KUALA LUMPUR: Oil and gas (O&G) players should look at consolidating, reducing costs and investing in new technologies to sustain their business in the lower oil price environment, said GE Oil & Gas Asia Pacific president Visal Leng.
He said players in the sector would continue to see more consolidation amid oil prices stabilising between US$50 and US$60 per barrel, as companies need strong balance sheets to operate in the new environment.
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