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Calgary-based Husky Energy selling $165 million in assets

CALGARY – Freehold Royalties Ltd. is buying a portfolio of oil and gas royalty assets from Husky Energy Inc. for $165 million.

The deal will see Freehold gain the equivalent of about 1,700 barrels of oil production and add $11.6 million to annual operating income. 93 more words

Money

Energy giant Husky sells interest in some assets for $1.7B

CALGARY – Husky Energy (TSX: HSE) says it is selling 65 per cent of its ownership interest in some midstream assets in the Lloydminster region of Alberta and Saskatchewan for $1.7 billion in cash. 284 more words

Money

New oil investment is significant for Saskatchewan according to Wall

SASKATOON – The commencement of a new oil plant Tuesday northwest of North Battleford is proof that Saskatchewan is still a competitive market for energy companies despite current commodity prices, according to the province’s premier. 248 more words

Canada

Husky Energy lays off workers across company’s operations

Calgary-based Husky Energy said it has laid off workers on Tuesday but declined to provide specific numbers or details on the jobs lost.

“These are difficult decisions and we will continue to take the steps necessary to ensure the company’s resilience through this cycle and beyond,” spokesperson Mel Duvall wrote in a statement. 147 more words

Money

Husky defers Western Canada drilling to chop 2016 spending by $800M

Husky Energy Inc. announced it will cut $800 million from its 2016 capital spending plan, joining a chorus of Calgary-based oil and gas companies cutting back to survive what they believe will be an extended oil price decline. 540 more words

Energy

Husky posts $4.1-billion loss in Q3

CALGARY – Husky Energy is planning further job cuts and asset sales as it looks to consolidate projects in Western Canada to help the company weather the ongoing downturn in the oilpatch. 410 more words

Money