Trang chủEnegry News' Vietnam

Venezuela, Vietnam sign oil-for-food pact

Venezuela, Vietnam sign oil-for-food pact

By Michael Place Vietnam will invest in Venezuelan food production in exchange for cut-price crude oil imports, under a deal struck by the country's leaders. The accord aims to "facilitate business operations across energy, oil and gas, agriculture and fisheries," the official Viet Nam News agency said on Tuesday. Caracas also pledged its commitment to the Orinoco belt's ...

Vietnam index ends down 1.4 in volatile trade

Vietnam index ends down 1.4 in volatile trade

By , Reuters Vietnam's benchmark VN Index .VNI closed down 1.42 percent on Thursday, the third fall this week, dragged by the losses of banks and energy stocks due in part to lower global oil prices. The fall on Thursday, making Vietnam the sole one-day decliner in Southeast Asia, brought the market's combined loss this week to nearly 3 ...

Vietnam cuts fuel prices 7th time this year

Vietnam cuts fuel prices 7th time this year

By Manh Quan, Thanh Nien News HANOI - Thursday, September 03, 2015 15:36 An employee keys in the price of petrol at a pump at a petrol station in Hanoi, Vietnam September 3, 2015. Photo: Reuters/Kham An employee keys in the price of petrol at a pump at a petrol station in Hanoi, Vietnam September 3, 2015. Photo: Reuters/Kham Retail gasoline prices in Vietnam have been cut by around 6.5 ...

Vietnam orders more gas stations in big cities to sell biofuel

Vietnam orders more gas stations in big cities to sell biofuel

Thanh Nien News HO CHI MINH CITY - Thursday, September 03, 2015 14:26 A man refills his motorbike with biofuel E5 at a station in Ho Chi Minh City. Photo credit: Petrolimex A man refills his motorbike with biofuel E5 at a station in Ho Chi Minh City. Photo credit: Petrolimex Vietnam’s government is pushing for more consumption of a locally-produced biofuel blend which has remained ...

Vietnam cautious on plan to raise crude oil output for growth

Vietnam cautious on plan to raise crude oil output for growth

Thanh Nien News A file photo of a Vietnamese oil rig While some officials have proposed an increase in Vietnam's crude output to counter the falling oil prices and achieve an economic growth of 6.2 percent, the government is not yet sure if that is an optimal strategy. The government will continue studying "all relevant factors" to have the best plan for oil production, spokesman ...

India's oil exploration off Vietnam 'illegal', Chinese mouthpiece says

India's oil exploration off Vietnam 'illegal', Chinese mouthpiece says

Terming India's plans to conduct oil exploration off Vietnam coast in the South China Sea as "illegal", a state-run Chinese daily today said it is an "unwise move" that may "sabotage" positive momentum in ties. BEIJING: Terming India's plans to conduct oil exploration off Vietnam coast in the South China Sea as "illegal", a state-run Chinese daily today said it is an "unwise move" that may ...

Venezuela, Vietnam sign oil-for-food pact

Venezuela, Vietnam sign oil-for-food pact

By Michael Place - Tuesday, September 1, 2015 Venezuela, Vietnam sign oil-for-food pact Source: AFP Vietnam will invest in Venezuelan food production in exchange for cut-price crude oil imports, under a deal struck by the country's leaders. The accord aims to "facilitate business operations across energy, oil and gas, agriculture and fisheries," the official Viet Nam News agency ...

PetroVietnam lets contract for Dunq Quat refinery revamp

PetroVietnam lets contract for Dunq Quat refinery revamp

By Robert Brelsford OGJ Downstream Technology Editor   Binh Son Refining & Petrochemical Co. Ltd. (BSR), a subsidiary of state-owned Vietnam National Oil & Gas Group (PetroVietnam), has awarded a contract to Amec Foster Wheeler for the upgrade and expansion of its Dung Quat refinery in Quang Ngai Province, Vietnam ( OGJ ...

Falling oil prices reveal Vietnam's reliance on crude exports

Falling oil prices reveal Vietnam's reliance on crude exports

By Ngan Anh , Thanh Nien News The Bach Ho Oil Field in southern Vietnam. Photo: Vietnam News Agency Vietnam, an energy exporting country, is struggling to deal with the negative impacts of lower oil prices as revenue shortfalls make lingering fiscal weaknesses even more visible, economists said.  Oil prices have fallen to a 6.5-year low on Monday, ...

ONGC gets one-year extension for Vietnam block

ONGC gets one-year extension for Vietnam block

The company had applied for a third extension of the exploration licence in May In 2011, Beijing had warned OVL that its exploration off the Vietnam coast was illegal and violated China’s sovereignty. Photo: Bloomberg New Delhi: State-owned Oil and Natural Gas Corp. Ltd (ONGC) on Thursday said it has received a one-year extension to explore in a ...

H5 platform close to start up on TGT field offshore Vietnam

H5 platform close to start up on TGT field offshore Vietnam

Offshore staff LONDON – Production from the Te Giac Trang field offshore southern Vietnam has been averaging 33,600 boe/d. This is below expectations, according to partner SOCO International, and caused partly by drilling delays. Output may fall further in the current quarter due to the need to shut down the FPSO for hook-up and maintenance related to development of the H5 ...

Third TGT platform goes online offshore Vietnam

Third TGT platform goes online offshore Vietnam

Offshore staff LONDON – First oil and gas has flowed from the H5 wellhead platform (H5-WHP) on the Te Giac Trang (TGT) field in the Cuu Long basin offshore southern Vietnam. According to partner SOCO International, start-up was over a month ahead of schedule. The well perforation campaign will continue over the next two weeks, with a view to balancing the need to maximize ...

Idemitsu, Sumitomo sign exploration PSC offshore Vietnam

Idemitsu, Sumitomo sign exploration PSC offshore Vietnam

Offshore staff TOKYO – JOGMEC has agreed to provide equity financing to two Japanese oil companies for exploration offshore Vietnam. Earlier this week Idemitsu and Sumitomo signed a production-sharing contract (PSC) with PetroVietnam for blocks 39 and 40/02 offshore southwest Vietnam. JOGMEC will provide equity capital up to 50% covering the exploration expenditures incurred by ...

Wood Group to support subsea development of Ca Rong Do field offshore Vietnam

Wood Group to support subsea development of Ca Rong Do field offshore Vietnam

EBR Staff Writer Talisman Energy has awarded front end engineering and design (FEED) contract to Wood Group for the subsea development of the Ca Rong Do field offshore Vietnam. Under the contract, Wood Group Kenny (WGK) will conduct comprehensive flow assurance studies and full FEED engineering of the subsea system and structures, risers, flowlines, and power and control ...

Wood Group Wins Two Contracts For Project Offshore Vietnam

Wood Group Wins Two Contracts For Project Offshore Vietnam

Wood Group has been awarded the FEED contract for the subsea development of the Talisman Energy Ca Rong Do Field offshore Vietnam, the company said in a news release. The field is estimated to contain about 67 million barrels of oil equivalent. Wood Group Kenny (WGK) will carry out comprehensive flow assurance studies and full FEED engineering of the subsea system and structures, ...