Domestic oil and gas contractors seen as safe haven amid global shocks

Quick Summary:

US tariffs and OPEC+ moves could lower oil demand, delay projects, and pressure upstream earnings, despite domestic contractor resilience.

The post Domestic oil and gas contractors seen as safe haven amid global shocks first appeared on Focus Malaysia.

Therefore, the temporary pullback on development projects may, in our view, slowdown new floating production storage and offloading (FPSO) project awards from oil majors.

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Article Details

Author / Journalist: CS Ming

Category: InvestingMarketsBusiness

Markets: Malaysia

Topics: Top Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 07:16:46 (5 days ago)

News Timezone: GMT +8:00

News Source URL: focusmalaysia.my

Language: English

Article Length: 528 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Focus Malaysia

News ID: 27785012

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About Focus Malaysia

Main Topics: InvestingMarketsBusiness

Official Website: focusmalaysia.my

Update Frequency: 17 posts per day

Year Established: 2012

Headquarters: Malaysia

News Last Updated: 10 hours ago

Coverage Areas: Malaysia

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Publisher ID: #16

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