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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.
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.
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.
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.
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.
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.
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.