Upbeat outlook on O&G sector, PETRONAS activities

IB said five segments – drilling, fabrication, offshore support vessel (OSV), pipelines, and maintenance operations – are expected to see an increase in activities this year. — Reuters

PETALING JAYA: Maybank Investment Bank (IB) is maintaining its “positive” call on the oil and gas (O&G) sector amid a more positive picture painted in the Petroliam Nasional Bhd (PETRONAS) Activity Outlook (PAO) 2023-2025.

It said five segments – drilling, fabrication, offshore support vessel (OSV), pipelines, and maintenance operations – are expected to see an increase in activities this year.