New shipping rules expected to impact Canadian oilsands industry in 2020

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…

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…

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…