Like other oil and gas giants, ExxonMobil has decided to cut its spending by 12% to US$34 billion this year due to the falling prices. Interestingly, WTI crude oil for April delivery moved closer to US$52 per barrel in Asian trading this morning. Oil and gas drilling services company PT Apexindo Pratama Duta (APEX) Tbk, meanwhile, decided to move on with a plan to issue S$500 million of Notes for refinancing of debts. Also in this report: Jangkrik Complex, BD Field Madura, and Kampung Minyak Field.To subscribe please click here
