KUALA LUMPUR: Economy Minister Rafizi Ramli will table the Bill on the Carbon Capture Utilisation and Storage (CCUS) progressive regulatory framework .
KUALA LUMPUR: The Malaysia Petroleum Resources Corporation (MPRC) will introduce the national oil and gas services and equipment (OGSE) sustainability framework by the end of 2024, which will provide a detailed guide for how OGSE companies can implement and report on their sustainability practices.
The mid-term review of the National Oil and Gas Services and Equipment (OGSE) Industry Blueprint 2021 to 2030 next year will encompass sustainability and energy transition for the industry as Malaysia accelerates its low-carbon aspirations to achieve net-zero greenhouse gas emissions as early as 2050.
The oil and gas (O&G) industry will be able to leverage on some of the measures announced during Budget 2024, says Malaysia Petroleum Resources Corp (MPRC) president Mohd Yazid Ja’afar.
Budget 2024 provides a favourable landscape for Malaysia’s oil and gas services and equipment (OGSE) companies to strengthen the industry’s fundamentals and secure its sustainability, says the Malaysia Petroleum Resources Corp (MPRC).