A Strategic Approach to Harmonising Standards
Moving beyond traditional cost-cutting measures towards the harmonisation of procurement standards in the upstream segment is an essential part of sec…
Driving Efficiency in Upstream Procurement
Due to the highly dynamic nature of the oil and gas sector with its continuous challenges related to the volatility of supply and demand, industry st…
Seeking Alternative Forms of Industry Consolidation
In their efforts to withstand the low oil-price environment, oil and gas players may wish to embrace non-traditional approaches of industry consolidat…
Transforming Malaysia into a Regional Deepwater Hub
Despite pressures from the low oil-price environment, the national oil and gas industry is on course to fulfil its goal of becoming a hub for deepwate…
Malaysia is home to approximately 400 oil and gas fields and is the second largest oil producer in Southeast Asia. The country also holds the fourth largest oil reserves in Asia and as recently as 2014 was the world’s second-largest exporter of liquefied natural gas (LNG). This well-established ecosystem represents one of the driving forces behind the development of the Malaysian economy, with oil and gas accounting for approximately 20 per cent of the country’s gross domestic product (GDP).