Husky Energy Inc. - HSE.t is one of Canada's largest integrated energy companies.|
The company's foundation in heavy oil and Western Canada supports major growth opportunities in the Asia Pacific Region, the Oil Sands and the Atlantic Region.
On August 2, 2016 the company released News
Husky Energy's (TSX: HSE) China subsidiary has signed a Heads of Agreement (HOA) with CNOOC Limited and relevant companies for the price adjustment of natural gas from the Liwan 3-1 and Liuhua 34-2 fields that would see the price set at $12.50-15.00 Cdn per thousand cubic feet (mcf) at current exchange rates.
"Long term fundamentals remain strong for natural gas demand in China. The price adjustment will allow Husky and CNOOC to maintain their market share in a competitive gas market," said CEO Asim Ghosh. "We reached this agreement in the spirit of the longstanding relationship between Husky and CNOOC that brought to life the first deepwater development offshore China."