Husky, BP move to the beat
Form two joint ventures to develop, process heavy oil and bitumen from Alberta; deal signals BP’s entry into oil sands upstream, with ‘billions of dollars’ at stake
For Petroleum News
Husky Energy has moved from a slow waltz to a quick step in laying out its long-term plan for processing heavy oil and bitumen from Alberta and dragged BP on to the dance floor in the process.
The companies announced Dec. 5 what had long been speculated. They will form two independent 50-50 joint ve....
[additional news subjects in this story]
BP had been last holdout
Upstream costs about US$3 billion
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $69 per year.
Subscribers log in here to read the entire newspaper (1998 to 06/24/2013)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
circulation@PetroleumNews.com --- http://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.