CTV News reported that Statoil Canada Exploration has made a new major oil discovery off the coast of Newfoundland. Though production is no expected until after 2020, Statoil and Calgary-based Husky Energy have identified a reservoire of light crude that could hold between 300 million and 600 million barrels of recoverable oil.
Articles Tagged "Husky Energy"
Husky Energy Inc. (TSX:HSE) achieved steady results during the third quarter through consistent execution of key performance milestones.
As China demonstrates its political clout at the G20 summit in Seoul, the country continues to make headlines in economic and energy news as the China National Petroleum Company (CNPC) has made an agreement with Shell to develop oil sands. CNPC, the parent of PetroChina, reported that its president, Jiang Jiemin and Royal Dutch Shell Plc (NYSE:RDS.B)CEO Peter Voser signed a memorandum of agreement in Beijing on "integrated co-operation" of oil and gas projects in Canada and coal bed methane development in China.
Husky Energy Inc. (TSX:HSE) announced net earnings in the fourth quarter of 2009 were $320 million or $0.38 per share (diluted), compared to $231 million or $0.27 per share (diluted) in the same period of 2008.