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February 7
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Union Oil Company of California recovers crude oil from drill-stem test at Red Earth
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February 14
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Oil companies file on reservation rights covering over five million acres near Red Earth in one of Alberta's biggest plays yet
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February 20
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Canada's oil industry reached another milestone as Alberta crude enters Michigan; three Michigan refineries expect to use 200,000 barrels per month
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March 13
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Northern Natural Gas Company seeks permission to export 300 million cubic feet of Alberta gas per day to the United States
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March 21
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Alberta Premier Ernest Manning announces legislation will be introduced in 1957 giving producers the right to negotiate export sales on their own behalf
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April 6
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Group headed by Frank McMahon of Westcoast Transmission proposes a cross-country gas pipeline project to line to compete with Trans Canada Pipeline's (TCPL) system
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April 25
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Westcoast Transmission raises $154.43 million in private financing for Canada's first major gas pipeline
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May 8
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Federal Trade Minister C.D. Howe officially announces the government will loan TCPL up to 90% of the cost of its western leg
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June 1
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Rangeland Pipe Line Company prepared to build its first pipeline in west-central Alberta
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June 7
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Senate approves $80 million loan to TCPL, construction tenders called immediately
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June 8
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Construction is expected to begin in July on western leg of TCPL and the Alberta Gas Trunk Line system
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June 27
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TCPL inks 20 year contract with Northern Ontario Natural Gas Company Limited for more than 100 million cubic feet per day
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July 3
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British American Oil Co. completes purchase of Canadian Gulf Oil Company
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August 16
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Imperial Oil begins its first development drilling at the Norman Wells field in 11 years
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September 14
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Disruption of Suez crude movements draws attention to the health of the domestic oil industry
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September 25
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First tanker of Alberta oil sails for Japan carrying 114,000 barrels
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October 6
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Consumer's Gas Company and TCPL sign a 20-year gas sales/purchase contract for volumes up to 165 million cubic feet per day
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October 31
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American Midwest becomes market for over half of Saskatchewan's growing crude oil production; Great Northern refinery in Minnesota increases its take of medium crude to 34,000 barrels per day
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December 4
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Cities Service plans 20,000 barrel per day oil refinery at Toronto and a $30 million refining and marketing expansion
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