DNeX looking into acquiring upstream oil and gas assets

CYBERJAYA: Dagang Nexchange Bhd (DNeX) is looking into acquiring additional late cycle producing assets in the North Sea, Malaysia and within the region, said group managing director Tan Sri Syed Zainal Abidin Syed Mohamed Tahir.

“International oil and gas majors are divesting their upstream assets as part of their global portfolio rebalancing. Opportunities are aplenty for us to embark on investments or acquisitions of late cycle producing brownfield assets in these regions,” he said in a statement.