Rafizi: OGSE Players Must Accelerate Pivot towards Energy Transition

Kuala Lumpur, 9 Feb 2023 – Rafizi Ramli, Minister of Economy, has called for an acceleration in efforts to pivot the oil and gas, services & equipment (OGSE) industry towards the energy transition in line with the rising prominence of environmental sustainability. “National and international priorities are moving quite quickly towards low carbon principles to address climate change. This has created wider opportunities for the OGSE industry in other [cleaner] types of energy,” said YB Rafizi while chairing the Third Steering Committee meeting of the National OGSE Industry Blueprint (OGSE Blueprint) 2021-2030 implementation. “We will need to ensure our OGSE players are geared towards the pivot and I suggest that more initiatives are incorporated into the OGSE Blueprint from this year,” he added, noting that the OGSE Blueprint initiatives pave the way for OGSE companies to thrive in the future by elevating their capabilities to provide support services amid the energy transition, including strengthening their sustainability and capacity to move into adjacent industries beyond traditional oil & gas businesses, such as renewable energy. Heriot-Watt Inks MoU with Nicol David Org to Empower B40, M40 Children During the event, there was also a panel discussion on ‘Women in Education and Sports’ featuring prominent figures from the sports industry. Business NewsKazi Mahmood He also commended the significant progress made in the OGSE Blueprint implementation over the past year. A comprehensive plan launched in April 2021 to drive growth, resilience and global competitiveness in the OGSE industry, the blueprint brings together ministries, PETRONAS, government agencies and industry associations to address the challenges and opportunities facing the industry. This resulted in several key achievements in 2022: Of 500 OGSE-related job opportunities showcased during a career fair in June 2022 and the Skills in Oil & Gas Programme to upskill and reskill OGSE talent for…

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