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Protectionism on the rise in Malaysia's O&G sector

Petronas is to raise local content contribution from O&G projects, in line with Najib's election platform

Published Thu, May 18, 2017 · 09:50 PM

Singapore

LIFE is not getting any easier for Singapore-based oilfield-services providers seeking contracts in oil and gas-rich countries in the region, if the signs emerging from the recent Asia Oil and Gas Conference (AOGC) in Kuala Lumpur are any indication.

On a brighter note, oil-and-gas (O&G) contracting is expected to ramp up regionally; a Malaysian industry veteran pointed to projects being rolled back as oil prices have stabilised in the US$50s.