Nabors industries says additional $75 mln reduction in planned 2020 capital expenditures

Nabors responds to market conditions.nabors industries ltd - additional $75 million reduction in planned 2020 capital expenditures.nabors industries ltd - salary reductions totaling 20 percent for each of ceo and cfo.nabors industries ltd - new reduced target is $275 to $295 million, compared to $350 to $370 million previously for 2020.nabors industries ltd - withdrawn any previously-issued guidance for its full-year 2020 results.nabors industries ltd - to suspend dividend on nabors' common shares.nabors industries ltd - expects q1 results to fall somewhat below guidance provided on q4 earnings call.nabors industries ltd - many e&p operators are implementing activity reductions in u.s. lower 48.
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