The Vietnam Oil and Gas Group (PetroVietnam) reported that it had met its revenue target in 2021 two months ahead of schedule, generating 620.2 trillion VND (over 27.1 billion USD), surpassing the yearly plan by 26.4 percent, and up 28 percent year-on-year.
Vietnam creates optimal conditions for Indian companies to continue their long-term operations and expand investment in energy and oil and gas exploration and production in the country’s continental shelf and exclusive economic zone, Vietnamese National Assembly Chairman Vuong Dinh Hue affirmed on December 17.
The Vietnam Oil and Gas Group (PetroVietnam) has reported that its oil and gas exploitation output reached 9.97 million tonnes between January and November, surpassing its target for the entire year by 2.5 percent.
The PetroVietnam Power Corporation (PV Power) has signed a cooperation agreement with gas industry company Novatek of Russia, on the development of liquefied natural gas (LNG) and energy projects in Vietnam.
Vietnam Oil and Gas Group (PetroVietnam) remains one of the three largest enterprises in the country in 2021, the 14th year in a row, according to the VNR500 rankings unveiled by Vietnam Report JSC.
The Vietnam Oil and Gas Group (PetroVietnam) organised a series of activities on November 24-25 to celebrate the 60th anniversary of the traditional day of the oil and gas industry (November 27, 1961 - November 27, 2021).
The Vietnam Oil and Gas Group (PetroVietnam) has reported that it has completed the target of 7.99 million tonnes of oil output set for this year, 42 days ahead of schedule.
Harmonious economic and cultural development is the key to the Vietnam Oil and Gas Group (PetroVietnam)'s sustainable growth strategy, constituting its inner strength and brand as well as affirming its position as a strong locomotive and a pioneer in the national economy.
The Vietnam Oil and Gas Group (PetroVietnam) and the Asian Development Bank (ADB) on November 18 signed a Memorandum of Understanding (MOU) on establishing a strategic partnership for 2021 – 2024 to promote clean and renewable energy development, and help PetroVietnam achieve targets in green energy transition.
In the context of declining oil and gas output, one of the tasks for the Vietnam Oil and Gas Group (PetroVietnam) is to seek and implement solutions to optimise resources at oil lots and fields.
The Vietnam Oil and Gas Group (PetroVietnam) contributed 75.4 trillion VND (3.32 billion USD) to the State budget in the first 10 months of this year, up 23 percent from the same period last year and 21 percent higher than the yearly plan.
Since 2015, Vietnam has seen consecutive declines in oil and gas output and exploitation plan. What're reasons behind the situation and solutions to the problem?
Despite the recovery of petrol prices, profits of many businesses in the oil and gas sector dropped in the third quarter of this year due to impacts of the COVID-19 pandemic.
Hai Long Offshore Wind Power has signed a preferred supplier agreement with a Vietnamese consortium led by Semco Maritime A/S of Denmark and PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C) of Vietnam to construct two offshore substations off the coast of Chinese Taiwan.
The Vietnam Oil and Gas Group (PetroVietnam) has surpassed important business and financial targets set for the first nine months of 2021, with its contribution to the State budget fulfiling the yearly plan.
Bien Dong Petroleum Operating Company (Biendong POC) has produced 15 billion cu.m of gas since its Hai Thach and Moc Tinh gas fields were put into operation in September 2013.
Vietnam will work to create an open and transparent business environment and offer favourable conditions for US investment projects in the country, said Minister of Industry and Trade Nguyen Hong Dien.
Fitch Ratings has assessed the Vietnam Oil and Gas Group (PetroVietnam)'s Standalone Credit Profile (SCP) at 'BB+', reflecting the company's conservative financial profile, diversification and integration.
Despite impacts of COVID-19, the Vietnam Oil and Gas Group (Petrovietnam) fundamentally fulfilled its set targets in the first eight months of this year.
The PetroVietnam Drilling and Well Services Corporation (PVD) will supply drilling service using the PV Drilling VI jackup rig to the Thang Long Joint Operating Company (JOC).
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