KrisEnergy trims loss to US$41m, writes down Thai assets
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
UPSTREAM Asian oil and gas explorer KrisEnergy said on Thursday it will defer exploration spending until oil prices improve, as the company announced its full-year results that included a write-down of its Thai producing assets.
Capital expenditure will be just US$50.8 million in 2016, the lowest level since the company was set up in 2009, CEO Keith Cameron said in a statement.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
