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KUALA LUMPUR: Kenanga Investment Bank Research is positive over Bumi Armada Bhd for its resilient earnings base in the FPSO space, which continues to display strong recovery trends.
The recent tie-up by Bumi Armada Bhd for carbon capture initiatives will have minimal earnings impact in the near term.
PETALING JAYA: Industry observers and analysts are of the general opinion that 2023 could be a bright year for the oil and gas (O&G) industry, by and large mirroring the outlook that local integrated O&G titan Petroliam Nasional Bhd (PETRONAS) has cast on the prospects of the sector as well as its own.
Maybank Investment Bank (IB) is maintaining its “positive” call on the oil and gas (O&G) sector amid a more positive picture painted in the Petroliam Nasional Bhd (PETRONAS) Activity Outlook (PAO) 2023-2025.
While Malaysia's listed oil and gas (O&G) providers have occasionally delivered returns to investors, the sector is looking dour today.
The prospects for the domestic oil and gas industry look bright this year, given the expected increase in upstream capital expenditure (capex), leading to continued activity and higher prices.
Analysts remain overweight on the upstream segment of the oil and gas (O&G) sector, on the assumption energy prices will remain well supported by production caps and the incorporation of a risk premium due to geopolitical tensions.
KUALA LUMPUR: The FBM KLCI fell below the critical 1,500 level in late morning trade on Monday on the political crisis in the ruling coalition government but key Asian markets skidded over the Covid-19 coronavirus.
PETALING JAYA: The potential improvement in most of Petroliam Nasional Bhd’s (Petronas) key value chains in 2022-2024 is expected to lend support for a recovery in the local oil and gas services and equipment (OGSE) sector in 2022, say analysts.
KUALA LUMPUR: Bursa Malaysia rebounded after its recent weak performance, which took the market into a correction phase.
Petroliam Nasional Bhd’s (PETRONAS) new outlook report for the next three years has provided some excitement to domestic energy stocks.
RISING global oil prices amidst increasing Covid-19 vaccination rates and anticipated higher world economic growth rates in 2022 are brightening the outlook for Malaysia’s oil and gas sector, say research analysts.
PETALING JAYA: The unstoppable streak of the oil price rally may seem like the end of the tunnel is near for the oil and gas (O&G) sector.
PETALING JAYA: Petroliam Nasional Bhd’s plan to slash its budget could see it saving some RM17bil, but this may be insufficient for the state-owned oil and gas (O&G) giant to weather the challenging economic environment, according to a local research house.
