M'sian O&G companies should look into consolidation, says Petronas

KUALA LUMPUR: Malaysian oil and gas (O&G) companies must consider exploring consolidation opportunities within the fraternity to increase competitiveness and put the industry in a good stead when the global oil market recovers.

"Those with heftier cash and other means to fund consolidation and guided by a clear strategic focus, will be able to beat competitors to the negotiating table for winning deals," he said.