New partnerships as oil, gas majors forge ahead


Dateline 2019-06-21, NST:

Oil and gas majors are transitioning into new energy portfolios and partnerships as pressure mounts for business growth and environmental sustainability.

In an interview with The New Straits Times, Petroliam Nasional Bhd (Petronas) vice president of refining and trading Mohd Yusri Mohamed Yusof said that the global energy landscape is going through structural changes – and trends are emerging with new business and partnership models, as risks, and returns are being weighed out.

“It is a transition – from what was categorically upstream, and downstream businesses monetising hydrocarbons, to now, the inclusion of other energy supply sources in the mix,” said Yusri who is also the chairman of the Asia Oil and Gas Conference (AOGC) 2019 organising committee.

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