More consolidation seen in O&G industry

Shahreen (right) and MPRC senior vice-president Syed Azlan Syed Ibrahim at the media briefing and engagement session with MPRC’s management team in view of the launch of MPRC report on 100 companies in the oil and gas sector.

It will be driven by current weak oil price, as companies need to grow in terms of size and capability to stay competitive

IT is hard to predict when oil prices will rise to more profitable levels again.