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Vol. 12, No. 49 Week of December 09, 2007
Providing coverage of Alaska and northern Canada's oil and gas industry


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

Gary Park

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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