Three subsidiaries of the State-owned Vietnam Oil and Gas Group (PetroVietnam) signed a business cooperation contract (BCC) on August 3 to carry out a chain of gas, power, and service port projects.
The Vietnam Oil and Gas Group (PetroVietnam) has announced that its exploration of the Ken Bau-2X well, located in the Red River Basin offshore of Vietnam’s northern continental shelf, helped the firm fulfil its plan of increasing oil and gas reserves in 2020 ahead of schedule.
PetroVietnam Technical Services Corporation (PTSC) announced revenue of VND5.47 trillion (US$238 million) in the second quarter of this year, up 13.4% year-on-year.
Vietnamese state-owned companies have invested $6.7 billion overseas, but many of their projects are losing money.
VOV.VN - Last year saw local businesses pour a figure of US$21 billion into more than 1,300 projects in foreign countries, with profits transferred home reaching roughly US$3 billion, according to the Ministry of Planning and Investment.
The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), was among the top 50 Vietnamese firms receiving the 2019 sustainable energy award.
VOV.VN - The 38th National Table Tennis Championships is scheduled to get underway on the evening of July 14 in Ho Chi Minh City, attracting 178 athletes from 19 teams nationwide, the largest of its kind so far.
The Vietnam Oil and Gas Group (PetroVietnam) reported total revenue of VND283.5 trillion (US$12.2 billion) in the first half of this year, contributing VND32 trillion to the State budget.
The PetroVietnam Exploration Production Corporation (PVEP) has reported an oil equivalent output of 2.01 million tonnes in the first half of 2020, 4% higher than its target.
Fitch Solutions have revised up its 2020 real GDP growth forecast for Vietnam slightly to 3%, from 2.8% previously.
The PetroVietnam Power Corporation (PV Power) has approved an investment plan to build Nhon Trach 3 and 4 thermal power plants with combined capacity of between 1,300-1,760 MW.
The PetroVietnam Power Corporation (PV Power), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has completed plans for the construction of four liquefied natural gas (LNG)-fired power plants.
The Vietnam Oil and Gas Group (PetroVietnam) has set a goal of reducing average crude oil exploitation costs in order to sustain business during the 2020-2025 period, even if crude oil price drops to US$30 per barrel.
The Vietnam Oil and Gas Group (PetroVietnam) has reported oil equivalent output of 8.99 million tonnes in the first five months of 2020, 4.4% higher than its target.
A number of listed companies have announced lower earnings in April after closing for half of the month.
Prime Minister Nguyen Xuan Phuc on May 21 chaired a meeting with permanent Government members to discuss measures to tackle difficulties faced by the Vietnam Oil and Gas Group (PetroVietnam) and the national flag carrier Vietnam Airlines.
The Vietnam Oil and Gas Group (Petrovietnam) is striving to achieve the “dual goal” in the context of “dual crisis” from the COVID-19 pandemic and the plunge in oil price.
The Vietnam Oil and Gas Group (PetroVietnam)’s exploited crude oil output in the first four months of 2020 reached 7.2 million tonnes of oil equivalent, exceeding its set target by 7.7%, despite difficulties caused by the COVID-19 pandemic and a sharp decrease in oil prices.
PetroVietnam Power Corporation (PV Power) reported revenue of nearly VND7.8 trillion (US$334.7 million) in the first quarter of this year, more than 23% of the annual goal.
PetroVietnam Gas Corporation JSC (PVGas) earned VND17.5 trillion (US$743.4 million) of total revenue in the first quarter of the year.