Post Tagged with: "cost cuts"
Exxon pursues cost cuts at Russia’s Sakhalin-1 project
MOSCOW – Exxon Neftegaz Ltd (ENL) is adjusting the schedule and scope of some of its activities at the Sakhalin-1 oil and gas project in far eastern Russia as it moves to cut spending in response to the coronavirus …
Patterson-UTI cost cuts help it post smaller-than-expected loss
Source: Reuters
(Reuters) – Oilfield services firm Patterson-UTI reported a smaller-than-expected loss on Thursday, as cost cuts helped it limit the impact of an ongoing decline in North American shale activity.
An investor push toward higher returns instead of growth …
