Last week, Petroliam Nasional Bhd (Petronas) said it planned to allocate the bigger chunk of its annual capital expenditure (capex) for Malaysian O&G activities to help boost the economy.
PETALING JAYA: More contracts are expected to be awarded in the oil and gas (O&G) sector in the second half of this year despite crude oil price rallying more than 75% since last November to above US$64 per barrel.
AmInvestment Bank said it expected improving prospects in the O&G sector despite weak order flows in the fourth quarter of 2020.
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