Husky Energy

The province announced the first completed in-service pipeline project under the Oil Infrastructure Investment Program on Wednesday. “The Oil Infrastructure Investment Program (OIIP) offers transferable royalty/freehold production tax credits for qualified projects at a rate of 20 per cent of eligible program costs.” Husky Energy’s Midstream’s Saskatchewan Gathering System Expansion project will accommodate a new […]

Fears that crude oil prices slammed by a global economic “train wreck” will remain low for some time are forcing Calgary-based companies to write off billions of dollars in value from their oil and gas resources. Husky Energy Inc. announced a $1.7-billion first quarter loss on Wednesday, including impairments of $1.1 billion after tax due […]

Husky Energy has been fined $3.8 million and pleaded guilty Wednesday to two charges in relation to a large oil spill in west central Saskatchewan three years ago. In July of 2016, a pipeline near Maidstone leaked oil for about seven hours until a routine maintenance check the following day. It was estimated about 225,000 litres was […]