Sep 19, 2025
Malaysia Oil & Gas Sector Faces Tepid Outlook as Upstream Earnings Weaken
KUALA LUMPUR, Sept 19 – Malaysia’s oil and gas sector posted a second straight quarter without earnings outperformance, signaling that profits may have peaked in FY24, according to Kenanga Research. Upstream service providers such as Dayang and Wasco reported weaker-than-expected earnings in 2QFY25 due to declining work orders and vessel utilisation, while PChem continued to disappoint amid stiff…