Despite Oil Price Rally, Malaysian OGSE In Dire Straits

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

26-Oct-21 08:30

Despite Oil Price Rally, Malaysian OGSE In Dire Straits

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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 Analysis, Trends and Forecasts, Markets, Environment, Science, Technology, Tech, Politics, Social Issues, law & legal matters, Investments

Tags: Budget 2022, Belanjawan 2022, Budget-2022-Mahsing, oil, gas, oil and gas, petronas, environment, pandemic, equipment, lockdown,

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