Malaysia's Oil & Gas sector downgraded


PETALING JAYA: Slower project rollouts and delays in new tenders are expected to translate into a cut in earnings for local oil and gas (O&G) players over the next two years, according to research house AmResearch.

It said in a report yesterday that the impact would be more significant for domestic-centric upstream players, as opposed to more globalised operators such as Bumi Armada Bhd and SapuraKencana Petroleum Bhd or downstream service providers such as Dialog Group Bhd.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , oil & gas , amresearch ,

   

Next In Business News

Bitcoin at record highs, sets sights on US$100,000
Oil heads for weekly gains on anxiety over intensifying Ukraine war
Dollar climbs to 13-month peak, bitcoin eyes US$100,000
Bank Negara international reserves up at US$118bil
Affinity in talks to buy Penang-based Golden Fresh
AirAsia founder plots low-cost Dubai-like hub in Bangkok, Kuala Lumpur
China makes moves in digital culture market
Over 90% of entrepreneurs have yet to adopt e-invoicing - expert
Oil heads for weekly gains on anxiety over intensifying Ukraine war
S&P lowers outlook on three Adani units after US indictment of founder

Others Also Read