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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Work will start this month and end in November, Offshore Engineer reported, adding that the client will have an option to extend the contract for up to seven more wells.
The drillship that is involved, West Capella, was built in 2008 and is a sixth generation ultra-deepwater drillship, the report said.
Its previous deal with Petroliam Nasional Bhd (Petronas) is expiring sometime this month, according to Seadrill’s fleet status report for 4Q20.
The West Capella’s deal with Petronas was previously set to end in March 2021 but was consequently extended to May 2021.
Petronas also has a deal with one of the company’s tender rigs, the West Vencedor.
and the Axiata Group.
GKK, a human resources and training consultancy which works closely with the Social Security Organisation (Socso), said the poll revealed that these employers have offered job-seekers places within their organisations to grow their professional careers.
“Although this survey singled out top Malaysian corporations that have grown by leaps and bounds over the years, there are many positive traits and examples that small and medium enterprises (SMEs) can follow and emulate within their own management systems, ” GKK group chief executive officer Gajendran Balasingham said in a statement.
LinkedIn’s methodology covered seven key areas – career progression, advancement and promotions, human resources skills, company stability and affinity, gender diversity and educational background.
KUALA LUMPUR, May 9 State-owned oil and gas giant Petroliam Nasional Bhd (Petronas) has confirmed that some of its staff members have received Covid-19 vaccines under phase one of the National Immunisation Programme (NIP). In a statement, Petronas said these staff members were considered.