OTC Asia: Rising Oil Prices Prompt Words of Caution and Calls for a Sustainable Comeback

April 26, 2022

Dateline 2022-03-22, JPT:

Today’s high oil prices have not removed the memories of some top upstream executives about how swiftly boom-and-bust cycles can move, nor have they eroded their mission to lower carbon footprints.

Some of Southeast Asia’s top oil and gas executives spoke at OTC Asia on Tuesday about the dual challenge of achieving production growth while meeting the low-carbon demands of the energy transition amid a backdrop of rising energy prices and a world economy that is trying to get back on its feet.

The OTC Asia technical conference kicked off in Kuala Lumpur little more than a week before Malaysia is set to fully open its borders 2 years since the start of the COVID-19 pandemic and during a week when oil prices have bounced back above $110/bbl. Both circumstances served as a reminder that as one source of volatility is fading, another has arrived with the Russian invasion of Ukraine.

…

Leave a Comment » | oil and gas | Tagged: | Permalink
Posted by Wata

Malaysia O&G companies generate RM3.5 billion in potential sales at OTC 2015

June 30, 2015

Guess how much I generated? C’mon, its in the low nougthies.

Dateline 2015-05-20, NST:

Malaysian exhibitors, led by the Malaysia External Trade Development Corporation (MATRADE), secured RM3.54 billion in potential sales during the four-day Offshore Technology Conference (OTC) 2015 amid the recovering phase in the oil and gas industry.

The delegation managed to secure high sales as the major oil & gas companies were looking for new competitive supplies.

MATRADE Director for Oil & Gas and Chemical Section Abu Bakar Koyakutty said the sales were generated mostly from the products’ sector including seamless steel pipe, casing & tubing, premium connections and lightning surge protective device.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Petronas can shine at OTC conference

March 23, 2014

Dateline 2014-02-24, Business Times:

PROJECTS in offshore Malaysia are forecast to see the largest capital expenditure rise in the Asia-Pacific region at more than US$59 billion (RM177 billion) over the next five years, according to an oil and gas industry research.

The Regional Perspective Offshore Asia Oil and Gas Market Report to 2015 is forecasting that deepwater developments in Malaysia will continue to gather pace, with 84 fixed platform units and eight floating production units to be installed between 2011 and 2015.

Given such a scenario, Malaysia, in particular Petroliam Nasional Bhd (Petronas), has made the right decision to host the Offshore Technology Conference (OTC) Asia this year to provide a platform for industry professionals to share their technical knowledge and experiences.

…

 

Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata