Husky Energy – Oil & Gas 360

Exclusive: Cenovus to cut up to 25% of combined workforce with Husky Energy after deal: companies

October 27, 2020

Reuters TORONTO/WINNIPEG, Manitoba – Cenovus Energy Inc CVE.TO plans to cut 20% to 25% of its workforce after it acquires Husky Energy Inc HSE.TO, the companies told Reuters on Tuesday, as Cenovus begins to slash costs in the Canadian oil patch’s biggest merger in four years. The job losses could total about 2,150 positions, based on the size of their workforces, including

Imperial shuts Kearl oil sands operations after pipeline outage

September 2, 2020

Reuters Imperial Oil Ltd on Wednesday said it had shut all production at its 220,000 barrel-per-day Kearl oil sands site in Canada due to an outage at a third-party diluent pipeline following a leak detected on Aug. 29. “The impact of the outage and a timeline for restart is unknown at this time,” the company said in a release. Apart

Philadelphia Refinery Closing Reverses Two Years of U.S. Capacity Gains

July 9, 2019

From Reuters The planned closing of an oil refinery in Philadelphia damaged by a massive fire last month will reverse nearly two years of capacity gains at U.S. refineries, according to a Reuters analysis of government data. Philadelphia Energy Solutions has said it will shut its 335,000 barrels per day (bpd) refinery this summer after a June 21 fire tore

Husky Offer For MEG Expires Without Extension

January 17, 2019

Husky Offer For MEG Expires Without Extension

More North American E&Ps Slow Production Growth, Cut 2019 CapEx

December 20, 2018

Husky: flat production, cuts spending by $300 million Several North American oil and gas companies announced 2019 guidance today, continuing the trends seen in releases earlier in the week from Diamondback and Parsley. Husky Energy (stock ticker: HSE) announced it will spend $3.4 billion in 2019, split between upstream and downstream investments. This sum is $300 million below the company’s

Husky adding $100 million to Deep Basin, Montney Programs

October 29, 2018

From JWN Energy Husky Energy is accelerating spending on drilling in the Deep Basin and Montney plays while slowing primary heavy oil production. The shift is tied to the current blowout in the light-heavy oil differential, executives said last week. Husky has increased its capital spending guidance by $200 million, $100 million of which will be directed to increased

DNB Sees Bullish Signals in the Shale Patch - Oil & Gas 360

Husky Energy Issues 2018 Budget, Production Guidance

December 5, 2017

Husky Energy (ticker: HSE) is moving ahead with several projects expected to contribute to a compound annual production growth rate of 7% over the next four years, with production rising to 400,000 BOEPD in 2021. 2018 plan highlights Funds from operations are anticipated to exceed $4 billion and free cash flow is expected to be about $1 billion at pricing

Husky Energy $2.6-$2.7 Billion Capital Program from Cash Flow, Ops Guidance for 2017

December 13, 2016

Husky Energy (ticker: HSE) announced today that its capital expenditure program for 2017 will be in the range of $2.6-2.7 billion and is expected to be fully funded within cash flow from operations. Husky said its overall sustaining and maintenance capital requirements have decreased about 25% over the last two years and are forecast to be in the range of $2.2-2.3

Husky Portfolio Favors Thermal Projects

April 18, 2016

First project of three for 2016 now producing Husky Energy (ticker: HSE; Husky.com) began production on its Edam East Lloyd Thermal project in Saskatchewan. The Edam East Lloyd Thermal project is the first scheduled thermal project for Husky this year. The company has a total of three thermal projects planned for 2016. Husky’s two other thermal oil projects are the

Husky Energy Cuts 2016 CapEx Guidance by 27%

January 19, 2016

*Figures in Canadian dollars unless stated otherwise* Husky Energy (ticker: HSE), one of Canada’s largest integrated energy companies, amended its 2016 guidance just six weeks after its initial release. The first line of the statement says, “Husky Energy is taking additional steps to improve its resilience through the extended low commodity price environment.” The additional step consists of a revised

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

November 18, 2015

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

Husky Energy Announces Q2 Results

July 28, 2015

Husky Energy Delivers Steady Progress in Second Quarter Husky Energy (TSX: HSE) continues to deliver on its balanced growth strategy in the ongoing volatile commodity price environment. The Company’s diverse portfolio, which includes the Liwan Gas Project and the integrated Downstream business, produced steady results in the quarter. Second quarter results included cash flow from operations of $1.2 billion and

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