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PETALING JAYA: While the plunging crude oil price has wreaked havoc on oil and gas (O&G) stocks, Yinson Holdings Bhd is fairly confident that its margins will be intact on the grounds that its contracts with suppliers are secured.
MOSCOW/MILAN (Reuters) - Russian energy producer Gazprom is preparing to offer to sell more natural gas to Europe at spot prices to ensure European companies' support for a planned pipeline bypassing Ukraine, industry sources say.
Lack of sales likely to hit profits hard for De Beers and Alrosa
PORT operator Integrax Bhd (formerly known as Ganz Technologies Bhd) is looking at setting up reciprocal terminals in the region most likely in Sumatra, Indonesia.
BY outbidding other contenders for a substantial stake in Petra Energy Bhd, pipe-coating specialist Wah Seong Corp Bhd is set to emerge as the second-largest shareholder in the integrated oil and gas (O&G) brown field services provider once the deal is finalised.
EARLIER this week SapuraKencana Petroleum Bhd became an integrated oil and gas player when it won the bid to buy United States-based Newfield Exploration Co’s oil and gas assets in Malaysia for a hefty RM2.85bil.
KUALA LUMPUR: CGS-CIMB Equities Research is maintaining its Overweight rating on oil and gas but highlight risks from the free fall in crude oil prices.