White Rose project in Newfoundland to sit idle until at least 2021, Husky says

Husky Energy says its half-built $2.2 billion West White Rose offshore oil project in Newfoundland and Labrador won’t see any further construction in 2021.

The company said Oct. 26 it’s considering abandoning the project altogether as it reviews its operations in the province.

That news comes a day after Cenovus Energy announced it was buying Husky Energy for about $3.8 billion.

Husky says it is in talks with the Newfoundland and Labrador government about how an infusion of federal aid money for the province’s oil sector could help sustain its operations. The company put the White Rose project under review last month, citing low oil prices tied to the pandemic.