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The
Husky Refining Company was founded on January
1st, 1938 in Cody, Wyoming. In 1946, the Wyoming
refinery was moved to Lloydminster, Alberta.
The following year, a wholly owned subsidiary,
Husky Oil & Refining Ltd., was started
in Calgary. The 1950's marked the beginning
of aggressive expansion in both petroleum
exploration and production. Separate U.S.
and Canadian companies were formed, with the
Canadian operations handled by a new company
- Husky Oil Ltd. - incorporated in 1953.
At that time, Husky Oil shares were issued to the public in both Canada and the United States. By 1960, when Canadian operations surpassed their U.S. counterparts in both scale and profit, the Canadian company acquired all of the outstanding shares of the US company. The next two decades saw a number of significant ventures, including the start-up of the Lloydminster Project to expand asphaltic crude reserves (heavy oil) and the purchase of the marketing and refining assets of Union Oil Company of Canada, which included retail outlets in Western Canada and a refinery in Prince George, British Columbia.
In 1979, NOVA Corporation of Alberta acquired a majority interest in Husky Oil. By the early 1980's, sales exceeded $1 billion and the number of employees had doubled.
A new refinery was built at Lloydminster, the Canadian Frontier exploration program was initiated and discussions on the Bi-Provincial Upgrader began.
With an increasing focus on Canadian operations, the US subsidiary was sold in 1984.
In 1987, Husky Oil reorganized into a privately held company, with NOVA retaining 43 percent, Hutchison Whampoa Limited - a major public Hong Kong trading company controlled by Li Ka-shing - acquiring a 43 percent interest, the Li Ka-shing Family acquiring a 9 percent interest, and the Canadian Imperial Bank of Commerce acquiring the remaining five percent.
In 1988, the operations of Canterra Energy Ltd., were acquired.
In 1991, NOVA sold its interest in Husky Oil to the Li Group, which as a result held a 46 percent interest in Husky Oil, while Hutchison Whampoa Limited owned 49 percent and CIBC retained its 5 percent.
By the early 1990's, work was progressing on the construction of the Bi-Provincial Upgrader at Lloydminster, Saskatchewan, and the Caroline natural gas processing plant in Central Alberta.
In 1998, Husky Oil acquired Mohawk Canada Limited. This acquisition more than doubled the number of stations in Husky Oil's network in Western Canada. It also made Husky Oil the fifth largest fully integrated oil company in Canada.
In August 2000, through a plan of Arrangement, Husky Energy Inc., the parent company of Husky Oil, acquired Renaissance Energy Ltd.
At that time, Husky Oil shares were issued to the public in both Canada and the United States. By 1960, when Canadian operations surpassed their U.S. counterparts in both scale and profit, the Canadian company acquired all of the outstanding shares of the US company. The next two decades saw a number of significant ventures, including the start-up of the Lloydminster Project to expand asphaltic crude reserves (heavy oil) and the purchase of the marketing and refining assets of Union Oil Company of Canada, which included retail outlets in Western Canada and a refinery in Prince George, British Columbia.
In 1979, NOVA Corporation of Alberta acquired a majority interest in Husky Oil. By the early 1980's, sales exceeded $1 billion and the number of employees had doubled.
A new refinery was built at Lloydminster, the Canadian Frontier exploration program was initiated and discussions on the Bi-Provincial Upgrader began.
With an increasing focus on Canadian operations, the US subsidiary was sold in 1984.
In 1987, Husky Oil reorganized into a privately held company, with NOVA retaining 43 percent, Hutchison Whampoa Limited - a major public Hong Kong trading company controlled by Li Ka-shing - acquiring a 43 percent interest, the Li Ka-shing Family acquiring a 9 percent interest, and the Canadian Imperial Bank of Commerce acquiring the remaining five percent.
In 1988, the operations of Canterra Energy Ltd., were acquired.
In 1991, NOVA sold its interest in Husky Oil to the Li Group, which as a result held a 46 percent interest in Husky Oil, while Hutchison Whampoa Limited owned 49 percent and CIBC retained its 5 percent.
By the early 1990's, work was progressing on the construction of the Bi-Provincial Upgrader at Lloydminster, Saskatchewan, and the Caroline natural gas processing plant in Central Alberta.
In 1998, Husky Oil acquired Mohawk Canada Limited. This acquisition more than doubled the number of stations in Husky Oil's network in Western Canada. It also made Husky Oil the fifth largest fully integrated oil company in Canada.
In August 2000, through a plan of Arrangement, Husky Energy Inc., the parent company of Husky Oil, acquired Renaissance Energy Ltd.
Husky
Energy now ranks among the top integrated oil
and gas producers in Canada, and traded under
the symbol "HSE" on the Toronto Stock
Exchange. The former shareholders of Husky Oil
retained approximately a 72 percent interest
in Husky Energy.
Husky Energy, through a subsidiary, markets a full range of petroleum products, both wholesale and retail, which include gasolines, including ethanol blends, diesel oils, compressed natural gas, propane, lubricants, asphalt and asphalt emulsions (asphalt/water mixture).
Husky Oil markets products and services through various types of facilities:-Car/Truck Stops
-Travel Stops
-Full and Self-Serve Service Stations
-Bulk Plants
-Restaurants
-Food Stores
-Multi-unit (car wash, service bays, food stores, bakeries, full service fuel)
The company's wholesale, commercial and retail marketing network consists of approximately 600 Husky-branded and Mohawk-branded outlets extending from Vancouver Island in Western Canada to Ontario. The company's retail outlets are strategically located on primary urban roads and major highways to serve both the motoring public and commercial transport with a full range of services and products.
Husky Oil is a distributor of commercial and industrial Chevron lubricants from British Columbia to Ontario.
Husky also offers a Mohawk brand of re-refined lubricants providing an environmentally responsible high quality product.
In an effort to better protect the environment and improve vehicle performance, Husky Oil mixes fuel additives into all grades of Husky Oil gasoline. The result is lower exhaust emissions and a more efficient engine.
To address the need of the trucking industry, Husky Oil offers a cardlock fuel purchasing system ("Route Commander") at more than 45 selected retail outlets. This advanced magnetic stripe technology provided customers with access to detailed transaction information, which simplifies their fuel management administration.
Husky Oil also produces a full range of asphalt products and is one of the largest asphalt producers and marketers in Western Canada. It also manufactures and sells asphalt-based emulsion products to the road-surfacing industry in Western Canada Future objectives Husky is working on include improvements in technology, network growth and the rollout of a new Husky convenience store concept.
Husky Energy, through a subsidiary, markets a full range of petroleum products, both wholesale and retail, which include gasolines, including ethanol blends, diesel oils, compressed natural gas, propane, lubricants, asphalt and asphalt emulsions (asphalt/water mixture).
Husky Oil markets products and services through various types of facilities:-Car/Truck Stops
-Travel Stops
-Full and Self-Serve Service Stations
-Bulk Plants
-Restaurants
-Food Stores
-Multi-unit (car wash, service bays, food stores, bakeries, full service fuel)
The company's wholesale, commercial and retail marketing network consists of approximately 600 Husky-branded and Mohawk-branded outlets extending from Vancouver Island in Western Canada to Ontario. The company's retail outlets are strategically located on primary urban roads and major highways to serve both the motoring public and commercial transport with a full range of services and products.
Husky Oil is a distributor of commercial and industrial Chevron lubricants from British Columbia to Ontario.
Husky also offers a Mohawk brand of re-refined lubricants providing an environmentally responsible high quality product.
In an effort to better protect the environment and improve vehicle performance, Husky Oil mixes fuel additives into all grades of Husky Oil gasoline. The result is lower exhaust emissions and a more efficient engine.
To address the need of the trucking industry, Husky Oil offers a cardlock fuel purchasing system ("Route Commander") at more than 45 selected retail outlets. This advanced magnetic stripe technology provided customers with access to detailed transaction information, which simplifies their fuel management administration.
Husky Oil also produces a full range of asphalt products and is one of the largest asphalt producers and marketers in Western Canada. It also manufactures and sells asphalt-based emulsion products to the road-surfacing industry in Western Canada Future objectives Husky is working on include improvements in technology, network growth and the rollout of a new Husky convenience store concept.