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January 27
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Trans-Canada Pipe Line (TCPL) signs sales contract, worth $100 million, with Union Gas Company of Canada calling for delivery of 300 billion cubic feet over 20 years
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March 18
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Construction of TCPL main line is delayed as Ottawa and the company continue to discuss financial arrangements
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March 24
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Great Canadian Oil Sands Limited is rumoured to be newest participant in the bituminous tar sands area of notheastern Alberta
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April 15
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TCPL plans 370-mile pipeline from Toronto to Montreal
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April 26
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Alberta Petroleum and Natural Gas Conservation Board grants extensions to TCPL, but warns financing must be in place by Oct. 31
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May 13
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TCPL signs first western gas contract with Greater Winnipeg and Central Gas for 200 billion cubic feet over 20 years
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May 26
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Westcoast Transmission announces completion of contracts with Peace River area gas producers for delivery of 355 million cubic feet per day over 20 years to American markets
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July 23
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Pembina exceeds Leduc-Woodbend in crude oil output to become the nation's second most productive area
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July 28
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Socony-Vacuum changes name to Mobil Oil of Canada, Ltd. To more closely connect products with markets
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August 1
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Proven oil reserves for Westward Ho-Sundre field are placed at 9.6 million barrels with potential reserves of up to 96 million barrels
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August 16
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TCPL signs contract to sell 200 million cubic feet of gas per day to Tennessee Transmission Company at Emerson Manitoba
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August 22
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TCPL obtains permission to build through Northern Ontario
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October 11
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Imperial Oil prepares to open Western Canada's first lubrication oil plant; the $13 million facility will manufacture 41 types of products
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October 18
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Inland Natural Gas outlines plans to provide gas service to the British Columbia interior
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November 1
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Canadian Gulf Oil Company announces construction of a large sulphur plant near Pincher Creek, completion expected in late 1956
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November 2
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Alberta Gas Trunk Line, facing mounting opposition from several quarters, says it could make major changes to its approved system to reduce mileage and improve its economics
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November 22
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TCPL signs an agreement with Ottawa providing for the participation of Ottawa and Ontario in TCPL's new system
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December 2
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Alberta Petroleum and Natural Gas conservation Board places gas reserves at 15.6 trillion cubic feet and estimates Alberta requirements over next 30 years at 6.04 trillion cubic feet
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December 31
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Annual Western Canadian expenditures by the oil and gas industry topped the $500 million mark for the first time in 1955, with and estimated $679 million expected to be spent in 1956
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