Husky Energy has entered into definitive agreements to acquire the Superior Refinery, a 50,000 barrel per day permitted capacity facility located in Superior, Wisconsin from Calumet Specialty Products Partners, L.P. for $435 million US in cash. The deal is subject to customary closing adjustments.
Husky Energy has awarded Wood Group a multi-million dollar contract to complete detailed engineering for the topsides of White Rose, a concrete gravity-based structure wellhead platform planned for offshore eastern Canada. The project includes procurement services and engineering design work.
Husky Energy is moving forward with the West White Rose Project offshore Newfoundland and Labrador. The company and its partners will use a fixed wellhead platform tied back to the SeaRose floating production, storage and offloading (FPSO) vessel. The platform, which has received regulatory approval, will enable the Company to maximize resource recovery.
Husky Energy has announced its 2017 production guidance and capital program. "Our vitals are strong, including a solid balance sheet, a low break-even and a high return portfolio," said CEO Rob Peabody. "Our investment program will generate higher margins, further lower our corporate break even and increase our free cash flow."