Shahril: ‘While the industry outlook remains uncertain in the short term, there are now early indications that oil price is heading towards a path of relative stability in the medium term.’
SapKen says intense competition will put pressure on margins
PETALING JAYA: Prolonged spending cuts by oil majors will continue to pose “significant” challenges” for the industry, according to SapuraKencana Petroleum Bhd, the country’s biggest oil and gas contractor.
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