Early reports from today’s OPEC meeting in Vienna indicate members and non-member countries are poised to agree on a nine-month extension for oil production cuts. Stratas Advisors Director of Energy Markets Jeff Quigley is in Vienna and reports that although a nine-month deal is likely, and Brent prices have risen as a result, don’t expect market uncertainty to be put to rest.
Shares of Encana will be suspended from trading on the New York and Toronto stock exchanges on Jan. 27 at which time the company will begin trading as Ovintiv under the “OVV” symbol.
Under Don Santa’s nearly two decades of leadership, INGAA has accomplished multiple reauthorizations of the Pipeline Safety Act and also has shaped regulatory policy affecting interstate natural gas pipelines.
Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures.