Oil and gas stocks rally as world prices rise

National power utility EVN says running oil-fuelled power plants to meet domestic demand will be a huge financial challenge.

The Ministry of Public Security's Investigation Agency is investigating possible fraud by PetroVietnam in its Venezuelan oil exploration and production project.

Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account opened at Russia’s Gazprombank AO.

As U.S. sanctions slapped on Venezuelan state oil company PDVSA earlier this week, residents of the South American country had a familiar response: Get in line.

The Ministry of Industry and Trade and Vietnam Electricity (EVN) are saying that pressure’s increasing to raise power prices in 2019.

Authorities in central Quang Ngai Province want more concessions for their Dung Quat oil refinery to match those given to a competitor.

Vietnam’s crude oil output is expected to fall by 10 percent a year through to 2025 due to declining reserves at existing fields, PetroVietnam said on Wednesday.

Asia has seen a well-documented shift towards offshore gas production.

Vietnam and Russia have agreed to further strengthen their cooperation in hydrocarbon exploration, extraction and production, as also defense ties.

The country's refined fuel deficit will still remain though Nghi Son Refinery's imminent start of production is to improve its self-sufficiency.

PetroVietnam, a principal investor in Vietnam’s largest oil refinery, said that it is finding it “almost impossible” to comply with new investment capital regulations.

The U.S. asked the U.N. Security Council on Thursday to order an immediate halt to all deliveries of refined oil products to North Korea.

The energy giant has reported strong increases in half-year earnings as oil has traded at higher than expected levels.