From Sinchew – O&G upcycle to begin this year: HwangDBS


Dateline 2012-01-04:

Malaysia’s oil and gas (O&G) upcycle will start in 2012 with Petronas going full throttle to sustain oil production, according to a research house.

HwangDBS Vickers Research said the national oil company’s record RM300 billion capital spending over five years would be a strong re-rating catalyst for domestic O&G players.

“Critical gas shortage in the country has also prompted Petronas to fast-track upstream activities, which will benefit local players,” it said in a note today.

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This entry was posted on Thursday, January 12th, 2012 at 6:00 am and is filed under business opportunity, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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