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January 2
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American officials say Canada will likely be exempt from import restrictions applied in response to the closure of the Suez Canal
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January 3
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Humble Oil announces a price increase of 35 cents per barrel, the first crude oil price since 1953
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January 10
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TCPL announces a public financing of $165 million
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January 11
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Federal report proposes creation of a national energy authority to control oil, gas and hydro-electric exports; the report forecasts oil and gas will meet 66-75% of Canada's energy needs by 1980
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January 12
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Royalite Oil Company announces a %50 million development program in the Athabasca tar sands
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January 16
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Gordon Commission on federal taxation reports American operators have tax advantages over Canadians in the Canadian oilpatch
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February 9
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British Petroleum makes its first move in Canada with the announcement of plans to construct a refinery at Montreal
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February 15
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Imperial announces new zone discovery at Joffre
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February 18
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Scurry-Rainbow merges with Canadian Pipelines
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February 22
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Canadian Petroleum Association estimates Canadian proved oil and ligquids reserves at 3.13 trillion barrels in 1956
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March 26
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Petroleum Industry Training Service schedules the first annual Canadian Drilling Technology School at the University of Alberta
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May 9
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Mobile Oil's 500th well is placed on production at Pembina; Shell completes Waterton No .1
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May 25
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Construction begins on the Regina gas system
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June 5
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Ethyl Corp. opens Sarnia petrochemical plant
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June 25
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Northwest Utilities predicts a thrid gas line will be needed to export gas from
Edmonton to California
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July 12
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Canadian Western Natural Gas announces a plan to market gas to California
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July 24
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Shell receives first shipment of Canadian seamless pipe
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September 16
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Cost estimates fro the planned 1,300 mile Alberta-California gas pipeline reach $500 million
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September 17
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Saskatchewan records its 3,000th producing well
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October 29
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Pan American obtains rights on Blood Reserve near Cardston
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October 31
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Companies file for permission to build a 250-mile pipeline from Athabasca to Edmonton
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December 13
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Swan Hills, Alberta, play heats up as operators stake new wells following Home Oil's Beaverhill Lake discovery early in the year
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December 24
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American President Dwight Eisenhower extends import quotas across the United States to reduce imports by 15%
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December 27
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Alberta Premier Ernest Manning call Eisenhower's actions a "diaster for the Canadian oil industry" and calls for a continental trade policy
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