Lower Petronas spending hits oil and gas services players’ results

Dateline 2025-09-01, Business Times:

KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) capital expenditure (capex) dip in the first half of 2025 (1H25) has affected local oil and gas services and equipment (OGSE) players.

Maybank Investment Bank (Maybank IB) said the national oil company’s total capex stood at RM17.7 billion in 1H25, down 31 per cent year-on-year (YoY).

This led to lower earnings from local OGSE companies for the period under review compared to 1H24.

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This entry was posted on Thursday, September 4th, 2025 at 9:00 am and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Wata – Malaysian Oil and Gas Engineer