PetroVietnam mulls closing oil fields as crude plummets

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Báo Thanh Niên English 1 week(s) ago

PetroVietnam mulls closing oil fields as crude plummets

A oil rig of Vietsovpetro at Bach Ho oil field off the coast of Vung Tau. Photo: VNA

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PVN encouraged to expand gas, oil exploration activities

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SaiGon GP English 1 month(s) ago

PVN encouraged to expand gas, oil exploration activities

Deputy Prime Minister Hoang Trung Hai requested the National Oil and Gas Group (PVN) to continue to search for new sites, and produce more oil and gas in 2016.

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Gazprom Neft ends negotiation to buy 49% stake of Dung Quat Refinery

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VietnamNet English 1 month(s) ago

Gazprom Neft ends negotiation to buy 49% stake of Dung Quat Refinery

VietNamNet Bridge - After long negotiations, Gazprom Neft (GPN - Russia) has officially proposed to stop the process of negotiation on the transfer of a 49% stake of the Dung Quat oil refinery with the National Oil and Gas Group (Petrovietnam).

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PVN asked to expand exploration and exploitation in 2016

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VOV News English 1 month(s) ago 2 duplicate news

PVN asked to expand exploration and exploitation in 2016

Deputy Prime Minister Hoang Trung Hai requested the National Oil and Gas Group (PVN) to continues concentrate on search, exploration and exploitation of oil and gas in 2016, saying that this is a key task of the sector in 2016.

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PVN faces crude oil plunge

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SaiGon GP English 1 month(s) ago

PVN faces crude oil plunge

Crude oil price slump to ten year low hovering around US$35 a barrel will greatly affect operation of Vietnam National Oil and Gas Group (PVN) and its member companies in 2016 and following years especially in oil and gas exploration, said PVN deputy director general Le Minh Hong at a meeting on Friday.

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Foreign investors have second thoughts about $22bln oil refinery in Vietnam

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Báo Thanh Niên English 1 month(s) ago

Foreign investors have second thoughts about $22bln oil refinery in Vietnam

Binh Dinh Province's Nhon Hoi Economic Zone, where a US$22-billion refinery is planned. Photo credit: Bao Dau Tu

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Vietnam premier calls for ways to cope with tumbling oil price

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Báo Tuổi Trẻ English 1 month(s) ago 1 related news

Vietnam premier calls for ways to cope with tumbling oil price

Prime Minister Nguyen Tan Dung has asked a government body and state-run Vietnam National Oil And Gas Group to come up with the best solutions to falling oil prices, which will cause a negative effect on the national coffers this year.

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Dung Quat oil refinery not very attractive to investors

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VOV News English 1 month(s) ago

Dung Quat oil refinery not very attractive to investors

The shares of oil and gas companies have seen a price decrease of 49% by November compared with the same period last year, the sharpest so far.

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Vietnam, Timor Leste to boost trade cooperation

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VOV News English 1 month(s) ago

Vietnam, Timor Leste to boost trade cooperation

Vietnam and Timor Leste hold huge potential for cooperation, especially in agriculture, tourism, services, energy, health care and education, according to Deputy Prime Minister Hoang Trung Hai.

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Thailand's PTT suspends $3bln project in Vietnam amid oil slump: report

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Báo Thanh Niên English 2 month(s) ago 1 duplicate news

Thailand's PTT suspends $3bln project in Vietnam amid oil slump: report

A file photo of a security guard keeping watch during the open ceremony of Thai energy firm PTT's sixth Gas Separation Plant near the town of Map Ta Phut in Rayong province, east of Bangkok in 2011 file photo. Photo: Reuters

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E5 bio-fuel sold nationwide

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VOV News English 2 month(s) ago

E5 bio-fuel sold nationwide

The environmentally-friendly E5 petrol is sold across the country from December 1, in accordance with the Prime Minister’s Decision No 53/2012/QD-TTg.

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PVN’s revenue falls amid oil price drop

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Báo Dân Trí English 2 month(s) ago 1 related news

PVN’s revenue falls amid oil price drop

Falling oil prices have affected the National Oil and Gas Group (PVN)’s targets on projected revenue and contribution to the State budget, said Do Chi Thanh, Deputy General Director of the group.

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PVN tops list of 500 largest businesses in Vietnam

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SaiGon GP English 2 month(s) ago

Vietnam Report Company in cooperation with the Ministry of Information and Telecommunications have announced the list of 500 largest companies (VR500) in Vietnam in 2015.

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Ukraine closes airspace to all Russian planes

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VietnamNet English 2 month(s) ago

Ukraine closes airspace to all Russian planes

Ukraine has banned all Russian planes from using its airspace and exports of Russian gas to Ukraine have been halted by state-controlled giant Gazprom.

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Dung Quat Oil Refinery seeks help to resolve inventory excess

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VietnamNet English 3 month(s) ago

Dung Quat Oil Refinery seeks help to resolve inventory excess

VietNamNet Bridge - The inventory at the Dung Quat Oil Refinery has risen to such a level that it may go beyond the refinery’s maximum storage capacity, a source from the national oil and gas group PetroVietnam has said.

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