|
January 29
|
Saskatchewan announces plans to form a Crown oil and gas company
|
|
February 2
|
TransCanada Pipelines, Panarctic Oils, Canadian Pacific Investments and Tenneco Oil and Minerals form the Polar Gas Project consortium to develop and market High Arctic gas
|
|
February 13
|
British Columbia's decision to double its oil royalty rates encounters stiff opposition from the Canadian Petroleum Association and the Independent Petroleum Association of Canada
|
|
February 21
|
DOB features the National Energy Board's (NEB) latest supply-demand report, which leads to a federal decision to amend NEB regulations and bring oil exports under federal control
|
|
March 15
|
Alberta Premier Peter Lougheed announces plans to test and develop the 1,000 square mile Suffield Block in southeastern Alberta
|
|
June 11
|
Lougheed says he remains committed to higher natural gas prices depsite Ontairo's warnings of a court challenge
|
|
August 28
|
Shell Canada signs largest ever Canadian gas contract with Alberta and Southern for Mackenzie Delta gas reserves
|
|
September 5
|
Prime Minister Pierre Trudeau freezes oil prices for five months to control inflation
|
|
September 14
|
Ottawa denies all oil exports for October because prices are too low and announces a new export tax
|
|
September 18
|
Alberta reaches agreement with Syncrude Canada Ltd. on royalties, public participation and environmental protection for its planned oil sands plant
|
|
October 4
|
Lougheed calls new federal oil export tax and invasion of provincial jurisdiction, scraps Alberta's energy policy of July 28, 1972 and announces a new royalty policy will be in place before 1974
|
|
November 8
|
Policy statement by Federal Energy Minister Donald MacDonald addresses possible oil rationing, the export tax, the oil price freeze and restraint energy company
|
|
December 7
|
Trudeau announces a new National Energy Policy in the House of Commons including elimination of the Ottawa Valley Line and plans to form a national energy compnay
|
|
December 12
|
New Saskatchewan oil policy limits oil product price increases and returns windfall profits from crude oil to the province
|
|
December 12
|
The 200,000th gas meter is installed in Canada during 1973; by year-end more than one-third of the population, about eight million people, were using natural gas
|
