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Eutelsat sees marginal revenue impact from Covid-19 pandemic, plans 30% dividend cut
2020-04-10 09:56:00| Telecompaper Headlines
(Telecompaper) Satellite operator Eutelsat trimmed its full-year revenue outlook due to the Covid-19 crisis. Its operating verticals are now expected to generate EUR 1.25 billion in FY 2019/2020, representing a drop of at least EUR 20 million from previous guidance (EUR 1.27-1.32 billion).
Tags: plans
impact
cut
revenue
OPEC, Russia Reach Deal to Cut Oil Production
2020-04-09 22:35:00| OGI
Oil prices fall as traders fear reductions agreed to by OPEC and Russia will fail to offset biggest demand collapse in history.
Tags: production
deal
cut
reach
ProPetro Plans up to 20% Cut to Executive Pay as Oil Slumps
2020-04-09 15:13:50| OGI
ProPetro Holding Corp. said on April 9 it will reduce compensation at different levels by up to 20%, the latest oilfield services provider looking to rein in costs to weather a steep drop in oil prices.
Oilfield Service Companies Cut Jobs, Brace for Bankruptcies
2020-04-07 23:30:00| OGI
Eight oilfield service providers, with a total of $10.9 billion in debt, have filed for bankruptcy this year, including three since prices fell to $20 a barrel in early March.
Tags: service
jobs
companies
cut
Nexans Leadership to Take Voluntary Pay Cut
2020-04-07 21:03:59| OGI
Nexans CEO, members of the board of directors and management have agreed to take pay cuts as a sign of solidarity and for social cohesion, the company said on April 7.
Tags: pay
cut
leadership
voluntary
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