KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) has reaffirmed the need to strengthen resilience, competitiveness and execution capability across Malaysia's oil and gas services and equipment (OGSE) ecosystem at its OGSE Partners Day.
Senior vice president of Malaysia Petroleum Management, Datuk Bacho Pilong, said the programme aims to demonstrate a future-ready and resilient OGSE ecosystem that is financially sound, technologically capable, talent-ready and governed with integrity.
"The key areas of focus - from sustainability and digital operations to finance and talent development - are interconnected. Transformation does not happen in silos. It happens when technology, talent, capital and governance move forward together," he said in a statement.
Themed "Empowering Resilience", the two-day programme held from April 23 to 24, 2026, brought together more than 800 participants, including vendors, association representatives, production sharing contractors, financial institutions and government agencies.
PETRONAS said the OGSE Partners Day also featured a series of panel sessions focusing on enhancing operational efficiency, strengthening governance and accelerating capability development across the OGSE supply chain.
Panellists included representatives from the Malaysia Petroleum Resources Corporation (MPRC) and the Malaysian Oil, Gas and Energy Services Council (MOGSC), who shared perspectives on market volatility, global competition, sustainability requirements, technological shifts and evolving policy expectations.
"These discussions are aligned with the National OGSE Industry Blueprint 2021-2030, which aims to strengthen the regional competitiveness of Malaysian OGSE companies," it said.
Meanwhile, PETRONAS said it has formalised a memorandum of understanding (MoU) under its Sustainable Vendor Financing Programme with Alliance Bank Malaysia Bhd
, Bank Islam Malaysia Bhd, UOB Malaysia, RHB Bank Bhd and Malaysian Industrial Development Finance Bhd (MIDF).
The programme, launched last year, is designed to improve vendors’ access to sustainable financing by leveraging sustainability disclosures, enabling them to tap into Bank Negara Malaysia’s facilities such as the Low Carbon Transition Facility (LCTF) and High Tech and Green Facility (HTG), as well as MIDF’s Sustainable and Green Biz Financing (SGBF).
PETRONAS added that it will continue to work closely with industry players to drive sustainable and inclusive growth, while strengthening the overall resilience and competitiveness of the sector. - Bernama
