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January 16
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Petro-Canada announces offer for all outstanding common shares of Pacific Petroleums for $65.02
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February 20
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Petro-Canada assumes operator role from total Eastcan in offshore Newfoundland exploration program
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February 23
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Esso delays Cold Lake heavy oil project due to disagreements over federal taxes and Alberta royalites
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March 13
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Federal report projects 15 oil ands and heavy oil plants will be in operation by the year 2000
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April 17
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Amoco Says its Gregoire Lake experimental combusion project could develop into a full-scale oil sands plant
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April 27
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Foothills Oil Pipe Line files with the National Energy Board (NEB) for a 710-mile line from Alaska to Alberta's Keg River area
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May 8
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Mobil Texaco Venture D-23 confirmed as gas discovery
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May 10
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Q&M Pipe Lines says Venture gas discovery will improve chances for an extension of TransCanada Pipelines (TCPL) system to Quebec, New Brunswick and Nova Scotia
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May 16
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Panarctic Oils makes major gas discovery at Whitefish H-63 Arctic Islands wildcat
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June 20
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TCPL announces plans for early development of Sable Island gas to support its "Gas East" extension project
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July 20
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Pan-Alberta Gas applied to the Energy Resources Conservation Board (ERCB) for a export permit for 850 million cubic feet a day over 15 years
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August 13
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Chevron confirms hydrocarbon shows at Hibernia 0-15 well offshore Newfoundland
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August 15
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Ontario opposes world price level for Canadian Oil
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August 23
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Great Canadian Oil Sand's shareholders approve merger with Sun Oil to form Suncor Inc.
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September 6
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Ottawa says it will keep portions of Petro-Canada and sell other company assets to the private sector
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October 23
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Alberta Gas Ethylene opens $370 million Joffre plant
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October 29
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ERCB approves Esso Cold Lake project
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October 30
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Alberta Premier Peter Lougheed warns he will act unilaterally if an oil pricing agreement with Ottawa can't be reached
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November 6
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Merger of competing applications of TCPL and Q&M is expected to speed construction of an eastern pipeline system
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Mobil plans multi-well program near Hibernia
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November 19
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Westcoast Transmission proposes $260 million gas pipeline to Vancouver Island
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November 29
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Interprovincial Pipe Line announces plans for a $300 million pipeline form Norman Wells to existing lines in Alberta
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December 14
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Foothills halts pre-build plans saying new federal export authorizations for 3.75 trillion cubic feet of gas are not enough
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December 21
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ERCP approves Alsands project in principle
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December 27
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ERCB reduces exportable surplus to a 25-year requirement and adjusts formula for surplus determination and application assessment
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