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Jadestone Energy (JSE) - a multinational energy corporation headquartered in Singapore has proposed the Vietnamese Government to expand investment in searching, exploring, exploiting oil and gas in existing fields, as well as in developing the new offshore projects in the exclusive economic zone of continental shelf and on land of Vietnam.

Vietnam Oil and Gas Group (PVN) and Malaysia National Petroleum Corporation (Petronas) have just signed a Memorandum of Cooperation (MoC). The signed memorandum will strengthen the existing cooperation foundation, as well as create new momentum for strategic cooperation between the two sides in traditional oil and gas fields and new fields (renewable energy, applying technology in reducing CO2 emissions).

From September 9 to 12, 2019, the delegation of Binh Son Petrochemical Joint Stock Company (BSR) led by General Director Bui Minh Tien attended the 35th APPEC Conference in Singapore. This is an opportunity for BSR to contact and discuss with partners to expand opportunities for importing crude oil for Dung Quat Oil Refinery.

At the working meeting with the key leaders of Quang Ngai province on Feb 22, President Truong Tan Sang affirmed: Although the crude oil prices in the world continue sharp fall, Vietnam still is determined to upgrade and expand Dung Quat oil refinery Plant in coming time.

The Vietnam National Oil and Gas Group (PVN) produced about 6.45 million tonnes of crude oil in the first quarter of this year, exceeding its three-month plan by 5 percent.

The Vietnam-Russia Joint Venture Vietsovpetro will exploit an additional 23 oil wells and make upgrade to nine others as part of the efforts to ensure safe exploiting activities and fulfill its set plan.

Ministry of Finance is drafting a Decree on protection environmental fees for exploitation of crude oil, natural & coal gases and minerals.

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.

With a view to increasing oil and gas reserve and discovering new fields to meet domesticdemand and export, Petrovietnam has been carrying out effective exploration and production of oil and gas both at home and abroad through PSC, JOC, JOA, BCC contracts, self-investment and self-management in exploration, making important petroleum discoveries, quickly bringing the discovered fields into production phase with the application of state-of-the-art technologies to increase production as well as oil and gas recovery rate, thus protecting the environment and natural resources.

As a part of the program of the official visit to the Russian Federation by Prime Minister Nguyen Xuan Phuc (May 20-23),  on May 22, in Moscow, PetroVietnam Exploration Production Corporation (PVEP) signed two documents including the Agreement to transfer the Lot 09-2/09 (in Cuu Long sedimentary basin of Vietnam continental shelf) and the Memorandum of Understanding (MOU) between PVEP and Zarubezneft Petroleum Company (Russian Federation).

On March 14, 2019, Deputy Prime Minister (DPM) Trinh Dinh Dung received Vice Chairman of Gazprom Group (Russia). The Vice President of Gazprom proposed to the Vietnamese Government that in the coming time, Gazprom wants to develop more new investment projects in Vietnam in the oil and gas field, from exploration, exploitation, transportation to processing and trading  products ...

The long term cooperation and the highly mutual trust between Vietnam and Russia allow the two nations’ oil and gas companies to strengthen cooperative ties, the Russian News Agency Ria Novosti quoted Foreign Ministry Spokeperson Maria Zakharova as saying on March 11.

A delegation from the Vietnam National Oil and Gas Group (PetroVietnam) headed by Chairman of its Member Council Nguyen Quoc Khanh accompanied State President Tran Dai Quang on his visit to Cambodia in mid-June. They joined many activities aiming to increase oil and gas cooperation between the two countries.

Receiving the invitation of Ministry of Industry, Mine and Energy; and Petrolium Central Board of Cambodia, mission team of a Mission of Vietnam Petrolium Corperation(PVN) headed by Deputy Director General Nguyen Quoc Thap and the directors of Petrovietnam Exploration and Production Corporation (PVEP) and PVEP Overseas had a working visit  to  Cambodia during the first two day of April, 2014.

By the 24th hour on December 31st, 2013, the production output of Vietnam National Oil and Gas Group (PetroVietnam) had reached 16.71 million tonnes of oil and 9.75 billion m3 of gas.