20 April 2007

Husky to expand Terra Nova presence

From Oil Week:
Husky Energy Ltd. (TSX:HSE) plans an active year of expansions and acquisitions, from bumping up its stake in the offshore Terra Nova project, to increasing upgrader and refinery capacity, the oil and gas producer said Thursday.

Husky, which held its annual shareholders meeting in Calgary on Thursday, said it would be growing its ownership stake in the offshore Newfoundland project by increasing its working interest in developing fields, rather than buying other partners‘ portions.