TAKING the cue from US oil and gas (O&G) services giant Halliburton Co’s takeover bid of its rival Baker Hughes Inc, a consolidation in the local scene is probably the way forward, if Petronas’ head honcho is to be taken seriously.
The reason the biggest deal in the global O&G sector since 2010 is taking shape is due to plunging crude prices that has pushed both Halliburton and Baker Hughes to come together to ensure margins are protected.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
