Vietnam has received the first refrigerant Liquefied Petroleum Gas shipment from Saudi Arabia
11:16 | 18/06/2021
Right in the first days of June 2021, at PV GAS Vung Tau Port, Ba Ria - Vung Tau, Gas Products Trading Company (PVGas Trading) - a subsidiary of PV GAS has successfully received the first shipment under the refrigerant LPG purchase contract with Saudi Arabian Oil Company (Saudi Aramco supplier). With this shipment, PVGas Trading has become the first direct customer of Saudi Aramco in Vietnam market.
Vietnam's first semi-submersible auxiliary drilling rig went out to sea
10:15 | 12/05/2021
On the afternoon of May 9, 2021, PetroVietnam Drilling and Well Services Corporation (PV Drilling) officially pulled out to sea the semi-submersible auxiliary drilling rig - PV DRILLING V, preparing for the integration with the drilling rig (DES) in Singapore to serve the drilling campaign of Brunei Shell Petroleum Company Sdn Bhd (BSP) in Brunei, with a term of reliable 6 years and extended 4 years, that expects to be deployed from the third quarter of 2021.
Restarting and launching PV DRILLING V rig
14:55 | 20/04/2021
At PTSC Downstream Port, in Vung Tau City, PetroVietnam Drilling and Well Services Corporation (PV Drilling) carried out a ceremony for restarting and launching PV DRILLING V rig.
Supplementing a wharf to receive LNG for the first stage of the Ca Na power center, Ninh Thuan Province
09:33 | 06/04/2021
The Prime Minister (PM) has agreed with the proposal of the Ministry of Transport to supplement in Ca Na port a LNG receiving wharf with a loading capacity of 97,000 tons for the first stage (1500 MW) of LNG power center, which has added by PM in document No 749/TTg-CN dated 23/4/2020.
Signing a credit contract for phase 2 of the adjusted Nam Con Son 2 gas pipeline
09:06 | 21/01/2021
At the afternoon of January 19, 2021, in Ho Chi Minh City, Vietnam Gas Corporation (PV GAS) and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) held a ceremony for signing a credit contract of 1,500 billion VND to sponsor “Phase 2 of the Adjusted Nam Con Son gas pipeline project”, in which Ky Dong Branch of Vietcombank as the Vietcombank representative clue provides a credit of 1,000 billion VND.
The Prime Minister Nguyen Xuan Phuc attended PVN Conference for deploying 2021 tasks
20:15 | 14/01/2021
On the afternoon of January 11, Prime Minister (PM) Nguyen Xuan Phuc attended Conference of Vietnam National Oil and Gas Group (PVN) for summary of plan tasks in 2020 and deploying the tasks in 2021.
The energy specialists concern very much about the progress of LNG import infrastructure in Southern Vietnam
09:31 | 24/11/2020
The situation of implementing expected LNG combined cycle gas turbines (CCGTs) in the southern Vietnam shows that the development prospective of power plants after 2020 will be concerned very much.
The welcoming ceremony for the first gas flow from Sao Vang field to Nam Con Son 2 pipeline
07:55 | 20/11/2020
On November 16, 2020, at the incoming gas intake in Long Hai town, Long Dien district, Baria-Vung Tau province, Vietnam Gas Corporation (PV GAS) held the welcoming ceremony to accept the first gas inflow from Sao Vang field in the Sao Vang - Dai Nguyet gas project to Nam Con Son 2 pipeline.
The Ministry of Industry and Trade proposes to amend the Petroleum Law
08:27 | 19/10/2020
The Ministry of Industry and Trade (MOIT) has just issued a document to propose amending the Petroleum Law to remove the currently arising inadequacies and problems, and create a more favorable legal corridor for investors, contribute to improving the investment environment in the petroleum sector of Vietnam.
Vietsovpetro has exceeded many plan targets in the first 9 months of the year
08:32 | 14/10/2020
In the first 9 months of 2020, although severely affected by the double crisis of Covid-19 pandemic and falling oil prices, but with the drastic and timely facing measures, the Vietnam – Russia Joint Venture Vietsovpetro has organized good pandemic control, ensured safety of the health for employees and maintained stable production and business activities.
The superstructure of BK-21 Wellhead Rig at Bach Ho field has been successfully launched
11:35 | 04/09/2020
On September 1, 2020, as scheduled, the Construction Enterprise (under Vietsovpetro - the Vietnam - Russia Joint Venture) successfully launched the superstructure of BK-21 Wellhead Rig at Bach Ho (White Tiger) field.
Signing the Gas Purchase Agreement from Su Tu Trang Field (phase 2A)
05:45 | 02/09/2020
Vietnam Oil and Gas Group (PVN) informed that on August 31, 2020, in Hanoi, PVN held a signing ceremony for gas purchase agreement (GPA) from Su Tu Trang (White Lion) field, Lot 15-1 (phase 2A).
The Regulations on administrative punishing in the oil and gas sector in Vietnam
05:45 | 02/09/2020
The Government has just issued Decree No. 99/2020/ ND-CP on the regulations to punish the administrative violations in the petroleum relevant activities (searching, exploring, exploiting and trading petroleum). The Decree stipulates the maximal administrative violation in exploring and exploiting oil and gas as 01 billion VND for an individual and 02 billion VND for an organization.
BIENDONG POC has completed the plan for condensate exploitation in 2020
07:04 | 01/09/2020
The East Sea Petroleum Operating Company (BIENDONG POC) informed that at 9:00 am on August 27, 2020, the company has officially finished 100% of the plan for condensate exploitation in 2020 with an "Early Finish" for 126 days.
BSR has successfully processed Sokol crude oil
08:01 | 12/08/2020
Binh Son Refining and Petrochemical Joint Stock Company (BSR) informed: Dung Quat Oil Refinery has just finished the successful test processing Sokol crude oil - marking an important milestone in diversifying crude oil with stable quality for Dung Quat Oil Refinery.
Ken Bau field - a Historical Discovery of Vietnam's oil and gas industry
08:08 | 11/08/2020
Eni Vietnam B.V Operator has carried out 2 seam space test, collecting extensive data on fluid samples showing significant hydrocarbon accumulation at the Ken Bau discovery, estimated from 7 to 9 trillion cubic feet (TCF) of natural gas on the spot and about from 400 to 500 million of condensate barrels. The above oil and gas estimate reserve from 114- Ken Bau- 2X qualifying well is a historical discovery of the Vietnam Oil and Gas industry so far.