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CERAWEEK-Petrobras to use technology to lower oil, gas production costs

Petroleo Brasileiro SA will apply technology to sharply lower oil and gas production costs and ensure the Brazilian state-run oil company thrives through the energy sector's coming transition to lower carbon emissions, said CEO Roberto Castello Branco. ....

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Aramco chairman says Saudi government still planning stake sell-down

The chairman of Saudi Aramco said on Tuesday the kingdom's government remains committed to selling down some of its stake in the state oil firm. ....

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Government policies, economics creating market for carbon capture: Exxon CEO

Improving economics and government policies are creating opportunities for carbon capture and storage, Exxon Mobil Chief Executive Darren Woods said at an energy conference on Tuesday. ....

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UPDATE 1-Petronas delays Pengerang restart, sees challenging year

Mei Mei Chu
(Recasts with outlook, adds details and quotes)
KUALA LUMPUR, Feb 26 (Reuters) - Malaysia’s Petronas on Friday delayed the launch of its Pengerang Integrated Complex until the second half of the year from the first, but dismissed rumours partner Saudi Aramco was looking to exit the $27 billion project.
The state oil firm Petronas said it faced another challenging year after booking a 1.1 billion ringgit ($272 million) loss for the final quarter of 2020, its third quarterly loss in a row though higher prices and demand for liquefied natural gas (LNG) helped.
The world’s fourth-biggest LNG exporter had earned a profit of 4.1 billion for the October-December quarter a year earlier. ....

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Malaysia's Petronas falls to fourth-quarter loss

路透新闻部
1 分钟阅读
KUALA LUMPUR, Feb 26 (Reuters) - Malaysian state oil firm Petronas fell to a fourth-quarter loss on Friday hurt by lower oil prices and demand.
Petronas announced in a virtual briefing a 1.1 billion ringgit ($272 million) loss after tax for the October-December quarter versus a profit of 4.1 billion a year earlier.
It was the third straight quarterly loss at the firm, formally known as Petroliam Nasional Berhad.
Revenue fell 31.3% to 44 billion ringgit.
For 2020, it recorded a profit after tax of 10.5 billion ringgit, it said. Excluding impairment charges, its cash flow from operations was 40.7 billion ringgit.
Petronas said 2021 will remain difficult due to the pandemic. ....

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