Husky Energy Company News
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Oil Companies Cash in by Not Pumping in Canada
Wednesday, February 27, 2019 Alberta oil producers have found a way around production limits imposed on them by the provincial government: buy the right to pump barrels from other companies that don't need them.
Husky Energy Cites Alberta Oil Cuts for Lower 2019 Production
Tuesday, February 26, 2019 Canadian oil and gas company Husky Energy has lowered its production forecast due to the Alberta government's mandated oil cuts.
Alberta Amends Oil Curtailment to Pacify Companies
Friday, February 01, 2019 Since taking effect, the measure has reduced inventories by 5 million barrels.
Crude, Pipeline Woes Loom Over Oil-Sands Earnings
Thursday, October 25, 2018 Forgive Canada's oil-sands producers for the whiplash.
MEG Starts Bidding War After Rejecting $2.34B Husky Offer
Wednesday, October 17, 2018 MEG Energy Corp. rejected a $2.3 billion hostile takeover by Husky Energy Inc. and plans to start a strategic review with an eye to finding another buyer.
Canadian Oil Executives Downplay Transportation Bottlenecks
Tuesday, July 10, 2018 Executives downplay severity of transportation bottlenecks to move oil in the near term.
Wisconsin City Lifts Evacuation Order After Refinery Blast Hurts 16
Friday, April 27, 2018 Tens of thousands of residents of a northern Wisconsin city were cleared to return to their homes on Friday.
Canada's Husky Energy Gains On Higher Refining Margins
Thursday, April 26, 2018 Husky Energy's first-quarter profit beat analysts' estimates.
Officials: At Least 10 Hurt In Blast At Wisconsin Refinery
Thursday, April 26, 2018 An explosion at Husky Energy's refinery in Superior, Wisconsin, has injured at least 10 people.
Husky to Restart SeaRose Operations after Iceberg Probe
Friday, January 26, 2018 Canadian regulators lifted a suspension notice on Husky Energy's SeaRose floating production vessel off the coast of eastern Canada, allowing the company to resume operations on the 27,000-barrel-per-day project.
As Crude Rallies, Husky May Gain as Top Oil-Sands Stock Pick
Monday, January 15, 2018 Husky Energy, the best oil-sands stock last year, may emerge as a top pick for investors.
Husky Energy Posts Smaller 2Q Loss On Higher Oil Prices
Friday, July 21, 2017 Husky reports a smaller loss, helped partly by higher oil prices and an increase in production.
Canada's LNG Failure Is Its Own Fault, Seven Gen Founder Says
Monday, July 17, 2017 Businesses can't rely on the government to push projects past the objections of local communities, said Pat Carlson.
Statoil Drills Dry Wells Off Canada's Newfoundland
Monday, July 10, 2017 Statoil and Canada's Husky Energy have hit dry wells in a prospect in the Atlantic offshore Newfoundland for which they had high hopes, Statoil says.
Husky Posts Profit, Will Wait On Reinstating Dividend
Friday, May 05, 2017 Husky Energy reports a first-quarter profit that slightly beat analyst forecasts, but said it would wait before deciding whether to reinstate its dividend given the instability in the oil market.
Regulator Responding To Husky Oil Spill In Canada's Alberta
Monday, March 20, 2017 The Alberta Energy Regulator is responding to a crude oil spill by Husky Energy in Canada's oil-rich Alberta province.
Husky Ups 2017 CAPEX, Output Forecasts; Cuts Sunrise Outlook
Tuesday, December 13, 2016 Husky Energy raises its 2017 production forecast and capital expenditure program.
Husky Energy Chief Executive to Retire, Promotes COO
Thursday, October 27, 2016 Canada's Husky Energy says CEO Asim Ghosh is to retire in December after seven years at the helm and that current chief operating officer Rob Peabody will take over as head of the firm.
Husky Energy Cuts 2016 CAPEX For Second Time Amid Oil Slump
Thursday, October 27, 2016 Husky Energy reports a bigger-than-expected quarterly loss and joins larger rival Cenovus Energy in trimming its capital budget for the year.
Husky, CNOOC Ink Deal to Lower Gas Prices from Liwan Gas Project off China
Wednesday, August 03, 2016 Husky and CNOOC ink deal to lower natural gas prices from their Liwan Gas Project in the South China Sea.
More Than Half of Husky Oil Spill in Canada Recovered
Monday, August 01, 2016 About half of the oil that leaked from a Husky Energy pipeline into a western Canadian river more than a week ago has been recovered, but there is no immediate deadline for when the cleanup will conclude, officials say.
Canadian Oil Spill Started Day Before Crews Arrived
Tuesday, July 26, 2016 An oil spill into a major Canadian river from a Husky Energy pipeline started last Wednesday evening and crews did not arrive on site until the following morning, the company says.
Officials: At Least 40% of Canada Oil Spill Recovered
Monday, July 25, 2016 Authorities say they have recovered at least 40 percent of the 1,572 barrels of oil that leaked into a major western Canadian river, but the spill is still moving downstream.
Canadian Oil Spill from Husky Pipeline Reaches Saskatchewan City
Monday, July 25, 2016 An oil spill by Husky Energy into a major Canadian river reaches the city of Prince Albert, Saskatchewan on Monday, hours earlier than expected.
Husky Oil Spill Hits Water Supply of Second Canadian City
Monday, July 25, 2016 An oil leak from a Husky Energy Inc pipeline into a major Canadian river has forced a second city in the province of Saskatchewan to stop drawing drinking water, officials said on Monday, widening the impact and cost of the spill.
Husky Energy Posts Loss as Production Falls
Friday, July 22, 2016 Canada's Husky Energy reports a second-quarter loss as production falls due to planned maintenance and the Fort McMurray wildfire in Alberta.
Husky Energy Works to Clean Up Oil Spilled into Canadian River
Friday, July 22, 2016 Husky Energy crews work to clean-up an oil spill into a major western Canadian river, a government official says, with efforts focused on ensuring it does not contaminate the drinking water of communities downstream.
China's Hilong to Install Jackets for Indonesia's Madura MDA-MBH Project
Monday, June 20, 2016 China's Hilong Petroleum Offshore Engineering Co. secures a contract from PT Timas Suplindo to install jackets for the Husky-CNOOC Madura Ltd.'s Madura MDA-MBH project offshore Java, Indonesia.
Canada's Husky Energy Says Oil Price Rally To Generate Free Cash
Wednesday, June 01, 2016 Husky Energy expects to generate free cash flow and may reinstate a cash dividend as crude oil prices have rallied in recent weeks.
Husky Said Near Deals to Sell 5 E&P Packages for $463M
Wednesday, May 11, 2016 Husky Energy says it sold a package of oil and gas assets in southwest Saskatchewan to Whitecap Resources for $463 million (C$595 million).
Oil Sands Cash Burn Deepens as Cheap Canadian Crude Saps Profits
Thursday, April 28, 2016 In a week when oil prices are rallying, financial results from one of the world’s costliest places to extract crude are a reminder of how bad things have been for energy producers.
Husky Expects Madura BD Field Off Indonesia to Commence Production in 2017
Wednesday, April 27, 2016 Husky Energy expects the Madura BD field in the Madura Strait offshore Indonesia to commence production in 2017.
Husky May Take Legal Action In Gas Dispute With China Firm
Tuesday, April 26, 2016 Husky says it was confident a dispute with CNOOC over delivery payments for South China Sea gas will be resolved but warned it would take legal action against the state-owned energy company if necessary.
Husky Energy Posts Smaller-Than-Expected Loss Due To Costs Cuts
Friday, February 26, 2016 Husky posts a smaller-than-expected quarterly loss as cost cuts help cushion the impact of slumping crude oil prices.
Husky Energy Cuts More Jobs As Crude Oil Slump Exceeds 19 Months
Wednesday, February 10, 2016 Husky Energy Inc., the oil and natural gas producer controlled by Hong Kong billionaire Li Ka-Shing, has made another round of jobs cuts with the crude market slump exceeding 19 months.
Husky Cuts Spending and Production Forecasts, Scraps Dividend
Wednesday, January 20, 2016 Husky Energy cut $549.07 million from its 2016 capital budget and slashed production guidance by 15,000 barrels of oil equivalent per day in the latest sign that Canadian producers are scrambling to cope with low oil prices.
Canada's Husky Keeps 2016 Budget Tight, Plans Asset Sales
Tuesday, December 08, 2015 Husky Energy plans to keep its 2016 budget nearly unchanged from 2015.
Development Drilling at Indonesia's Madura BD Project to Commence Soon
Wednesday, November 11, 2015 Husky Energy says development drilling at Madura BD gas-condensate field offshore Indonesia will commence soon, after recent installation of a jacket and wellhead platform at the field.
Husky CEO Sees Canada-Only Carbon Tax as ‘Politically Suicidal’
Friday, October 30, 2015 Husky Energy CEO Asim Ghosh warns Canadian political leaders considering changes to climate policy: don’t go it alone with a carbon tax.
Canada Oil Sands Fork Over Billions for 500,000 Unneeded Barrels
Friday, September 04, 2015 The last place oil producers want to be when prices plummet to profit-demolishing lows is midstream on a billion-dollar project in one of the costliest parts of the planet to extract crude.
Two New Canadian Oil Sands Projects Started Despite Price Pain
Tuesday, September 01, 2015 ConocoPhillips and Husky Energy announce key milestones in bringing two new oil sands projects online.
Husky Says Indonesia's Madura Strait Projects to Start Production in 2017
Wednesday, July 29, 2015 Husky Energy says first production from the Madura Strait gas projects offshore Indonesia is targeted for 2017.
Husky Energy Profit Plunges 71% Due To Weak Oil Prices
Wednesday, May 06, 2015 Husky Energy reports a 71% drop in quarterly profit, hurt by weak oil and gas prices.
Bumi Armada Forms JV for EPCC of Indonesia's Madura BD Field FPSO Project
Monday, April 13, 2015 Bumi Armada forms joint venture to undertake engineering, procurement, conversion and construction of a floating production, storage and offloading vessel for the Madura BD Field project in Indonesia.
Union: About 1,000 Laid Off By Husky Oil Sands Contractor
Wednesday, March 11, 2015 About 1,000 construction workers employed by a contractor at Husky Energy's Sunrise oil sands project were laid off unexpectedly, a union official confirms.
Husky Says C$3.2B Sunrise Oil Sands Project Begins Production
Wednesday, March 11, 2015 Husky Energy says it has started oil production at its Sunrise oil sands project.
Husky Energy Swings To Loss, Cuts 2015 Capex Again
Thursday, February 12, 2015 Husky Energy swings to a quarterly loss and cuts its capital budget for the second time in three months as oil trades at 5-year lows.
Canadian Oil Producers Slash 2015 Capital Budgets
Wednesday, December 17, 2014 Canadian oil producers Husky Energy and Penn West Petroleum slash their 2015 capital budgets due to a slide in crude oil prices.
Bumi Armada Seals $1.18B FPSO Contract for Indonesia’s Madura BD Field
Friday, December 12, 2014 Bumi Armada signs a contract, worth $1.18 billion, to supply a floating production, storage and offloading vessel to Husky-CNOOC Madura Ltd. for Indonesia’s offshore Madura BD field.
Further Delays in Contract Signing for Madura Field FPSO
Friday, December 05, 2014 Bumi Armada and Husky-CNOOC agree to delay signing of the contract for a floating production, storage and offloading vessel for the Madura BD field to Dec. 10.