PetroVietnam Drilling and Well Services Corporation (PV Drilling) under the Vietnam Oil and Gas Group (PVN) has seen robust signs in its business activities when prices of crude oil improve and the oil drilling market becomes warmer.
The Hoa Binh Construction & Real Estate Corporation (HBC) signed a cooperation agreement with HOT Engineering & Construction Company of Kuwait in Hanoi on May 19, as part of its strategy to expand into the Middle East.
Vietnam’s gas industry aims to double its exploitation output to reach as much as 21 billion cubic metres by 2035, according to a master plan approved by Prime Minister Nguyen Xuan Phuc early this week.
Vietsovpetro, a Vietnam – Russia joint venture, held a ceremony on August 12 to mark its 35th founding anniversary and 30 years since its first tonne of crude oil was exploited.
There would be more auctions of shares from oil and gas companies in the second half of 2016 under the directives of the Government on equitisation of State-owned enterprises.
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