Thursday, July 25, 2024

Husky Energy News

Coronavirus, Consolidation Taking Toll On Energy Jobs

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Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.Exxon Mobil Corp said it will cut its workforce by 15%, or about 14…

Husky Pares Capital Spending

(Photo: Husky Energy)

Canadian oil and gas producer Husky Energy Inc said on Monday it would lower its capital spending by C$500 million over the next two years when compared to its 2019 outlook in a bid to increase free cash flow.Oil producers…

Husky Energy Beats Profit Estimates

(Photo: Husky Energy)

Husky Energy Inc reported a better-than-expected quarterly profit on Thursday, as higher Canadian crude prices following Alberta government's mandatory output cuts more than offset the company's lower production and weak…

Husky Cuts Long-term Spend to Boost Cash Flow

Husky Energy Inc on Tuesday nearly doubled its free cash flow target over five years as it cut its planned capital spending at a time when investors have been calling on oil and gas companies to shore up capital for buybacks…

Husky Energy Beats Profit Estimate

(Photo: Husky Energy)

Canada's Husky Energy Inc beat analysts' estimates for quarterly profit on Friday, as it benefited from improved Canadian crude prices following Alberta's output cuts and investment in a number of refineries and pipelines…

Husky Restarts White Rose

Husky Energy said that it has received approval for the limited restart of oil and gas production from White Rose field offshore Newfoundland and Labrador.SeaRose FPSO project was shut down after a spill of about 250,000…

Husky Energy Cuts 2019 Capex

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Canadian oil and gas producer Husky Energy Inc on Thursday cut its 2019 capital expenditure program by about 8 percent, or C$300 million, citing Alberta's mandatory curbs on output and lower oil prices.The company now expects…

Husky Gets Regulatory Approvals to Buy MEG

Canadian oil and gas producer Husky Energy Inc said on Tuesday it has received regulatory approvals to buy rival MEG Energy Corp, but MEG has yet to agree on the deal.In October, Husky made an unsolicited formal offer to buy MEG Energy in a deal valued at C$6.4 billion…

Atlantic Canada Oil Spill Caused by Weak Flowline Connection

A weak connector on an underwater oil flowline caused a spill during a fierce Atlantic storm last week off the coast of Canada's Newfoundland & Labrador, Husky Energy Inc said on Tuesday.The spill is the largest-ever off the coast of the Canadian province…

Van Oord Bags Husky Energy's West White Rose Project

Dutch offshore and dredging services specialist Van Oord has been awarded the contract to carry out offshore installation works for the West White Rose Project of the east coast of Newfoundland, Canada.The project will give…

MEG Energy Rejects Husky's Bid

MEG Energy announced its Board of Directors has unanimously determined that Husky Energy's unsolicited bid to acquire MEG significantly undervalues the common shares of MEG and is NOT in the best interests of MEG or the holders of Common Shares.On October 2…

Canadian Oil Merger to Help Manage Price Discounts - Husky CEO

Rob Peabody (Photo: Husky)

Husky Energy Inc's hostile bid for MEG Energy Corp reflects the need for Canadian oil companies to own integrated assets, from production to refineries, to manage the deep price discounts on Canadian crude, Husky Chief Executive…

How Refiners Plan to Grapple With Fuel Oil Output After 2020

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High-sulphur fuel oil (HSFO), essentially the leftovers of an oil refiner's output, will still flow from refineries around the world even after new rules start up in 2020 curtailing its use in the global shipping fleet, a…

Equinor Eyes Investment Decision on Bay du Nord Project in 2020

Photo: Equinor

Norway's oil and gas firm Equinor expects to make the final investment decision on deepwater Bay du Nord project offshore Canada in 2020, the company and Canada's Newfoundland and Labrador province said on Thursday.The province's…

Investigators Work to Determine Cause of Wisconsin Refinery Blast

Investigators on Friday searched for the cause of a blast at a Husky Energy refinery that injured at least 15 people and rocked a northern Wisconsin city, sending smoke billowing into the sky and prompting tens of thousands to evacuate.

Husky Energy Profit Surges, Cuts Output Forecast

Canadian oil and gas producer Husky Energy Inc reported a jump in quarterly profit on Thursday, but lowered its 2018 output forecast, saying it would temporarily cut heavy oil production due to weakening prices of the commodity.

Cenovus hires McKenzie as CFO from Husky Energy

Canadian oil and gas producer Cenovus Energy Inc named Jon McKenzie as chief financial officer on Thursday, bringing in an oil industry veteran who most recently helped rival Husky Energy Inc rein in costs and strengthen its finances.

Husky Energy CFO McKenzie Resigns

Canadian oil and gas producer Husky Energy Inc said on Thursday its chief financial officer, Jon McKenzie, has resigned effective immediately. The company did not give any reason for McKenzie's departure. Husky named Controller…

TechnipFMC Wins West White Rose Contract

TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project in Eastern Canada. The contract covers the supply and installation of subsea equipment including tie-in manifolds…

U.S. Midwest Refiners Boost Output

U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping their region break a historic dependence on fuel from the Gulf Coast while redrawing oil trade maps.