{
  "id": 9288983,
  "title": "Overseas expansions to increase OGSE revenue over next three years",
  "url": "https://urgent.news/2026/09/23/overseas-expansions-to-increase-ogse-revenue-over-next-three-years",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T06:54:28.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/09/1539206/overseas-expansions-increase-ogse-revenue-over-next-three-years"
  },
  "original_language": "en",
  "account": "Malaysia's oil and gas services and equipment industry is poised for revenue growth over the next two to three years as companies expand into international markets. Economy Minister Akmal Nasrullah Mohd Nasir emphasized the government's push to help OGSE companies diversify their customer base and reduce reliance on domestic demand and Petronas. The government aims for exports to account for 50% of OGSE industry revenue by 2030 under the National OGSE Industry Blueprint 2021-2030. Gas remains a strategic opportunity, even as Malaysia pursues its energy transition. The government is targeting gas as a secure, reliable energy source, with developments like the planned third regasification terminal in Lumut as a catalyst for the industry. However, the government stresses that simply opening overseas markets is not enough for Malaysian OGSE companies to establish sustainable businesses abroad. Smaller OGSE firms, which make up 91.6% of the 2,894 establishments in Malaysia, need greater scale, market access, and international revenue to become stronger regional players.",
  "summary": "KUALA LUMPUR: Malaysia’s oil and gas services and equipment (OGSE) industry is expected to see higher revenue over the next two to three years as companies expand into international markets and tap opportunities in gas amid the energy transition.",
  "key_points": [
    "Malaysian OGSE industry aims for 50% exports by 2030",
    "Gas remains strategic opportunity despite energy transition",
    "Smaller firms need scale and international revenue"
  ],
  "editors_take": "The government's push for OGSE companies to expand internationally shifts the industry's revenue reliance from domestic demand and Petronas to a more diversified and export-driven model.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bernama",
        "title": "Business : OGSE Sector To Increase Output, Revenue In The Next Three Years - Akmal Nasrullah",
        "url": "https://urgent.news/2026/09/23/business-ogse-sector-to-increase-output-revenue-in-the-next-three",
        "published": "2026-09-23T04:03:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}