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Impact Of Petronas's Layoffs On Industry Players

Impact Of Petronas's Layoffs On Industry Players

Morning Brief

June 8, 202510m 48s

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Show Notes

Petronas announced last week that it will be reducing its global headcount by 10%, amounting to about 5,000 people, as well as implementing a hiring freeze until December 2026. How will these moves affect local oil and gas services and equipment companies? Jamalludin Obeng, President of Malaysia OSV Owners’ Association shares his perspective.

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