Tag PetroVietnam
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Vietnam revives billion-dollar gas project after Chevron steps aside

Vietnam’s national oil and gas group PetroVietnam on Sunday resumed activities at its Block B gas project in the country’s southwest, following years of delays due to gas price issues.

Huge gas project expected to contribute more than $19 billion to state budget

State-owned PetroVietnam expects its Block B gas project in the southwest to contribute $19.4 billion to the state budget from 2020-2040, the company said in a statement on April 4.

PetroVietnam appoints top official to save $325-million fiber plant

State-owned PetroVietnam has appointed a senior official from the Dung Quat Oil Refinery to manage a $325-million fiber plant in an effort to save the project from possible bankruptcy.
April 05, 2016 | 07:19 pm GMT+7

Vietnam’s biggest $230 million oil drilling rig ready in August

State-controlled PetroVietnam Marine Shipyard, or PV Shipyard, is ready to hand over Vietsovpetro the Tam Dao 05 jackup, which will be the biggest drilling rig to be ever built in Vietnam, in August this year, PetroVietnam-run Petrotimes said in a report April 8.
April 10, 2016 | 06:09 pm GMT+7

PetroVietnam-Gazprom JV pumps more gas, condensate in East Sea deep-water project in Q1

Vietnam-based Bien Dong Petroleum Operating Company, the joint venture between state-owned PetroVietnam (51 percent stake) and Russian Gazprom (49 percent), produced an estimated 0.43 billion cubic meters of natural gas and 113,230 tons of condensate from their Bien Dong 01 deep-water project off southern Vietnam during January-March.
April 12, 2016 | 08:05 am GMT+7

PetroVietnam and Kuwait Petroleum Corp. eye strategic partnership

State-owned PetroVietnam and Kuwait Petroleum Corp. have agreed their cooperation could be lifted to strategic partnership.
April 16, 2016 | 05:28 pm GMT+7

Vietnam’s first $286 million natural gas import project postponed

The national oil and gas group, better known as PetroVietnam, has told its gas subsidiary, PetroVietnam Gas, to temporarily put on hold work on the country’s first proposed $286 million liquefied natural gas (LNG) import terminal at Thi Vai to review the feasibility of the project.
April 19, 2016 | 08:29 am GMT+7

PM establishes working group to review PetroVietnam operations amid plunging oil prices

Prime Minister Nguyen Xuan Phuc has decided to set up a working group to look at problems faced by national oil and gas group, PetroVietnam, which is struggling to deal with low oil prices.
April 24, 2016 | 08:24 am GMT+7

Vietnam’s second $9 billion refinery on track to open in Q3 2017

State-owned PetroVietnam and its foreign partners have reaffirmed their commitments to complete mechanical works at the $9 billion Nghi Son oil refinery complex in the fourth quarter of this year and will begin commercial operations in Q3 next year.
May 07, 2016 | 02:10 pm GMT+7

PetroVietnam, Petronas extend joint upstream oil and gas project to 2027

PetroVietnam and Petronas, the national oil and gas companies of Vietnam and Malaysia, have agreed to extend their Production Sharing Contract (PSC) for an upstream oil and gas project operated by Canada's Talisman in their overlapping area by 10 years to 2027, they said in a joint statement released on Monday.
May 10, 2016 | 08:17 am GMT+7

Vietnam, Russia ink numerous energy deals

State-owned PetroVietnam and Russia’s oil and gas companies on Monday signed a number of cooperation agreements and memoranda to expand their ties in energy sector.
May 17, 2016 | 08:59 am GMT+7

Coal contract ignites friction between Vietnamese state-owned giants

A rare issue involving state-owned coal company Vinacomin and PetroVietnam over a supply contract has been made public with the former complaining the latter did not fulfill its purchasing commitment in the first four months of the year.
June 02, 2016 | 05:00 pm GMT+7

Vietnam looks for oil and gas resources in the mountains

Having produced oil and gas from the waters off the southern coast for years, energy giant, state-owned PetroVietnam, is now in the search for fossil fuels in the mountainous areas.
June 11, 2016 | 04:49 pm GMT+7

Russian oil giant to supply nearly 100 million tons of oil to Petrovietnam

Russia’s leading energy company, Rosneft, has signed a long term oil supply contract with Petrovietnam Oil Corporation (PV Oil), a subsidiary of state-owned Petrovietnam, at the St Petersburg International Economic Forum on June 16, VietnamPlus reported Friday.
June 18, 2016 | 09:03 pm GMT+7

Vietnam, China to build separate energy projects in Cambodia

PetroVietnam’s PV Oil is considering jointly investing in a condensate processing plant in Cambodia while a Chinese contractor has secured a deal to set up a refinery in the kingdom.
June 22, 2016 | 08:17 am GMT+7
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