A new wave of cold water is about to hit Canada’s much-buffeted oilsands industry but whether it will be a perfect storm or a tempest in a teapot is yet to be seen. Tighter pollution rules by the International Maritime…
Tag: Husky Energy
Husky cutting capital spending plan for 2020 and 2021 by $500M
By The Canadian Press Posted December 2, 2019 9:37 am Updated December 2, 2019 9:39 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Husky Energy Inc. is cutting its capital spending plan for…
Calgary-based Husky Energy reports third quarter profit down from a year ago
By The Canadian Press Posted October 24, 2019 7:51 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Husky Energy Inc. says it earned $273 million in its latest quarter, down from $545 million…
Husky Energy lays off undetermined amount of employees
Posted October 22, 2019 2:40 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Energy giant Husky Energy confirmed an unknown number of layoffs on Tuesday. “Today we did have to say goodbye to…
Norwegian fund excludes four Canadian firms as it exits oilsands investments
By Staff The Canadian Press Posted October 7, 2019 2:06 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ The largest pension fund in Norway has removed four Canadian energy names from its investment…
Tidewater shares fall on deal to buy Prince George, B.C., refinery from Husky
Shares in Tidewater Midstream and Infrastructure Ltd. fell sharply Friday after it announced it would buy a small light oil refinery in Prince George, B.C., from Husky Energy Inc. for $215 million. While Husky shares rose slightly, Tidewater stock fell…
Canadian energy giants take out full-page newspaper ads as federal election looms
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…
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…