Consolidation of the oil and gas sector not fast enough


Petronas

PETALING JAYA: The steady rise in global crude oil prices would have, under normal circumstances, set the tone for a recovery in the oil and gas (O&G) sector.

However, while oil majors are changing gear from “survival” to “growth” mode, many O&G services and equipment (OGSE) players are still reeling from the downturn the industry faced for three years.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Petronas , service providers , oil , gas , O&G , Petronas , consolidation , OGSE ,

   

Next In Business News

Asia stocks rally on renewed global rate cut optimism
Malaysia end-April palm oil stocks rise 1.85%, MPOB says
FBM KLCI nearly flat at midday
UOB Malaysia's FY23 operating income hits record RM4.6bil, pretax profit RM1.9bil
Bursa Malaysia all-time high indicates Madani framework is building investor confidence
OCBC posts record Q1 profit, makes US$1bil bid to take Great Eastern private
Amazon’s new fees on sellers likened to ‘kick in the gut’
Mr D.I.Y earnings in line with expectations
Annum falls under PN17
Ringgit appreciates against the US dollar at opening on renewed demand

Others Also Read