The PetroVietnam Power Corporation (PV Power) has set a target to generate nearly 7.84 billion kWh of electricity, earning a revenue of over VND11.6 trillion (US$489.7 million) in the second half of 2023.
Petrovietnam Gas Joint Stock Corporation (PV GAS) is expected to receive the first imported liquefied natural gas (LNG) shipment from supplier Shell on July 10.
The Vietnam Oil and Gas Group (Petrovietnam) generated over 10 billion kWh of electricity in the first five months of 2023 which equals 42.5% of the yearly target.
Thanks to the implementation of the strategic orientations of the Party and the State, Vietnam’s energy industry with three pillars of oil and gas, coal and electricity has developed strongly, serving socio-economic development as well as people's everyday life, a seminar heard on May 29.
Sixty-five enterprises were honoured for their outstanding digital products and solutions at a ceremony held in the capital city of Hanoi on May 27.
Petrovietnam Gas JSC (PV GAS) has confirmed a purchase with Shell PLC, facilitating the world's leading LNG supplier to transport its first LNG shipment to Vietnam.
Despite oil price declines, the Vietnam Oil and Gas Group (Petrovietnam) posted VND18.2 trillion (US$775.5 million) in consolidated pre-tax profit in the first four months of 2023, surging 77% from its target for the period and equivalent to 52% of this year’s plan.
Dung Quat oil refinery in the central province of Quang Ngai will be expanded to raise its capacity to 171,000 barrels per day, up from 148,000, with a total investment of US$1.26 billion.
Prime Minister Pham Minh Chinh attended the inauguration of Thai Binh 2 thermal power plant, which was held by the Vietnam National Oil and Gas Group (PetroVietnam) in the northern province of Thai Binh on April 27.
The Vietnam Oil and Gas Group (Petrovietnam) has been named among the top 10 innovative enterprises in Vietnam in 2023.