Oil And Gas Industry In Malaysia 2020

In march 2018 abang johari announced sarawak was to assume full regulatory authority over the upstream and downstream aspects of the oil and gas industry as part of the devolution of powers from.

Oil and gas industry in malaysia 2020. Players in the oil and gas o g industry have yet to fully recover from the previous oil price rout let alone from the effects of trade war and the coronavirus covid 19 pandemic. The regulation sharply limits sulfur content in bunker fuels used outside designated emissions control areas from 3 5 at present to 0 5 as of jan. Malaysia oil and gas market size share outlook 2020 to 2026 is a premium market research report focusing on factors driving and challenging the industry market trends recent industry developments key players analysis market share size forecast segmentation business profiles of leading companies. Malaysia oil and gas sector report 2019 2020 an emis insights industry report emis is an isi emerging markets group company date.

As the malaysia regulator for the o g industry petronas has introduced many cost cutting measures such as coral 2 0 and it also encourages mergers acquisitions. Global oil and gas companies slashed capital expenditures by about 40 percent and projects that were not profitable were either cancelled or deferred. Background the goal of the imo 2020 maritime fuel regulation is to mitigate the environmental impact of the shipping industry by reducing the sulfur content of marine bunker fuels. 2018 malaysia oil and gas industry outlook report supply de 3200 june 2018 refined petroleum product market in malaysia to 2022 559 february 2018 malaysia oil and gas market outlook to 2023 strategic analy 3250 october 2017.

Published 7 october 2020 6 43 gmt. Malaysia oil gas q4 2020 key view.