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Husky delays offshore Indonesian work program

NORTH American-headquartered oil producer Husky Energy has suspended plans to drill and develop the MDA-MBH gas field in Indonesia, as part of a larger plan to cut its overall capex by US$1 billion in response to growing global market concerns.

paul hunt
Husky delays offshore Indonesian work program

  In a statement the company said it had taken a "series of actions to fortify its business" as global markets crashed last week, and the oil price continued to dive. "Given current market conditions...

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