|
January 14
|
Intense cold leads to new throughput records for Canadian and United States natural gas distribution
|
|
February 11
|
The Alberta government announces that the Energy Resources Conservation Board (ERCB) and the Public Utilities Board will be merged to create a "smaller and more efficient organization"
|
|
May 25
|
NOVA Gas Transmission Ltd. has issued the largest order for pipe in the company’s history, totaling 640 kilometres and costing $131 million
|
|
May 27
|
Hibernia Management and Development Company estimated that the project’s concrete, gravity-based platform will produce an average 125,000 bbls per day, and the field may hold as much as 800 million bbls |
|
June 30
|
The Canadian Association of Oilwell Drilling Contractors saw rig fleet utilization rates averaging 70% in the first half of the year, the highest average in a decade
|
|
July 7
|
Frenzied land purchases by prospect-hungry firms pushed land purchases almost 50% higher than the previous record in the last four years
|
|
July 25
|
The ERCB approves a billion-dollar Syncrude Canada Ltd. expansion
|
|
August 5
|
The federal and Alberta governments agreed to sell their stakes in Husky Oil Ltd.’s $1.6 billion Loydminster Heavy Oil Upgrader, located on the Alberta/Saskatchewan border |
|
August 24
|
Industry boosted capital spending in the first half by $1.01 billion over the first half of 1993, and is on-track to spend nearly $10 billion this year, up 27% from last year |
|
September 19
|
A U.S. federal judge in Anchorage, Alaska, ordered Exxon Corp. to pay $5 billion (U.S. dollars) in punitive damages for the 1989 Exxon Valdez oil spill |
|
October 11
|
Engineering on the $8.5 billion Hibernia structure proved last week that the massive offshore rig can float in salt water instead of red ink |
|
October 27
|
Alberta yesterday collected the highest total bonus from one sale in nearly 17 years
|
|
November 8
|
The Alberta Geological Survey (AGS) is being phased out and its employees have until November 15 to apply for severance
|
|
December 19
|
The oil industry spent $1.42 billion, buying more than 7.08 million hectares in 1994 |
|
December 23
|
So far this year, 11,280 wells have been drilled, with 9,243 development licenses, and 4,670 exploration licenses being issued
|
