MPRC positive Malaysia to become OGSE hub

December 10, 2017

Dateline 2017-10-27, NST:

Despite tabling a fiscally prudent budget, the Government continues to prioritise and invest in critical capacity building initiatives for various industries.

With global oil and gas development activities expected to increase, following a couple of years of reduction spending, the export push set forth by the Government augurs well for the oil and gas services and equipment (OGSE) companies intending to capitalise on the pick-up in investment cycle.

With this, the Malaysia Petroleum Resources Corporation (MPRC) further said combined with a continuous push to attract OGSE multinational companies to establish Malaysia as their gateway to the region, the country is well on its way to becoming the number one hub in Asia Pacific for OGSE.

OGSE has a key role to play in the push towards becoming a high-income status nation.

 


Malaysia on target to become regional oil and gas hub: MPRC

November 4, 2017

Can I be the asylum keeper?

Dateline 2017-09-11, NST:

Malaysia is set to become the oil and gas hub by year 2020 and is well on target towards becoming a regional hub within three years.

Malaysian Petroleum Resources Corporation (MPRC) said the country, deemed as one of the fastest growing economies in the Asia Pacific region and home to market-oriented economy and pro-business government policies, is also aims to ensure its local players to become regional players in the sector.

MPRC chief executive officer Datuk Shahrol Halmi said it is important to have Malaysia’s reputation at play to become a hub, and not just beating the drum claiming to be one.

“We also have strategies to ensure that we get there, and working hard to make sure it happens.

“It is crucial to attract the multinational companies (MNCs) to come to Malaysia and ensure that they make Malaysia as a regional base for the region.

“A hub is not just a hub. It brings other benefits to the Malaysian economy such as technology transfers, job opportunities and high-paying jobs as well,” Shahrol said in an exclusive interview with NST Business recently.


Malaysia on target to become regional oil and gas hub: MPRC

October 22, 2017

Dateline 2017-09-11, NST:

Malaysia is set to become the oil and gas hub by year 2020 and is well on target towards becoming a regional hub within three years.

Malaysian Petroleum Resources Corporation (MPRC) said the country, deemed as one of the fastest growing economies in the Asia Pacific region and home to market-oriented economy and pro-business government policies, is also aims to ensure its local players to become regional players in the sector.

MPRC chief executive officer Datuk Shahrol Halmi said it is important to have Malaysia’s reputation at play to become a hub, and not just beating the drum claiming to be one.

“We also have strategies to ensure that we get there, and working hard to make sure it happens.

“It is crucial to attract the multinational companies (MNCs) to come to Malaysia and ensure that they make Malaysia as a regional base for the region.

“A hub is not just a hub. It brings other benefits to the Malaysian economy such as technology transfers, job opportunities and high-paying jobs as well,” Shahrol said in an exclusive interview with NST Business recently.

 


OGSE investments cross MPRC’S RM650m target

August 6, 2017

Dateline 2017-06-24, NST:

Malaysia Petroleum Resources Corporation (MPRC) has surpassed its target of RM650 million and brought in RM683.7 million worth of oil and gas services and equipment (OGSE) investments last year.

The governing body said it remained on track in its efforts to strengthen the OGSE industry in order to develop greater resilience and global competitiveness.

Last year, MPRC facilitated the establishment of regional headquarters for three OGSE multinational companies (MNCs) in Malaysia and assisted nine OGSE companies to bid for oil and gas (O&G) projects in six countries.

MPRC’s Corporate Report 2016, which was published on June 1, also highlighted the efforts to spur innovation and technology development across Malaysia’s OGSE supply chain.


Right time for oil and gas players to consolidate: MPRC

May 9, 2017

Ws that the best picture they could get of Syed Azlan?

Dateline 2017-04-27, NST:

WITH crude oil prices at a relatively plateau level, the time is right for oil and gas players to collaborate or consolidate, said Malaysia Petroleum Resources Corp (MPRC) senior vice-president Syed Azlan Syed Ibrahim.

“Although we foresee 2017 will not be far off than 2016, I do not think it will be worse. This is the opportunity for players to make the hard decision to restructure or reform. That time is now.

“They need to do it now so that when the market goes back up they will be ready,” he said after the MPRC business seminar, here, on Friday.

 


MPRC study shows Malaysian O&G companies more resilient than regional peers

April 19, 2017

Kipidap, as Rani Kulup would say.

Dateline 2017-03-06, The Edge:

The abrupt steep fall in global oil prices that has forced industry players to adjust to the “new normal” — low crude prices coupled with high cost pressures, Malaysian oil and gas services and equipment (OGSE) companies in fact fared better than regional and international players.

Speaking at the exclusive briefing organised by Malaysia Petroleum Resources Corp (MPRC), Malaysian Offshore Vessels Owners’ Association president Amir Hamzah Azizan said that the analysis showed the national oil and gas (O&G) industry is still resilient and stands a greater chance compared with other markets to rise from the current industry downturn.

“Let’s see this as an opportunity for our industry and country to rise from this downtrend. The landscape is changing globally but there is still great value in the industry,” Amir said.

 


Pengerang has potential as largest oil and gas hub in Asia

April 6, 2017

Yeah, Yazid!

Dateline 2017-02-24, Malay Mail:

The subdistrict of Pengerang in Johor thrives as a downstream oil and gas industry hub, with investment worth billions of ringgit as a result of brilliant strategies introduced by Johor Petroleum Development Corporation Berhad (JPDC).

JPDC, a subsidiary of Malaysia Petroleum Resources Corporation (MPRC), has a big hand in the development of the Pengerang Integrated Petroleum Complex (PIPC).

The complex situated in Pengerang, which sprawls over 8,093 hectares of land, is an integrated hub with an investment potential of RM221 billion (US$52 billion). Its facilities include liquefied natural gas (LNG) and petrol storage tanks, petrochemical plant, regasification plant, refinery, power plant and facilities to decompose naphthalene.

“JPDC is optimistic that it will attract more investment to PIPC,” said its chief executive Mohd Yazid Jaafar.