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TYPICALLY, most oil and gas (O&G) companies should be generating profits with the crude oil prices currently trading at a high of US$80 per barrel.
PETALING JAYA: Despite weak second-quarter results, analysts reckon that there are encouraging signs for Astro Malaysia Holdings Bhd going forward, which include a rebound in earnings in the coming quarters and positive net additions for its pay-TV subscribers.
PETALING JAYA: Sapura Energy Bhd, which is saddled with net debt of slightly more than RM15bil, has stepped up plans to reduce its gearing with a proposed disposal of a 50% stake in its oil and gas exploration and production (E&P) arm to Austria’s OMV Aktiengesellschaft (OMV AG).
Chemical Company of Malaysia Bhd (CCM) is working towards building up its capacity in chemicals and polymers production in anticipation of stronger demand from local and regional markets.