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 - Present
2000-Present
2014
  • Production delivered at the Liwan Gas Project in the South China Sea.
  • First oil achieved at the 3,500 barrels per day Sandall heavy oil thermal project.
  • Crude oil flexibility project at the Lima Refinery was sanctioned, which will allow for the processing of up to 40,000 barrels per day of heavy crude feedstock starting in the 2017 timeframe.
  • Heavy oil thermal projects at Edam East and Vawn were sanctioned, each with a design rate of 10,000 barrels per day.
2013
  • The Bay du Nord and Harpoon deepwater oil discoveries were made in the Flemish Pass Basin offshore Newfoundland and Labrador, near the previously announced Mizzen discovery.
  • Continued rejuvenation of Heavy Oil and Western Canada businesses with ongoing shift to oil and liquids-rich resource plays.
  • Completed drilling at the 3,500 bbls/day Sandall thermal project with planned startup in 2014.
  • Installed new kerosene hydrotreater at the Lima Refinery.
  • Further enhanced reliability and efficiency at the Lloydminster Upgrader.
  • Topsides portion of the Liwan Gas Project central platform installed on jacket in the South China Sea.
  • Field facilities finalized at Sunrise Energy Project in anticipation of first oil in 2014.
  • Regulatory approval received to advance the South White Rose satellite extension in the Atlantic Region toward first oil in 2014.
  • Husky celebrated its 75th anniversary.
2012
  • First oil achieved at Pikes Peak South and Paradise Hill heavy oil thermal projects.
  • Sanctioned the 10,000 barrels per day Rush Lake heavy oil thermal development.
  • Completed approximately 80 percent of the Liwan Gas Project.
  • Four new gas discoveries made in the Madura Strait Block offshore Indonesia.
  • Major construction milestones achieved at the first phase of the Sunrise Energy Project.
  • Commissioned 250-tonne/day carbon dioxide capture facility in Lloydminster.
  • Completed mechanical work on the continuous catalyst regeneration reformer project at the partner-operated refinery in Toledo, Ohio.
  • Completed safe and timely execution of the SeaRose FPSO offstation in the Atlantic Region.
2011
  • Sanctioned development of principal fields of the Liwan Gas Project in the Asia Pacific Region.
  • First horizontal wells spudded at the Sunrise Energy Project in northeastern Alberta.
  • First oil achieved from the West White Rose pilot in the Atlantic Region.
  • Two exploration licences acquired in the Slater River area of the Northwest Territories and access and benefits agreements signed with area stakeholders.
  • The North Amethyst project in Husky's Atlantic Region is named one of the top five offshore field development projects in the world for 2010 by Offshore magazine.
  • Husky reports strong first-quarter results as CEO Asim Ghosh highlights the Company's performance and plan to accelerate production at the Company's Annual General Meeting.
  • Husky's Lima Refinery celebrated 125 years of operation.
2010
  • The North Amethyst field offshore Newfoundland and Labrador produced its first oil. North Amethyst is the first satellite field development at Husky's White Rose project. It is the first subsea tieback project in Canada.
  • The White Rose project achieved 150 million barrels of production from the main White Rose pool.
  • Husky's Board of Directors appoints Asim Ghosh as President and Chief Executive Officer.
  • Husky received approval from the Government of Indonesia for an extension to the existing Madura Strait Production Sharing Contract. The contract included the Madura BD and MDA fields, as well as numerous other prospects and leads.
  • The Company signed an $860 million purchase and sales agreement to acquire oil and natural gas properties in Alberta and northeast British Columbia. The acquisition provides Husky with approximately 16,300 boe per day of natural gas production, 4,800 barrels per day of oil production and 800 barrels per day of natural gas liquids (NGL) production for a total of 21,900 boe per day.
  • Husky signed a purchase agreement to acquire natural gas properties in west central Alberta, which significantly added to the Company's production and reserves and extended the optimum utilization of its Ram River Gas Plant. The acquisition provided Husky with more than 65 million cubic feet per day (mmcf/d) of natural gas production or 10.8 thousand barrels of oil equivalent per day (mmboe). In addition, the acquisition contributed 37 mmboe of proven reserves and 11.7 mmboe probable reserves.
  • Phase 1 of the Sunrise Energy Project is sanctioned for development. The project is estimated to contain more than 3.7 billion barrels of proved, probable and possible reserves.
  • Husky announced the retention of its South East Asia assets, reinforcing the Company's commitment to build a material business in the resource-rich region.
2009
  • The Government of Newfoundland and Labrador became an official partner in the White Rose expansion project through Crown Corporation Nalcor Energy.
  • Husky was recognized by Calgary's Heritage Park for its sponsorship and donation of $1.25 million to establish the Husky Service Station exhibit at Gasoline Alley.
  • Husky's HOIMS Owners Team launched an implementation plan for integrating the Husky Operational Integrity Management System (HOIMS) across the Company.
  • The Company launched the Husky Help the Hungry food drive, in conjunction with Calgary-area Husky and Mohawk retailers and the Calgary Inter-Faith Food Bank.
  • Husky announced an agreement to purchase Penn West heavy oil properties. The asset acquisition provided Husky with more than 6,000 barrels of oil production per day, 12 million barrels of oil proven reserves and 8.5 million barrels of oil probable reserves.
  • Husky announced an agreement to purchase 98 retail outlets from Suncor Energy Inc. in the Ontario market. The addition brought the Company's total retail network to 571 outlets.
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.
  • 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.
2007
  • Husky purchased the 160 mbbls/day Lima Refinery, in Lima, Ohio, U.S.
  • 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.
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.
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.
2004
  • Husky 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.
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.
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
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
2000
  • Husky acquired Renaissance Energy and became a publicly-listed company on the Toronto Stock Exchange.
  • John C.S. 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
1990s
1999
  • Commissioned the Meridian Cogeneration Plant which generated thermal energy for the Upgrader and marketed electricity to the Saskatchewan power grid.
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%).
1997
  • Husky announced a joint venture oil exploration agreement offshore China with China National Offshore Oil Corporation (CNOOC).
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.
1995
  • Husky acquired Norcen interests in the White Rose and Terra Nova fields.
  • Husky and the Saskatchewan Government acquired Bi-Provincial Upgrader (50/50).
1993
  • John C.S. Lau appointed Executive Vice President of Husky Oil.
1992
  • The Bi-Provincial Upgrader officially opened, a joint venture with Husky and the governments of Canada, Alberta and Saskatchewan.
1991
  • Hutchison Whampoa and Li Ka-shing became Husky’s majority shareholders.
1980s
1989
  • Husky acquired Canterra Energy.
1987
  • Husky pursued private ownership with Hong Kong investor Li Ka-shing.
1986
  • Husky curtailed operations and sold assets when oil dropped below $10 a barrel.
1984
  • Husky sold its U.S. assets including service stations.
Husky1980
1983
  • Husky opened a new 25 mbbls/day refinery in Lloydminster.
1981
  • Husky began exploration in the Beaufort Sea and offshore Canada’s East Coast where it commissioned two drilling rigs.
1970s
1979
  • Husky’s sales exceeded $1 billion for the first time.
Husky1970
1978
  • NOVA Corporation (formerly known as Alberta Gas Trunk Line) gained control of Husky.
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.
1973
  • Husky began exploration of the Athabasca oil sands.
1960s
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.
CalgaryTower
1960
  • Husky Oil acquired the outstanding shares of the U.S. Company.
1950s
1956
  • Husky purchased a bunker oil ship to fuel ships on the Great Lakes.
Husky1950
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.
1953
  • Husky’s Canadian operations were incorporated under the name Husky Oil Ltd. with shares issued in both Canada and the United States.
1952
  • The first offering of Husky common shares was made in the United States.
1940s
1949
  • The first Husky common shares were issued to the public in Canada.
1947
  • Husky opened the Lloydminster refinery.
1946
  • Husky moved the Riverton, Wyoming, refinery to Lloydminster, Alberta, Canada to process heavy oil into asphalt and bunker fuel.
1941
  • When the U.S. entered World War II, demand escalated for Husky’s bunker fuel for U.S. Navy ships.
1930s
1938 Husky1938
  • The Husky Refining Company was incorporated in Cody,
    Wyoming, U.S.