Upstream

Malaysia Oil & Gas Sector Faces Tepid Outlook as Upstream Earnings Weaken

Malaysia’s oil and gas sector shows declining profits and a tepid outlook, with expectations of weaker upstream earnings through FY26.

7 months ago

Bumi Armada Secures RM578M in FPSO Contracts, Signals Strong Upstream Stability

Bumi Armada Berhad secured two contracts worth RM578.4 million in India, enhancing its FPSO operations and reinforcing positive financial projections…

1 year ago

OPEC+’s output increase may put pressure on energy stocks

Energy stocks may face selling pressure due to OPEC+’s planned oil output increase in April 2025

1 year ago

Petronas Slashes Staff to Survive Next Decade’s Energy Shift

Petronas rightsizes workforce for survival amidst global energy changes, focusing on efficiency and new market dynamics.

1 year ago

Oil & Gas Sector Update: Positive Outlook

Price Trends: Brent crude oil dipped -1% YoY in January CY25, while Henry Hub natural gas surged +36% YoY. Market…

1 year ago

Petronas Powers Up: Malaysia and Japan Forge Ahead in Clean Energy Revolution

The long-standing economic ties between Malaysia and Japan, with a significant number of manufacturing projects and investments, are seen as…

1 year ago

Gas and LNG Market Update – January 2025

Asian spot LNG prices for February delivery fell 3% to $14.4 per MMBtu on 8 January, with further declines expected…

1 year ago

Upstream Sector Stays Resilient Amid Falling Oil Prices and Global Demand Uncertainty in 3QCY24

Despite a temporary dip in oil prices, upstream operations showed resilience, maintaining steady investment and production levels.

1 year ago

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