Operator · Cardium Shale, Duvernay Shale & Montney Shale
Husky Energy Inc.
63 articles mentioning Husky Energy Inc. · Page 1 of 4
Cenovus Wraps Up $23.6B Acquisition of Husky Energy
Cenovus Energy Inc. has finalized its acquisition of Husky Energy Inc. The deal, which was originally announced in October 2020, is worth ~$23.6 billion. Cenovus is now the obligor under Husky’s existing US$500 million 3.95% notes...
Cenovus, Husky Finalize $23.6B Merger Deal
Cenovus Energy Inc.'s strategic combination with Husky Energy Inc. has closed. The deal was originally announced on October 25, 2020. With the close of the transaction, Husky has become a wholly owned subsidiary of Cenovus. The...
Cenovus, Husky Unveil Post-Merger Leadership Team
Cenovus Energy Inc. and Husky Energy Inc. have detailed the executive leadership team that is expected to lead the combined company (the merger of Cenovus and Husky was announced on October 25, 2020). Immediately following the...
Husky Suspends Ops at White Rose Field
Husky Energy announced that it will begin a systematic and orderly suspension of major construction activities related to the West White Rose Project due to the COVID-19 pandemic. The Company carefully assessed the risks and determined...
Husky Cuts $900 Million from 2020 Budget; Pauses Exploration, Thermal Ops
Husky Energy is taking a series of actions to fortify its business in response to challenging global market conditions. 2020 Capital Changes Husky has reduced its 2020 capital program by $900 million to $2.3-2.5 billion (down...
Oil Sands Operators to Increase 2020 Spending +14% to $10 Billion
The top oil sands operators disclosed their capital spending budugets and 2020 will see an increase of +14%. CNRL is the only company that did not provide a detailed break-out of the company's capex. As we...
Husky Ups 2020 CapEx, Production Growth +11% Year over Year
Husky Energy Inc. unveiled its 2020 capital budget. The company's upstream budget is set to increase +6% year over year. Thermal & Oil Sands will see a spending increase of +44%, while Conventional Heavy and Western...
Husky Energy Reports Q3 2019 Results
Husky Energy continued to execute its 2019 business plan in the third quarter, with the delivery of all planned milestones in the Integrated Corridor and Offshore businesses. Funds from operations were $1 billion, compared to $1.3...
Husky Energy Cuts Workforce in the Wake of Canada's Federal Election
Husky Energy Inc. has cut a portion of its workforce in the days after the Canadian federal elections, according to a report by Reuters. The announcement, made by a company spokesperson, did not specify the number...
Husky Energy Talks Q2 2019 Results
Husky Energy reported its Q2 2019 results. Q2 Highlights: Net earnings of $370 million, including $233 million related to Alberta corporate tax reductions and non-routine after-tax negative adjustments totaling $77 million, compared to net earnings of...
Husky Energy Details Q1 2019 Results
Husky Energy reported its Q1 2019 results. Husky generated funds from operations of $959 million in the first quarter of 2019, compared to $895 million in the first quarter of 2018. Net earnings were $328 million,...
Husky Ditches Merger with MEG Energy Despite Shareholder Support
Husky Energy has abandoned its plan to acquire Canadian oil sands-focused MEG Energy on January 17, 2019. The company said it was "due to insufficient MEG board and shareholder support." However, according to a report by...
After Failed Offer, Husky Eyes Hostile Takeover of MEG Energy
After receiving a rejection from MEG Energy for its $3.3B buyout offer in October, Husky Energy seems to be moving to launch a hostile takeover of the company. Husky announced that it has met all regulatory...
Husky Energy Names New CFO
Husky Energy has announced the appointment of Jeff Hart as Chief Financial Officer (CFO). About Hart Prior to his appointment, Hart was the VP, Controller for Husky, leading Upstream and Downstream finance, finance process governance and...
MEG Energy Rejects Husky's Offer; Will Seek Other Buyers
MEG Energy's Board of Directors has unanimously determined that Husky Energy’s unsolicited bid to acquire MEG significantly undervalues the company. Husky submitted a ~$3.3 billion-dollar offer for MEG in the beginning of October 2018. This proposal...
Husky Makes Offer for Canadian Oil Sands Co. MEG Energy
Husky has announced a proposal to acquire all of the outstanding shares of MEG Energy for implied total equity consideration of approximately $3.3 billion. This proposal values MEG at an implied total enterprise value of approximately...
Husky Energy Announces Resignation of CFO
Husky Energy CFO Jon McKenzie has resigned, effective April 5, 2018. Husky will announce a new Chief Financial Officer in due course. The Company’s Controller, Jeff Hart, has been appointed Acting CFO.
Husky to Restart SeaRose FPSO After Brief Suspension
Husky Energy is prepping to restart its production at SeaRose FPSO after a brief suspension. The January 17, 2018 C-NLOPB notice to suspend operations resulted from an incident in March 2017 where Husky Energy departed from...
Husky Energy to Suspend SeaRose FPSO Offshore Newfoundland
Husky Energy is working to suspend operations at its SeaRose FPSO offshore Newfoundland and Labrador. This is being undertaken to comply with an order received today from the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), related...
Husky IDs 2018 Budget at $3.0 Billion; Development Plans, Production Guidance
Husky Energy has outlined its 2018 budget and development plans. 2018 Capex: $2.9-3.1 billion (up +11% from $2.7 billion for 2017) Production Guidance: 320-335 MBOE/d (up +6% YOY) Husky’s operational focus in 2018 is to ramp...