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KUALA LUMPUR: Malaysia's oil and gas services and equipment (OGSE) companies have been urged to consider strategic partnerships to be more competitive and get more energy transition opportunities beyond the industry.
Oil and gas services and equipment (OGSE) companies have been urged to consider strategic partnerships to be more competitive and get more energy transition opportunities beyond the industry.
PETALING JAYA: The oil and gas services and equipment (OGSE) industry recorded its highest revenue in over a decade for the financial year 2023 (FY23), according to the latest edition of OGSE100 by the Malaysia Petroleum Resources Corp (MPRC).
KOTA KINABALU: Sabah's oil and gas services and equipment (OGSE) industry has secured RM2bil in contracts from PETRONAS and Petroleum Arrangement Contractors (PACs) between 2021 and 2024.
Research houses point to weaker drilling activity, based on Petroliam Nasional Bhd’s (PETRONAS) latest 2025-2027 activity outlook (PAO) report. However, resilient spending on maintenance is expected to offset this.
PETALING JAYA: The new carbon tax announced in Budget 2025 is a call from the government for the oil and gas services and equipment (OGSE) industry to participate in the energy transition.
KOTA KINABALU: Sabahan-owned companies have achieved significant breakthroughs in the oil and gas services and equipment (OGSE) industry, says state Finance Minister Datuk Seri Masidi Manjun.
KUALA LUMPUR: Malaysia Petroleum Resources Corporation (MPRC) is optimistic the tabling of Budget 2025 will create a supportive environment for the oil and gas services and equipment (OGSE) sector to continue its growth trajectory following its recovery from recent challenging years.
PETALING JAYA: The new carbon tax announced in Budget 2025 is the call by the government to the oil and gas services and equipment (OGSE) industry to be part of the energy transition to a low-carbon economy, says the Malaysia Petroleum Resources Corporation (MPRC).
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has launched the supplier support programme (PSSP) to encourage Malaysia’s oil and gas services and equipment (OGSE) suppliers to embrace sustainability principles.
KUALA LUMPUR: Malaysia Petroleum Resources Corporation (MPRC) will launch its facilitation service for strategic partnerships among oil and gas services and equipment (OGSE) players in the fourth quarter (4Q) of 2024 to further drive the creation of value within the sector.
Malaysian oil and gas service and equipment (OGSE) providers, which have long relied on contracts from Petroliam Nasional Bhd (PETRONAS), are being asked to venture abroad and "compete with the top".
MALAYSIA’S oil and gas industry is undergoing a transformative phase, marked by dynamic shifts in energy transition, digital technology integration, future-focused technology and innovation and the pursuit of lower-carbon alternatives.
PETRONAS and local oil and gas, services and equipment (OGSE) vendor collaboration vital for industry growth
KUALA LUMPUR: The Malaysia Petroleum Resources Corporation (MPRC) will introduce the national oil and gas services and equipment (OGSE) sustainability framework by the end of 2024, which will provide a detailed guide for how OGSE companies can implement and report on their sustainability practices.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has released its 2024-2026 Activity Outlook, outlining forecasted activities which call for greater collaboration with the oil and gas service and equipment (OGSE) providers to ensure energy demand is met while ramping up its clean energy initiatives.
Budget 2024 provides a favourable landscape for Malaysia’s oil and gas services and equipment (OGSE) companies to strengthen the industry’s fundamentals and secure its sustainability, says the Malaysia Petroleum Resources Corp (MPRC).
The oil and gas (O&G) industry will be able to leverage on some of the measures announced during Budget 2024, says Malaysia Petroleum Resources Corp (MPRC) president Mohd Yazid Ja’afar.
PETALING JAYA: Borneo Oil Bhd, via its indirect subsidiary, Borneo Oil (Sabah) Sdn Bhd (BOS) has obtained the license from Petroliam Nasional Bhd (PETRONAS) as a Sabahan vendor.
PETRONAS, in collaboration with the Malaysian Oil, Gas and Energy Services Council (MOGSC) and Malaysia OSV Owners Association (MOSVA), recently hosted the PETRONAS Vendor Financing Programme (VFP) Conversation Day aimed at connecting vendors in the oil and gas service equipment (OGSE) ecosystem with VFP’s partnering financial institutions to explore viable financial solutions.
