RSS Feeds for Oil & Gas August 11, 2022 22:26
Vietnam Energy Forum

PVN and TKIS (India) discussed to cooperate in developing the later stages of the oil and gas industry

PVN and TKIS (India) discussed to cooperate in developing the later stages of the oil and gas industry
On the occasion of accompanying National Assembly Chairman Vuong Dinh Hue to pay an official visit to the Republic of India, on the afternoon of December 16, 2021, Mr. Le Manh Hung - General Director of Vietnam Oil and Gas Group (PVN) had a meeting with Mr. Rajesh Kamath - CEO of Thyssenkrupp Group, India branch (Thyssenkrupp Industrial Solutions - TKIS). At the meeting, the two sides discussed opportunities to expand fields in the following stages of the oil and gas industry such as: petrochemical refining technology, fertilizers, fiber, green energy...
PVN and Zarubezhneft deliberated cooperation in developing the West Yereagin field project in Russia

PVN and Zarubezhneft deliberated cooperation in developing the West Yereagin field project in Russia

Within the framework of the recent business trip to the Russian Federation of the Vietnam Oil and Gas Group (PVN), the leaders of Russia Petroleum Company Zarubezhneft and PVN deliberated the cooperation to invest in developing the West Yereagin Oil field project (Russia).
PVN and JX NOEX deliberated plan for deploying Oil and Gas Lot 15-2 after 2025

PVN and JX NOEX deliberated plan for deploying Oil and Gas Lot 15-2 after 2025

The Vietnam Oil and Gas Group (PVN) informed that in the recent official visit to Japan by Prime Minister Pham Minh Chinh, the PVN mission had a working meeting with Japanese partners. PVN mission discussed and exchanged with JX NOEX issues related to oil and gas activities in the Petroleum Product Sharing Contract (PSC) of Lot 15-2 and the plan for deploying this project after 2025 (at the end of PSC).
PVN starts strategy for developing hydrogen and offshore wind power projects

PVN starts strategy for developing hydrogen and offshore wind power projects

On November 18 in Hanoi, Vietnam Oil and Gas Group (PVN) and the Asian Development Bank (ADB) signed a Memorandum of Understanding (MOU) on building a strategic partnership in 2021 – 2024 years to promote clean and sustainable energy development in Vietnam, as well as support PVN to achieve the green energy transition goal. Specifically, the two sides will cooperate in strategy, a roadmap for green energy transition, carbon capture, use and storage; developing hydrogen industry and offshore wind power projects.
Ca Tam field exploited oil production of 01 million tons

Ca Tam field exploited oil production of 01 million tons

At 2:15 on October 13, 2021, Ca Tam (Sturgeon) field after exploitation by nearly 2 years and 9 months has reached the oil production of 01 million tons, oil turnover of 427.5 million US$ and budget payment of 169 million US$.
Gas demand for power generation declines

Gas demand for power generation declines

In the first eight months of 2021, gas demand for power generation declined due to the impact of the Covid-19 pandemic that negatively affected state budget revenues and the economy, as well as implementation of the national energy strategy.
The investment management activities of PVN have very positively evolved

The investment management activities of PVN have very positively evolved

Information from the Vietnam Oil and Gas Group (PVN) said: The investment management activities of PVN in recent times had many positive evolutions. Besides putting oil and gas fields into operation as planned, the progress schedules of the power projects (Song Hau 1 – 2x600 MW, Thai Binh 2 – 2x600 MW) were also accelerated.
Petrovietnam seeks creative ways to overcome pandemic, related obstacles

Petrovietnam seeks creative ways to overcome pandemic, related obstacles

The Ministry of Finance recently reported that although revenues from domestic, import and export activities have fallen short of estimated levels, budget revenue from crude oil in the first eight months recorded positive results. At VND25.7 trillion it equaled 111 percent of the estimate, and up 0.9 percent over the same period last year.
AES and PV Gas sign Joint Venture Agreement for Son My LNG Terminal

AES and PV Gas sign Joint Venture Agreement for Son My LNG Terminal

On 22 September 2021, in New York, representatives of The AES Corporation (NYSE: AES) and Petrovietnam Gas JSC (PV Gas) today exchanged the signed joint venture agreement for the Son My LNG terminal, which will be located in Binh Thuan Province in South-Central Vietnam. The terminal will play an important role in accelerating Vietnam’s energy transition and economic growth.
The Chairman of the National Assembly suggested Exxon and PVN to maintain progress for the Blue Whale gas field

The Chairman of the National Assembly suggested Exxon and PVN to maintain progress for the Blue Whale gas field

On the occasion of working with the European Parliament and the Belgium Kingdom, National Assembly Chairman Vuong Dinh Hue received Mr. Perer Lavoy – The Senior Director of the Asia-Pacific region of Exxon Mobil Group (USA) in Belgium. At the meeting with Mr. Perer Lavoy, the National Assembly Chairman acknowledged the efforts of Exxon in implementing the principle assigning on government guarantee and committing for Blue Whale Gas field and suggested Exxon and Vietnam Oil and Gas Group (PVN) continue close coordinating to maintain the timely progress schedule to take the first gas flow from Blue Whale field by 2024.
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.
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