Keyword: "oil"

Indonesia’s entry to BRICS had opened up the possibility of Jakarta importing Russian oil, whose prices have been pushed below the global benchmarks by the sanctions.

Indonesia aims to tender all 60 oil and gas working areas by 2027 to increase oil lifting and support energy security, said its Energy and Mineral Resources Minister Bahlil Lahadalia.

Prime Minister Pham Minh Chinh on October 31 called on Qatar to support Vietnam in the energy sector and maintain regular supply of crude oil and gas, especially liquefied natural gas (LNG) to ensure electricity supply.

Vietnamese Prime Minister Pham Minh Chinh hosted a reception in Riyadh, the capital city of Saudi Arabia, on October 29 afternoon (local time) for Amin Al-Nasser, President and CEO of Saudi Aramco, one of the world’s largest companies in both scale and revenue, with turnover reaching nearly 500 billion USD in 2023 and a total asset exceeding 660 billion USD.

Prime Minister Pham Minh Chinh received General Director Kudryashov Sergei Ivanovich of Russian oil and gas company Zarubezhneft in Kazan on October 23 (local time) as part of his working trip to Russia to attend the expanded BRICS Summit.

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.

Retail prices of petrol products were adjusted down from 3pm on September 12 by the Ministry of Industry and Trade and the Ministry of Finance.

The Petroleum Authority of Thailand (PTT) aims to focus more on electric vehicle (EV) charging services in line with Thailand's expanding EV market, but will consider adjusting its other EV-related businesses, including its electric car assembly operations.

Indonesian President Joko Widodo on July 31 held a meeting with several ministers in Jakarta to discuss the acceleration of oil and gas production in the country.

Philippine authorities are racing against time to contain an oil spill following the capsizing of a tanker carrying 1.4 million litres of industrial fuel oil off the coast of Manila Bay on the morning of July 25.

A Philippine-flagged tanker carrying 1.4 million litres of industrial fuel oil capsized and sank in waters off Manila, the Phillipines, on July 25.

Indonesian state-controlled refiner Pertamina has added Russian oil grades to its tender lists to buy September crude, according to Reuters.

Within the framework of the 27th St. Petersburg International Economic Forum (SPIEF 2024) in Russia, a Vietnamese delegation on June 6 held working sessions with representatives from the Russian Ministry of Economic Development, St. Petersburg’s foreign affairs committee and Russian companies – Novatek and Sistema.

In the first four months of this year, the Vietnam Oil and Gas Group (Petrovietnam) exploited 3.38 million tonnes of crude oil and 2.3 billion cubic metre of gas, 20.7% and 36% higher than the respective four-month targets, heard a recent conference of the group.

Indonesia’s Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) will strive to achieve oil lifting production in 2024 so as not to be less than 600,000 BOPD amid challenges at the beginning of the year.

Green transition in the energy sector is a key trend in the world and is one of Vietnam’s current top priorities. Vietnam is among countries with great potential to invest in new renewable energy sources such as solar, wind and ocean wave power, and biogas.

Russian oil and gas company Zarubezhneft JSC's cooperation and business projects in the fields of oil and gas, energy in Vietnam have made positive contributions to the special friendship and cooperative ties between Vietnam and Russia.

The Ministry of Industry and Trade, and the Ministry of Finance on November 30 decided to increase the retail prices of petrol products.

Nghi Son Refinery and Petrochemical LLC (NSRP) and Binh Son Refining and Petrochemical Joint Stock Company (BSR) have signed a Memorandum of Understanding (MoU) for comprehensive cooperation with the aim of enhancing the operational efficiency of Vietnam's two largest oil refineries.

Indonesia aims to accelerate its oil palm replanting programme to double the area it covered between 2017 and 2022 in an effort to maintain production, according to a government official.