Tag: "petrovietnam"

PV Power raises share-for-sale IPO ratio to 20%

PV Power raises share-for-sale IPO ratio to 20%

The PetroVietnam Power Corporation (PV Power), the country’s second-biggest power provider, will offer 20% of its total shares for sale at an initial public offering (IPO) in December.

Former PVC chairman Thanh gives himself up to police

Former PVC chairman Thanh gives himself up to police

Trinh Xuan Thanh, former Chairman of the PetroVietnam Construction Corporation (PVC), gave himself up to the Investigation Security Agency under the Ministry of Public Security after nearly one year of evading international arrest warrant, the ministry reported on July 31.

Major energy firms woo investors

Major energy firms woo investors

Representatives of the PetroVietnam Securities Incorporated (PSI) and the Vinacomin Power Holding Corporation told an investors’ conference on July 26 that they were encouraged by investors’ interest shown in purchasing Vinacomin shares.

PetroVietnam targets 13.28 million tonnes of crude oil in 2017

PetroVietnam targets 13.28 million tonnes of crude oil in 2017

The Vietnam National Oil and Gas Group (PetroVietnam or PVN) is striving to fulfil the target of exploiting 13.28 million tonnes of crude oil and 10.61 billion cu. m of gas in 2017, PVN Deputy Director Do Chi Thanh said at a conference in Hanoi on July 13.

PetroVietnam cracking down on losses

PetroVietnam cracking down on losses

The Vietnam National Oil and Gas Group (PetroVietnam) has decided to form teams to handle its loss-making projects since the snail-pace progress of the process has displeased the Government.

Ho Tram Strip inks US$63 million natural gas deal

Ho Tram Strip inks US$63 million natural gas deal

Ho Tram Project Company (HTP) and PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PVGasD) has inked a memorandum of understanding that will see the Ho Tram Strip move to cleaner, greener and more efficient power within the next 15 months.

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).