Reviving the O&G services and equipment sector

Asia School of Business assistant professor of business and society Dr Renato Lima de Oliveira (file pic) said Malaysia has been able to develop a strong supply base for the O&G industry, with growing inroads into international market compared with Indonesia, Thailand or Vietnam.

KUALA LUMPUR: The oil and gas (O&G) industry is yet to fully recover from the great oil bust of 2014 when the Covid-19 pandemic started in late 2019.

The oil and gas, services and equipment (OGSE) sector has not been spared from the pressure of a low oil price environment that has persisted since 2014.