KUALA LUMPUR: As Malaysia Marine and Heavy Engineering Holdings Bhd
(MMHE) navigates a challenging operating environment, tighter global oil supply and higher prices amid growing global demand could bolster capex spending beyond pre-pandemic levels, said managing director and CEO Pandai Othman.
Reviewing the third-quarter results and outlook for the energy and marine solutions provider, Pandai said this was owing to the recent conflict in the Middle East as well as the ongoing commitment by Opec+ to reduce global oil supply.
