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

Download the BFM mobile app. Stay at home and stay up-to-date.

Tags:  Budget 2022,  Belanjawan 2022,  Budget-2022-Mahsing,  oil,  gas,  oil and gas,  petronas,  environment,  pandemic,  equipment,  lockdown,  Commodities, Agribusiness,  Energy, Environment,  Government/Regulatory/Policy Making,  Industrial Goods/Services,  Economy, Markets,  Environment/Sustainability,  Technology news, reviews,  Politics, News, Current Affairs,  Business Analysis,  Trends and Forecasts,  Markets,  Environment,  Science,  Technology,  Tech,  Politics,  Social Issues,  law & legal matters,  Investments