Husky Energy Inc.

707-8th Avenue SW
Box 6525, Station "D"
Calgary, AB
CA, T2P 3G7

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Husky considering sale of non-core downstream assets

Husky's retail and commercial network consists of more than 500 stations, travel centres, cardlock operations and bulk distribution facilities from British Columbia to New Brunswick. The myHusky Rewards loyalty program has about 1.6 million members.

Husky Energy will undertake a strategic review and will potentially sell its Canadian retail and commercial fuels business and its Prince George Refinery.

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Husky Energy announces 2019 budget and production update

Husky Energy plans to spend approximately $3.4 billion on its capital expenditure program in 2019 as it continues to invest in a deep portfolio of higher-margin, longer-life projects. This is about $300 million less than forecast at the Company's Investor Day in May 2018, and includes capital spending reductions resulting from Alberta's mandated oil production cuts.

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Drilling & Production

Operations remain suspended at White Rose due to weather and spill

Husky has deployed a remotely operated underwater vehicle (ROV) to inspect the flowlines and confirm the source of the leak. Since the original spill, no additional oil has been detected at surface.

Operations remain suspended at the SeaRose floating production, storage and offloading (FPSO) vessel with all production wells secure after a period of extreme weather late last week.

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