PETALING JAYA: With Petroliam Nasional Bhd (Petronas) expected to intensify its cost-cutting measures to improve its operating cashflow, local oil and gas (O&G) services providers will likely continue to see an extended period of slow contract flows and potentially renegotiations of existing contracts.
This implies that the earnings visibility for most industry players would remain poor, said analysts.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!