Husky Energy

Title: Husky Energy
Category: Energy
Clicks: 4
Added on: Nov 26, 2011
Husky Energy is a Canadian integrated energy company traded on the TSE under the symbols HSE.PR.A and HSE. Its main competitors are Devon Energy Corporation, Canadian Natural Resources Limited, and others.

The company was established in Cody, Wyoming in 1938, and the first refinery was constructed in Riverton. The refinery was moved in 1946 to Lloydminster in order to take advantage of the growing heavy oil and asphalt opportunities in the area. The company’s historic foundation is Western Canada due to its natural gas and oil assts, transportation infrastructure, and significant volumes of heavy oil production.

Husky Energy specializes in the production and exploration of natural gas liquids, natural gas, light crude oil, and heavy oil. Its strategy in Western Canada is to maintain heavy oil production, de-risk dry gas plays, direct capital into liquids-rich gas operations, and increase its oil resource plays.

Headquartered in Calgary, Husky Energy operates Downstream, Midstream, and Upstream business segments and takes pride in offering a combination of sound project management and prudent investment. Midstream operations encompass gas storage, pipeline transportation, cogeneration, and marketing of an array of petroleum products. The company focuses on oil sands and heavy oil production as well as optimizing and maintaining the existing infrastructure. The Midstream assets of the company are linked to key transportation systems in North America and are strategically located on the territory of Western Canada. The crude oil pipeline system extends across 2,000 km. The Upstream operations focus on gas and oil extraction and exploitation. Downstream operations are intended to offer strategic support for the company’s Upstream operations. These include refining and upgrading crude oil as well as marketing jet fuel, diesel, gasoline, ethanol, asphalt, and other products in the US and Canada. Husky Energy also continues to evaluate projects aiming to reconfigure, integrate, and optimize the Lima, Ohio Refinery. The retail distribution network of the company focuses on retail, commercial, and wholesale marketing of refined petroleum, providing substantial non-fuel income from the company’s car wash, restaurant, and convenience store operations.

Husky Energy has identified three pillars to base its future expansion and growth – offshore development on the territory of Southeast Asia, offshore development on the Canadian east cost, and oil sands.
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