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Baker Hughes Plots Low Carbon Future as Oil Prices Remain Low

2020-09-08 21:45:18| OGI

The company will continue to downsize its oilfield services and equipment portfolio, CEO Lorenzo Simonelli said at the Barclays CEO Energy-Power conference.

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Rackspace prices IPO at low end of range, raises USD 704 million

2020-08-05 08:34:00| Telecompaper Headlines

(Telecompaper) Rackspace Technology has priced its IPO at USD 21 per share, the low end of the indicated subscription range. This puts the gross proceeds of the sale of 33.5 million shares at USD 703.5 million. The underwriters have a 30-day option to purchase up to 5.025 million more shares at the same price. 

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Cotton prices stay low under various recovery scenarios

2020-06-11 14:54:00| Daily apparel & textile news and comment - from just-style.com

The the Covid-19 pandemic is continuing to weigh on the cotton market, with prices likely to remain low due to higher ending stocks, weaker textile fibre demand from brands, and lower polyester prices, a new suggests.

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US oil prices drop to 21-year low as demand dries up

2020-04-20 06:14:14| BBC News | Business | UK Edition

Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.

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Exxon Mobil Could Delay Third Guyana Project Amid Low Prices, Spending Cuts

2020-04-07 18:17:28| OGI

Payaras startup had been slated for as early as 2023 and was expected to eventually produce some 220,000 barrels per day (bbl/d) of crude, according to Exxons website.

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