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KUCHING: KKB Engineering Bhd’s 43%-owned OceanMight Sdn Bhd has bid for contracts worth some RM700mil to fabricate offshore facilities for the oil and gas (O&G) industry.
KUALA LUMPUR: Oil and gas (O&G) companies’ health, safety and environment (HSE) remains on top of the industry’s risk agenda, according to Earnst & Young’s new report Business Pulse: Exploring the Dual Perspective of the Top-10 Risks and Opportunities in 2013 and Beyond.
PETALING JAYA: Malaysia's oil and gas (O&G) acquisitions are expected to total between RM10bil and RM15bil this year, as players look to acquire expertise and reserves out of their horizon to ride sectoral growth.
PETALING JAYA: The recent findings of new oil and gas fields by Petroliam Nasional Bhd (Petronas) offshore Sarawak are expected to boost the country's reserves.
Prospects for the oil and gas sector are bright. Petra Perdana Bhd executive chairman and CEO Tengku Datuk Ibrahim Petra sees bright prospects against significant oil finds. For Petra, the growth sectors would be brown field redevelopment, marine and exploration and production services. SapuraCrest Petroleum Bhd will continue to be busy in 2005. Executive vice-chairman Datuk Shahril Shamsuddin sees the global demand for energy rising rapidly and expects the company's clients' activity levels to follow in tandem. For Tengku Daud Shaifuddin, executive director of Perisai Petroleum Teknologi Bhd, industry prospects were boosted by the recent rises in crude oil prices. Additional investment in the sector augur well for Perisai which has been charting tremendous growth over the past five years.
LONDON: Investment in UK oil and gas production is expected to increase by 35% this year but output will remain roughly the same, industry body Oil & Gas UK said.