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KOTA KINABALU: The booming oil and gas industry augurs well for the future of Sabah's economy, said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok.
SYDNEY: Woodside Petroleum, Australia's biggest oil and gas company, said its underlying halfyear profit rose 4.5 percent on Wednesday as liquefied natural gas production ramped up and prices firmed.
The prospects for oil and gas (OG) service providers remain strong given that the high price of crude oil is expected to spur oil majors to embark on exploration and production (EP) activities and boost demand for equipment and services.
Alpha Perisai Sdn Bhd believes that the introduction of AlphaPRIME sub-sea technology in the largely untapped marginal oil fields will be well received by oil and gas industry players.