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08/03/2015

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, sai He noted that the Dung Quat oil refinery plant &ndash..

08/03/2015

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. FacebookTwitter0 vote(s) CommentSave this new..

06/03/2015

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 o..

06/03/2015

U.S. Set to Be the New Swing Producer Saudi Arabia Setting Up U.S. to be New Swing Oil Producer Just a decade ago, Saudi Arabia maintained unequivocal power over oil prices. As the largest producer in the Organization of the Petroleum Exporting Co..

06/03/2015

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 seek..

06/03/2015

  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 certif..

06/03/2015

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, howe..

06/03/2015

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 ..

05/03/2015

US running out of room to store oil; price collapse next? By Jonathan Fahey THE ASSOCIATED PRESS NEW YORK — The U.S. has so much crude, it is running out of places to put it, and that could drive oil and gasoline prices even lower in the co..

04/03/2015

Oil storage in US close to running out: Pro Michelle Fox   | @MFoxCNBC U.S. crude posted its first monthly gain since June on Friday, but one expert warned that storage in the United States is filling up quickly, and that could send oil..

03/03/2015

Is oil on the rebound? In the longer-run, we expect the new-normal crude oil price to average below the previous years of US$110 per barrel - at around US$80 per barrel,’’ said Manokaran Mottain(inset right bottom), chief economist, Al..

22/12/2014

Oil Investors Keep Betting Wrong on When Market Will Hit Bottom Investors betting on a rebound in oil prices are nothing if not tenacious. They have poured the most money in more than four years into exchange-traded products that track oil as pric..

19/12/2014

Iraq Could Review Oil-Supply Plans as Price Collapse Deepens Iraq said a collapse in crude oil and the cost of fighting Islamic State militants could force the country to review its plans to boost production, highlighting the risks this year&rsq..

18/12/2014

Russia Sees No Need to Cut Oil Supply With Prices to Stabilize Russia will keep its crude oil output steady next year and plunging prices will stabilize, Energy Minister Alexander Novak said, reiterating comments made almost three weeks ago that nat..

11/12/2014

Oil Price Hit by OPEC Numbers as Saudis Stand Firm on Output Crude took a fresh drubbing yesterday as OPEC reduced its estimate for 2015 demand, Kuwait offered new discounts to Asian customers and the Saudi oil minister questioned the need for an ou..

11/12/2014

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..

27/11/2014

HOUSTON, Nov. 26 11/26/2014 By OGJ editors     OAO Gazprom and PetroVietnam on Nov. 25 signed a framework agreement for the joint d..

21/11/2014

Confused OPEC Watchers Are More Divided Than Ever To understand just how contentious next week’s OPEC meeting will be, take a look at the confusion it’s created among professionals paid to predict the outcome. The 20 analysts survey..

20/11/2014

IEA Gets Budapest Offer With Paris Lease Expiring in Two Years The International Energy Agency, the adviser to 29 governments, got an offer to move to Budapest. The lease on its premises in Paris, home since 1974, is due to expire within two years. ..

19/11/2014

Iraq’s Biggest Oil Plant to Reopen After Militants Moved Iraq’s biggest oil refinery at Baiji is set to restart processing in about three months after government troops forced Islamic State armed militants away from the facility. Iraqi ..

18/11/2014

Indonesia Raises Fuel Prices as Jokowi Enacts Key Pledge Indonesian President Joko Widodo raised fuel prices to reduce state energy subsidies, enacting a key election pledge less than a month after taking office to narrow the budget deficit and fr..

13/11/2014

Saudi Arabia Leads OPEC Crude Output Lower Before Meeting OPEC said Saudi Arabia led declines in the group’s oil output last month, weeks before its 12 members meet to decide whether to trim a global supply glut that drove crude prices into a ..

12/11/2014

U.A.E. Concerned That Oil Glut May Curb Exploration, Production The collapse in oil prices may deter investment in exploration and production projects predicated on $100 crude, according to Suhail Al Mazrouei, energy minister of the United Arab Em..

11/11/2014

Kuwait Oil Minister Sees No OPEC Output Cut This Month          OPEC won’t cut its collective crude output when it meets this month and global oil prices will stabilize once the surplus is absorbed..

10/11/2014

Aramco Said to Name New Asia Head Amid OPEC’s Share Fight Aramco sold 53.8 percent of its crude to Asian customers, according to its 2013 annual review. Saudi Arabia, the largest oil exporter, is seeking to build crude sales and expand in Asi..

07/11/2014

 Green Party blasts new Senate leadership LONDON, Nov. 6 (UPI) -- A U.S. Green Party gubernatorial candidate said Thursday voters pushed the country in the wrong direction, though oil voices said it's time to seize the moment. Midterm election..

06/11/2014

Saudi Flexing Met With Crickets by U.S. Shale Frackers Nov. 4 (Bloomberg) -- Nasdaq Advisory Services Lead Energy Analyst Tamar Essner and Oilprice.com Senior Contributor Dan Dicker discuss the price of oil on “Street Smart.” (Source: Bl..

05/11/2014

Oil Import Decline to U.S. Revealed by Louisiana as Truth Things are slowing down at the U.S.’s largest oil-import hub. Just six years after importing more than 1 million barrels a day from countries including Saudi Arabia, Nigeria and Iraq, ..

04/11/2014

Petrobras Said to Seek Resolution in Dismissal Standoff Petroleo Brasileiro SA (PETR4)’s board will resume talks tomorrow over a demand from the oil producer’s auditor to remove a top executive cited in a corruption investigation, said t..

03/11/2014

Gasoline at $3 Even Has Store Managers Filling Up The first thing Kathy Parker did when she showed up for work at a Michigan gas station two days ago was change the price of gasoline displayed outside the shop to $2.99 a gallon from $3.04. The seco..

31/10/2014

Noble gas output from Israel up 21 percent HOUSTON, Oct. 28 (UPI) -- Energy explorer Noble Energy said Tuesday production during the third quarter soared because of advancements off the coast of Israel. Noble, a partner in the development of the Ta..

24/10/2014

U.S. gas prices will not rise on lifting crude export ban - study Oct 23 (Reuters) - A highly anticipated study by the U.S. Energy Information Administration will show that domestic oil prices will not rise if the U.S. ban on oil exports is lifted, ..

23/10/2014

Total Appoints Pouyanne as CEO; Desmarest as Chairman Total SA (FP) appointed Patrick Pouyanne as chief executive officer, succeeding Christophe de Margerie who was killed in a plane crash this week. Pouyanne, 51, the company’s refining chi..

22/10/2014

 Brent, WTI both posting gains By UPI NEW YORK, Oct. 21 (UPI) -- Brent and West Texas Intermediate for November delivery both showed gains in trading Tuesday, with Brent showing sustained growth from an earlier session. Brent for November del..

21/10/2014

 WTI Crude Oil Seen Supported Near $75 a Barrel West Texas Intermediate crude oil will find support around $75 a barrel should it break through $80 on a sustained basis, according to Auerbach Grayson & Co. “We’re still keeping an e..

20/10/2014

EU examines risks of Russian gas shortage BRUSSELS, Oct. 17 (UPI) -- If members of the European Union show some solidarity, they'll be able to cope with a potential Russian gas shortage, the European energy commissioner said. The European Commiss..

17/10/2014

 U.S. Imports of Saudi Crude Rebound From Four-Year Low By Mark Shenk  Oct 17, 2014 3:55 AM GMT+0700  0 Comments  Email  Print U.S. crude oil imports from Saudi Arabia rebounded last week from the lowest level in more than ..

16/10/2014

 Cheapest OPEC Crude Since ’09 Still Too Costly for India OPEC must keep cutting prices to displace competing supplies from Latin America and West Africa, Indian refiners said. Saudi Arabia, Iran and Iraq, which account for about half th..

15/10/2014

New York Gets Frigid Winter Warning From Siberia Snowfall The snow in Siberia is piling up, and if it keeps coming, people in New York may have to bundle up this winter. There’s a theory that the amount of snow covering Eurasia in October is ..

14/10/2014

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. ..

14/10/2014

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: Reu..

14/10/2014

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 i..

14/10/2014

(AGI) Hanoi, Oct 13 - According to ENI CEO, Claudio Descalzi, the alliance between Eni and PetroVietnam is developing and will continue to do so outside Vietnam as well. Descalzi's statement came in the wake of the signature of two exploration contra..

14/10/2014

IEA: Angola Set to Overtake Nigeria as Africa's Largest Oil Producer By Sarah Kent LONDON--Nigeria is set to lose its crown as Africa's largest oil producer, at least temporarily, in large part due to oil theft and governance issues, the Internatio..

14/10/2014

People riding motorbikes wait in a traffic jam in Hanoi, Vietnam. EPA/LUONG THAI LINH     by Le Phuong, Xinhua Vietnam is said to be a home for motorbikes as it is among the few countries in the world where ..

14/10/2014

Electronic waste has become a dangerous threat to the global environment. Photo credit: EPA/Vietnam News Agency Electronics producers and importers in Vietnam will have to set up disposal points, starting next January, to collect discarded ..

13/10/2014

 U.S. Gasoline Falls to Lowest Since November, Lundberg Says The average price of regular gasoline at U.S. pumps slid to the lowest level in more than 10 months, dropping 11.64 cents in the three weeks ended Oct. 10 to $3.2577 a gallon, accordi..

10/10/2014

Exxon Wins $1.6 Billion Settlement for Venezuela Seizure Exxon Mobil Corp. (XOM) was awarded a $1.6 billion judgment by an international arbitration panel for assets seized by Venezuela’s government in 2007, a fraction of what the crude prod..

09/10/2014

Pirates released a Vietnamese oil tanker and its 18 crew members yesterday after siphoning part of its diesel cargo, according to the coast guard. The Sunrise 689, which left Singapore on Oct. 3 before vanishing from radar for five days, was about..

09/10/2014

Canadian crude oil exports to the U.S. topped 3 million barrels per day for first time http://wpmedia.business.financialpost.com/2014/10/oil-exports.jpg?w=620 Canada is home to Alberta’s oil sands and has the world’s third-largest crude..

08/10/2014

 Narrow Price Gap Opens Door for African Oil Exports to U.S. East Oil traders are boosting shipments of Mediterranean and West African crude to the U.S. East Coast as the narrowest gap in more than a year between U.S. and international prices..

08/10/2014

A Vietnam-flagged tanker with 18 crew members on board has gone missing since leaving Singapore for a Vietnamese port last Thursday, raising fears that it has fallen into the hands of pirates. The vessel was carrying more than 5,200 tons of oil ..

07/10/2014

HANOI--A Vietnamese oil tanker with 18 crewmembers on board went missing en route to central Vietnam from Singapore, officials said Monday. The Sunrise 689 vessel, owned by Haiphong Fisheries Shipbuilding Joint Stock Co., went missing 40 minutes aft..

07/10/2014

The United States partially lifted the embargo. The next move will be Vietnam’s. On October 2, Secretary of State John Kerry finally met officially with his Vietnamese counterpart Foreign Minister Pham Binh Minh in Washington. In May, ..

07/10/2014

  06 October 2014 A USA-Vietnam agreement on civil nuclear energy cooperation has entered into force. The agreement establishes the terms for commercial nuclear trade, research and technology exchanges between the two countries as pr..

07/10/2014

Published 6 October 2014 Contents 0.1 Summary Vietnam’s GDP expanded 6.4% year-on-year in the third quarter of 2014, the fastest growth since 2012, while inflation fell further. Growth in the industrial and construction s..

07/10/2014

U.S. Aids Ukraine on Heat Plan as EU Warns on Winter By Mark Drajem and Jonathan Stearns Oct 7, 2014 5:00 AM GMT+0700 The U.S. is helping Ukraine (UADPRYOY) plan how to keep homes and businesses heated during the winter months while the European Un..

06/10/2014

Tumbling Oil Prices Punish Hedge Funds Betting on Gains Hedge funds increased bets on rising oil prices just before crude futures tumbled to a 17-month low on signs that global supply is outstripping demand. Prices capped the biggest weekly decline..

03/10/2014

 Refiners Seek to Debunk Case for Ending Oil-Export Ban A group of refiners that support a four-decade-old ban on oil exports today sought to debunk a key argument of opponents: that the U.S. can’t process all the light sweet crude being ..

02/10/2014

Rouhani: Iran will not replace Russian gas export to Europe     Wednesday, 01 October 2014 15:07 Iran will not export natural gas to Europe if Russia stops its exports, the country's President Hassan Rouhani said yesterday. Speak..

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