VOV.VN - The Vietnam National Oil and Gas Group (PVN) produced about 6.45 million tonnes of crude oil in the first quarter of this year, exceeding its three-month plan by 5 percent.
The Hanoi People’s Court on March 8 sent the Ocean Bank case back to the nation’s main prosecuting agency, the People’s Supreme Procuracy, for further investigation and reframing of charges.
Deputy Prime Minister Trinh Dinh Dung has asked the Vietnam Oil and Gas Group (PVN) to mobilise all resources and solutions for the completion of all targets set for 2017, especially those in oil and gas production.
The Vietnam-Russia Oil and Gas Joint Venture Enterprise (Vietsovpetro) has welcomed the first flow of oil and condensate from TU-6 well of BK-TNG platform in the Thien Ung field.
The Vietnam National Oil and Gas Group (PVN) has put into operation the analysis laboratory centre and the office of the Vietnam Petroleum Institute (VPI) in the Saigon Hi-tech Park in Ho Chi Minh city.
Vietnam’s much-touted E5 bio-fuel projects have virtually ground to a halt as Vietnam National Oil and Gas Group’s (PVN) three E5 factories have remain shut while domestic consumers have turned their back on the fuel.
The Government has allowed Binh Son Refining and Petrochemical Co Ltd (BSR) to make its own price mechanism after the company has repeatedly called for support to improve the competitiveness of its products.
VOV.VN - The Vietnam Oil and Gas Group, whose international transaction name is Petrovietnam, or PVN for short, announced on August 22 that it has signed an agreement with Total E&P Myanmar Ltd to supply oil rigs.
The Vietnam National Oil and Gas Group (PVN) earned US$11.3 billion in revenue and paid VND50.7 trillion to the State budget in the first seven months of this year.
The local mining industry saw a decline in production growth in the first seven months of this year, which is likely to extend to the end of the year, said the General Statistics Office (GSO).
The PetroVietnam Drilling and Well Services Corporation (PV Drilling) plans to expand its coverage in rig and drilling related services provision, to Myanmar, Malaysia and the Middle East, according to General Director Pham Tien Dung.
There would be more auctions of shares from oil and gas companies in the second half of 2016 under the directives of the Government on equitisation of State-owned enterprises.
The Vietnam National Oil and Gas Group (PVN) should promote further restructuring of its enterprise and products to increase competition and efficiency in operations, Deputy Prime Minister Trinh Dinh Dung said.
The Vietnam Energy Association (VEA) will focus on evaluating the potential of different energy sources in Vietnam and developing a strategy for investment in new and renewable energy between now and 2021.
The Vietnam National Oil and Gas Group (PVN) has signed two Memoranda of Understanding on cooperation with the US’s Honeywell and Murphy oil and gas companies.
The upcoming operation of Idemitsu Q8 Petroleum LLC in Vietnam’s petroleum market is expected to increase the competitiveness of the local oil and gas product market and bring more benefits to local consumers, experts said.
Though Dung Quat oil refinery can meet only one-third of domestic demand, the Vietnam National Oil and Gas Group (PVN) has predicted that oil and gas supply could exceed demand in 2018.
With global oil prices repeatedly falling, many major oil and gas businesses in Vietnam are taking all possible measures to maintain profitable operations.
Many Vietnamese businesses have recently had considerable success in investing in foreign countries after years of attempts.
President Truong Tan Sang hoped that the Vietnam Oil and Gas Group (PetroVietnam) will grow vigorously despite global economic downturns while meeting with PVN staff in Hanoi on February 4, on the occasion of the upcoming traditional Lunar New Year (Tet).