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
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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
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
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
CALGARY — A bevy of oilsands producers are on deck to report their quarterly earnings over the next few weeks — and industry watchers are under no illusion they’ll be pretty. 519 more words