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OSLO: Norway’s US$1 trillion sovereign wealth fund proposed dumping about US$35bil in oil and gas stocks, including Royal Dutch Shell Plc and Exxon Mobil Corp, to protect the economy of western Europe’s biggest petroleum producer.
KUWAIT: Saudi Arabia is looking at unprecedented deals to acquire oil and gas assets in Russia, deepening ties between the world’s largest energy exporters as the Saudi king prepares to visit Moscow later this week.
KUALA LUMPUR: Shares of UMW Holdings jumped to a high of RM4.93 early Friday after it announced its plans to exit the oil and gas business but UMW Oil and Gas Corporation (UMW-OG) slumped.
ENGINEERING group Ranhill Bhd, which has aspirations to become a global oil and gas player, is close to acquiring a major company in that sector, according to sources.
Nippon Oil Corp of Japan says it found a new offshore oil and gas deposit near Malaysia's Helang field
Oil and gas service companies such as Petronas Gas Bhd, SapuraCrest Petroleum Bhd and Wah Seong Corp Bhd are set to benefit from Petroliam Nasional Bhd's (Petronas) plan to embark on a Sabah oil and gas terminal project together with its production sharing contractor partners.