Impact Of Petronas's Layoffs On Industry Players

Jamalludin Obeng, President of Malaysia OSV Owners’ Association

09-Jun-25 08:30

Impact Of Petronas's Layoffs On Industry Players

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Petronas announced last week that it will be reducing its global headcount by 10%, amounting to about 5,000 people, as well as implementing a hiring freeze until December 2026. How will these moves affect local oil and gas services and equipment companies? Jamalludin Obeng, President of Malaysia OSV Owners’ Association shares his perspective.

Image Credit: Shutterstock.com

Produced by: Jake Lim

Presented by: Wong Shou Ning, Philip See

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Categories: managing, Corporates, investments, government

Tags: petronas, oil and gas, layoff, malaysia, hiring freeze,

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