RSS Feeds for Oil & Gas September 26, 2022 00:57
Vietnam Energy Forum

Strengthening the State Steering Committee for the key petroleum projects

Strengthening the State Steering Committee for the  key petroleum  projects
Prime Minister Pham Minh Chinh has just signed and the Decision No. 1455/QD-TTg, dated September 2, 2021 on strengthening the State Steering Committee for the key petroleum projects.
The Environmental Impact Assessment Report of Bac Lieu LNG PP has been approved

The Environmental Impact Assessment Report of Bac Lieu LNG PP has been approved

The 3,200 MW Bac Lieu LNG Power Project is the largest project with 100% foreign direct investment in the Mekong Delta region. The Environmental Impact Assessment of the project has been approved by the Ministry of Natural Resources and Environment on Sept.01, 2021.
Vietnam - Germany push forward the co-operation in renewable energy field

Vietnam - Germany push forward the co-operation in renewable energy field

Vietnamese Ambassador to Germany, Dr. Nguyen Minh Vu, recently met with Großmann Ingenieur Consult GmbH (GICON®) and the Vietnam Petroleum Institute (VPI) to promote co-operation in the field of renewable energy in Vietnam.
The domestic fields of PVEP were exploited stably with the flows higher than expected

The domestic fields of PVEP were exploited stably with the flows higher than expected

PetroVietnam Exploration Production Corporation (PVEP) informed that in the first 7 months of 2021, the exploitation output of PVEP reached 2.07 million tons of oil equivalence, equal to 104% of the 7 month plan and 62% of the year plan. The production output in 7 months exceeded the plan because of the most of the domestic fields were exploited stably, with the flows higher than expected.
Petrovietnam Chairman of the Board of Directors Hoang Quoc Vuong receives Chairman of Novatek Group

Petrovietnam Chairman of the Board of Directors Hoang Quoc Vuong receives Chairman of Novatek Group

On 3rd August 2021, at the headquarters of Vietnam National Oil and Gas Group (PetroVietnam), Chairman of the Board of Directors Hoang Quoc Vuong had a meeting and worked with Mr. Leonid Mikhelson, Chairman of Novatek Group (Russia).
Vung Tau PV GAS Dock Warehouse: The mark of 20 years of operation and development

Vung Tau PV GAS Dock Warehouse: The mark of 20 years of operation and development

As the largest liquefied petroleum gas (LPG) warehouse in Vietnam, Vung Tau PV GAS Dock Warehouse (VTDW) is an important link in the Bach Ho and Nam Con Son gas chain, supplying 60% LPG output for Vietnam market per year, maintaining domestic LPG trading market share, playing an important role in production and business tasks, and ensuring national energy security of PV GAS. In August 2021, PV GAS will celebrate its 20th anniversary since putting VTDW into commercial operation.
PTSC M&C is second time selected as the EPCI general contractor for the largest oil field in Qatar

PTSC M&C is second time selected as the EPCI general contractor for the largest oil field in Qatar

The Petrovietnam Technical and Services Corporation PTSC Mechanical & Construction (PTSC M&C) Company informed that this company has just received the Letter of handing EPCI General Contractor contract for the third phase of Gallaf project - package 05 (also known as Gallaf Batch 3 EPC 05 project) of North Oil Company (NOC) - a member of the consortium between Qatar National Petroleum Corporation (Qatar Petroleum) and France Total Oil and Gas Corporation. The contract signing ceremony was held in online form on the afternoon of July 29, 2021.
PVN belongs to the group of oil and gas companies with good ROE in the world

PVN belongs to the group of oil and gas companies with good ROE in the world

The Vietnam Oil and Gas Group (PVN) informed that, in the first 6 months of 2021, the pre-tax profit of the group achieved over 3 times higher than the growth rate of oil prices as the average price of crude oil in the first 6 months of the year 66.8 USD/barrel, exceeding the plan price for 48%, while the united pre-tax profit exceeded 165% of the plan. Especially, the PVN return on equity (ROE) in the first 6 months was estimated at 4.6% so PVN belongs to the group of oil and gas companies with good ROE in the world.
Vietnam has received the first refrigerant Liquefied Petroleum Gas shipment from Saudi Arabia

Vietnam has received the first refrigerant Liquefied Petroleum Gas shipment from Saudi Arabia

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

Vietnam's first semi-submersible auxiliary drilling rig went out to sea

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

Restarting and launching PV DRILLING V rig

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

Supplementing a wharf to receive LNG for the first stage of the Ca Na power center, Ninh Thuan Province

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

Signing a credit contract for phase 2 of the adjusted Nam Con Son 2 gas pipeline

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

The Prime Minister Nguyen Xuan Phuc attended PVN Conference for deploying 2021 tasks

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

The energy specialists concern very much about the progress of LNG import infrastructure in Southern Vietnam

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

The welcoming ceremony for the first gas flow from Sao Vang field to Nam Con Son 2 pipeline

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.
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