Longer period of slow contract flow for O&G

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.