State oil firms’ new global O&G challenges


Dateline 2018-07-09, The Malaysian Reserve:

For over a decade from the early 1990s, Petroliam Nasional Bhd (Petronas) was the champion of national oil companies (NOCs) challenging the established order in the global petroleum industry.

Then, it was relatively unheard of for state oil firms to venture outside their national borders to prospect for oil and gas (O&G), strictly the domain of international oil companies (IOCs).

Established players like Exxon Mobil Corp, Royal Dutch Shell plc and BP plc became the giants that they are today by making the highly risky business of finding and extracting O&G resources from the ground their specialty.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: