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Business 30 Sep 2004 | 12:00 AM

Listed oil and gas players add depth to sector

MALAYSIA'S oil and gas reserves may account for only 0.3% of world reserves, but its oil and gas sector is expected to grow significantly in view of more direct involvement of its players both locally and overseas.

Business 04 Nov 2013 | 3:16 PM

Anadarko eyes US$1bil sale of China oil and gas project stakes

HONG KONG: Anadarko Petroleum Corp is considering the sale of its holdings in oil and gas projects in China in a deal that could be valued at about $1 billion, sources familiar with the matter said, as it eyes plouging money back into the U.S. market.

Commodities 07 Mar 2019 | 12:00 AM

Rising inventories may halt oil and gas rally

PETALING JAYA: Oil and gas stocks have been powering the rally on Bursa Malaysia, following a rise in crude oil prices for two straight months as the Organisation of Petroleum Exporting Countries (Opec) and its partners reduce output in their bid to balance global oil markets.

Corporate News 20 Jun 2018 | 10:57 PM

Shell sells US$1.3bil of oil and gas assets in Malaysia, Norway

LONDON/ OSLO: Royal Dutch Shell announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for over $1.3 billion (988 million pounds), bringing it closer to a target of $30 billion in disposals by year-end.

Corporate News 15 May 2018 | 8:42 AM

UMW Oil and Gas expects to turn around

KUALA LUMPUR: UMW Oil and Gas Corporation Bhd ( UMW-OG) is cautiously optimistic of making a turnaround in the current fiscal year if the last year's positive momentum continues.

Investment 23 Sep 2017 | 12:00 AM

Oil and gas shares back on investors’ radar

After more than three years stuck in the doldrums, the oil and gas (O&G) industry seems to be back on investors’ radar. This week, several O&G service providers made into the top volume list, as the price of oil heads for its third weekly gain.

Analyst Reports 26 Jul 2017 | 1:53 AM

AmInvestment Research remains cautious on oil and gas sector

KUALA LUMPUR: AmInvestment Research remains cautious on the oil and gas sector given the unabated increase in shale oil production highlighted by rising US rig counts, which has surged 2.4 times since the all-time low in May 2016 to 950.

Corporate News 25 Jul 2017 | 10:03 AM

T7 Global buys 9.8% stake in Australian oil and gas producer

KUALA LUMPUR: T7 Global Bhd has bought 9.8% equity interest in Australia-listed oil and gas exploration and production firm Triangle Energy (Global) Ltd (TEGL) for US$500,000 (RM2.14mil) cash.

Commodities 12 Jul 2017 | 12:00 AM

Malaysia’s oil and gas industry on the road to recovery

KUALA LUMPUR: There is optimism that the nation’s oil and gas industry is on the road to recovery, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Business 10 May 2017 | 12:00 AM

Oil and gas players urged to consider reducing costs

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.