January 18, 2012
An artist's impression of the PVN Tower State oil and gas group PetroVietnam said it has withdrawn from a skyscaper project in Hanoi as part of its plan to divest from sectors outside its main business scope. PetroVietnam will no longer invest in the 102-story PVN Tower, slated to become the tallest skyscraper in Vietnam, [...]
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January 17, 2012
The state-owned Vietnam Oil and Gas Group (PetroVietnam) said despite "complications" last year, it was business as usual for it in the East Sea. Phung Dinh Thuc, the chief executive of PetroVietnam, which explores and drills oil in the sea, said at a press conference Monday that thanks to assistance from the ministries of public security, defense, [...]
Tags: China, Chinese, Chinese Ships, East Sea, exploration, In East Sea, In The East, In The East Sea, Last year, Oil Exploration, PetroVietnam, Ships, The East, The East Sea, The sea, Vietnam
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November 19, 2011
Russia’s No.2 crude oil producer LUKOIL said it would partner with Vietnam’s Petrovietnam in exploring oil and gas at home and abroad, the fourth Russian firm to invest in the Southeast Asian nation’s oil and gas industry. The Russian firm signed a memorandum of understanding with Vietnam’s state oil and gas group in Moscow [...]
Tags: blocks, Lukoil, Offshore, Oil And Gas, Oil Gas, PetroVietnam, Russia, Russian, Russian Firm, statement, The russian, The statement, The Statement Said, Tnk Bp, Vietnam
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November 1, 2011
State oil and gas group Petrovietnam has bid for $1.5 billion of ConocoPhillips oil assets in the East Sea, a senior Petrovietnam official said on Monday. The Hanoi-based group plans to do its utmost to acquire the assets, Nguyen Tien Dung, Petrovietnam’s Deputy Chief Executive Officer, told Reuters on Monday. “The investment is in [...]
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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 4, 2011
PetroVietnam has awarded its subsidiary a contract to build a 1,200-megawatt coal-fired thermal power plant in southern Vietnam, which will use coal imported from Indonesia and Australia, a local newspaper said on Wednesday. The unit, PetroVietnam Technical Services Corp (PTSC), would buy and install equipment, build and test-run the Song Hau 1 Thermal Power [...]
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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 21, 2011
State oil and gas group PetroVietnam will establish a venture with a military firm under the defense ministry to produce ammonia that is expected to use natural gas from the East Sea as feedstock. The venture, 60 percent owned by PetroVietnam and 40 percent by the Hanoi-based General Army of Economic and Technology (Gaet), [...]
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July 13, 2011
Petrovietnam Insurance Co, the insurance arm of Vietnam’s state oil and gas group Petrovietnam, said on Wednesday it was in talks to sell a stake to a strategic investor, but did not name the investor. Oman Investment Fund owns 12.6 percent in the Hanoi-based firm, which holds a monopoly on Vietnam’s energy insurance market. [...]
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July 8, 2011
State oil group PetroVietnam and its partners may buy $1.5 billion in Vietnamese oil assets in the East Sea from ConocoPhillips , according to PetroVietnam’s chief executive. PetroVietnam’s plan demonstrates a commitment to help protect Vietnam’s sovereignty in the East Sea, as it calls the disputed area, the company’s chief executive, Phung Dinh Thuc, [...]
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