The city’s downtown office vacancy problem was already dire, but it’s about to get even worse With Zoom calls and work-from-home measures dominating work life for so many people this year, there has been concern in every major city about how that could reduce demand for office space. In Calgary, where the downtown office vacancy […]
The Honourable Andrew Parsons, Minister of Industry, Energy and Technology, today announced the deadline for the $30 million Small Business Assistance Program has been extended to December 22, 2020. The program, which remains available on a first come, first served basis, includes $25 million for eligible small businesses and $5 million for eligible community organizations. […]
Combined company would create the third-largest Canadian oil and natural gas producer Husky Energy Inc. shareholders have approved a $3.8-billion all-share takeover bid by rival Cenovus Energy Inc., hours before Cenovus shareholders are widely expected to do the same. The endorsement by Husky investors was resounding, with more than 95 per cent of votes cast […]
CALGARY (Bloomberg) –After years in the shadow of the U.S. shale boom, the Canadian oil sands are emerging from 2020’s historic market crash with a slew of upbeat outlooks from Wall Street equity analysts. Morgan Stanley and Goldman Sachs Group Inc. are the latest firms to point out the industry’s ability to generate healthy cash […]
Energy Minister Andrew Parsons says news of 75 layoffs linked to the West White Rose project a day after Husky Energy got $41.5-millionto keep 330 others employed was a terrible case of bad timing. Parsons says he only found out about the layoffs 24 hours after making the big Husky announcement, adding even senior Husky […]
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exploration speeds up significantly and capital expenditure of at least $3 trillion is put to the task, a report by Rystad […]
Next year will be a test of endurance for many in the oil and gas industry Three price crashes in 12 years left the oil and gas industry — even the supermajors — running lean. While industry rebounded from the first two and carried on, the foundation that remained was shaky. And the shock of […]
ST. JOHN’S, N.L. — Husky Energy says 75 layoffs in Argentia affect non-unionized workers as the oil and gas project remains in limbo due to the uncertainty created by the COVID-19 pandemic and the drop in oil and gas prices. On Friday, the provincial government announced $41.5 million in funding for the company, matched dollar […]
Noia CEO Charlene Johnson expects fund will keep a lot of jobs in province The impact of the $41.5 million that Husky is matching to keep West White Rose in warm-idle mode suggests the remainder of the fund could have a major impact on keeping workers dependent on the offshore sector employed. News that $41.5-million […]
Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, although officials admit a restart is not certain. Newfoundland and Labrador Premier Andrew Furey made the funding announcement Thursday at Husky’s offices in downtown St. John’s. Furey said […]
