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Friday, January 28, 2011

Oil and gas laggards may garner interest (Edge)

4 marginal oilfield clusters up for grabs
KUALA LUMPUR: For the first time ever, Petronas Nasional Bhd will develop marginal oilfields to boost Malaysia's oil production. And the development of the initial four clusters will be via service contracts and not the normal production sharing contracts (PSCs).

Oil and gas laggards may garner interest
KUALA LUMPUR: Interest in oil and gas stocks may spill over to the sector's laggards which have yet to catch up with the rally in the broader industry and which observers say could somehow benefit when the flow of investments accelerates in the sector.

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