Petronas chief executive Tengku Muhammad Taufik Tengku Aziz assumed his new post at a time of change for both the Malaysian state oil company and the industry at large.

“In Petronas’ corridors, we acknowledge this period is indeed a great reset — 2020 is very much turning out to be a lost year for the entire industry," he says.

While the energy transition is hardly the only challenge the company is up against, Tengku Muhammad Taufik says, "in order of priority, we look at it as the challenge".