Corporate Acquisitions

Husky Energy to increase production in 2011

Forbes |

In Brief...

Husky Energy Inc. on Tuesday announced several moves to increase oil and gas production.. The Canadian company said it plans to acquire oil and natural gas properties in Alberta and northeast British Columbia from a subsidiary of Exxon Mobil Corp. ( XOM - news - people ) for $860 million. Elsewhere, the company expects to award $2 billion of engineering, transportation and construction contracts soon for an oil sands project in northern Alberta..

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