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According to information from Vietnam Oil and Gas Group (PVN), in Hanoi, PVN and Japan Petroleum Cooperation Center (JCCP) held a ceremony for signing a Memorandum of Understanding (MOU) to strengthen cooperation between the two sides on oil and gas processing and new energy development.

On May 2, 2018 in An Khanh industrial zone, U Minh district, Ca Mau province, Vietnam Gas Corporation (PV GAS) held the Inauguration ceremony of Ca Mau gas processing plant. The National Assembly Chairman Ms. Nguyen Thi Kim Ngan attended and spoke at the ceremony.

The Viet Nam Oil and Gas Group (Petro Viet Nam) will build an offshore natural gas processing plant and two 700MW plants in central Quang Nam and neighbouring Quang Ngai provinces.

Gazprom International Corporation (Russian Federation) will build a 250,000 tons per year liquefied gas plant in the Southern Vietnam.  

On February 7 morning, the Prime Minister Nguyen Tan Dung arrived Ca Mau Gas - Power- Fertilizer Industry Zone (Khanh An commune, U Minh Dist., Ca Mau province) for attending the ceremony for starting the construction of Ca Mau Gas Processing Project and welcoming the safe transportation of 10 billion cubic meters of gas from  PM3-CAA to Ca Mau.

A gas processing plant in U Minh district of the southernmost province of Ca Mau, designed with a capacity of 6.2 million cubic metres per day, will finish trial operations and begin commercial production in June 2017.

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.

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 ...

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).

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.

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.

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.

From now to 2025, the Vietnam Oil and Gas Group (PVN) will expect to exploit 6 - 10 new oil and gas projects including RC-8 of Dragon field, BK-22 rig, and BK-4A rig of Bach Ho field and a number of structures in Block 09.1, White Whale (Kinh Ngu Trang) – Southern White Whale field, Lot 05.1a, Gold Camel -A rig and 2 gas projects as Swan – Gull (Thien Nga - Hai Au), Nam Du - U Minh fields. In the period of 2025 - 2030, PVN will strive to put large gas projects into operation such as Block B (quarter 4/2026), White Lion (Su Tu Trang) - Phase 2 B (September 2026), and Blue Whale (2028).

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.