Analysts mixed on O&G after Petronas releases 2025-27 outlook

Analysts are divided in their outlook for Malaysia’s oil and gas (O&G) sector following the release of the Petronas Activity Outlook (PAO) 2025-2027.
The outlook forecasts a general reduction in upstream activities and a focus on maintenance services.
Despite some concern over the slowdown in drilling and offshore support vessel (OSV) demand…