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KUALA LUMPUR: AmInvestment Research is retaining its Neutral outlook on the oil and gas sector as persistent low asset utilisation levels could still lead to negative cash outflows in the first half of 2017.
JAKARTA: Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government.
KUALA LUMPUR: UMW Holdings Bhd (UMW) is exiting the oil and gas (O&G) sector to refocus on its core businesses of automotive, equipment and manufacturing & engineering.
NEW YORK: JPMorgan Chase & Co disclosed on Friday that its "criticized" loans to the oil and gas industry more than doubled in the first three months of the year.
KUALA LUMPUR: CIMB Equities Research has resumed coverage on the oil and gas (O&G) sector with a downgraded call to Neutral.
ANALYSTS are expecting oil and gas (O&G) firms to cut their capital expenditure by up to 40% next year as global oversupply of the commodity continues.
UMW Corp Bhd#039;s acquisition of 90.5% equity in Petrodril (M) Sdn Bhd in March last year has provided opportunities and growth potential for the automotive and industrial manufacturing group to develop its oil and gas division as a core business and to expand its earnings base.
NEW DELHI: India plans to offer at least 56 oil and gas exploration blocks in its first auction of licences in nearly two years, based on new gas-pricing and revenue-sharing rules, oil secretary Vivek Rae said.