The Energy Service Industry in East Asia

Abstract

This chapter seeks to provide an understanding of the service sector within the oil and gas industry in East Asia, with an emphasis on China, and to a lesser extent Singapore and Malaysia. It examines the dominant business environmental factors. These are defined as the petroleum-related economics, technology, regulations or politics, the upstream service companies and their competition, suppliers to the upstream service companies and oil operators (customers). Each environmental factor is dealt with in two dimensions: identifying and presenting the key issues of that factor; and comments on the impacts of these environmental factors. The volatile business environment during 2008–9 and the impact of the world financial crunch that hit its peak in late 2008 will be discussed in Chapter 7.