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Office space blues from oil and gas companies

Office space blues from oil and gas companies

Tuesday, 29 December 2015 Office space blues from oil and gas companies BY INTAN FARHANA ZAINUL Cost-cutting measure: The 29-storey Menara ExxonMobil has been leased to the company since 1997 and the O&G giant is looking at occupying up to only half of the building. PETALING JAYA: The bleak long-term outlook of oil prices has…

Grade A office rent under pressure

Grade A office rent under pressure

Monday, 4 January 2016 Grade A office rent under pressure BY THEAN LEE CHENGandEUGENE MAHALINGAM Low oil prices hit O&G firms which pay top money for office space PETALING JAYA: Low oil prices and slowing economic growth have resulted in companies from across the board renegotiating their leasing agreements, property consultants say. The focus seems…