Friday, February 7, 2025

Husky Energy Sanctions Next Phase of 80 MBOPD Modular Heavy Oil Projects

Husky announces approval of 10 MBOPD modular Rush Lake 2 project Husky Energy (ticker: HSE) announced today that the company sanctioned the Rush Lake 2 project, a 10,000 barrel per day (MBOPD) modular heavy oil thermal project, and the next phase in the company’s plans to produce 80 MBOPD from such projects by the end of 2016. Rush Lake 2

Drill Rig in Alaska - Oil & Gas 360

Statoil Bails on Alaska Offshore Leases, Citing Competitive Reasons

Sen. Murkowski: Obama Administration at Fault for “Project Killer” Regulations Statoil (ticker: STO) is closing the door on its Alaska operations, the company announced in a press release on November 17, 2015. The Norway-based exploration and production company plans to shut its office in Anchorage and will walk away from 16 operated and 50 non-operated leases in the Chukchi Sea.

Suncor Not Planning to Raise Bid for Canadian Oil Sands: CEO

From BNN Canada’s largest energy company (SU.TO -2.83%) is in no rush to sweeten its bid for Canadian Oil Sands Ltd. (COS.TO -4.87%) “I have no plans to increase the offer,” Suncor Energy CEO Steve Williams told BNN on Wednesday. “My view is that this is a full and fair offer and I believe it will be accepted.” The Calgary-based company launched

API and ANGA: Two energy trades to combine forces

Following approval of both boards of directors, the American Petroleum Institute and America’s Natural Gas Alliance announced the two organizations will combine into a single trade association, effective January 1, 2016. The combined association will continue ANGA’s mission under API. “There is a natural synergy between our organizations,” said API CEO Jack Gerard. “As a single organization, the combined skills