Challenging year for oil and gas industries


No queues were observed at a petrol station along Jalan University in Petaling Jaya Saturday night.

THE year 2016 will be one marked with challenges for the oil and gas (O&G) industry, with slower progress in the upstream sector, according to the National Transformation Programme (NTP) annual report 2015.

The industry is no stranger to trying conditions, having gone through a similar cycle when oil prices went down below US$10 per barrel in 1998.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , NTP , oil and gas , NKEA

Next In Business News

Sunview's indirect subsidiary inks 21-year PPA with TNB
Perdana Petroleum unit secures two contracts for provision of vessels
Protasco unit inks interim agreement for maintenance of Federal roads
MyNews' new store openings bolster 4Q profit
Malakoff subsidiary inks 21-year PPA with TNB
DPS Resources unit partners VCI Energy on solar PV project in Melaka
OCK inks MOA for development of Cyberjaya optical fibre infrastructure
Wawasan Dengkil gets shareholders' approval for LSS joint venture in Kedah
TNB: Stronger, smarter grid driving Malaysia's clean energy transition
Malaysia defies global trade tensions with solid growth - IMF

Others Also Read