KUALA LUMPUR, Feb 26 — Malaysia’s oil and gas services and equipment (OGSE) companies saw their revenue grow seven per cent year-on-year (y-o-y) to RM72.7 billion in the fiscal year ended December 31, 2022 (FY2022), driven by higher contracting rates and asset utilisation amid the award of new contracts.

KUALA LUMPUR, Nov 23 — 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, March 1 — The government is aiming to increase the realisation rate of foreign direct investments (FDIs) of RM200 billion recorded in the last three years, which currently stands at 30 per cent.

KUALA LUMPUR, Feb 9 — The oil and gas, services and equipment (OGSE) industry should accelerate its efforts towards energy transition in line with the rising prominence of environmental sustainability, said Economy Minister Rafizi Ramli.