Tag: "petrovietnam"

PetroVietnam joins hands with US’s GE in gas-fired power plants

PetroVietnam joins hands with US’s GE in gas-fired power plants

Oil and gas giant PetroVietnam and the US General Electric International (GE) Group will cooperate in developing two gas-fired power plants, No.1 and 2 in the central province of Quang Nam, using gas from the Ca Voi Xanh (Blue Whale) gas field.

Vietnam prepares for opening of petroleum market

Vietnam prepares for opening of petroleum market

Vietnamese petroleum companies have enough time to build facilities and develop networks to prepare for competition with foreign distributors once Vietnam opens the petroleum market, experts say.

Dinh La Thang disciplined for misdeeds at PetroVietnam

Dinh La Thang disciplined for misdeeds at PetroVietnam

Dinh La Thang, a Politburo member and Secretary of the Ho Chi Minh City Party Committee, has received an official warning and has no longer been part of the Politburo of the Party Central Committee for his past financial wrongdoings as head of the National Oil and Gas Group (PetroVietnam).

HCM City works to extend CNG bus routes

HCM City works to extend CNG bus routes

Ho Chi Minh City plans to increase the number of compressed natural gas (CNG) – powered buses with a view of running 841 CNG buses on 39 routes by the end of this year.

Green bus operators worry about possible gas price spike

Green bus operators worry about possible gas price spike

A plan of Ho Chi Minh City to treble the number of buses running on compressed natural gas (CNG) by the end of 2017 might be in jeopardy as the CNG price has increased this year and is forecast to edge up further in the coming years.

Meeting discusses anti-corruption work

Meeting discusses anti-corruption work

Permanent members of the Central Steering Committee for Anti-Corruption convened a meeting in Hanoi on April 17 under the chair of Party General Secretary Nguyen Phu Trong, who is also head of the committee.

PV Oil to expand share in domestic market

PV Oil to expand share in domestic market

Petrovietnam Oil (PV Oil) Corp. aims to expand its share of the domestic oil and petrol retail market from 22% to at least 35% by 2020 through mergers and acquisitions transactions.

PetroVietnam surpasses business targets in Q1

PetroVietnam surpasses business targets in Q1

The Vietnam National Oil and Gas Group (PetroVietnam) surpassed its business targets by 4-16 percent, especially oil exploitation, in the first three months of the year.

Vietnamese drilling firm sees profits sink to record low in 2016

Vietnamese drilling firm sees profits sink to record low in 2016

PetroVietnam Drilling and Well Services Corporation (PV Drilling) said the significant decrease of crude oil prices caused its revenue to fall sharply last year, leading to record-low after-tax profit of VND120 billion (US$5.26 million), down 14 times against 2015.

New appointments at PetroVietnam and VNPT announced

New appointments at PetroVietnam and VNPT announced

Vietnamese Prime Minister Nguyen Xuan Phuc has signed a decision to remove Nguyen Quoc Khanh as chairman of the board of directors of the Vietnam Oil and Gas Group (PetroVietnam) to enable his transfer to the Ministry of Industry and Trade.

Four officials arrested on embezzlement charges

Four officials arrested on embezzlement charges

The investigative police under the Ministry of Public Security announced on February 16 they had begun criminal proceedings against five people, including four former State officials, for embezzlement in the criminal case at PetroVietnam Construction Corporation (PVC).

Agreement signed on gas exploitation at While Lion field

Agreement signed on gas exploitation at While Lion field

The PetroVietnam Gas Corporation (PV Gas) and the PetroVietnam Exploration Production Corporation (PVEP) inked on February 17 an agreement in principle on cooperation in developing phase II of the Su Tu Trang (White Lion) gas field.

Vietnam giants post record profits

Vietnam giants post record profits

Two giant State-owned corporations, Vietnam National Petroleum Group (Petrolimex) and Vietnam Steel Corporation (VNSTEEL), achieved record profits last year, according to a conference held by the Party Organisation of the Central Enterprises Bloc (CEB).