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News Oil giant pull out from US$3.1b Sarawak project

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Syie9^_^
post Apr 29 2025, 01:14 PM

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Well, there is supply glut in Oil soon.

Demand is reducing...

Only those belief O&G got strong future laugh.gif


Syie9^_^
post Apr 29 2025, 01:51 PM

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QUOTE(icemanfx @ Apr 29 2025, 03:17 PM)
Conoco believe Petronas is no longer has the control or rights over the oil field.
*
Actually they never was OR have the right to Controls and manage.

it is like a Yesman executive jerk in office who thinks the world owes them some good life.

Syie9^_^
post Apr 29 2025, 01:52 PM

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QUOTE(Aparaa @ Apr 29 2025, 03:18 PM)
This actually shows that petronas is losing its grip in sarawak's oil and gas. For us Sarawakian, its not a surprise. The oil and gas will still be there. Question is who is going to partner petros to drill it.
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Shell will probable upper-hand in the new world.

Wonder if the BP will have its merger up.


 

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