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New oil projects to double in 2017, WoodMac says

12 January 2017

LONDON: Oil and gas companies will increase spending in 2017 and more than double new project developments as they gain confidence that a two-year oil price slump is behind them, consultancy Wood Mackenzie said.

New oil projects to double in 2017, WoodMac says

11 January 2017

LONDON: Oil and gas companies will increase spending in 2017 and more than double new project developments as they gain confidence that a two-year oil price slump is behind them, consultancy Wood Mackenzie said.

Oil recovers some previous losses on planned output cut

11 January 2017

SINGAPORE: Oil edged up on hopes that some planned output cuts agreed by the Organisation of the Petroleum Exporting Countries (Opec) and other producers would be implemented, recovering some ground from losses the previous day over doubts the reductions would rebalance an oversupplied market.

Asian stocks shaky as oil slump, 'hard' Brexit fears dim mood

10 January 2017

SINGAPORE: Asian stock markets were on the back foot on Tuesday as risk appetite evaporated overnight after the year's strong start, with equities retreating, oil markets roiled by a supply surge and the pound sliding on renewed concerns about a "hard" Brexit.

SapKen wins jobs worth RM1.34bil

10 January 2017

PETALING JAYA: Oil and gas services firm SapuraKencana Petroleum Bhd (SapKen) has been awarded contracts with a combined value of about RM1.34bil (US$300mil).

SapuraKencana gets US$300m contracts boost

9 January 2017

KUALA LUMPUR: SapuraKencana Petroleum Bhd has bagged five contracts totalling US$300mil or RM1.34bil including to provide its underwater services, offshore installation work and rigs.

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