Another company joins PetroVietnam loss-making club

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Báo Tuổi Trẻ English 2 month(s) ago

A peek into the workings of numerous subsidiaries and affiliates under the umbrella of PetroVietnam, the country’s oil and gas giant, is quick to reveal more than a few operations running at a deficit.

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Dung Quat Shipbuilding Co., Ltd on verge of bankruptcy

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Báo Dân Trí English 2 month(s) ago

The Ministry of Industry and Trade (MoIT) has reported that the Dung Quat Shipbuilding Co., Ltd. faces high risk of bankruptcy due to big losses.

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Petroleum firm boss absent without leave

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Báo Dân Trí English 2 month(s) ago

PV Power Corporation, an affiliate of PetroVietnam, on December 8 issued a press release to announce that the firm’s Deputy General Director Le Chung Dung had failed return to work after a period away.

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Yet another Vietnamese trade ministry official disappears overseas

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Báo Tuổi Trẻ English 2 month(s) ago

An ex-vice executive of a subsidiary of state-run oil and gas giant PetroVietnam has ‘gone missing’ after traveling overseas on leave, the latest in a series of mysterious disappearances of officials in the country’s trade ministry.

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Thousand farmers join discussion on climate change

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SaiGon GP English 2 month(s) ago

The Central Highlands Agriculture and Forestry Science Institute (WASI) and Petrovietnam Fertilizer & Chemicals Corporation (PVFCCo) have just co-held a discussion on climate change and sustainable agriculture development in Dak Lak and Gia Lai province.

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Two petrochemistry projects stopped by authorities because of long delays

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Báo Đầu Tư English 2 month(s) ago

Shortly after the $22 billion petrochemistry & oil refinery project in Binh Dinh province was withdrawn by local authorities because of delay, another project in Can Tho has been stopped for the same reason.

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Shares sink as energy loses steam

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Báo Đầu Tư English 2 month(s) ago

Shares edged down yesterday on the two exchanges as energy lost steam despite an oil industry agreement on a production cut.

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Multi-billion dollar power complex steps closer to becoming reality

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Báo Đầu Tư English 2 month(s) ago

The US’ ExxonMobil Corporation is eager to exploit Ca Voi Xanh (Blue Whale) gas field stretching across the central provinces of Quang Nam and Quang Ngai to serve the power and petrochemical industries.

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US energy giant to prospect Vietnam's largest gas field

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Báo Dân Trí English 2 month(s) ago

The Vietnamese government has just allowed US energy giant ExxonMobil to join in with the Vietnam National Oil and Gas Group (Petrovietnam) in Ca Voi Xanh, the largest gas field found so far in the East Sea.

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Energy stocks roar, stock indices advance

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Báo Đầu Tư English 2 month(s) ago

Shares advanced on Thursday morning on both exchanges, driven by strong gains of energy stocks after the Organisation of Petroleum Exporting Countries (OPEC) finally reached a consensus on production cut.

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Ministry may pull the plug on Dung Quat Shipbuilding Industry Co., Ltd

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Báo Đầu Tư English 3 month(s) ago

As reported by newswire vneconomy.vn, bankruptcy is one of the options for Dung Quat Shipbuilding Co., Ltd., Vietnam National Oil and Gas Group (PetroVietnam)’s shipbuilding subsidiary.

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Petro Vietnam takes credit loans for power project

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Báo Đầu Tư English 3 month(s) ago

Vietnam National Oil and Gas Group (PetroVietnam) on November 23 signed a contract with the Export-Import Bank of Korea (Korea Eximbank) for funding the Song Hau 1 thermal power project.

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Gov’t aims for stable power tariff

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Báo Đầu Tư English 3 month(s) ago

The electricity sector in 2017 will strive to prevent the power tariff from stirring controversy, said Hoàng Quốc Vượng, deputy minister of Industry and Trade.

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EVN to resume Quang Trach I in late 2017

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Báo Đầu Tư English 3 month(s) ago

State-run Electricity of Vietnam (EVN) will resume the construction of Quang Trach I thermal power plant at the end of 2017, with a total investment capital of VND33 trillion ($1.47 billion), according to newswire Tuoitre.

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Honeywell’s CPS to help Dung Quat refinery improve efficiency

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Báo Đầu Tư English 3 month(s) ago

Honeywell has announced that Binh Son Refining and Petrochemical, a subsidiary of Vietnam’s state-run oil and gas PetroVietnam will use its new IIoT-based Connected Performance Services (CPS) offering to improve the performance of its manufacturing operations in Binh Son Refining and Petrochemical will use CPS technology which integrates Honeywell UOP’s deep process knowledge to improve refinery and plant performance at its naphtha complex.

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