- Husky Energy (OTCPK:HUSKF -0.6%) says said it has sanctioned two new heavy oil thermal projects in Saskatchewan, which will deliver a total of 20K bbl/day of production with first oil expected in 2016.
- "Steady performance from our existing thermal facilities and these two new plants, along with projects currently under construction at Sandall and Rush Lake, will add another 33,500 bpd of new production over the next three years, more than offsetting declines in non-thermal production," CEO Asim Ghosh says.