Forum : petronas no money liao. run for your life. | I3investor

petronas no money liao. run for your life.

Posted by TF8888 > 2015-08-14 17:49 | Report Abuse

Petronas profit down at RM11.1b on lower LNG volume, prices Petronas says cash flow from operations insufficient to meet capex and dividend commitments, to draw from cash reserves

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4 comment(s). Last comment by Tripaka 2015-08-17 09:49

4,909 posts

Posted by Orlandooil > 2015-08-14 17:57 | Report Abuse

Petronas closing 14 of its 18 offshore oil rigs.

All the O&G companies relying on Petronas is going to makan sendiri.

101 posts

Posted by TF8888 > 2015-08-14 17:59 |

Post removed.Why?

4,909 posts

Posted by orlandooil > 2015-08-17 09:43 | Report Abuse

Focus Malaysia reported earlier.

Now The Star also just reported; Petronas is closing down its oil rigs.

http://www.thestar.com.my/Business/Business-News/2015/08/17/Petronas-lowers-rig-count/?style=biz

2,960 posts

Posted by Tripaka > 2015-08-17 09:49 | Report Abuse

Not good news....economy will further erode.

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