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Tag: cuts
Centennial Resource Development Shuts Majority of Wells, Cuts Management Pay
2020-05-01 22:00:00| OGI
An internal mail dated April 29, seen by Reuters, showed Centennial Resource Development plans to run just 162 of its roughly 400 wells and was on course to shut 242 if the oil market situation does not change.
Tags: management
development
pay
resource
Chevron Says Profits Jump on Asset Sales, Cuts 2020 Spending Plans Again
2020-05-01 15:21:38| OGI
Chevron Corp. on May 1 delivered a year-over-year 38% increase in profits and slashed its capital spending plans by another $2 billion as the coronavirus pandemic guts global demand for oil and gas.
Tags: sales
jump
plans
spending
Opinion: US Should Do Its Part in Oil Production Cuts
2020-04-30 22:00:00| OGI
Regulating production helps stabilize wildly volatile oil market.
Tags: part
production
opinion
oil
Colombia Cuts National Oil Production Outlook for 2020
2020-04-30 19:54:16| OGI
If Brent oil prices hit about $35 per barrel national, oil output could average around 850,000 barrels per day, down from a previous forecast of 900,000 barrels, Colombia's energy leaders said.
Tags: national
production
oil
colombia
Tapestry moves to Q3 loss and cuts outlook
2020-04-30 14:40:00| Daily apparel & textile news and comment - from just-style.com
Tapestry Inc has moved to a loss in its third-quarter and recorded a sales decline of nearly 20% as coronavirus forced the company to close or reduce hours at 90% of its stores.
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