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OFFSHORE Hydrocarbon Mapping plc (OHM) is looking at providing its advanced technology for detecting the presence of offshore oil and gas reserves to major local petroleum companies.
The bulls are expected to take firm charge of the oil and gas sector for some time to come, and it’s no wonder, what with the high and sustained crude oil prices and the unrelenting global demand for energy, especially that emanating from emerging markets.
PETALING JAYA: While the reduced volatility in crude oil prices may boost capital expenditure (capex), near-term uncertainties remain in the local oil and gas (O&G) sector, said UOB Kay Hian Research.
KUALA LUMPUR: Progress Energy, the Canadian unit of Malaysian state energy firm Petroliam Nasional Berhad, said on Thursday it was looking to sell its Deep Basin oil and gas asset in the Canadian province of Alberta.
PETALING JAYA: While equity analysts remain bearish on the oil and gas (O&G) sector, they are more upbeat about the prospects of downstream companies. One reason is that the plunge in crude oil prices benefit downstream players as it lowers the cost of their raw materials.
KUALA LUMPUR: Blue chips fell at the midday break on Wednesday as the rebound in crude oil prices failed to lift the oil and gas counters while Petronas-linked stocks managaed to eke out marginal gains.
KUALA LUMPUR: BIMB Holdings Bhd’s share price fell to a low of RM4.35 on Friday on growing worries about financial companies’ exposure to the troubled oil and gas (O&G) companies with debt problems.