Linc Energy updates on initiatives amid lower oil prices
OIL and gas explorer and producer Linc Energy gave an update to shareholders on Tuesday morning on what it is doing to adapt to the lower oil price environment.
In an announcement on the Singapore Exchange, the company said ongoing initiatives include a review of its hedging programme, reduction in operating costs, a focus on maintaining economic production of its Gulf Coast oil and gas assets, and strengthening of its balance sheet through a receivable factoring agreement.
Linc Energy closed at 42 Singapore cents on Monday, down 1.5 cents or 3.4 per cent. The company is trading near a one-year low.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
Singapore shares retreat at Thursday’s open; STI down 1.1%
Malaysia weighs casino licence to revive Forest City
Frasers Centrepoint Trust posts 1.8% drop in H1 DPU to S$0.06022
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
US seeks 36 months’ jail for Binance founder Zhao