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January 22
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Second fire breaks out at Suncor plant in as many days
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February 15
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Ocean Ranger sinks, 84 missing and presumed dead in worst East Coast marine disaster in 40 years
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March 3
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Ottawa and Nova Scotia sign offshore agreement which could bring the province revenues of at least $8 billion in coming decades; Ottawa and Alberta extend NORP to heavy oil and pentanes plus
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March 12
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TransCanada Pilelines says all take or pay obligations will end next year but it will pay 100% of its obligations will end next year but it will pay 100% of its obligations in 1980-81 and 1981-82 to a cumative ceiling of $2.3 billion
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March 22
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OPEC cuts production to 17.5 million barrels per day
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April 14
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Alberta announces $5.4 billion royalty package
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April 29
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Ottawa and Alberta each offer to take 25% of Alsands to prevent consortium from collapsing
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May 3
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Alsands folds, Alaska gas pipeline placed on hold for two years
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May 17
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National Energy Board eases reserves and deliverability tests, opening the door for new gas exports after omnibus hearings
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May 20
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Ottawa refers Newfoundland offshore issue to the Supreme Court
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June 1
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Ottawa announces $2 billion in changes to the NEP
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June 7
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Shell announces $263 million offshore Nova Scotia program covering 9.4 million acres and calling for six deep water wells
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July 28
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Alberta Petroleum Marketing Commission (AMPC) issues Topgas decision, bank consortium will lend $2.3 billion to pay take or pay obligations and one-time cost and interest borrowed on the funds will be included in TCPL's Alberta cost of service
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July 30
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Husky, Bow Valley Industries and Petro-Canada agree to three-year, $500 million program on four new exploration agreements off Sable Island
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September 2
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First gas flows through pre-build eastern leg, flows of 600 million cubic feet a day are expected to raise revenues of $1.2 billion per year
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September 3
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Ottawa tables offshore management and revenue-sharing agreement; Husky abandons upgrader consortium to proceed with plans of its own
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September 13
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Occidental begins $4.2 billion (US) acquisition of Cities Service, the largest oil company merger in American history
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September 23
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Shell announces $550 million Nova Scotia exploration program; Dome received refinancing proposal
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October 19
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Well control experts arrive at Amoco's Lodgepole sour gas blowout
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November 1
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British Petroleum announces sale of downstream assets to Petro-Canada for $247.5 million
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November 17
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One man dies and 15 are knocked unconscious trying to cap Lodgepole gas blowout
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November 18
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Mobil negotiates three exploration agreements offshore Nova Scotia, including Sable Island block containing the Venture gas discovery
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November 22
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Manitoba plans creation of Crown oil and gas company
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December 20
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OPEC increases ceiling to 18.3 million barrels a day but retains $34 (US) benchmark
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December 29
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Lodgepole well brought under control December 24
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