O&G upstream activities poised to get a boost

TheStar Wed, Jan 05, 2022 09:00am - 2 years View Original


Petronas could allocate RM40bil-RM45bil in capital expenditure (capex) this year, in line with its five-year annual capex guidance, RHB Research said.

PETALING JAYA: Oil and gas (O&G) upstream activities should recover with greater momentum even though further downward revisions in crude oil demand by major agencies in the coming months can be expected.

This is mainly due to the re-implementation of lockdown measures in response to the emergence of new Covid-19 variants.

The upward revision of activities guidance in the latest Petronas Activity Outlook 2022-2024 report suggest recovery of upstream activities, said RHB Research.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

ALAM 0.020
ARMADA 0.570
CARIMIN 0.825
DAYANG 2.450
DELEUM 1.370
ICON 0.735
PENERGY 1.270
PERDANA 0.325
UZMA 1.290

Comments

Login to comment.