Tough year ahead for Malaysia’s oil and gas sector


Can I adopt a godfather, please?

Dateline 2015-04-07, Malay Mail:

Malaysia’s oil and gas (O&G) sector’s mergers and acquisitions (M&As) this year are expected to fall slightly to US$5 billion (RM18 billion) from US$5.7 billion last year.

Deloitte Malaysia Energy and Resources Leader, Nizar Najib, said some firms may have cashed out to launch acquisitions but the others may not have the means to undertake M&As due to depletion in their order books.

“The acquisitions would likely be more domestic-focused as Malaysian firms were interested to consolidate locally,” he told Bernama at the Deloitte South-East Asia Oil and Gas Summit 2015 here today.

 

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