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US Lawmakers Ask Interior To Cut Offshore Oil Royalty Rates Due To Market Slump

2020-03-20 21:50:36| OGI

The economic fallout of the outbreak combined with a price war between major oil producer nations Saudi Arabia and Russia has triggered a slump in crude oil prices that threatens the once booming U.S. drilling industry.

Tags: due market rates cut

 

Rig Counts Begin Falling As Shale Operators Cut Billions In Spending

2020-03-20 15:55:07| OGI

Survival mode has returned to the oil and gas sector, Wood Mackenzie says.

Tags: begin cut spending falling

 
 

NENT to cut non-sports costs by another SEK 700 mln, scraps dividend and incentive plan, suspends Studios ops sale

2020-03-20 14:04:00| Telecompaper Headlines

(Telecompaper) Nordic Entertainment Group (NENT) has announced measures to cut non-sports costs by SEK 700 million, hitting its 2020 results, because of Covid-19. It has scrapped its proposal for a SEK 7.0 per share dividend for 2019 and its long-term executive incentive plan, both of which were due to go to vote at the AGM on 19 May. It will suspend the sale of the non-scripted production, branded entertainment and events business operations of NENT Studios.

Tags: plan sale costs cut

 

Netflix to cut streaming quality in Europe for 30 days

2020-03-19 20:25:50| BBC News | Business | UK Edition

The video-streaming giant wants to ease strain on internet service providers.

Tags: days quality europe cut

 

US Shale Producers Cut Executive Pay As Oil Prices Crash

2020-03-19 10:10:00| OGI

U.S. shale producer Parsley Energy said March 18 it would slash executive pay 50%, the deepest such cut announced so far since the oil price collapse.

Tags: pay prices cut executive

 

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