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Despite Oil Price Rally, Malaysian OGSE In Dire Straits

Sharifah Zaida Nurlisha, President, Malaysia Oil & Gas Services Council

26-Oct-21 08:30

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Despite Oil Price Rally, Malaysian OGSE In Dire Straits

Oil prices have rallied from the bleak pandemic period, but the recovery is not even across the industry, with many in the oil & gas services and equipment sector (OGSE) struggling to stay afloat. At the same time there is a global shift to sustainable energy, which does pose an existential threat to the sector overall in the long-term. Is the Malaysian industry prepared for this eventuality, and will this be reflected in this year’s budget? We ask Sharifah Zaida Nurlisha of the Malaysia Oil & Gas Services Council (MOGSC) on what the OGSE sector needs.

Image: Shutterstock.com

Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Wong Shou Ning, Philip See


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Categories:  Business AnalysisTrends and ForecastsMarketsEnvironmentScienceTechnologyTechPoliticsSocial Issueslaw & legal mattersInvestments

Tags:  Budget 2022Belanjawan 2022Budget-2022-Mahsingoilgasoil and gaspetronasenvironmentpandemicequipmentlockdown


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