HÀ NỘI — A decade after the peak, the oil and gas industry is seeing a new investment boom with exploration and production (E&P) activities heating up globally again. The upward trend in upstream oil and gas investment is expected to continue into 2024. In South East Asia, the upstream oil and gas sectors in Malaysia and Indonesia are poised for further investment and expansion. In Malaysia, the national oil company Petronas is ramping up its upstream spending, with a focus on growing E&P activities to boost domestic oil and gas output. Meanwhile, PV Drilling expects stable high oil prices will increase domestic and regional drilling and well activities, boosting demand for rigs and services.
