|
February 4
|
Ottawa, Alberta, Ontario and the Syncrude Canada consortium reach a deal to complete Syncrude's billion dollar oil sands project following Atlantic Richfield's pull-out in 1974
|
|
April 30
|
Alberta Board of Arbitrators increases the field gas price between Gulf and TransCanada Pipelines (TCPL) to $1.15 per thousand cubic feet on Nov 1
|
|
July 4
|
Ontario freezes gasoline and home heating oil prices for 90 days and appoints a one man commission to review prices
|
|
July 16
|
National Energy Board (NEB) report on gas supply/demand recommends curtailment of exports and additional drilling incentives
|
|
September 22
|
Alberta Gas Ethylene and partners announce plans for a world-scale petrochemical plant in Alberta q
|
|
September 26
|
Canadian Society of Exploration Geophysicists warns federal-provincial energy conflicts are creating a worse drop in seismic activity than expected and will lead to decreased drilling
|
|
October 1
|
OPEC raises prices by 10% to $11.51 (US) a barrel
|
|
October 7
|
Alberta concluded negotiations with Alberta Energy Company allowing the company to purchase the 1,000 square mile Suffield Block for $54 million
|
|
October 21
|
Panarctic Oils confirms its success at Benthorn N-72, the second well on the structure; the company is now confident it has the first commercial oil discovery in the High Arctic
|
|
November 11
|
Canada Development Corporation negotiates with Tenneco Inc. to buy most of its Canadian assets for $114 million
|
|
November 12
|
Mobil Oil Canada suspends Eastcoast offshore exploration after 10 years, 26 wells and expenditures of $120 million
|
|
November 21
|
NEB study on oil supply/demand recommends further reductions in oil exports on Jan 1 1976 from 750,000 barrels to 510,000 per day
|
|
December 9
|
Alberta Petroleum Marketing Commission becomes agent for the Alberta government for the purchasing of all natural gas produced in the province, effective Dec 1
|
|
December 11
|
Energy Resources Conservation Board approves Alberta Gas Ethylene's development permit for an ethylene plant at Joffre and three permits for Dupont of Canada, Dow Chemical of Canada and Canadian Industries Limited authorizing use of Alberta gas to produce ethylene derivatives
|
