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BENGALURU: General Electric Co (GE), banking on a recovery in oil prices, said it would merge its oil and gas business with No. 3 oilfield services provider Baker Hughes Inc.
KUALA LUMPUR: The oil and gas industry has dominated Miri’s economy since Malaysia’s first oil rig was built there in 1910, and many young Miri-ans grow up expecting a career in the industry.
MIRI: Rich deposits of crude oil and gas have been discovered in the vicinity of Miri City in northern Sarawak – the first time in 24 years that “black gold” has been found in such a sizeable volume in the inland areas of Malaysia.
KOTA KINABALU: The country’s first integrated oil and gas terminal is set to be operational by early next year after undergoing several months of a commissioning process.
SIXTEEN Malaysian companies from the oil and gas industry including small and medium enterprises (SMEs) and large corporations such as Petronas took part in the Offshore Technology Conference (OTC) 2017 in Houston, the US.
KUALA LUMPUR: The oil and gas industry endured another challenging year in 2016 as the global supply glut continued to haunt the market, pushing global crude oil prices to their lows.
PETALING JAYA: Petroliam Nasional Bhd’s (Petronas) poor performance and sober prediction for the oil and gas industry next year spell a challenging outlook for the industry players with earnings at risk. Analysts are underweight on the sector for 2016, with some pointing out that preservation of cashflow would be key as Petronas cuts down on its spending.