KUALA LUMPUR (May 31): Petroliam Nasional Bhd s (Petronas) profit after tax more than doubled year-on-year to RM9.3 billion in the first quarter ended March 31, 2021 (1QFY21), from RM4.52 billion thanks to a swing to impairment write-back.
The better overall bottom line was achieved despite quarterly revenue falling 11.8% to RM52.55 billion from RM59.59 billion in 1QFY20.
This is as all segments posted weaker performances, led by gas and new energy segment. The national oil firm attributed the lower revenue to lower sales volume and a stronger ringgit.
In the quarter under review, Petronas booked a write-back of RM183 million, as opposed to RM5.64 billion written off last year on improved crude oil prices.
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Published on: Wednesday, April 28, 2021
By: Bernama
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(From right) Petronas chairman Tan Sri Ahmad Nizam Salleh, Muhammad Taufik, Muhyiddin, Microsoft Malaysia Managing Director K Raman and Azmin, after the MoU signing ceremony between Petronas and Microsoft.
Kuala Lumpur: Petroliam Nasional Bhd (Petronas) and Microsoft Corp have inked a memorandum of understanding (MoU) to empower digital transformation across the public and private sectors.
In a statement Tuesday, Petronas said the collaboration would focus on the key areas of digital foundation, comprising talents’ upskilling and infrastructure readiness for nation-building.
President and group chief executive officer Tengku Muhammad Taufik Tengku Aziz said the partnership with Microsoft underlines the group’s commitment to nurture a sustainable pipeline of a future-ready workforce equipped to support Malaysia’s digital economy.
Malaysia, Brunei formalise unitisation agreement for two offshore fields April 5, 2021, by Bojan Lepic
Malaysia, through its national oil company Petronas, has formalised a unitisation agreement (UA) with the Government of Brunei Darussalam for the Gumusut-Kakap and Geronggong/Jagus East fields.
The Gumusut-Kakap and Geronggong/Jagus East fields straddle the Malaysian-Brunei maritime boundary.
Petronas said that the formalised UA attests the continuing collaboration between Malaysia and Brunei and establishes the platform for the joint development of the fields by Petronas and the National Unitisation Secretariat (NUS) of Brunei to further enhance the value derived from these assets for both countries.
The formalisation took place during the 23rd Malaysia-Brunei Annual Leaders’ Consultation at the capital of Brunei – Bandar Seri Begawan. The UA signing was attended by the Sultan of Brunei
ADNOC And PETRONAS Sign Comprehensive Strategic Framework Agreement
Agreement builds on the strong bilateral ties between the UAE and Malaysia
ADNOC and PETRONAS to explore opportunities for collaboration across the upstream and downstream sectors as well as in trading and technology
Areas of potential partnerships include Hydrogen, CCUS, R&D, Technology including EOR, bunkering, and exploration and hydrocarbon development
The Abu Dhabi National Oil Company (ADNOC) announced today, a strategic framework agreement with Petroliam Nasional Berhad (PETRONAS) to explore opportunities for collaboration across the full oil and gas value chain.
The first-ever agreement between both companies builds on the strong bilateral ties between the United Arab Emirates (UAE) and Malaysia and underscores ADNOC’s expanded approach to strategic partnerships that is enabling it to unlock and maximize value across its entire portfolio as it delivers its 2030 strategy.