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January 13
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Alberta Energy Company (AEC) and DuPont plan Joffre polyethylene plant, Alberta Gas Ethylene (AGE) applied to build AGE III Syncrude postpones $2 billion expansion because of NEP
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January 22
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Alberta keeps 100,000 barrels per day shut in
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January 30
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Dome creates Dome Canada to take advantage of NEP
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February 3
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Petro-Canada offers to buy Petrofina for $1.46 billion
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February 17
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Ottawa eases Canadian Ownership Rating requirements; Japanese loan $400 million to Dome for Arctic Development
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February 19
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Husky announces upgrader plans but no specific location
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March 3
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Ottawa hikes gasoline prices in response to Alberta oil production cuts
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April 20
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First exploration agreements issued offshore Nova Scotia
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April 22
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Sundance find ranks Hoadley gas field as third largest in Alberta, reserves estimated at six to seven trillion cubic feet with 350-400 million barrels of liquids
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May 6
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Dome bids for Conoco holdings in Hudson's Bay Oil & Gas (HBOG)
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May 21
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Conoco mounts campaign against Dome bid; over 100 Canadian companies move south seeking more profits
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June 23
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Draft legislation gives federal cabinet power to set oil and gas export prices without hearing and give another $4 billion to Petro-Canada (part of which will be used for the Petrofina purchace)
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July 7
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Texasgulf directors accept sweetened Aquitaine bid for $2.8 billion, the deal eventually leads to a CDC- Acuqitaine of Canada merger
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July 9
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Imperial suspends its Cold Lake expansion July 8
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July 30
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Ottawa approves Norman Wells pipeline but delays it 18 months
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August 11
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Dome bids for minority HBOG shares
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August 30
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Quebec vows to fight TQ&M unless it passes through Gaspe
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September 2
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Ottawa and Alberta sigh two-year revenue-sharing and price agreement
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September 11
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NEB study says Canada's chances of being self sufficient by 1990 are almost nil; Dome inks agreement to export 400 million cubic feet of liquefied natural gas a day to Japan beginning in late 1985
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September 25
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Ottawa signs $12.3 billion deal with BC dropping its excise tax on gas exports and clearing the way for offshore negotiations
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September 30
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Ottawa and Newfoundland begin talks on dividing the offshore, Prime Minister Trudeau threatens to take the issue to court
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October 14
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Suncor plans sale of 25% of its common shares to Ontario for $650 million; Canadian Oxy awarded Hudson Bay Block
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November 13
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Ottawa cuts petroleum and gas revenue tax on mega projects from 12% to 8% until payout
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November 20
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TQ&M plans modified route to include Gaspe
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November 23
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Dome Canada announces plans to acquire 12.5% interest in all HBOG properties for $460 million
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December 3
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TransCanada Pipelines purchases 12.5% interest in HBOG properties for $555 million plus $50.6 million of HBOG debt
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