Reviving the O&G services and equipment sector

Dateline 2021-05-12, The Star:

The oil and gas (O&G) industry is yet to fully recover from the great oil bust of 2014 when the Covid-19 pandemic started in late 2019.

The oil and gas, services and equipment (OGSE) sector has not been spared from the pressure of a low oil price environment that has persisted since 2014.

Apart from the pandemic, value creation was further depressed with the emergence of two other major events last year namely the Opec+ disagreement on supply cuts and the storage shocks amid an oversupply in the oil market.

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