Malaysia faces a challenge in attracting more IOC interest
Malaysia sweetens upstream deals
The country is taking measures to encourage IOC interest in its latest licensing round
Malaysia’s upstream sector remains relatively busy but is dominated by NOC Petronas. The promise of strong domestic and regional demand for oil and gas has not been enough on its own to continue to attract IOCs. The country “has been relatively successful in comparison to its Southeast Asian peers in attracting international interest,” argues Readul Islam, research analyst at consultancy Rystad Energy. But the challenge will only grow as IOCs operate with trimmed E&P budgets and focus on assets that offer the greatest potential returns combined with low carbon intensity and low initial investment requirements. Lenders are also increasingly keener to back transition projects instead of tr
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
