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Oil and gas stocks rally as world prices rise

Oil and gas stocks surged on Vietnam’s exchanges after a drone strike on two Saudi facilities pushed global prices up.

ExxonMobil petroleum projects in central Vietnam ongoing as planned

Petroleum projects being executed jointly by PetroVietnam (PVN) and America’s ExxonMobil in central Vietnam are proceeding as scheduled.

Power plants fuelled by oil a financial risk, EVN cautions

National power utility EVN says running oil-fuelled power plants to meet domestic demand will be a huge financial challenge.
July 25, 2019 | 09:55 am GMT+7

PetroVietnam's troubled billion-dollar investment in Venezuela probed

The Ministry of Public Security's Investigation Agency is investigating possible fraud by PetroVietnam in its Venezuelan oil exploration and production project.
March 17, 2019 | 02:14 pm GMT+7

Venezuela shifts oil ventures' accounts to Russian bank

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.
February 10, 2019 | 09:12 am GMT+7

US sanctions send Venezuelans scrambling to fill gas tanks

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.
January 31, 2019 | 07:29 am GMT+7

Vietnam may increase electricity prices next year

The Ministry of Industry and Trade and Vietnam Electricity (EVN) are saying that pressure’s increasing to raise power prices in 2019.
December 02, 2018 | 02:00 pm GMT+7

Dung Quat oil refinery seeks same treatment from government as rival

Authorities in central Quang Ngai Province want more concessions for their Dung Quat oil refinery to match those given to a competitor.
November 07, 2018 | 03:09 pm GMT+7

Vietnam crude oil output to fall 10 pct a year through 2025: PetroVietnam

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.
October 24, 2018 | 05:37 pm GMT+7

Navigating the murky waters of Southeast Asia's offshore market

Asia has seen a well-documented shift towards offshore gas production.
October 05, 2018 | 11:29 am GMT+7

Vietnam, Russia to deepen energy and defense relations

Vietnam and Russia have agreed to further strengthen their cooperation in hydrocarbon exploration, extraction and production, as also defense ties.
September 08, 2018 | 03:04 pm GMT+7

Vietnam’s fuel deficit to persist despite new refinery

The country's refined fuel deficit will still remain though Nghi Son Refinery's imminent start of production is to improve its self-sufficiency.
August 10, 2018 | 03:27 pm GMT+7

A question mark over $9 billion refinery

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.
July 22, 2018 | 08:08 am GMT+7

US asks UN to cut off oil products to North Korea

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.
July 13, 2018 | 08:15 am GMT+7

Higher oil prices boost profits for Vietnam’s PV Gas

The energy giant has reported strong increases in half-year earnings as oil has traded at higher than expected levels.
June 22, 2018 | 07:52 am GMT+7
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