PETRONAS 2023-2025 industry outlook remains positive

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This, according to its 2023-2025 Activity Outlook report released today.

The national oil and gas company said in a statement that the outlook for subsea facilities, supply of line-pipes, and heavy lift barges"remains steady” given the amount of projects requiring wellhead platforms.

Its vice president of group procurement Freida Amat said that as the energy industry moves towards facilitating a just energy transition, collaboration across industries has become imperative. "PETRONAS is committed to working with our partners as the industry accelerates its efforts to decarbonise operations as part of a wider energy transition.

"This is crucial to avoid missing the window of opportunity to navigate the energy transition successfully,” she said.

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