“Evidently, oil companies are recognising the need to turn their capex taps back on, including Petronas, ” it said adding that 2025 spending is expected to surpass 2021 by some 36%.
PETALING JAYA: While oil prices have been on the rebound track, oil and gas (O&G) activities should head for a recovery, albeit on a gradual basis.
It’s not only a combination of factors like disruption in supplies, which has been keeping the price buoyant, but also the all-round feel-good belief that economic recoveries are on the horizon, thanks to ongoing Covid-19 vaccination programmes globally.
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