Husky Energy

The Canadian oil company consolidation formula looks a lot like the one offered by US shale producers.

Facing a minimum 1-year delay to startup, Husky Energy discussed the West White Rose extension project’s challenges and risks with Canadian local and federal governments. Cancellation is a possibility, according to a Husky executive.

Oil sands producers predicted they could reduce production by 300,000 B/D by turning down steam injection. This will test methods to reduce, rather than stop, injection to avoid the damage caused by rapid cooling in some wells.

A shut-in subsea flowline is believed to be the source of the spill on Husky Energy’s SeaRose FPSO offshore Newfoundland and Labrador. The spill is believed to be the largest in the history of the Canadian province.

Husky Energy awarded the EPCI contract for its $1.6-billion expansion project, West White Rose, to TechnipFMC. It includes the supply and installation of subsea equipment.