October 11, 2011
Construction of the $7.5 billion 200,800-barrel-per-day Nghi Son oil refinery, Vietnam’s second, will start in the last quarter of this year after a half-year delay, state oil and gas group Petrovietnam said on Tuesday. Vietnam’s natural gas output this year is expected to fall 5.7 percent from 2010 to 8.86 billion cubic meters, the [...]
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August 23, 2011
Thailand’s largest oil and gas explorer, PTT Exploration and Production Pcl, (PTTEP) , said on Tuesday its Vietnam 16-1 project started production on Aug. 22 with an initial flow of about 15,000 barrels per day. The production at Te Giac Trang (TGT) field is expected to reach 40,000 bpd of crude oil and about [...]
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August 4, 2011
PetroVietnam has launched the 2011 licensing round for nine oil and gas blocks offshore Vietnam, the first since 2007 and the most in recent years, while Vietsovpetro will boost investments, as the country works on reversing declining output and exports. Vietnam, a net oil exporter and Southeast Asia’s third-largest producer, has been facing falling [...]
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July 1, 2011
Crude oil and gas production is expected to start next August at a jacket of the Te Giac Trang field offshore Vietnam, which would nearly double the field output to 95,000 barrels per day (bpd), operators said. Te Giac Trang (White Rhino) in block 16-1, operated by Hoang Long Joint Operating Co and where [...]
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February 25, 2011
Libyan nationals protest against Moamer Kadhafi’s regime in front of a building housing the Libyan embassy in Washington, DC. Libya was on edge on Friday as forces loyal to Moamer Kadhafi’s crumbling regime staged a bloody fightback in western towns near Tripoli, as the east declared itself free of his iron-fisted rule. Outraged Western governments [...]
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November 20, 2010
Expert says shipping raw materials would be a waste of national resources Samples of rare earth compounds are displayed in the showroom of a Chinese company. China now ranks first in the world for rare earth mineral reserves while Vietnam has reserves of some one million tons. Vietnam should acquire the technology to process [...]
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February 5, 2010
The Viet Nam National Oil and Gas Group (PetroVietnam) announced it had signed three new contracts at a press conference in Ha Noi yesterday, February 4. The contracts included two oil and gas exploration and extraction deals at Block 105-110 and Block 04-2, and another at Kossor in Uzbekistan.The group reported a total revenue of [...]
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January 29, 2010
Vietnamâs crude oil output plunged 26.2 percent in January from the same month a year ago, the government said on Friday. The country produced an estimated 1.16 million tons, or about 274,000 barrels per day, of crude oil in January.Crude production last month was revised down to 1.05 million tons, a fall of 25 percent [...]
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January 27, 2010
Vietnam has narrowed the prices used to calculate oil product import tariffs by switching to a Platts 30-day average of Singapore WTI crude oil prices, a move traders said would not immediately impact demand. The Platts spread is $45 to $95 a barrel, compared to tariffs in place since last April based on crude oil [...]
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January 25, 2010
Vietnamâs current level of recoverable reserves of crude oil and gas are enough for another three decades of production, a local newspaper said Monday. Vietnam has not been able to explore all its oil resources to come up with precise data on recoverable reserves, the Tien Phong (Vanguard) newspaper said, quoting chairman Dinh La Thang [...]
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