Production halted for more than two months in the White Rose oil field following a Nov. 16 oil spill of an estimated 250,000 litres.
The changes came as MEG announced a base capital budget of $200 million for this year.
The company cited production cuts for the oil industry mandated by the Alberta government.
US-based Platinum Equity says John Galt, Husky CEO since 2005, will stay on to lead the business.
Company and partner Husky Energy assess next steps for drilling near the Bay du Nord field.
Saskatchewan government’s petroleum and natural gas division overseeing cleanup and pipeline repairs.
First projects to get approved since 100 megatonne greenhouse gas cap on emissions.
PRINCE ALBERT, Sask. — Part of the pipeline involved in the Husky Energy oil spill into the North Saskatchewan River has been taken for testing. Laurie Pushor, deputy minister of the economy in Saskatchewan, says provincial officials supervised as the…
Blended oil sands bitumen rose 58% to an average of $42.52 per barrel from $26.93.
Still a market for crude assets but natural gas is getting less interest.
Oil sands project expected to produce up to 60.000 bpd by 2016.
Seeking up to $600 million in additional savings.
Penn West, Husky Energy and MEG announce tighter capital budgets.
Growing body of research is increasingly able to estimate the costs that rising greenhouse gases impose.
Calgary, Alta.: Husky Energy has announced that a purchase agreement has been signed to acquire natural gas properties in west central Alberta, which will significantly add to the company’s production and reserves and extend the optimum utilization of its Ram…