The Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) of Indonesia announced on January 17 that it has approved a revised plan on development of its Merakes and Merakes East gas fields with a total investment of 3.35 billion USD.
Regarding the key tasks of the last six months of this year, the General Statistics Office said it will put forward specific policies and prompt implementation to support businesses to resume production.
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?
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.
The PetroVietnam Exploration Production Corporation (PVEP) will invest about 380 million USD in exploring, exploiting and developing new oil fields this year, according to Deputy General Director Hoang Ngoc Trung.
The Vietnam – Russia oil and gas joint venture Vietsovpetro has reported that its oil and gas output in 2020 is likely to reach 3.42 million tonnes, surpassing the set target by nearly 300,000 tonnes.
The Vietnam – Russia oil and gas joint venture Vietsovpetro has reported that its oil and gas production during January-September surpassed the set target in the period.
The Vietnam-Russia oil and gas joint venture Vietsovpetro has announced that oil and gas exploitation reached 2.1 million tonnes in the first eight months of this year, 7.3 percent higher than the target.
The Indonesian government has announced that it had revised a 2017 law that will give oil and gas investors more flexibility when choosing their contract options for exploration, according to Reuters.
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 percent higher than its target.
Indonesia is striving to double gas production over the next 10 years to 12.3 billion cubic feet per day as it sets to become one of the world’s top exporters with major projects in the pipeline.
A project is being implemented in Vietnam to improve the eco-friendliness of the local textile-apparel industry, which is a big foreign currency earner of the country but also has considerable impact on the environment.
The Vietnam-Russia joint venture Vietsovpetro reported that its oil and gas production in the first quarter of 2019 surpassed its target for the period.
The Russia - Vietnam oil and gas exploration joint venture, Vietsovpetro, reported an oil and gas production output of 609,700 tonnes in the first two months of the year, exceeding its target by 6.7 percent.
At least five people were reported dead after tropical storm Pabuk, with winds reaching 70 kilometres per hour, battered southern coast of Thailand on January 4, Thai media said on January 5.
The Vietnam National Oil and Gas Group (PetroVietnam) has reported an oil and gas production output of 22.1 million tonnes in the first 11 months of 2018, surpassing its target by 5.4 percent and fulfilling 96.8 percent of its yearly plan.
The PetroVietnam Exploration Production Corporation (PVEP) is taking a serious of measures to realise its set target of extracting 4.06 million tonnes of oil equivalent in 2018.
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