Contrasting fortunes for O&G companies

Dayang managing director Tengku Datuk Yusof Tengku Ahmad Shahruddin said the contract win was a significant milestone for the Dayang group to bring the company to greater heights by leveraging on its market leading expertise in topside major structural maintenance and hook-up commissioning on engineering, procurement, construction and commissioning (EPCC) services

PETALING JAYA: Local oil and gas (O&G) players may be in for contrasting fortunes this year in spite of the steady rise in oil prices and outflow of contracts by Petroliam Nasional Bhd (Petronas).

Two companies that kicked off 2019 on opposite ends of the spectrum are Velesto Energy Bhd and Dayang Enterprise Holdings Bhd.