OGSE firms must embrace low-carbon future to stay competitive: Petronas

Kuala Lumpur

THE oil and gas services and equipment (OGSE) companies in Malaysia must embrace the current market uncertainties and move towards a low-carbon future to stay competitive, a Petronas senior executive said on Thursday.

Speaking at an online event on Thursday, Hazli Sham Kassim, the chief of government and regulator advisory of the state-owned energy firm, said the country's oil and gas industry is currently facing one of its toughest periods in history.