Integrated oil and gas services company Sapura Energy Bhd maintained its second position while Yinson Holdings Bhd is ranked 3 rd, up from its 11 th spot in FY2019. In the fourth and fifth place are Bumi Armada Bhd and Dialog Group Bhd, respectively. (See table below) For FY2020, the OGSE sector recorded RM56.2 billion in the year under review, down 13.7 per cent from RM65.1 billion in 2019 and incurred a loss of RM4.01 billion on asset impairments by several asset-heavy OGSE players including Sapura Energy, Velesto Energy Bhd, Bumi Armada Bhd and MISC. (see chart below) "FY2020's performance clearly showed the extent of the effects from the COVID-19 pandemic related movement control orders, and we saw companies taking a hard look at their businesses and right-sizing the cost structure," MPRC President and Chief Executive Officer Mohd Yazid Ja'afar said, adding that impairment charges were necessary amid the industry headwinds for the year in review.