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....
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BP had been last holdout
Upstream costs about US$3 billion
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