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Vietnam Energy Forum

Promulgating a Decree for the detailed regulations on a number of articles of the Petroleum Law

Promulgating a Decree for the detailed regulations on a number of articles of the Petroleum Law
On July 01, 2023, the Government promulgated Decree 45/2023/ND-CP for the detailed regulations on a number of articles of the Petroleum Law, including regulations on safety in the design, manufacture, construction and operation of petroleum projects.
The first gas flow came into the LNG Thi Vai project chain

The first gas flow came into the LNG Thi Vai project chain

As part of the test plan of the Thi Vai LNG project chain, on June 27, 2023, Vietnam Gas Corporation - PV GAS successfully carried out the first gas flow into the Thi Vai - Phu My gas pipeline (at Hoi Bai Vale station, Phu My town, Ba Ria - Vung Tau province).
The investors of two Gas Power projects in Block B - O Mon chain will be transferred  from EVN to PVN

The investors of two Gas Power projects in Block B - O Mon chain will be transferred from EVN to PVN

After highly agreeing to propose the Prime Minister agreed to transfer the investor of O Mon 3 and O Mon 4 gas-fired thermal power projects from the Electricity of Vietnam (EVN) to the Vietnam Oil and Gas Group (PVN). Deputy Prime Minister Tran Hong Ha proposed the two sides urgently transfer all the implementation results, as well as the obligations and responsibilities of the investor related to these two projects.
PV Gas buys commissining LNG Cargo for Vietnam’s first LNG import terminal

PV Gas buys commissining LNG Cargo for Vietnam’s first LNG import terminal

On May 22, 2023, Vietnam Gas Corporation (PV GAS) signed a Confirmation Notice with supplier Shell, whereby Shell will deliver the first LNG cargo to Vietnam.
SK Earthon and PVEP discussed the cooperation in bidding for open oil and gas blocks in Vietnam

SK Earthon and PVEP discussed the cooperation in bidding for open oil and gas blocks in Vietnam

PetroVietnam Exploration Production Corporation (PVEP) informed that recently, in Ha Long city, Quang Ninh province, took place the 2023 annual summit between SK Earthon (Korea) and PVEP.
PVN is maintaining the production output at high level

PVN is maintaining the production output at high level

The Vietnam Oil and Gas Group (PVN) informed that, In the first quarter of 2023, although the economic situation of Vietnam faced many difficulties, PVN continuously held fast to the stable production, business rate and maintained the production output at high level.
Identifying challenges at the East Sea Petroleum Operation Company in 2023

Identifying challenges at the East Sea Petroleum Operation Company in 2023

According to the forecast of analyzing the factors affecting production and business activities in 2023 of the Vietnam Petroleum Group (PVN) Branch - the East Sea Petroleum Operation Company (BIENDONG POC) the operation area in petroleum researching, exploring, and exploiting (E&P) in recent years were narrowed and not improved yet in 2023 due to the complex of the East Sea situation. The increase of the petroleum reserves in the immediate and long-term faces many difficulties.
The Conclusion of the MoIT on deploying the Block B – O Mon gas-electricity project chain

The Conclusion of the MoIT on deploying the Block B – O Mon gas-electricity project chain

The Ministry of Industry and Trade (MOIT) issued Document No 284/TB-BCT, dated November 28, 2022 about the conclusion of Deputy Minister Dang Hoang An on deploying the Block B – O Mon gas-electricity project chain.
PVEP and VSP signed the EPCI contract for Phase 3, Lot 05 1a, Dai Hung Field Development Project

PVEP and VSP signed the EPCI contract for Phase 3, Lot 05 1a, Dai Hung Field Development Project

The Vietnam Oil and Gas Group (PVN) informed that On November 23, 2022, in Vung Tau city, the Domestic Petroleum Exploration and Production Company (PVEP POC) under the Petroleum Exploration Production Corporation (PVEP) and Vietnam - Russia Joint Venture (Vietsovpetro - VSP) signed an EPCI contract (Engineering, Procurement, Construction and Installation) for Phase 3, Lot 05 1a of the Dai Hung field development project. (The Enterprise of Oil and Gas Construction, Survey and Repair Exploitation is assigned by Vertical Seismic Profile (VSP) to implement this project).
PVN finished the 2022 plan on the crude oil exploitation 2 months and 9 days ahead of schedule

PVN finished the 2022 plan on the crude oil exploitation 2 months and 9 days ahead of schedule

Vietnam Oil and Gas Group (PVN) informed that PVN finished the 2022 plan for crude oil exploitation with 8.74 million tons on October 22, 2022, 2 months and 9 days ahead of schedule. In a general total of 10 months, PVN exploited 9.03 million tons, exceeding 3% of the 2022 year plan and equaling 99.4 % of the amount in the same period in 2021.
Starting construction of liquefied natural gas (LNG) supply station in Long An

Starting construction of liquefied natural gas (LNG) supply station in Long An

At Thuan Dao Industrial Park, Long An Province, Vietnam CNG Joint Stock Company held a Ceremony for starting the construction of a liquefied natural gas (LNG) supply station.
PVN General Director worked at Rusvietpetro Field (Russian Federation)

PVN General Director worked at Rusvietpetro Field (Russian Federation)

In a mission to the Russian Federation (from September 19 to 23), Mr. Le Manh Hung - General Director of the Vietnam Oil and Gas Group (PVN) and the delegates had a visit and working meeting at the oil and gas fields blocks under the Rusvietpetro Joint Venture a joint venture between PVN and Zerubrezhneft, in the Russian Federation.
Prime Minister Pham Minh Chinh worked with Vietnam Oil and Gas Group

Prime Minister Pham Minh Chinh worked with Vietnam Oil and Gas Group

On September 11, in Hanoi, Prime Minister Pham Minh Chinh worked with the Vietnam Oil and Gas Group (PVN) to assess the world energy situation, forecast the upcoming situation and determine the roles and tasks solutions to speed up the implementation of a number of key projects, handle difficulties, problems and recommendations of PVN.
The investors from Thai Lan proposed to develop a petrochemical center in Thua Thien Hue province

The investors from Thai Lan proposed to develop a petrochemical center in Thua Thien Hue province

Information from Thua Thien Hue Provincial People's Committee (PPC) said that the leaders of Sermsang Group, AGR Group and ETS Holding Co., Ltd (Thailand) had a meeting with Mr. Le Truong Luu, Secretary of Thua Thien Hue Provincial Party Committee and other leaders with a proposal to invest in a petrochemical center in Thua Thien Hue province.
Assessing the status of implementing 'value chains' in the Vietnam Oil and Gas industry

Assessing the status of implementing 'value chains' in the Vietnam Oil and Gas industry

The Vietnam Oil and Gas Group (PVN) informed that Mr. Le Manh Hung - General Director has just chaired a meeting about the status of implementing ‘value chains’ in Vietnam Oil and Gas industry. At this meeting, PVN and its member units assessed the status of implementing recent ‘value chains’ and discussed and unified forward achieving goals.
Successful launching the superstructure block of CTC-2 rig at Ca Tam field

Successful launching the superstructure block of CTC-2 rig at Ca Tam field

At the construction site of Vietsovpetro Port, the Vietnam - Russia Joint Venture Vietsovpetro (NDH) has launched the superstructure block of Ca Tam 2 (CTC-2) rig for installation at the Ca Tam field in Lot 09-3/12, in about 160 km southeast of Vung Tau City.
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