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