Trang chủEnegry News' Vietnam

Crude oil, coal output increase despite challenging conditions

Crude oil, coal output increase despite challenging conditions

  VietnamNet English Crude oil and coal output in January rose some 10 per cent over January 2014, despite falling petrol prices and unfavourable coal mining conditions, reported the Ministry of Industry and Trade. Speaking at a press conference held in Ha Noi on Monday, deputy minister Do Thang Hai said the Viet Nam National Oil and Gas Group (PVN) posted 9.3 ...

New refinery included in oil sector's plans

New refinery included in oil sector's plans

  VietnamPlus English Prime Minister Nguyen Tan Dung has decided to include the Victory-Nhon Hoi petrochemical and oil refinery project in the petrol sector’s plan. The 22 billion USD project is listed among those receiving priority from the Government, reported the news site vnexpress. The project, to be located in central Binh Dinh ...

Petrolimex’s 2014 profit plunges on Q4 losses

Petrolimex’s 2014 profit plunges on Q4 losses

Vietnam National Petroleum Group (Petrolimex) reported profit of a mere VND4.8 billion last year, a small fraction of the VND1.6 trillion recorded in the previous year. Its holding firm saw its profit tumbling to VND67 billion last year, or nearly one-tenth of the VND710 billion achieved in the year earlier. The group attributed the profit drop to losses of over VND1.14 ...

Oil firm BSR sets 6.8m-tonne production goal

Oil firm BSR sets 6.8m-tonne production goal

The Binh Son Refining and Petrochemical Company (BSR) is targeting the production of 6.8 million tonnes of products this year, the deputy general director of the company, Nguyen Van Hoi, sai He noted that the Dung Quat oil refinery plant – one of the company's major plants – is operating at 105 per cent of its designed capacity (6.5 million tonnes per year). The company ...

Petrol imports for 2015 pegged at at least 8.18m tonnes

Petrol imports for 2015 pegged at at least 8.18m tonnes

  VietNam News English   The Ministry of Industry and Trade has granted permission for importing at least 8.18 million tonnes of oil and petrol products this year to 19 petroleum trading companies. Facebook Twitter 0 vote(s) Comment Save this news Specifically, the Viet Nam National Petroleum Corp (Petrolimex) ...

Oil prices send CPI down, Tet ups purchasing power

Oil prices send CPI down, Tet ups purchasing power

VietnamPlus English Although Vietnam saw its consumer price index slip in February due to plunging oil prices, purchasing power surged during the Tet (Lunar New Year) holiday. According to the General Statistics Office (GSO), total retail sales of goods and services in February touched 276.2 trillion VND (12.97 billion USD), up 3.7 percent from the previous month ...

Pan Pacific updates offshore Vietnam seismic, development studies

Pan Pacific updates offshore Vietnam seismic, development studies

Offshore staff NORTH SYDNEY, Australia – Pan Pacific Petroleum and its partners in block 121 offshore Vietnam will decide later this year whether to proceed to exploration Phase 3, which includes a one-well drilling commitment. They are seeking to bring in another partner to share the costs of the forward program, PPP added. Work should be completed soon on ...

KrisEnergy adds acreage offshore Vietnam

KrisEnergy adds acreage offshore Vietnam

  Offshore staff SINGAPORE – KrisEnergy has increased its presence offshore Vietnam in blocks 105 and 120 after Neon Energy withdrew from the Eni Vietnam-led consortium. Following an April 2014 agreement , an amended investment certificate for block 105 and block 120 has been issued by the Ministry of Industry and Trade of ...

Vietnam January-February crude oil exports raise 37pc

Vietnam January-February crude oil exports raise 37pc

HANOI: Vietnam's crude oil exports in the first two months of this year rose an estimated 37.2 percent from 2014 to 1.6 million tonnes, or 200,000 barrels per day (bpd), the government said on Thursday. Crude oil export value in the period, however, plummeted 40.9 percent from a year ago to $604 million, reflecting global price drops, the General Statistics Office said. Oil ...

PetroVietnam, Murphy Oil in Talks on Further Cooperation

PetroVietnam, Murphy Oil in Talks on Further Cooperation

HANOI–State-owned PetroVietnam said Thursday it is in talks with Murphy Oil Corp. (MUR) about the possibility of cooperating further on oil projects in Vietnam and in the Gulf of Mexico. In a statement on its website, PetroVietnam said it wants to offer some open blocks offshore Vietnam to Murphy Oil, though didn’t disclose how much a deal would be worth. The announcement came ...

Vietnam's 2014 crude oil output seen above 17 mln T

Vietnam's 2014 crude oil output seen above 17 mln T

HANOI Wed Dec 10, 2014 8:28pm EST Dec 11 (Reuters) - Vietnam is expected to produce more than 17 million tonnes of crude oil this year (341,000 barrels per day), beating its annual target by at least 5 percent, state oil and gas group Petrovietnam said. As of Tuesday, the group had pumped 16.21 million tonnes of crude and 9.5 billion cubic metres (cbm) of natural gas, meeting annual ...

Gazprom, PetroVietnam sign agreement for two fields in Russia

Gazprom, PetroVietnam sign agreement for two fields in Russia

HOUSTON, Nov. 26 11/26/2014 By OGJ editors     OAO Gazprom and PetroVietnam on Nov. 25 signed a framework agreement for the joint development of two fields in Russia. Nagumanovskoye oil, gas, and condensate field ...

Eni signs two offshore contracts with Vietnam

Eni signs two offshore contracts with Vietnam

Vietnam PSC deal: Eni CEO Claudio Descalzi (left) with PetroVietnam president Do Van Hau (AGI) - Hanoi, Oct. 13 - On Monday, Eni's CEO Claudio Descalzi signed two Production Sharing Contracts (PSCs) with PetroVietnam's president and CEO Do Van Hau. The contracts concern the exploration of blocks 116 and 124 off the coast of Vietnam. Block 116 measures about 5,000 square kilometres in the ...

Vietnam walks a thin line between US and China after oil rig exit

Vietnam walks a thin line between US and China after oil rig exit

By Thanh Nien News A crewman from the Vietnamese coastguard ship 8003 looks out at sea as Chinese coastguard vessels give chase to Vietnamese ships that came close to the Haiyang Shiyou 981 oil rig in the East Sea, July 15, 2014. Photo credit: Reuters Hanoi has kept the threat of an international lawsuit and stronger relations with Japan and the US on the table even after ...

Vietnam gasoline prices drop further

Vietnam gasoline prices drop further

By Thanh Nien News Vietnamese fuel distributors reduced the retail prices of gasoline for the seventh time this year, following an order by two ministries. The Ministries of Finance and Industry and Trade ordered the decrease following a drop in world’s oil prices over the last month. Starting from Monday noon, state-owned Petrolimex, Vietnam’s leading fuel ...