11/05/2015

Offshore staff NORTH SYDNEY, Australia – Talisman Energy aims to finalize a development plan by mid-year for the CRD oil and gas discovery in block 07/03 in the Nam Con Son basin offshore southern Vietnam, according to partner PanPacific Pet..

11/05/2015

Thanh Nien News State-owned Petrolimex, Vietnam’s leading fuel importer and distributor, increased the price of 92-octane gasoline by 11 percent to VND19,230 (US$0.96) per liter Tuesday night. It was the biggest-ever hike in the p..

11/05/2015

MOSCOW -- Gazprom and PetroVietnam are to set drill the first deepwater well offshore Vietnam later this year, Moscow-based Gazprom said Wednesday. The companies are planning to spud the exploration well, in Block 129 on Vietnam’s continenta..

09/04/2015

  HANOI, Vietnam, April 6 (UPI) --HANOI, Vietnam, April 6 (UPI) -- As the Asian pivot continues, Russian oil company Gazprom Neft said Monday it signed deals with its counterparts at PetroVietnam. Documents signed in Hanoi in the pres..

08/04/2015

6/4/2015 HANOI--Russia's Gazprom on Monday signed a framework agreement with Vietnam Oil and Gas Group, or PetroVietnam, to buy a 49% stake in the latter's Dung Quat Oil Refinery. The agreement was signed during a visit to Vietnam by Russian..

06/04/2015

OPEC oil output hits highest since October OPEC oil supply has jumped in March to its highest since October as Iraq's exports rebounded after bad weather and Saudi Arabia pumped at close to record rates, a Reuters survey found, a sign key members ..

31/03/2015

VietNam News English Viet Nam recorded a trade deficit of US$1.8 billion in the first three months of this year, accounting for 9 per cent over the total export-import turnover. HA NOI (VNS) — Viet Nam recorded a trade deficit of US$1.8 ..

31/03/2015

VietnamPlus English A ceremony was held on March 26 in Binh Son district, Central Quang Ngai province by the Dung Quat Shipyard Company (DQS) to inaugurate upgraded versions of two oil exploration facilities. The vessels include the floating s..

31/03/2015

VietNam News English Viet Nam's gross domestic product (GDP) edged up 6.03 per cent in the first quarter of this year on the strength of "effective contributions" from mining and manufacturing industries, the General Statistics Office (GSO) annou..

31/03/2015

VOV News English Local petroleum retail prices remain unchanged at VND17,286 (US$0.80) per litre on March 26, while the Government has asked the stabilisation fund to be reduced. Facebook Twitter 0 vote(s) Comment Save this news Higher tax im..

27/03/2015

VietnamPlus English Vietnamese engineers have worked to master advanced oil rig construction technology and have now exported their giant oil platforms. The PetroVietnam Technical Services Corporation Mechanical and Construction (PTSC M&C) is ..

23/03/2015

Canadian Refiners Set to Buy More U.S. Oil With Wider Discount (Bloomberg) -- Cheaper North American oil is poised to replace West African and Middle East cargoes at eastern Canadian refineries with U.S. crude prices at the lowest level compared w..

19/03/2015

Libya Government Planning Own Oil Export Program to Weaken Rival (Bloomberg) -- Libya’s internationally-recognized government asked companies buying oil from ports under its control to deal with its administration, a move seen as an effort to ..

18/03/2015

VietamPlus English The Mekong Delta province of Tra Vinh has licensed a project to build a wind power plant with a capacity of 48MW in the first phase. According to Director of the provincial Economic Zones Management Board Le Tan Luc, the pr..

18/03/2015

VietnamNet English VietNamNet Bridge – The dollar price has been appreciating against the Vietnam dong like other currencies but analysts believe the State Bank will not adjust the dong/dollar exchange in the first half of the year. ..

18/03/2015

SaiGon GP English Officials agreed yesterday that they need to do more to ensure commodity prices operate on market mechanisms with greater transparency, even as national utility Electricity of Viet Nam (EVN) was roundly criticised for opacit..

18/03/2015

Read the original news  VietNam News English - 7 hour(s) ago 7 readings 1 duplicate news ANZ Bank upped its annual gross domestic product (GDP) growth rate target for Viet Nam to 6.5 per, for both 2015 and 2016, from 6.2 and 6.4 per ce..

18/03/2015

Oil Prices May Have Further to Fall Production aplenty means cheaper oil for longer Oil bulls got another piece of bad news today from an unlikely source: the Federal Reserve. U.S. crude production has continued to rise in spite of the collapse in ..

17/03/2015

Oil Price Hasn’t Hit Bottom as Surplus Expands, Greenspan Says  (Bloomberg) -- The price of crude oil hasn’t reached a bottom yet as production keeps increasing, former Federal Reserve Chairman Alan Greenspan said. The slump in oil..

16/03/2015

Iran is in talks with Asia Buyers About Raising Oil Sales (Bloomberg) -- Iran is in talks with at least three buyers in Asia to sell them more crude if sanctions on the Middle Eastern country are lifted, according to four people with direct knowledg..

16/03/2015

VietnamPlus English Vietnam reported an upsurge in the State's budget revenue, but saw a strong reduction in budget collections from crude oil products during January and February, the Ministry of Finance said. Vietnam reported an upsurge in t..

16/03/2015

VietNam News English The Viet Nam Oil and Gas Group, or PetroVietnam (PVN), plans to invest VND500 billion (US$2.3 million) in building an oil dump and port system in Phu Quoc Island District in the southern province of Kien Giang. A corner of ..

16/03/2015

VietNam News English At the meeting, Deputy PM Hai said he was glad that both sides had agreed to expand co-operation into areas such as oil and gas, agriculture-forestry-aquaculture and industrial processing. Hai said he believed that Viet Na..

16/03/2015

VietNam News English Ha Long Shipbuilding Company Ltd has begun building a platform supply vessel, PSV 3300, for the Netherlands' Damen Shipyard Group, in the northern coastal Quang Ninh province. The Ha Long Shipbuilding Company Ltd signed a ..

16/03/2015

VOV News English Venezuela, Vietnam seek to address obstacles to oil projects Venezuelan Vice President Elias Jose Jaua Milano has affirmed his country’s commitment to making it easier, in terms of conditions and financial support, for j..

13/03/2015

(Reuters) - The retail petrol price in Vietnam has been raised by 10.3 percent to 17,280 dong ($0.8) per litre, top fuel importer and distributor Petrolimex said on Wednesday. Diesel rose 4.68 percent to 15,880 dong per litre and fuel oil increase..

12/03/2015

Vietnam's ambitious nuclear programme is scaling up rapidly By Ben Hargreaves The government in Vietnam has ambitious targets to see the country's first new reactor generating electricity by the early 2020s – ambitious, because currently ..

12/03/2015

Hanoi (Platts)--11Mar2015/721 am EDT/1121 GMT Vietnam's state-owned Central Bio-fuels in the central province of Quang Ngai produced 16,969 cu m of ethanol in 2014, accounting for 17% of the plant's design capacity, a statement on the website of s..

12/03/2015

Báo Tuổi Trẻ English Seventy-seven percent of Vietnamese drivers do not know how to save fuel even though many see fuel efficiency as important, a new study has shown. Facebook Twitter 0 vote(s) Comment Save this news In the Shell Fuel E..

12/03/2015

VietnamPlus English As many as 359 companies on the Hanoi Stock Exchange, 99.4 percent of the total, have published their financial reports for the last quarter of 2014 before the deadline, the exchange reported. According to the exchange, most..

12/03/2015

VOV News English An environmental tax on petrol and other fuel in Vietnam will rise by 300% after the National Assembly approved a tax hike to offset an expected shortfall in budget revenue. Facebook Twitter 0 vote(s) Comment Save this news R..

12/03/2015

Báo Thanh Niên English The government has gotten the green light to increase fuel’s environment tax rates threefold, expectedly from this May 1, in an attempt to mitigate losses resulted from the upcoming reductions in fuel’..

12/03/2015

Báo Thanh Niên English Just one day after the government was allowed to increase fuel’s environment tax threefold, the retail prices of gasoline and oil were raised by as much as 10.2 percent on Wednesday. It was the first break..

12/03/2015

Báo Dân Trí English The Vietnam National Petroleum Group (Petrolimex), the country’s largest fuel wholesaler, raised the retail price of several fuel varieties as of 15:00 pm on March 11, the second adjustment and the fi..

12/03/2015

How Big Oil Is Profiting From the Slump by Javier Blas (Bloomberg) -- Europe’s largest oil companies are gaining support from an unlikely source as they confront the industry’s worst slump since the financial crisis: lower oil prices...

12/03/2015

VietnamPlus English NA Standing Committee agrees higher fuel eco-tax The fuel industry will see an increase in environmental taxes for most of its products, as heard during the National Assembly (NA) Standing Committee’s 36th session on Mar..

12/03/2015

VietnamPlus English Vietnam, Philippines review cooperation in tackling oil spills The Vietnam Administration of Seas and Islands (VASI) organised a Vietnam-Philippines conference on March 10 in Hanoi to evaluate the implementation of bilateral co..

11/03/2015

 OPEC Seen by Attiyah Keeping Oil Policy Unless Others Cut  (Bloomberg) -- The Organization of Petroleum Exporting Countries won’t change policy at its next meeting unless other producers cut first, Qatar’s former energy minist..

11/03/2015

U.S. Shale Oil Growth Slows as Price Crash Idles Drilling Rigs by Daniel Murtaugh (Bloomberg) -- The biggest slowdown in oil drilling on record is showing signs of reining in the U.S. shale boom. U.S. shale oil output is expected to post the slo..

11/03/2015

3/9/2015 SAIGON -- KrisEnergy, an independent upstream oil and gas company, has increased its working interest in Block 105 and is taking over operatorship of the production sharing contract. Earlier, KrisEnergy held 33.33% working interest in ..

10/03/2015

Pump Prices in U.S. Rise for Third Time Since June in Survey (Bloomberg) -- The average price of regular gasoline at U.S. pumps rose 20.98 cents in the two weeks ending March 6 to $2.5384 a gallon, according to Lundberg Survey Inc. Prices rose for ..

10/03/2015

 VietnamNet English  The price of cooking gas in HCM City has risen by VND5,000 (25 US cents) per 12kg canister from March 1, the second price increase so far this year. The retail price of a 12kg cooking gas canister now ranges between V..

09/03/2015

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, said. He noted that the Dung Quat oil refinery plant – o..

09/03/2015

  VietnamNet English  The manufacturing sector maintained its recent period of growth in February, with new orders and output both rising at faster rates than at the start of the year, HSBC's Purchasing Managers' Index reveals. The headl..

09/03/2015

VietNam News English The Viet Nam National Coal and Mineral Industries Group (Vinacomin) reported total revenue of VND15.7 trillion (US$737 million) during the first two months of 2015, vietnamplus.vn said. During the period, the group produced 6...

09/03/2015

VietnamPlus English Construction work started on the first phase of the Tay Nguyen wind farm on March 6 in Dlie Yang Commune, Ea H'Leo District in the Central Highlands province of Dak Lak. Construction work started on the first phase of the Tay N..

09/03/2015

SaiGon GP English Because of 7.5 percent increase in electricity prices from March 16 Vietnam Electricity (EVN)’s profit is expected to hike VND1.5 trillion (US$70.19 million), accounting for about 1 percent of equity, however it is too low in..

09/03/2015

Offshore staff HO CHI MINH CITY, Vietnam – Hoang Long Joint Operating Co. (HLJOC) has contracted Honeywell Process Solutions to provide project management and engineering for a third production platform offshore Vietnam. The new contract cove..

09/03/2015

 Storage dearth may drive oil prices to $30 By Myra P. Saefong Full storage capacity may lead 40% oil-price drop SAN FRANCISCO (MarketWatch) — As the U.S. runs out of space to store its glut of crude-oil supplies, prices for the commodi..

09/03/2015

VietnamPlus English   The State Bank of Vietnam (SBV) has been requested to continue implementing flexible monetary policies in close association with fiscal policy in order to ensure macro-economic stability, support production development, a..

09/03/2015

Business Monitor International (BMI) holds that growth in Vietnam’s power sector will present immense opportunities for power-related infrastructure construction, with the announcement of numerous power plant projects over the past quarters hav..

09/03/2015

By Nguyen Long, Thanh Nien News Ba Ria-Vung Tau authorities have requested central agencies to inspect tides of oil sludge that have soiled local beaches the past few years, with the latest case occurring on Monday. “The sludge has appeared o..

09/03/2015

The Rise of the CPV indicates Vietnam's current political power struggle. In recent years the power of the Central Committee of the Communist Party of Vietnam (CPV) has increased dramatically. If this trend continues, it may bear important implicati..

09/03/2015

By N. Tran Tam, Thanh Nien News   Foreign investors in Ho Chi Minh City have continued to complain about difficulties in buying parts and materials for production, urging the government to try harder to help its stagnant supporting industrie..

09/03/2015

3/5/2015 Share on facebookShare on twitterShare on linkedinShare on google_plusone_shareShare on print HO CHI MINH CITY, Vietnam -- Honeywell Process Solutions (HPS) announced Thursday that it has been selected to handle critical project management..

09/03/2015

SaiGon GP English  Electricity prices will be increased by 7.5 percent to an average of VND1,622.05 per kWh from March 16, as approved by Prime Minister Nguyen Tan Dung at a Government meeting in Hanoi on March 5. ..

08/03/2015

 Goldman sees LNG as biggest commodity after crude this year CHOU HUI HONG NEW YORK (Bloomberg) -- Global trade in LNG will exceed $120 billion this year, taking it past iron ore as the most valuable commodity after oil, Goldman Sachs Group In..

08/03/2015

  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 p..

08/03/2015

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 ..

08/03/2015

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 near..