BFM Podcast
Re-evaluating the Oil & Gas Industry
Chris Eng, Executive Vice President, Head of Research Investment Management Etiqa Insurance & Takaful
21-Nov-14 11:00
Petronas which is set to re-evaluate its RM 300 billion capex programme will have major spillover effects for the oil & gas industry. Chris Eng also discusses the FPSO segment which is showing resilience but remains cautious over the Brazil market.
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Soon, the RM 300 billion capex programme will be reduced to RM 100 billions and brings major negative spillover effects for the local oil & gas industry.
What do you think the future will be when Petronas does austerity.... especially to those local oil & gas which have spent a lot to expand their oil & gas assets....
Think and think harder
2014-11-22 18:19
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Petronas which is set to re-evaluate its RM 300 billion capex programme will have major spillover effects for the oil & gas industry.
The biggest threat to the local oil & gas industries will be the Malaysian government..... yes, the Malaysian government.
Recall that Petronas had applied to limit its dividend to the Malaysian government at 30% of its profit, but, was rejected.
Double whammy is............ with a lower income in years to come, yet, the Malaysian government will ask for more because the Malaysian most recent economy's growth rate was below 6%.
The biggest threat to the local oil & gas industries will be the Malaysian government..... yes, the Malaysian government.
2014-11-21 16:46