History

A publicly traded Canadian-based energy company with interests globally, Husky Energy was originally founded in 1938 in Cody, Wyoming, United States, as the Husky Refining Company.

Husky 1938 - 2008
1930
1938 Husky1938
  • The Husky Refining Company was incorporated in Cody,
    Wyoming, U.S.A.
1940
1941
  • When the U.S. entered World War II, demand escalated for Husky’s bunker fuel for U.S. Navy ships.
1946
  • Husky moved the Riverton, Wyoming, refinery to Lloydminster, Alberta, Canada to process heavy oil into asphalt and bunker fuel.
1947
  • Husky opened the Lloydminster refinery.
1949
  • The first Husky common shares were issued to the public in Canada.
1950
1952
  • The first offering of Husky common shares was made in the United States.
 Husky1950
1953
  • Husky’s Canadian operations were incorporated under the name Husky Oil Ltd. with shares issued in both Canada and the United States.
1954
  • After buying a refinery in Moose Jaw, Saskatchewan, Husky moved into Ontario with the purchase of a small refinery and a string of retail outlets.
1956
  • Husky purchased a bunker oil ship to fuel ships on the Great Lakes.
1960
1960
  • Husky Oil acquired the outstanding shares of the U.S. Company.
 CalgaryTower
1967
  • To honour Canada’s Centennial, the Company built the 191-metre Husky Tower, which was later sold and renamed the Calgary Tower.
  • Husky purchased the refining and marketing assets of The Frontier Refining Company. The two Frontier refineries brought Husky’s refining capacity to 45.8 mbbls/day and retail outlet network to 1,223 outlets in the U.S. and 408 outlets in Canada.
1970
1973
  • Husky began exploration of the Athabasca oil sands.
 Husky1970
1976
  • Husky bought the marketing and refining assets of Union Oil Company including the Prince George refinery and 110 service stations.
  • Husky started flying large Canadian flags at its Canadian retail outlets.
1978
  • NOVA Corporation (formerly known as Alberta Gas Trunk Line) gained control of Husky.
1979
  • Husky’s sales exceeded $1 billion for the first time.
1980
1981
  • Husky began exploration in the Beaufort Sea and offshore Canada’s East Coast where it commissioned two drilling rigs.
 Husky1980
1983
  • Husky opened a new 25 mbbls/day refinery in Lloydminster.
1984
  • Husky sold its U.S. assets including service stations.
1986
  • Husky curtailed operations and sold assets when oil dropped below $10 a barrel.
1987
  • Husky pursued private ownership with Hong Kong investor Li Ka-shing.
1989
  • Husky acquired Canterra Energy.
1990
1991
  • Hutchison Whampoa and Li Ka-shing became Husky’s majority shareholders.
1992
  • John C.S. Lau appointed Executive Vice President of Husky Oil.
  • The Bi-Provincial Upgrader officially opened, a joint venture with Husky and the governments of Canada, Alberta and Saskatchewan.
1993
  • Mr. Lau appointed Chief Executive Officer.
1995
  • Husky acquired Norcen interests in the White Rose and Terra Nova fields.
  • Husky and the Saskatchewan Government acquired Bi-Provincial Upgrader (50/50).
1996
  • Husky and China National Petroleum Corporation (CNPC) signed a memorandum of understanding and entered into a joint venture incremental production project (EOR) in China.
  • Husky celebrated 50 years of operation in the Lloydminster area.
  • Husky acquired 30 service stations from Gasland Oil Ltd.
1997
  • Husky announced a joint venture oil exploration agreement offshore China with China National Offshore Oil Corporation (CNOOC).
 CNOOC
1998
  • Husky opened a regional office in St. John’s, Newfoundland.
  • Husky acquired the remaining 50 percent ownership in the Bi-Provincial Upgrader at Lloydminster, Saskatchewan.
  • The Company acquired Mohawk Canada and its ethanol plant at Minnedosa, Manitoba.
  • The Financial Times of London and Price Waterhouse Coopers named Husky as one of the World’s Most Respected Companies in the energy and chemical industry.
  • Husky purchased East Coast properties from Talisman Energy Inc. and Gulf Canada Resources Ltd.
  • Additional interests in the White Rose Field were acquired from Denison Mines Ltd (4%) and Norsk Hydro (7.5%).
1999
  • Commissioned the Meridian Cogeneration Plant which generated thermal energy for the Upgrader and marketed electricity to the Saskatchewan power grid.
2000
2000
  • Husky acquired Renaissance Energy and became a publicly-listed company on the Toronto Stock Exchange.
  • Mr. Lau appointed President & Chief Executive Officer.
  • The Company signed an agreement with China National Offshore Oil Corporation (CNOOC) to jointly develop the Wenchang oil field in China.
  • Husky’s Terra Nova Finance Bond Issue was recognized by the Project Finance magazine as the North American Oil and Gas Deal of the Year.
 Husky2001
2001
  • The Wenchang floating, production, storage and offloading (FPSO) vessel was launched.
  • Husky was named as one of Canada’s Top 100 Employers by MediaCorp.
  • Husky filed the White Rose Development Plan.
  • Husky acquired Avid Oil and Gas and Titanium Oil and Gas.
 Husky2001
2002
  • Oil production commenced at Terra Nova, offshore Canada’s East Coast; and Wenchang, offshore China.
  • Husky Energy was named Producer of the Year by Oilweek magazine.
 Husky2002
2003
  • Husky acquired Marathon Canada Limited and the Western Canadian assets of U.S.-based Marathon Oil.
  • Canadian Business magazine named Husky as one of Canada’s top 75 companies.
  • Husky announced a $2 million endowment to establish the Husky Energy Chair in Oil and Gas Research at Memorial University, Newfoundland.
2004
  • Husky2004Husky received regulatory approval and sanctioned the construction of the Tucker Oil Sands Project.
  • The Company acquired 68.7 percent working interest from its partner in the Madura BD and MDA natural gas fields, offshore Indonesia.
  • Oil and Gas Investor magazine awarded Husky Mergers & Acquisitions Deal of the Year for the Company’s acquisition of Marathon Oil’s Western Canadian assets.
  • Husky announced construction of a 130 million litres per year ethanol plant in Lloydminster, Saskatchewan.
  • Calgary Board of Education presented the Company with the Lighthouse Award.
  • SeaRose FSPO, built by Samsung Heavy Industries Co. Ltd., arrived in Newfoundland for final assembly and commissioning.
2005
  • First oil was produced at the White Rose oil field ahead of schedule and on budget.
  • Husky received the Clearsight Wealth Management Friend of Education Award for outstanding service or commitment to post-secondary or independent school education.
  • The Canadian Red Cross recognized Husky and its employees for their generosity and contributions for aid to victims of the South East Asia tsunami disaster.
2006
  • Construction on Husky’s Tucker project was completed on schedule and under budget.
  • Production capacity at White Rose reached 125 mbbls/day, ahead of schedule.
  • Husky made a significant natural gas discovery at Liwan in the South China Sea.
  • The Lloydminster Ethanol Plant which has an annual production capacity of 130 million litres was commissioned.
  • The Tucker Oil Sands Project — Central Processing was named Alberta’s Top Industrial Project for 2006 by Alberta Construction Magazine.
  • Husky was honoured as a Champion of Public Education in Canada by The Learning Partnership.
2007
  • Husky purchased the 160 mbbls/day Lima Refinery, in Lima, Ohio, U.S.A.
  • Husky was again named Producer of the Year by Oilweek magazine.
  • Husky established Husky Logistics to haul heavy oil and salt water from field operations to increase operational efficiencies and reduce transportation costs.
  • Throughput capacity at the Lloydminster Upgrader was expanded to 82 mbbls/day.
  • Husky acquired three exploration blocks offshore Greenland.
2008
  • Husky2008Husky and BP agreed to create an integrated refining and oil sands business.
  • The Company acquired exploration lands in the Columbia River Basin, in Washington and Oregon, U.S.A.
  • Husky joint ventured with CNOOC to develop the Madura BD gas field.
  • The new 130 million litres per year Minnedosa Ethanol Plant was commissioned.
  • Husky commenced development of the North Amethyst project.
  • The GSF Grand Banks began drilling the Mizzen prospect in the Flemish Pash, offshore Canada’s East Coast.
  • The West Hercules deepwater sea rig spudded the first appraisal well at Liwan in the South China Sea.