Husky Energy is a Canadian-based integrated energy company engaged in global discovery, development and production of Crude Oil and Natural Gas. It also performs projects to upgrade operations such as: pipeline operations, commodity trading and energy infrastructure. It manufactures & sells refined products and maintains a network of stores. It is publicly traded under the name HSE on the Toronto Stock Exchange.
The Asia Pacific and Atlantic areas are part of its offshore market. Husky also has a portfolio of Oil sands leases in northern Alberta’s Fort McMurray district, spanning some 2,500 square kilometres. The company owns a plant in Lima, Ohio, a refinery in Superior Wisconsin and holds a 50% stake in BP.
Annual Revenue: 22.4 Billion Canadian Dollars
Established in: 1938
Number of Employees: 5,500
- Husky Energy was founded in 1938 in Cody, Wyoming, as a publicly traded Canadian company with global interests.
- The firm moved to Canada in 1946, with the Riverton refinery moving to Lloydminster, Alberta to take advantage of the expanding opportunities for asphalt and heavy Oil in the area.
- The Cody refinery continued to operate well into the 1970s.
- At the beginning of the 1990s, there were periodic rumors floating around Cody that a variety of different companies would reopen the refinery.
- In 1991, Husky took control of Li Ka-shing, Hogshead Spouter, and Hutchison Whampoa.
- In 1998, Husky bought Mohawk Oil, Western Canada’s largest independent consumer filling station chain.
- In 2010, Asim Ghosh was appointed President & CEO. Natural Gas assets were acquired in western central Alberta.
- First horizontal wells spudded at Northeastern Alberta’s Sunrise Energy Project in 2011. They celebrated 125-year operation of Husky’s Lima Refinery.
- In 2012, the company sanctioned the Rush Lake Lloyd thermal bitumen project for 10,000 barrels per day. It made four new Gas discoveries in the offshore Indonesia Madura Strait Block.
- In 2013, it installed new kerosene hydrotreater at the Lima Refinery.
- First Oil reached the Sandall Lloyd thermal bitumen plan at 3,500 barrels per day in 2014. The Lima Refinery approved crude Oil versatility project, which required up to 40,000 barrels of heavy crude feedstock per day to be refined.
- First Oil entered the Rush Lake Lloyd thermal bitumen plant at 10,000 barrels per day in 2015. Production was delivered at the Sunrise Energy project.
- In 2016, Rob Peabody, President & Chief Executive Officer, was appointed by the board of directors of Husky. First Oil was obtained at the Edam West Lloyd thermal bitumen project of 4,500 barrels per day. Husky installed a Tucker Thermal Project sustaining base, with an average production of up to 20,000 barrels per day.
- In 2017, the Superior Refinery, located in Superior, Wisconsin, obtained 50,000 bbls / day. It Declared that a light Oil find was being analyzed at Northwest White Rose.
- First Oil was achieved at the Rush Lake 2 thermal bitumen project at 10,000 bbls / day in 2018. LLB Direct pipeline and a further Hardisty storage tank of 300,000 barrels came online.
- First Oil was achieved at the Dee Valley thermal bitumen project at 10,000 bbls / day in 2019.
The operations of Husky Energy are divided into two divisions: Upstream and Downstream.
Exploration and processing of Oil and Gas is the priority of the Upstream unit. The organization also established three areas of expansion in addition to its existing assets and prospects in Heavy Oil and Western Canada: the Asia Pacific Market, the Oil Sands and the Atlantic Area.
Husky’s downstream activities in the Integrated Corridor are targeted at three primary goals. The versatility of feedstock to supply the highest-priced Oil to its refineries, expanding its product range and maximizing market access to catch the best yields. Continuous investment to improve the performance and efficiency of downstream heavy Oil processing continues to support the thermal production of the company.
- Thermal Operation:
Husky developed the production of heavy oil in Western Canada. The Company has modified this business with a focus on thermal technologies to further tap into the important resource in place.
- Lloyd Thermal Projects:
Most of Husky’s heavy Oil assets are located in Saskatchewan and Alberta’s Lloydminster region. Projects are now producing, adding 10,000 bbls / day of production, including the Dee Valley development that came online in 2019.
- Tucker Thermal Project:
Tucker is located in Cold Lake, Alberta, about 30 kilometers northwest. In October 2018, it hit 30,000 bbls / day.
- Sunrise Energy Project:
In December 2018, Sunrise, 60 kilometers north-east of Fort McMurray, Alberta, reached 60,000 bbls / day.
Products that Husky Energy provides:
- Crude Oil
- Dried Distillers Grain with Solubles
- Drilling and Completion Fluids
- Natural Gas Liquids (NGLs)
- Natural Gas
- Petroleum Coke
- Refinery Feedstocks
In the U.S. :
Refined products supplied in US, include:
- Ultra-low Sulphur Diesel
- Jet fuel, military and commercial grade
- Natural Gas liquids (NGLs), including propane, butane and isobutane
- Butane and Butylenes (BB) Mix
- Decanted oil
- Vacuum Tower Bottoms (VTBs)
- Petroleum coke, fuel and anode grade
Areas of Operation:
Its headquarter is in Calgary, Alberta. The company operates in:
- Western and Atlantic Canada
- United States &
- Asia Pacific region
Vision and Mission:
Husky is dedicated to the best health practices, protecting the public, its workers, the environment, and supporting the societies in which it works. Through reducing the impact on land, soil, air and water, its mission is to maintain continuous improvement of environmental quality. It works with local, indigenous, and business leaders to identify community needs, as well as charitable organizations. The development plan for the community creates and enhances meaningful relationships.