Towing Joe Fitzharris, AMEC Black & McDonald Joe Fitzharris, AMEC Black & McDonald, Chair Mike Morris Rick Edwards, Atlantic Towing Steve Sayle, SayleGroup Inc. Heaton Rosborough, Rosborough Marine Centre Adrienne Dean, The Maritimes Energy Association Mark Warren, Eastpoint Engineering Robyn Webb, Halifax Partnership Programming Committee: Paula Broaders, The Maritimes Energy Association Joe Fitzharris, AMEC Black & McDonald, Chair Melissa Cooper, NS Department of Energy Oil & Gas Committee: Julie Hebert, AMEC Black & McDonald Lori MacLean, Encana Corporation Stephen Wagner, Baker Hughes, Chair Alice McCarron, Colour Stephen MacLellan, Corridor Resources Noor Subeh, NS Department of Energy Colleen Mitchell, Atlantica Centre for Energy Adrienne Dean, The Maritimes Energy Association Paul Sanford, Stantec Consulting Steve Sayle, SayleGroup Inc. Bruce Strum, Strum Consulting Core Golf Committee: Caitlin Gray, The Maritimes Energy Association Mike Morris, Chair Chelsea Chisholm, David Aplin Group Renewable Energy Committee: David Montgomery, Fulcrum Transportation Raye Myles, Aluma Systems Mike Morris, Chair Bryan Sayle, SayleGroup Inc. Andrew Blackmer, Dillon Consulting Limited Adrienne Dean, The Maritimes Energy Association Carys Burgess, Emera Austen Hughes, Natural Forces Carl Poirier, CCS Nova Scotia Keith Towse, Lahave Renewables John Woods, Minas Energy Caitlin Gray, The Maritimes Energy Association

5 Membership Report

In 2015, The Maritimes Energy Association saw a 4% growth in membership from 305 to 317 member companies.

To increase the association’s profile and connect with industry representatives, the team played a role in several industry events over the past year:

April Staff representatives attended the Tri-City Mixer Tradeshow in Saint John, NB in April which is a joint venture of the Fredericton, Moncton, and Saint John Chambers of Commerce.

May Staff representatives attended OTC Houston and All-Energy as part of the NS delegation which the association led.

June The 2015 National Aboriginal Law Conference in Membertou, NS addressed the Nova Scotia Independent Panel on Hydraulic Fracturing. In addition, Ray attended the Public Talk on Hydraulic Fracturing with Dr. John Cherry and the Maritime Philanthropy Awards in which the association was nominated for Outstanding Small Business Philanthropist.

July At SuperPort Days in Dundee, NS the association addressed energy opportunities in the province. Ray attended Dr. David Wheeler’s presentation at NSCC and toured the Dartmouth Coast Guard Base. Finally, Ray was a moderator at the 2015 Energy and Mines Ministers’ Conference.

August The Encanex Open House took place and Ray attended a Hydraulic Fracturing Presentation at Dalhousie University featuring Maurice Dusseault.

September Cumberland Energy Authority’s 1st Annual Energy Symposium.

October Wake Up Call Breakfast for PCC-Atlantic as well as the Caribbean Renewable Energy Forum (“CREF”).

November The Global Interdependence Center in Philadelphia hosted the Energy Interdependence in the Western Hemisphere Conference and the associated addressed Regional, National & Global Implications.

6 Association Activities & Reports Events Report 2014/2015 Overview

The Maritimes Energy Association developed and hosted 11 events in fiscal 2015. These included a combination of briefings, supplier information sessions, networking events and the annual Core Energy Conference. Revenue and profit targets were exceeded and expenses were monitored closely and came in under budget.

Association events provide updates on procurement opportunities, project plans and developments within the industry. They also create valuable networking opportunities and provide for member companies the ability to promote their involvement through sponsorship. With so much activity in the region in 2015 there was certainly no shortage of topics to cover. A diverse mix of events contributed to over 1000 attendees over the course of the 2015 events calendar. Briefings/Supplier Information Sessions

Our briefings in fiscal 2014/15 included the following topics:

• Oil & Gas 101 was held in November 2014 at the Halifax Harbourfront Marriott Hotel. Attendees were able to learn the basics of oil and gas from a variety of experienced speakers throughout the one-day event.

• Our Breakfast Briefing with BP Canada was held in April 2015 at the World Trade & Convention Centre and featured Mark Finley, General Manager of global energy markets and U.S. economics at BP as the keynote speaker. Mr. Finley addressed BP’s Energy Outlook 2035 which explores what the world’s energy mix may look like in the future.

• Our BP Canada Supplier Session was held in May 2015 at the Halifax Harbourfront Marriott and featured BP’s Regional Manager for Nova Scotia Anita Perry, BP Canada’s Regional Procurement Manager Muhammad Fahim and BP Canada’s Nova Scotia Project Logistics and Infrastructure Manager Eric Brizendine. This session was a great chance for attendees to hear an informal overview and discussion of BP’s logistics requirements, services to be contracted and related procurement processes and timelines.

• An Update on the Sable Offshore Energy Project with ExxonMobil Canada was held in June 2015 at the Halifax Harbourfront Marriott and featured Operations Superintendent Dylan Pugh and Decommissioning Project Manager Friedrich Krispin. Over 150 guests attended to hear an update on ExxonMobil’s decommissioning plans for the Sable Project.

• Our 2015 Briefing with the Canadian Gas Association’s Tim Egan presented by Heritage Gas was held in October at the World Trade & Convention Centre. Mr. Egan shared a national perspective on the value and opportunity presented as a result of the abundance of natural gas in North America. He also discussed existing and proposed infrastructure to bring more natural gas to Nova Scotia and how natural gas can help meet provincial objectives.

7 Dinner Events

Annual Dinner

The Annual Dinner in February was once again a key networking event in our calendar and provided an opportunity to hear from Dr. David Wheeler, President and Vice-Chancellor of Cape Breton University and the Chair of the Nova Scotia Independent Panel on Hydraulic Fracturing. The dinner followed the Annual General Meeting (AGM) which marked the formal introduction of the 2015 Board of Directors. The event was held at the Halifax Harbourfront Marriott and attracted more than 200 guests. In addition, over $1,500 was raised for our charitable partner PCC-Atlantic.

Networking Events

Golf

Our annual Closest to the Hole Golf Tournament grew again in 2015 and was hosted at the Glen Arbour Golf Course in June. Players enjoyed a fun-filled day on the beautiful course. There were two BBQ stations on the course as well as several activities throughout the course run by various sponsors. The tournament had strong member support and raised over $12,000 for Prostate Cancer Canada-Atlantic.

Mixers

With the generous support of the association’s hospitality members, we hosted Jingle & Mingle in December 2014 at . This complimentary event for members attracted close to 60 guests and was a wonderful opportunity for members to mingle and get into the holiday spirit. Mixers are a great way to give back to our members and sponsors while providing them with excellent networking opportunities.

Core Energy Conference

The 2015 Core Energy Conference at the end of September provided a definitive overview of the energy sector in our region and offered updates on the direction that several of the major projects will take in 2016. This year’s conference featured high-profile speakers from all over North America and covered all aspects of the energy industry.

The conference sessions were held over two days at Pier 21, the Canadian Museum of Immigration in Halifax. An Industry Gallery was developed again this year to showcase sponsors and member companies through displays to provide exposure.

Core Energy is the only conference in Canada that covers the complete energy sector; onshore and offshore, renewable and non-renewable, domestic and export markets. Topics at the 2015 conference included petroleum resource development, Nova Scotia LNG, marine renewable energy, regulatory processes, downstream energy solutions, electricity, Aboriginal/First Nations Engagement and hydraulic fracturing. Nova Scotia Energy Minister, the Honourable Michel P. Samson addressed the delegates at the beginning of the conference and keynote presentations were delivered by Mr. Lance Mortlock, Partner at Ernst & Young LLP and Executive Editor & Chief Forecaster Kurt Abraham from World Oil Magazine.

8 There was extensive media coverage of the event locally as well as nationally. Media personnel attended from Platts (Calgary), CBC News, CTV News, Global News, The Chronicle Herald, All Nova Scotia, The Canadian Press and Radio Canada. Topics dicussed in these news articles include hydraulic fracturing in Nova Scotia, offshore exploration and development in Nova Scotia and the expansion of the local tidal industry. We thank the following speakers and moderators for their contribution to the success of the 2015 Core Energy Conference:

Julie Hebert, President, AMEC Black & McDonald, Chair of The Maritimes Energy Association Lance Mortlock, Partner, Canadian and Oil & Gas Strategy Lead, Ernst & Young LLP The Honourable Michel P. Samson, Nova Scotia Minister of Energy Nancy Phillips, Director Business Development, Halifax Partnership Robert O’Connor, Canada Exploration Manager, BP Sandy MacMullin, Executive Director Petroleum Resources, Nova Scotia Department of Energy Mike Whalen, General Manager, Maritimes & Northeast Pipeline Mary Ellen Donovan, Q.C., Chair, QUEST NS Raymond Gorman, Q.C., Chairman, New Brunswick Energy & Utilities Board Peter W. Gurnham, Q.C., Chair, Nova Scotia Utility & Review Board Tony Wright, General Manager, FORCE Dr. Sue Molloy General Manager, Black Rock Tidal Power Dana Morin, Director of Business Development, Fundy Tidal Jeremy Poste, OpenHydro Canada Country Manager, Cape Sharp Tidal Cheryl Hodder, Q.C., Partner, McInnes Cooper Neil Larlee, Director, Strategic Planning, New Brunswick Power Stephen MacDonald, Chief Executive Officer, EfficiencyOne Gilles Volpé, General Manager, Enbridge Gas New Brunswick Paul Sanford, Regional Business Development Leader, Stantec Nancy G. Rubin, Q.C., Partner, Stewart McKelvey Chuck Hartlen, Executive Vice President, Customer Experience, Nova Scotia Power Rick Janega, President & CEO, Emera Newfoundland Rosalie Francis, Articled Clerk, Burchells LLP Eric Christmas, Director of Operations, Mi’kmaq Wind Management Ltd. Steve Parsons, General Manager, Eskasoni Corporate Division Kurt Abraham, Executive Editor/Chief Oil Forecaster, World Oil Magazine Murray Coolican, Deputy Minister of Energy, Province of Nova Scotia Colleen Mitchell, President, Atlantica Centre for Energy Frank Atherton, Deputy Chief Medical Officer of Health, Nova Scotia Department of Health Steve Moran, President & CEO, Corridor Resources Inc. Ray Ritcey, CEO, The Maritimes Energy Association 9 Salt Water Mixer

On the first evening of the Core Energy Conference, we hosted the inaugural Salt Water Mixer. This event included a harbour boat cruise followed by a lobster dinner at Murphy’s on the Water. It was a popular networking event for conference delegates and association members and the weather couldn’t have been better. The event featured a Dunk Tank Challenge where volunteers raised funds for Prostate Cancer Canada-Atlantic. At the end of the night, each member of the Executive Dunk Panel got dunked into an ice cold tank of water. The event raised $5,000 for our charitable partner, Prostate Cancer Canada – Atlantic. Executive Dunk Panel at the Salt Water Mixer

Core Golf

The 2015 Core Golf Tournament was the closeout event to the Core Energy Conference. On October 16th, golfers took to the fairways at the Glen Arbour Golf Course. In addition to a great day on the course, golfers also helped raise over $1,600 for FEED Nova Scotia.

Charitable Partnerships

The Maritimes Energy Association continued to support our charitable partners by including a fundraising component to each of the following events: The Heritage Gas Team at Core Golf

Annual Dinner: Prostate Cancer Canada-Atlantic

Closest to the Hole Golf Tournament: Prostate Cancer Canada-Atlantic Core Energy Conference: Syria Emergency Relief Fund Salt Water Mixer: Prostate Cancer Canada-Atlantic Core Golf Tournament: FEED Nova Scotia

These events raised over $20,000 for our charitable partners in 2015. We are proud to announce that for the third consecutive year, The Maritimes Energy Association Chair Julie Hebert addresses delegates Association was the third largest donor to Prostate at the 2015 Core Energy Conference Cancer Canada – Atlantic raising $17,000 over the past year. 10 Sponsors

Our many events and activities would not be possible through the year without the support and commitment of our many sponsors. Thank you to our generous 80+ sponsors over the past year:

Aluma Systems Falck Safety Services Pomerleau AMEC Black & McDonald Fisher Transport Limited Premiere Executive Suites Atlantic Business Interiors Fulcrum Transportation Port of Argentia Atlantic Towing Golder Associates Provincial Airlines Ltd. Baker Hughes Halifax Marriott Harbourfront Residence Inn – Marriott BearHead LNG Heritage Gas Limited Rodd Hotels & Resorts Blue Water Group HiTech Communications Sandals BP Canada Energy Group ULC HNZ Helicopters Safety Step Canada Breakwater Group HSE Integrated SayleGROUP Inc. Canadian Gas Association I. H. Mathers SBM Offshore CAPP IKM Testing SBW Wealth Management & Employee Benefits Cherubini Group of Companies Integra Technologies Secunda Canada LP Clean Earth Technologies Investors Group Shell Canada Commissionaires Nova Scotia Johnson Inc. SLR Consulting Ltd. Cougar Helicopters Inc. K & D Pratt SPE International David Aplin Group Land & Sea Stantec Consulting Dominion Diving Ltd. Manga Hotels Strum Consulting DSS Marine Maritimes & Northeast Pipeline Survival Systems Training Durty Nelly’s Maritime Travel Telus East Coast Catering Ltd. McInnes Cooper Terrapure Environmental Emera Inc. Mulgrave Machine Works The Lord Nelson Hotel & Suites EM&I Stantec Natural Resources Magazine The OGM Encana Corporation NOV Wilson The Prince George Hotel Encanex NS Dept. of Energy TTL Supply Ltd. Enterprise Truck Rental Oceaneering Canada Ltd. Univar Canada Ltd. Entiér Services Pennecon Energy Hydraulic Systems Weatherford Enviro Systems Inc. Pennecon Limited Worley Parsons ExxonMobil Canada PF Collins WSP Canada Inc. Fairfield Inn & Suites

11 Trade Missions Report

The Maritimes Energy Association leads a number of trade missions each year. The purpose of these missions is to introduce companies from Maritimes Canada, that are part of the energy industry supply chain, to new export markets and to expand current export opportunities. The association considers these missions an added service to member companies, although the missions are not restricted to just member companies. Over the past year, our association was involved in three trade missions and this is once again proof of the increasing global reach of the energy supply chain in the Maritimes.

The missions are organized with the support, cooperation and collaboration of the Atlantic Canada Opportunities Agency (ACOA), the International Business Development Agreement (IBDA) and the Nova Scotia Department of Energy (NSDOE). We would like to thank everyone involved for their continued confidence in our ability to lead such missions. Without the support from these organizations, leading these missions would not be possible. Funding received from ACOA, IBDA and/or the NSDOE enable the association to book trade show space, hire matchmakers and pay for booth design and construction.

Trade Missions are about opening doors and developing long-term trade and investment opportunities in foreign markets for Maritime Canadian businesses in the energy supply chain. They also help build the profile and promote the strength of Atlantic Canada’s energy sector, while helping our businesses position themselves in new markets.

These missions are a significant component of Maritime Canada’s international business development efforts and provide greater public profile for delegate companies and organizations, while expanding their local business network at the same time. In 2015, The Maritimes Energy Association played an important role in the following successful missions: Offshore Technology Conference (OTC) Houston (Houston, TX, USA) – Organized in partnership with the NSDOE, twenty-six companies joined the Nova Scotia delegation and travelled to Houston in May.

Founded in 1969, the Offshore Technology Conference is the world’s top event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection. This year’s sold-out exhibition was the largest in the history of the show. OTC Houston 2015 attracted 94,700 attendees from 130 countries and hosted The Nova Scotia Booth at OTC 2,682 exhibiting companies. International companies made up 42 percent of exhibitors. Houston 2015 The event featured 11 panel sessions, 29 executive keynote presentations at luncheons and breakfasts, as well as nearly 300 technical paper presentations. 12 All-Energy (Glasgow, Scotland, UK) – Supported through funding from the IBDA, five companies travelled to Glasgow as members of the Atlantic Canada delegation in May.

All-Energy is the UK’s largest renewable energy exhibition and conference and the 2015 event took place in Glasgow. There was a record-breaking attendance of more than 8,250 attendees from over 50 countries at the 15th show in the annual series. Previous events had been held in Aberdeen, with attendance at All-Energy 2014 being 6,875. All-Energy showcases the complete range of renewable and sustainable technologies The Atlantic Canada Booth at through a world-class multi-stream All-Energy 2015 conference. Alongside the major exhibition of 450+ exhibitors in 2015, the world-class conference featured over 440 conference and seminar speakers who took part in 120 hours of discussion, debate and knowledge sharing.

Caribbean Renewable Energy Forum (CREF) (Miami, Florida, USA) – Supported by ACOA and the NSDOE, eleven companies travelled to Miami as part of the Atlantic Canada Delegation in October.

CREF provides a compelling mixture of world-class content and numerous opportunities to meet all of the key participants in this rapidly emerging renewables market. CREF 2015 is considered to be the largest annual gathering of the Caribbean energy market. 492 delegates from 41 countries, a record-breaking number of delegates, attended CREF this year. 21 Caribbean jurisdictions were also represented at CREF either by their government or by their utility, or in many instances, by both. In addition, CREF was proud to host over 100 speakers and moderators. CREF continues to grow every year and provides a region-wide opportunity for renewables development opportunities.

13 Media Report

The association distributed eight news releases this past year: January 12, 2015: Dr. David Wheeler to speak at 2015 Annual Dinner. April 28, 2015: The Maritimes Energy Association Announces Appointment of New Chief Executive Officer. May 4, 2015: Nova Scotia well-represented at OTC Houston. September 22, 2015: Detailed agenda for 2015 Core Energy Conference now available. October 16, 2015: Nova Scotia sending 11 companies to CREF. October 22, 2015: Heritage Gas Presents a Natural Gas Update with Timothy M. Egan. October 23, 2015: The Maritimes Energy Association Commends Decision By CNSOPB. The association was featured and represented in several news stories and outlets throughout the past year:

February Association Chair Julie Hebert was quoted in an article in The Chronicle Herald regarding operational issues with Deep Panuke.

May The announcement of Deep Panuke becoming a seasonal operation and the announcement of ExxonMobil’s decommissioning of the Sable Project in May brought media coverage including quotes from CEO Ray Ritcey in The Chronicle Herald as well as CBC news. There were also numerous articles covering the announcement of Ray Ritcey as the new CEO of the association at the beginning of May. Also in May, CEO Ray Ritcey was featured on the Rick Howe Show on News 95.7 regarding his new role as CEO. To conclude media activity in May, John Brannen from Burnside News did a feature piece on the Nova Scotia Delegation to OTC Houston in May as well and the association did a response to a piece in The Chronicle Herald regarding the Nova Scotia Delegation at OTC Houston.

June The association shared its thoughts on gas supply, pipeline expansion and development opportunities in an article in The Chronicle Herald. The association also shared its enthusiasm for Shell’s approval to drill offshore Nova Scotia in an article featured in The Chronicle Herald.

July Ray was quoted in the Cape Breton Post regarding the CNSOPB’s Call for Bids NS15-1.

September There were numerous articles regarding our Core Energy Conference. The association also published an op- ed in The Chronicle Herald in September regarding Emera’s acquisition of TECO Energy. Please view the Core Energy Conference part of the “Events” section of the report regarding media coverage of the conference.

14 October The Maritimes Energy Association was quoted in a CTV News article regarding the arrival of the Stena IceMax offshore Nova Scotia.

November The Maritimes Energy Association was quoted in Upstream regarding the extension of the George’s Bank Moratorium.

December The Maritimes Energy Association provided thoughts on the Sable Decommissioning Project and what it means for Nova Scotia in Upstream.

Industry Submissions for 2015

The Maritimes Energy Associations recognizes the importance of engaging in public consultation processes and supporting the responsible development of the region’s energy resources, whether they be onshore or offshore, renewable or non-renewable, domestic or export markets.

Throughout 2015 the association commented on a total of nine projects or topics covering the three Mari- time Provinces, ranging from offshore safety and development to LNG site construction. All submissions can be viewed under the Association Documents section on our website.

Below is a list of the submissions made throughout the year and a short summary of the project or the Association’s position.

Date Project or Topic 17 March 2015 Letter of Support: Approval of the Bear Head LNG Con- struction in the Strait Area Region 19 May 2015 Letter of Comment: Pieridae Energy Canada Ltd.’s Application for License to Export & Import 21 May 2015 Letter of Support: Environmental Assessment Approval of Bear Head LNG Construction 29 June 2015 Written Comment: CNSOPB’s Call for Bids NS15-1 16 July 2015 Nomination of The Municipality of the District of Guys- borough for the CanWEA Group Leadership Award 8 September 2015 Written Comment: BP Scotian Basin Exploration Drilling Project Description Summary 9 September 2015 Letter of Support: Upgrades to Emera Inc.’s Corporate Headquarters on 5151 Terminal Rd.

15 October 2015 Written Comment: Draft Guidelines for the Preparation of an Environmental Impact Statement for the BP Scotian Basin Exploration Drilling Project 20 November 2015 Written Comment to the New Brunswick Commission on Hydraulic Fracturing

15 Industry Updates

New Brunswick

Wind & Biomass The Government of New Brunswick released its The government of New Brunswick is committed first progress report on the Oil and Natural Gas to increasing the amount of electricity from Blueprint in June 2014 which is a plan to “address new renewable sources in New Brunswick to 40 the strategic economic, social and public health per cent by 2020. At this time, approximately dimensions” of the province’s oil and natural gas 28 per cent comes from renewable sources sector. The report also highlighted the including wind, biomass and hydro-electric. New development of a new natural gas royalty regime, Brunswick’s major wind energy infrastructure ensuring that NB residents benefit from the consists of 113 turbines with a total generating province’s natural resources. capacity of 294 megawatts. Fredericton hosted the 40th Annual Exploration, The five areas proposed for wind development Mining and Petroleum Conference in early are the Bay of Fundy, Tantramar, Miramichi Bay, November 2015 which attracted close to 300 Acadie/Chaleur and in-land New Brunswick. delegates.

There are currently three large-scale biomass There continues to be a moratorium on facilities in New Brunswick which are using hydraulic fracturing in the province following a woody-based biomass to produce electricity: review process that took place in 2010. The New Brunswick Responsible Energy Development The Twin Rivers Paper (87.0MW), Irving Pulp & Alliance (NBREDA) was established this past Paper (30.0MW) as well as AV Cell Inc. (17.6MW) & year which promotes responsible energy Nackawic (25MW). development and prosperity for New Brunswick led by development utilizing hydraulic fracturing Oil & Gas technology. In addition, the New Brunswick Commission on Hydraulic Fracturing was created New Brunswick has a long history of oil and in March 2015 with the appointment of a three natural gas production dating back to 1859. person panel. This panel, identified as a ‘citizen’s Frederick Brook Shale is located in New Brunswick panel’ began work in May 2015 and engaged in and extends over the southeastern part of the public consultation. province. It is estimated that there are 78 trillion cubic feet of gas in the areas that have been Tidal located up until now. There are currently producing natural gas and oil wells from two The Bay of Fundy, located in New Brunswick, has operators: Corridor Resources and Contact the highest tides in the world. New technologies Exploration. Nine companies hold a Crown licence with low environmental impact are currently to search or lease oil and gas within New being developed and tested in the Fundy region. Brunswick. Currently there are 24 active leases New Brunswick continues to research the marine and 32 licences to search for oil and natural gas in environment and any potential impacts from New Brunswick totalling over 1.4 million hectares. future tidal energy development. Any tidal energy Please refer to Appendix A for current list of active development on the New Brunswick side of the leases and licenses. Bay of Fundy will be done in consultation with all Bay of Fundy stakeholders. 16 Nova Scotia

Wind Oil & Gas

Nova Scotia’s wind portfolio continued to grow in Onshore 2015. Overall, four wind projects received environmental assessment (EA) approval by the There continues to be legislation in place that Minister of Environment. Please refer to bans hydraulic fracturing in Nova Scotia as a Appendix B for a list of these projects. Among method to extract natural gas. However, there these projects, construction began on the Porters are several Liquefied Natural Gas (LNG) projects Lake Wind Farm in Spring 2015 and on the underway in the province. The National Energy Harriettsfield/Williamswood project in Board of Canada issued import and export Summer 2015. licenses to both Pieridae Energy and BearHead LNG. BearHead LNG received environmental The South Canoe Wind Farm completed the approval in May 2015 and Construction of the construction process in June 2015 and began BearHead LNG facility is scheduled to begin in project operations. South Canoe includes 34 2016. Please refer to Appendix C for a list of wind turbines which will produce 102 MW of current onshore agreements. power - enough to serve approximately 32,000 homes.

The Sable Wind Project, founded by the Municipality of Guysborough and Nova Scotia Power was the recipient of the Group Leadership Award by CanWEA this past Spring. The Sable Wind Farm is the only large-scale project in Nova Scotia that is majority-owned by a municipality. It is currently in operation and aims to play a key role in the provincial renewable energy development and help reach Nova Scotia’s renewable electricity target of 25% generation from renewable energy by 2015 and 40% by 2020.

Scotian Windfields also continue to grow their wind farms in the province. In January 2015, their Martock Ridge Wind Project began producing Sable Wind Project electricity for the West Hants and Windsor Courtesy of the Municipality of the District distribution grid. The project has a capacity of 6 of Guysborough and Nova Scotia Power Inc. MW and generates enough electricity to power approximately 1,870 homes in Nova Scotia.

17 Offshore seismic survey occurred from mid-May In October 2015, Shell received to mid-September. BP acquired data regulatory approval from the CNSOPB over an area of approximately 7,752 to begin drilling in the Shelburne Basin km2. Water depths in the 2014 Seismic within a four-year window. The first Activity Area ranges from approximately phase of the drilling program includes 100–4,000 m. drilling two exploratory wells: Cheshire and Monterey Jack. The drill ship, Stena Call for Bids NS15-1 was issued in April IceMAX arrived offshore Nova Scotia in 2015 for Exploration Licences consisting late October and has begun drilling. of nine parcels located on the western and central Scotian Shelf and Slope as BP is currently conducting a 3D Wide well as on the Scotian Shelf in the Sable Azimuth (WAZ) seismic survey in and Subbasin. It was announced in early near Exploration Licenses (“ELs”) 2431, November that Statoil Canada Ltd. was 2432, 2433, and 2434. This survey the successful bidder for Parcels 1 and utilizes a five vessel fleet inclusive of 2 for $82 million dollars. Please refer to two streamer/source vessels and three Appendix D for a current list of Offshore additional source vessels. The 3D WAZ Exploration Licenses.

Photo courtesy of Shell Canada

18 The Annapolis Tidal Power Plant, the first tidal Tidal power plant in North America, came online in 1984. It continues to generate 80 to 100 Following the installation of their underwater megawatt hours every day depending on the power cables in October 2014, the Fundy tides. Research Center for Energy (FORCE) expanded their team in 2015, carried out Maritime Link & Electricity significant marine activity and established their second Environmental Effects Monitoring Report The Maritimes Energy Association has been a as part of their Environmental Effects Monitoring vocal supporter of the Maritime Link project, Program. In addition, they introduced two recognizing the Maritime Link and Muskrat falls advance underwater monitoring platforms in July as an enabling project. Not only will it diversify which will provide real-time data on currents and the region’s energy portfolio, but it will also make turbulence, marine life activity, noise levels and Nova Scotia part of an energy loop rather than seabed stability. at the end of the transmission line. The Maritime Link is expected to be commissioned in 2017. In December 2014, the following four FORCE developers received approval through Nova In early September, Emera Inc. purchased TECO Scotia’s developmental feed-in tariff program for a Energy , a U.S. energy company for $10.4 B US. The total of 17.5 megawatts of electricity: Minas acquisition is expected to close in 2016 and will Energy (4 MW), Black Rock Tidal Power (5 MW), nearly double the size of its employees and asset Atlantis Operations Canada, (4.5 MW) and Cape base as well as provide services to over 2.4 million Sharp Tidal Venture (4 MW). In 2015, Cape Sharp natural gas and electric customers. Emera also Tidal awarded $33 million in contracts to local published its property development plans for its Nova Scotia companies as part of its commitment recently purchased building on Terminal Road in to invest 70 per cent of Phase 1 project costs Halifax including the construction of a pedway. locally to help grow the Province’s emerging tidal This renovation will provide a safer travel route energy industry. and increased energy efficiency while showcasing innovative design.

Energy East

Energy East is a 4,600-kilometre pipeline that will carry 1.1 million barrels of crude oil per day from Alberta and Saskatchewan to refineries in Eastern Canada. Currently the main components are pipeline conversion, the construction of new pipeline and the construction of new pipeline facilities. The project continues to advance.

Photo courtesy of FORCE

19 Prince Edward Island

Wind & Electricity PEI reached a milestone for its underwater cable Prince Edward Island (PEI) is a leader in producing project on October 1, 2015 when it submitted the wind electricity. Their largest current wind farm Environmental Impact Assessment Report for the has a generating capacity of 99 MW. It was proposed two new underwater electricity cables established by GDF Suez North America and is to the mainland. The 360 MW connection will be located in West Cape. operated by Maritime Electric and owned by the province of PEI through the PEI Energy Another large-scale project developed by the PEI Corporation. If approved, construction will begin Energy Corporation is the Hermanville/ in 2016, with a scheduled completion date of Clearspring Wind Farm which was commissioned June 2017. This project will provide energy in January 2014. The 30 MW project consists of security as well as opportunity for growth. ten ACCIONA AW116/3000 turbines. Oil & Gas With the Hermanville/Clearspring Wind Farm, 30% of Prince Edward Island’s energy demands While there has yet to be commercial production are met by wind energy. This project promises to of oil and gas in Prince Edward Island, the generate more than 110 million kilowatt-hours province does have a long history of exploration. of emission-free electricity for PEI residents each The first offshore well in Atlantic Canada was year and has also been an economic generator for drilled in 1943 off the coast of the province in the province. eight meters of water, reaching a depth of 4,479 meters. Prince Edward Island is host to the Wind Energy Institute of Canada, established in 1981 with the The most recent wells drilled in the province were purpose of “advancing the development of wind in 2007. “Green Gables #3” was drilled by Corridor energy through research, testing, innovation and Resources to a depth of 2548 metres, and “New collaboration.” Harmony #1” was drilled by Corridor Resources / Petroworth Resources Inc. to a depth of 3234 metres. In total sixteen exploratory wells and one re-entry well have been drilled on and around the island.

Photo courtesy of the Wind Energy Institute of Canada

20 APPENDIX A

Current active leases and licenses in New Brunswick:

LICENCE/LEASE RIGHT HOLDER FROM TO HA ONG/lse 01-01R Kicking Horse Energy Inc. 12-Jul-02 9-Feb-17 717.80

ONG/lse 01-01/44 Kicking Horse Energy Inc. 12-Jul-02 9-Feb-17 359.50 ONG/lse 03-02/55abgh Kicking Horse Energy Inc. 14-Feb-03 9-Feb-17 89.85 ONG/lse 07-02 Kicking Horse Energy Inc. 10-Feb-07 13-Feb-17 4,315.30 ONG/lse 07-05 Kicking Horse Energy Inc. 26-Oct-07 9-Feb-17 359.40 ONG/lse 09-06 Kicking Horse Energy Inc. 14-Feb-09 13-Feb-17 4,675.90 ONG/lse 13-01 Kicking Horse Energy Inc. 1-Dec-13 30-Nov-18 629.10 ONG/lse 01-01 Pieridae Production Limited Partnership 12-Jul-02 9-Feb-17 6,375.90 ONG/lse 01-01/27 Pieridae Production Limited Partnership 12-Jul-02 9-Feb-17 359.10 ONG/lse 01-01/36 Pieridae Production Limited Partnership 12-Jul-02 9-Feb-17 359.20 ONG/lse 01-01/85ijop Pieridae Production Limited Partnership 12-Jul-02 9-Feb-17 89.90 ONG/lse 01-01/86 Pieridae Production Limited Partnership 12-Jul-02 9-Feb-17 359.20 ONG/lse 07-01 Pieridae Production Limited Partnership 10-Feb-07 9-Feb-17 5,032.40 ONG/lse 07-03 Pieridae Production Limited Partnership 10-Feb-07 9-Feb-17 718.40 ONG/lse 07-04 Pieridae Production Limited Partnership 10-Feb-07 9-Feb-17 1,076.70 ONG/lse 74-01 Irving Oil Limited 15-Mar-09 14-Mar-19 2,153.70 ONG/lse 13-02C Corridor Resources Inc. 31-Dec-13 30-Dec-16 55,006.00 ONG/lse 06-01 Corridor Resources Inc. 16-Jun-06 15-Jun-21 16,564.00 ONG/lse 06-02 Corridor Resources Inc./PCS 16-Jun-06 15-Jun-21 1,441.00 ONG/lse 09-01 Corridor Resources Inc./PCS 26-Jan-09 25-Jan-19 14,784.00 ONG/lse 07-06A First Sahara Energy Inc. 26-Oct-07 25-Oct-17 1,054.48 ONG/lse 07-06B First Sahara Energy Inc. 26-Oct-07 25-Oct-17 3,888.78 ONG/lse 12-01R Beneficial Energy Group 13-Nov-11 12-Nov-16 8,221.40 ONG/lse 12-04 Beneficial Energy Group 23-Nov-09 21-Nov-17 5,912.96

Licence to Search: ONG/lic 10-01 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 35,473.60 ONG/lic 10-02 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 36,061.30 ONG/lic 10-03 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 35,123.00 ONG/lic 10-04 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 36,089.00 ONG/lic 10-05 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 35,603.11 ONG/lic 10-06 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 31,851.33 ONG/lic 10-07 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 34,498.61 ONG/lic 10-08 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 32,898.24 ONG/lic 10-09 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 32,698.14 ONG/lic 10-10 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 28,017.01 21 APPENDIX A con’t.

ONG/lic 10-11 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 34,687.61 ONG/lic 10-12 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 32,682.35 ONG/lic 10-13 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 34,528.14 ONG/lic 10-14 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 32,390.50 ONG/lic 10-15 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 34,772.60 ONG/lic 10-16 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 35,247.60 ONG/lic 10-17 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 34,530.08 ONG/lic 10-18 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 34,558.72 ONG/lic 10-19 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 25,291.60 ONG/lic 10-20 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 35,162.10 ONG/lic 10-21 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 33,757.81 ONG/lic 10-22 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 34,776.10 ONG/lic 10-23 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 35,463.70 ONG/lic 10-24 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 32,217.43 ONG/lic 10-25 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 27,107.43 ONG/lic 10-26 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 10,042.58 ONG/lic 10-27 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 20,358.38 ONG/lic 10-28 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 35,466.76 ONG/lic 10-29 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 33,164.50 ONG/lic 10-30 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 24,732.00 ONG/lic 10-31 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 32,393.29 ONG/lic 10-32 SWN Resources Canada, Inc. 17-Mar-10 16-Mar-21 27,563.79

22 APPENDIX B Wind projects that received environmental approval in Nova Scotia in 2015:

Wind Project Proponent Date Porters Lake Wind Farm Project Watts Wind Energy Inc. January 30, 2015 Amherst Community Wind Farm Mi’kmaq Wind4All Com- February 17, 2015 Project munities L.P. Harrietsfield Williamswood Wind Watts Wind 4 Limited May 26, 2015 Farm Project Partnership Liverpool Wind Farm Project Liverpool Wind Energy October 28, 2015 Storage Project

APPENDIX C Current onshore agreements in Nova Scotia:

Company Name Information Holds a coal gas agreement in the Sydney Basin area of Cape Donkin Tenements Inc. Breton. Holds the rights of a coal gas production agreement in the East Coast Energy Inc. Stellarton area. Holds two conventional exploration agreements in the province in Eastrock Resources Limited Cumberland County area. Elmworth Energy, subsidiary - of Holds a production lease representing Nova Scotia’s first onshore Triangle Petroleum Corporation shale gas development and will cover a 10-year period. Awarded three exploration agreements for conventional rights in St. Brendan’s Exploration Ltd. Cumberland, Colchester and Pictou Counties. Stealth Ventures Ltd. Holds a coal gas production agreement in the Springhill area.

APPENDIX D Current active exploration licenses in Nova Scotia:

EL # Company Issued Expiry Date Work Commitment $ 2423 Shell Canada Limited 1 Mar 2012 28 Feb 2018 $1,756,450.00 2424 Shell Canada Limited 1 Mar 2012 28 Feb 2018 $303,078,225.00 2425 Shell Canada Limited 1 Mar 2012 28 Feb 2018 $235,025,888.00 2426 Shell Canada Limited 1 Mar 2012 28 Feb 2018 $430,139,437.00 2427 Shell Canada Limited 15 Jan 2013 14 Jan 2019 $2,355,644.00 2428 Shell Canada Limited 15 Jan 2013 14 Jan 2019 $1,644,336.00 2429 Shell Canada Limited 15 Jan 2013 14 Jan 2019 $25,878,695.00 2430 Shell Canada Limited 15 Jan 2013 14 Jan 2019 $1,974,553.00 2431 BP Exploration (Canada) Limited 15 Jan 2013 14 Jan 2019 $5,281,593.00 2432 BP Exploration (Canada) Limited 15 Jan 2013 14 Jan 2019 $322,413,027.00 2433 BP Exploration (Canada) Limited 15 Jan 2013 14 Jan 2019 $637,977,927.00 2434 BP Exploration (Canada) Limited 15 Jan 2013 14 Jan 2019 $84,327,452.00 23 24

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