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.

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: