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Schlumberger Cuts Executive Salaries, Reduces Workforce Amid Oil Price Crash
2020-04-01 15:15:23| OGI
Oilfield services provider Schlumberger on March 31 said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.
Tags: price
executive
oil
crash
Cairn Energy Reduces Senegal, UK Spending Plans
2020-03-27 14:07:38| OGI
Oil and gas producer Cairn Energy on March 27 reduced investment plans by about a fifth, following the fall of oil prices to less than $30 per barrel.
Tags: plans
energy
spending
reduces
Telia cuts FY outlook as virus hits TV & Media, reduces dividend proposal
2020-03-26 13:43:00| Telecompaper Headlines
(Telecompaper) Telia Company said the effects of the Covid-19 pandemic will cause it to miss its 2020 forecast for group EBITDA and operational free cash flow, and that it will reduce its dividend proposal to the AGM. This is because of the impact on Telia's television and media operations, while the effects on the rest of its business are currently limited. There could be an EGM in the autumn to vote on an extra dividend, the company added.
Tags: media
hits
virus
proposal
U.S. Well Services Reduces Workforce, Imposes Cost-Cutting Initiatives
2020-03-20 14:15:37| OGI
The company is taking a number of corporate and operating cost-cutting measures to better align its expenses with client activity levels.
Tags: services
reduces
initiatives
workforce
Halliburton Reduces Well Time, Costs With New Drilling Motor
2020-03-04 14:56:16| OGI
Halliburton Co. released NitroForce, a new drilling motor that provides increased power and performance to complete longer laterals faster and with greater control, on March 3.
Tags: time
costs
motor
reduces