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Major offshore E&P companies are slashing budgets by a further 20-30 per cent in 2016, according to Bloomberg Intelligence.

Ezion Holdings | Sell

Target price: S$0.11

Jan 28 close: S$0.49

KGI Fraser, Jan 28

Major offshore E&P companies are slashing budgets by a further 20-30 per cent in 2016, according to Bloomberg