PETALING JAYA: Lower oil prices are stoking demand for mergers and acquisitions (M&As) in the oil and gas (O&G) industry even as investors shy away from this once high-flying sector.
For UMW Oil & Gas Corp Bhd (UMW-OG), opportunities to expand are opening up amid falling prices. The cash-rich company is looking to acquire new drilling assets at prices cheaper than what it used to pay.
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