KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research, which maintained a “neutral” call on the oil and gas sector, still thinks that 2023 will be a golden year for the oil and gas service providers (OGSE players) – a laggard to the elevated oil price environment for the past year.
“However, we are also wary of cost hikes that are currently demonising the oil and gas services and equipment (OGSE) space due to cost inflation woes amidst the heightened oil and gas demand with global supply chain disruptions – impacting the availability of oilfield equipment and spares,” the research house said.
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