Oil and gas service providers cannot afford to be ‘choosy’, says UMW chief


Yeah, I can:

Dateline 2015-05-19, TMI:

UMW Oil & Gas Corp Bhd’s (UMW O&G) chief said support service providers in the industry could not afford to be “choosy” as lower crude oil prices led to fewer contracts in the market.

UMW O&G president Rohaizad Darus said the number of contracts available had declined by 30% compared to a year earlier.

“Service providers in the oil and gas industry now cannot be choosy about the work they take,” Rohaizad told reporters after UMW O&G’s annual general meeting here today.

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This entry was posted on Saturday, June 27th, 2015 at 6:59 am and is filed under investment, 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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