buyappleacc.com is a reputed website selling apple developer account, providing us, China and worldwide developer individual accounts for sale. It's at low price and good quality. Always provides satisfying services!

HomeSocialtext

aws【试用】账号(www.2km.me)_O&G upstream activities poised to get a boost

admin2022-01-0639

aws{『试用{「“账号”」}』}

aws{『试用{「“账号”」}』}www.2km.me)<提>供aws{「“账号”」}、aws〖全区号〗、aws32v{「“账号”」}、亚马逊云{「“账号”」}出售,<提>供api , 质量稳定[,{数量持续}。「另」有售azure oracle linode等{「“账号”」}.

Petronas could allocate RM40bil-RM45bil in capital expenditure (capex) this year, in line with its five-year annual capex guidance, RHB Research said.

PETALING JAYA: Oil and gas (O&G) upstream activities should recover with greater momentum even though further downward revisions in crude oil demand by major agencies in the coming months can be expected.

This is mainly due to the re-implementation of lockdown measures in response to the emergence of new Covid-19 variants.

The upward revision of activities guidance in the latest Petronas Activity Outlook 2022-2024 report suggest recovery of upstream activities, said RHB Research.

Petronas could allocate RM40bil-RM45bil in capital expenditure (capex) this year, in line with its five-year annual capex guidance, it said.

That would mean a higher number of development projects – 90 brownfield and 42 greenfield versus last year’s 74 and 34 respectively, with more fields and to-be-developed stages and field development plans sanctioned for execution.

The sub-segments with higher activities in 2022 include semi-submersibles and drillships; pipeline installations (pipelay barges); hook-up and commissioning (HUC); maintenance, construction and modification and well decommissioning. The maintenance services-related players should benefit from higher work orders.

Petronas is targeting to kick-start domestic hydrogen projects by 2024, starting with blue, then green hydrogen. This new hydrogen venture suggests a new growth area.

O&G services and equipment players are encouraged to collaborate in scaling up their hydrogen businesses with Petronas.

The overall petroleum tanker market was weak in 2021 due to excess tonnage. RHB Research believes the turning point could materialise in 2022, given the anticipation of an economic recovery and a gradual increase in Opec+ oil production.

With the stabilisation of oil prices, the near-term outlook for local offshore fabricators could also improve, but cost management remains the biggest challenge. It said pipeline installations will spike in 2022. There are potentially 10km and 44km flexible pipeline installation requirements in 2022 and 2024 respectively. The total number of man-hours for HUC work is expected to increase by 34% to 6.3 million in 2021 and subsequently moderate to 4.5-5.4 million in 2023 and 2.9-4.1 million in 2024 – depending on the level of project maturity, it said.This implies significant upward adjustments from Petronas’ previous projections. If these projections materialise, it expects higher HUC revenues for the service players such as Dayang Enterprise Holdings Bhd, Petra Energy Bhd and Carimin Petroleum Bhd in 2022.

Reviews

Popular tags