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Pioneer Natural Resources Boosts Spending Cuts as Oil Slump Bites

2020-05-06 23:30:00| OGI

Permian Basin shale producer Pioneer Natural Resources now expects 2020 capex between $1.4 billion to $1.6 billion, down from its prior estimates of $1.7 billion and $1.9 billion.

Tags: resources natural oil spending

 

Airbnb cuts 25% of staff amid travel downturn

2020-05-05 23:21:19| BBC News | Business | UK Edition

Airbnb chief says the changes facing the business "are not temporary or short-lived".

Tags: travel staff cuts amid

 
 

PATH FORWARD: Energy Industry Expert Says US Oil Cuts Could Help Shales Reputation

2020-05-05 11:30:00| OGI

Jim Krane of Rice Universitys Baker Institute shared his take on the relationship between the U.S., Saudi Arabia and Russia going forward plus how paralyzing the oil storage and demand situations will be for the industry in the short-term.

Tags: industry forward energy path

 

Oceaneering Cuts Executive Salaries

2020-05-04 19:03:01| OGI

Oceaneering International Inc. said May 4 that, consistent with its commitment to cost reductions during the ongoing public health and energy market crises, its board of directors has approved voluntary base salary reductions of the executive management team and other members of senior management, effective as of May 1, 2020.

Tags: executive cuts salaries executive salaries

 

Texas Energy Regulator Drops Plan for Oil Production Cuts

2020-05-04 18:05:00| OGI

Texas regulators on May 5 are scheduled to consider cutting oil production, but Texas Railroad Commissioner Ryan Sitton said there are not enough votes to pass the measure.

Tags: plan production energy texas

 

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