Moody’s: Global oil industry to focus on disciplined investment, M&A for growth in 2018

Oil prices will remain at $40-$60 per barrel in 2018 despite the extension of OPEC-led production cuts through the end of the year, Moody’s Investors Service says in its 2018 credit trends report for the global oil and gas industry. Higher prices within or above that range will see supply…

TransCanada evaluating Nebraska PSC decision on Keystone XL

TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) confirmed today that the Nebraska Public Service Commission (PSC) has approved an alternative route for the proposed Keystone XL Pipeline project through the state. TransCanada is evaluating the PSC’s decision. “As a result of today’s decision, we will conduct a careful review of the Public…

Cenovus appoints Alex Pourbaix as new president & CEO

Cenovus Energy Inc. today announced the appointment of Alex Pourbaix as president & chief executive officer and member of the board of directors. Pourbaix will start the role on November 6. He replaces Brian Ferguson, who announced earlier this year that he will be retiring from that position after 33…