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Corporate News 12 Jun 2018 | 12:00 AM

Consolidation of the oil and gas sector not fast enough

PETALING JAYA: The steady rise in global crude oil prices would have, under normal circumstances, set the tone for a recovery in the oil and gas (O&G) sector.

Business 16 May 2016 | 12:00 AM

OceanMight on expansion mode despite bearish oil and gas sector

KUCHING: OceanMight Sdn Bhd, a new oil and gas (O&G) player, is a bright spot in the battered industry caused by the slump in global crude oil prices.

Business 12 Dec 2015 | 12:00 AM

Opec non-action hurts sentiment

This week saw crude oil prices slide below US$40 a barrel, the lowest level since the 2008/2009 financial crisis, The Organisation of Petroleum Exporting Countries’ (Opec) meeting last week has failed to provide a solution to the oil glut situation.

Business 08 Mar 2014 | 12:00 AM

Results of more O&G stocks lacklustre

Financial results during the fourth quarter of 2013 were a disappointment for the O&G segment, with more stocks missing the mark.

Business 04 Nov 2008 | 12:00 AM

Retreating crude oil’s impact on E&P

THE looming global recession has caused a sharp retreat in crude oil prices, sparking fears of cutbacks in exploration and production (EP) activities, and elevated financing costs.