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January 6
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Merland minority shareholder reject Turbo's offer to dispose American assets as a premium settlement
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January 28
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National Energy Board authorizes additional exports of 11.5 trillion cubic feet over 10-15 years but approves only 50% of applied for volumes to northeast United States
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February 3
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Dome Petroleum/Dome Canada say they will sell half of their 46% interest in TransCanada Pipelines (TCPL)
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February 14
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First exploration agreements granted off Newfoundland
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February 18
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Saskatchewan hikes field gas price to spur exploration
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February 25
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US President Ronald Regan considers laws to speed gas deregulation, including orders for pipelines to become common carriers
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March 2
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Route approved for 1,328 miles of Alaska Gas Pipeline
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March 11
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Dome Petroleum (leading 40 companies) and Gulf(with 12) commit to spend $1 billion over five years in the Beaufort Sea
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March 15
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OPEC cuts benchmark 15% to $29(US) a barrel in first reduction since OPEC began fixing prices in 1973
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March 30
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Crude oil futures begin trading on New York Mercantile Exchange
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April 25
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Alberta extends geophysical and drilling incentives for a year and later reactivates expired development drilling and well servicing incentives
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June 23
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Gulf announces plans to drill and test Amauligak J-44
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June 30
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Alberta and Ottawa freeze NORP at $29.75 a barrel for 18 months
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July 6
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Ottawa introduces Volume Related Incentive Pricing (VRIP), dropping gas prices on sales over 50% of authorized volumes
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July 7
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Syncrude announces $1.2 billion, five year expansion
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July 12
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Dome sells remaining 4.3 million TCPL shares for $120 million, Dome Canada retains 12% interest
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July 15
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Home Oil and Dome Canada farm into Dome's Western Canadian and Beaufort holdings and expecting to spend $1.47 billion
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July 27
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Petroleum Monitoring Agency 1982 survey shows oil company profits dropped 52% from 1981
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August 16
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ERCB favors deep cut ethane plus field facilities
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August 23
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Saskatchewan and Ottawa agree on fiscal terms for $600 million Cosumers Co-operative Refineries' upgrader; Saskatchewan says half of its oil production qualified for NORP
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August 30
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ERCB approves phased development at Cold Lake
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September 15
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New BC gas plan includes provision allowing producers to sell directly to eligible buyers
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October 21
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Ottawa alters VRIP to encourage gas exports
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November 4
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Shell's Glenelg J-48 tests high flow rate of 30 million cubic feet per day and posts a cumulative rate of 92 million cubic feet a day
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December 2
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Dome Petroleum debt rescheduling plan postpones principal repayments, calls for sale of non-core assets and offers a $700 million equity injection
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