MARINE & HEAVY ENGINEERING BUSINESS BUSINESS SEGMENT REVIEW The offshore Oil & Gas industry has remained robust even though the challenges in the industry prevailed. As the low price environment poses new risks to the industry as a whole, globally, Oil & Gas companies are implementing strict controls on capital spending as they face tightening margins and intensified competition. HIGHLIGHTS OF 2014: • Sail away of Tapis-R Topside, MHB’s first EOR project • Completed Kebabangan Topside • Awarded “Engineering and Construction Project of the Year” by “The Oil & Gas Year” for Malikai TLP • Awarded “2013 Shell CEO’s HSSE & Social Performance Awards” by Sarawak Shell Berhad for F14/F29 Project MISC BERHAD - Annual Report 2014 p 68 PRESIDENT/ CEO’S REPORT
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