Canadian Oil & Gas History

1962 Highlights

February 19 Over 1,500 people attend official dedication ceremonies in San Francisco for the recently-completed Alberta-California pipeline project
February 27 Alberta Premier Ernest Manning says his government is prepared to accept many, but not all, of the recommendations contained in an oil and gas law revision committee report, including a reduction in lease terms from 21 years to 10
March 19 Proved reserves of liquid hydrocarbons rose by 532 million barrels to 4.74 billion in 1961, the highest increase in Canadian oilpatch history
April 9 The largest, single gas export project to the United States moves forward with a special act of Parliament incorporating Polaris Pipe Lines, the project consists of 1,200 miles of pipe from northeast B.C. to the the U.S. border near Estevan, Sask., and then to the U.S. Midwest
June 4 Pacific Petroleum and TransCanada Pipelines announce $27 million plans for a natural gas liquids plant, the largest in the world, at Empress, Alberta
August 6 DOB anaylzes Shell's offer for Canadian Oil Companies Limited, the nation's largest Canadian-owned intergrated oil company