CALGARY, AB--(Marketwired - February 26, 2016) - Husky Energy (TSX: HSE) continues to take decisive action to fortify its business for the long term. "Our continuing structural transformation over the past five years into a lower sustaining capital business is setting the foundation for the Company to continue to improve its resilience through this extended period of commodity price turmoil," said CEO Asim Ghosh. "Our [...]
CALGARY, AB--(Marketwired - February 16, 2016) - Husky Energy (TSX: HSE) is providing notice that the Company does not intend to exercise its right to redeem its Cumulative Redeemable Preferred Shares, Series 1 (Series 1 Shares) on March 31, 2016. As a result, subject to certain conditions, the holders of Series 1 Shares have the right to choose one of the following options with regard to their shares: 1. Retain any or [...]
CALGARY, AB--(Marketwired - February 12, 2016) - Husky Energy (TSX: HSE) will release its fourth quarter 2015 results before markets open on Friday, February 26, 2016. A conference call will be held the same day beginning at 9 a.m. Mountain Time (11 a.m. Eastern Time). CEO Asim Ghosh, COO Rob Peabody, CFO Jon McKenzie and Downstream Senior VP Bob Baird will participate in the call. Conference Call Details: To listen live [...]
CALGARY, AB--(Marketwired - February 05, 2016) - Husky Energy (TSX: HSE) announced today that it has put in place a short term hedging plan for a portion of its oil production. Husky generally manages commodity price risk through its strong balance sheet and integrated business model, rather than financial instruments. The objective of this short term hedging plan is to support the delivery of the 2016 business plan by [...]
CALGARY, AB--(Marketwired - January 19, 2016) - Husky Energy (TSX: HSE) is taking additional steps to improve its resilience through the extended low commodity price environment. "We continue to take decisive action in this period of persistent supply-demand imbalance," said CEO Asim Ghosh. "These actions are in line with the principles we have established, namely, balancing capital spending with cash flow and maintaining [...]
CALGARY, AB--(Marketwired - January 13, 2016) - Husky Energy (TSX: HSE) announces that Chief Operating Officer Rob Peabody will be presenting at the CIBC Institutional Investor conference in Whistler, B.C. Details: Date: Wednesday, January 20, 2016 Time: 3:50 p.m. Mountain Time (2:50 p.m. Pacific Time) A link to the audio webcast of the event will be available at the start of the presentation on Husky's website at [...]
CALGARY, AB--(Marketwired - December 08, 2015) - Husky Energy (TSX: HSE) continues to build on its resilience with a focus on growing profitably and further lowering its cost structure. "Five years ago, Husky set out its balanced growth strategy, which included a deliberate decision to remain diverse, physically integrated and transition into a low sustaining capital business," said CEO Asim Ghosh. "We continue to reap [...]
CALGARY, AB--(Marketwired - December 07, 2015) - Husky Energy (TSX: HSE) and its partner continue to advance appraisal work on the landmark Bay du Nord oil discovery offshore Newfoundland and Labrador. Since late 2014, the West Hercules drill rig has undertaken an appraisal program related to the Bay du Nord discovery in the Flemish Pass Basin. Appraisal activities are progressing as expected and will continue into early [...]
CALGARY, AB--(Marketwired - December 03, 2015) - Husky Oil Operations (China) Limited (Husky), an affiliate of Husky Energy (TSX: HSE), has signed a Production Sharing Contract (PSC) for an exploration block offshore China. The 15/33 block is located in the Pearl River Mouth Basin in the South China Sea, about 140 kilometres southeast of Hong Kong, in water depths of approximately 80-100 metres. Husky expects to drill two [...]
CALGARY, AB--(Marketwired - November 30, 2015) - Husky Energy (TSX: HSE) will release its planned 2016 capital expenditure and production guidance before markets open on Tuesday, December 8, 2015. A conference call will be held the same day beginning at 9 a.m. Mountain Time (11 a.m. Eastern Time). CEO Asim Ghosh, COO Rob Peabody, CFO Jon McKenzie and Downstream Senior VP Bob Baird will participate in the call. Conference [...]
CALGARY, AB--(Marketwired - November 18, 2015) - Husky Energy (TSX: HSE) has sanctioned Rush Lake 2, a new 10,000 barrels per day (bbls/day) heavy oil thermal development in Saskatchewan, as it continues to advance its resilient portfolio of low sustaining capital projects. The Company's heavy oil thermal production is expected to reach about 80,000 bbls/day by the end of 2016, from about 18,000 bbls/day in 2010. "Rush [...]
CALGARY, AB--(Marketwired - November 09, 2015) - Husky Energy (TSX: HSE) and its partners have achieved a significant milestone in advancing the Madura Strait BD gas-condensate field offshore Indonesia towards production. The jacket and wellhead platform for the liquids-rich gas development were sailed out in late October and have been successfully installed in approximately 55 metres of water. Development drilling is now [...]