O&G firms going ahead with spending and plans despite low oil prices

WITH the oil and gas (O&G) sector being one of the crucial sectors for the Malaysian economy and stock market, the downward spiral of oil prices in the last four months have left many jittery.

Sure, many were already aware of the steady build-up of oil supply in North America and the softening demand in Europe and Asia. Then there were also geopolitical tensions in the Middle East.