The Investigation Police Bureau for Economic Management Order Offences (C46) on June 21 began proceeding procedures against four people accused of abusing position and power to appropriate assets in three petroleum companies under the Vietnam National Oil and Gas Group (PetroVietnam).
The Vietnam-Russia Oil and Gas Joint Venture Vietsovpetro has set targets for 2018 of pumping 4 million tonnes of oil and condensate and 126.5 million cubic metres of natural gas.
By December 14, the Vietnam-Russia oil and gas exploration joint venture Vietsovpetro has earned over US$1.89 billion, exceeding its target of US$1.88 billion set for 2017.
Vietnam could receive a significant boost to its natural gas supplies after signing two agreements during the APEC Summit to buy gas at home and from Indonesia.
The production of Vietsovpetro, the oil and gas joint venture between Vietnam – Russia, reached 50 billion cu.m of gas on October 1 after 30 years of operation.
Vietsovpetro, a joint Vietnamese-Russian oil and gas enterprise on May 7 began operating the Tho Trang 03 oil rig (White Rabbit) at well 37P offshore of the southern province of Ba Ria-Vung Tau, 13 days ahead of schedule.
Russia and Vietnam’s oil and gas exploration joint venture Vietsovpetro has exploited five million tonnes of crude oil in 2016.
The Vietnam-Russia joint venture Vietsovpetro expects to tap 5.04 million tonnes of crude oil as targeted this year, heard the 47th meeting of Vietsovpetro’s Council recently held in the southern province of Ba Ria – Vung Tau.
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.
A new oil reserve was found in Bach Ho-47 (BH-47) well, announced the Vietnam Oil and Gas Group on December 1.
VOV.VN - Deputy Prime Minister Trinh Dinh Dung has reiterated Vietnam's willingness to offer the best possible favorable conditions for the oil and gas companies of Vietnam and Russia to step up bilateral cooperation.
Deputy Prime Minister Trinh Dinh Dung has pledged all possible support to investors working in oil and gas, including Zarubezhneft and other Russian companies.
Topsides weighing more than 5,000 tonnes of gas extraction platform BK Thien Ung has been successfully launched by the Vietnam-Russia joint venture Vietsovpetro.
An inauguration and handover ceremony was held in the southern province of Ba Ria-Vung Tau on August 12 to launch the Tam Dao 05 offshore oil rig, the largest ever locally manufactured jack-up rig.
Vietsovpetro, a Vietnam – Russia joint venture, held a ceremony in the southern province of Ba Ria-Vung Tau on August 12 to mark its 35th founding anniversary and 30 years since its first tonne of crude oil was exploited.
Vietnam and Russia signed an inter-governmental agreement on further geological survey and oil and gas exploitation in Russia within the framework of the Vietnam-Russia oil and gas joint venture Rusvietpetro at a ceremony in Hanoi on April 20.
The Vietnam-Russia Joint Venture Vietsovpetro will exploit an additional 23 oil wells and make upgrade to nine others as part of the efforts to ensure safe exploiting activities and fulfill its set plan.
With global oil prices repeatedly falling, many major oil and gas businesses in Vietnam are taking all possible measures to maintain profitable operations.
Vietsovpetro is cutting 2,000 jobs in the next five years, according to newswire vneconomy.
President Truong Tan Sang has suggested the oil and gas sector build a stabilisation fund to map out business plans and balance incomes for employees given difficulties caused by the declining global oil prices.