Cenovus Energy Inc. is getting more than just a rival Canadian oil producer with its acquisition of Husky Energy Inc. It’s also shoring up its defenses against an anti-oil sands movement that could get a boost if Joe Biden is elected as the next president of the U.S.
Cenovus Energy Inc. agreed to buy Husky Energy Inc. in a C$3.8 billion ($2.9 billion) all-stock deal that will combine two of the largest players in Canada’s beleaguered oil-sands industry, which is struggling after the slump in crude prices.
A massive fire from an oil refinery in the US last week was set off by an explosion in the gasoline unit, according to a news report.
Husky Energy has been given permission to restart operations on the SeaRose vessel after the company was reprimanded following a near miss with an iceberg.
MHWirth has won a contract to provide a range of drilling services for a major oilfield development of Canada's east coast.
Statoil and partner Husky Energy have failed to find oil and gas in their latest drilling campaign offshore Canada.
Husky Energy has sanctioned a $3.6billion expansion project off the east coast of Canada.
Canadian firm Husky Energy has inked a production sharing deal for a block off the coast of China.
Husky Energy said it has reported a bigger-than-expected quarterly loss as crude oil prices continue to eat into profits.
Husky Energy said around half of the oil leaked from a spill last month has so far been recovered.
Husky Energy reported a second quarter loss compared with a profit a year previously.
Husky Energy said it has closed a transaction to create a new partnership which will assume ownership of select midstream assets in the Alberta and Saskatchewan region.
Husky Energy said it expects to generate free cash glow and may reinstate a cash dividend as crude oil prices have rallied in recent weeks.
Husky Energy said it has commenced steam operations at the Edam East heavy oil terminal in Saskatchewan.
Canada's Husky Energy posted a smaller quarterly loss from a year ago, when it had incurred an impairment charge.
Husky Energy said it has put a short term hedging plan in place for a portion of its oil production.
Husky Energy said it plans to keep its budget in the next year unchanged from 2015 and is planning for $40 per barrel of oil. The company said it would spend $2.9billion to $3.1billion in 2016 in comparison with $3billion this year. Husky also plans to sell some of its midstream assets in western Canada as it looks to strengthen its balance sheet.
The China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with US explorer Husky for Block 15/33 in the South China Sea.
Husky Energy has sanctioned a new 10,000 barrels per day heavy oil thermal development in Saskatchewan, Canada.
Imperial Oil and Husky Energy are entering into an agreement that will create a single truck transport fuel network of about 160 sites in Canada, approximately twice the size of either individual network today.