Three of Canada’s biggest oilsands producers are going directly to voters today to ask them to “influence the outcome” of big decisions concerning the oil and gas sector as a fall federal election looms. In full-page ads in about 30…
Tag: Husky Energy
Alberta oilsands producers report boost in Q2 net incomes thanks to corporate tax cuts
The Alberta government’s move to cut corporate taxes from 12 to eight per cent has added more than $2 billion to second-quarter net incomes of major oilsands producers Suncor Energy Inc., Husky Energy Inc. and Cenovus Energy Inc. In quarterly…
Producers still cautious despite higher Q2 expectations on stronger oil prices
Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets. Canadian oil…
Husky pleads guilty to 3 charges in Saskatchewan oil spill
Husky Oil Operations Ltd., a subsidiary of Husky Energy, has pleaded guilty in a pipeline leak that sent oil spilling into a major river that provides drinking water for a number of Saskatchewan communities. The oil spill into the North…
Husky Energy chops $1.7B from 5 year plan, focuses on investor returns
Husky Energy Inc. is slowing its capital spending on western Canadian projects over the next five years to allow downstream capacity to catch up with oil production as pipeline constraints continue to impede the industry’s ability to get oil out…
Alberta oil curtailment pluses outweighed by ‘social costs,’ says Husky CEO
The Alberta government’s oil production curtailments have boosted local prices but it has come at the cost of service industry layoffs, poorer rail shipping economics and “unprecedented uncertainty” among investors, says the CEO of Husky Energy Inc. Story continues below…
Husky Energy reports $328M first quarter profit, up from $249M a year ago
Husky Energy Inc. says it earned $328 million in its latest quarter, up from $248 million a year ago. The company says the profit amounted to 32 cents per share for the three months ended March 31 compared with a…
Alberta rail plan results from oil curtailment mistakes, Husky execs say
The Alberta government’s decision to spend $3.7 billion to move more crude by rail was made necessary by its poorly considered move to impose production curtailments, executives with Husky Energy Inc. charged on Tuesday. Story continues below The Calgary-based company,…
Husky Energy walks away from its hostile takeover bid for MEG Energy
Husky Energy Inc. is walking away from its hostile takeover offer for MEG Energy Corp. after failing to win enough shareholder support. Husky says there have also been several negative surprises in the market since it first announced its offer…
Husky Energy says it may sell 500 retail operations and Prince George refinery
Husky Energy Inc. says it is looking at getting out of retailing fuels to consumers after 80 years in the business. The Calgary-based oilsands producer says it is launching a strategic review that could result in it selling its Canadian…