The oil and gas sector continues to be vibrant with news of upstream activities locally and abroad, says ECM Libra Investment Research.

The research firm expects the positive development to persist into the second quarter this year with many jobs yet to be rolled out.

"In the near term we expect more announcements on the Sepat and Cendor Phase 2 marginal fields and also some talks on deepwater Kebabangan-Malikai and jobs from the Tapis Redevelopment project," it said in a research note today.

"We continue to be overweight on the sector and favour SapuraCrest and KNM as our top picks."--BERNAMA