Upbeat outlook for sector on robust activity

PETALING JAYA: Despite Petroliam Nasional Bhd’s (PETRONAS) anticipation of lower oil prices this year, the outlook for the oil and gas sector remains positive with activities likely to remain robust.

With the national oil company’s capital expenditure (capex) remaining stable at around RM50bil to RM60bil, local oil and gas services and equipment (OGSE), especially those in the upstream segment, are expected to continue to see a healthy flow of jobs this year.