petrovietnam acknowledged for its creative endeavours

PetroVietnam acknowledged for its creative endeavours

State-run Vietnam Oil and Gas Group (PetroVietnam) and many of its subsidiaries have been honoured among the most innovative and creative businesses in Vietnam for 2024, serving as a testament to their joint efforts to advance innovation and creativity towards long-term success.
k sure grants financial support to korean firms in petrovietnam projects

K-Sure grants financial support to Korean firms in PetroVietnam projects

Korea Trade Insurance Corporation (K-Sure) announced that it will provide $1 billion medium- and long-term financing support to Korean companies securing a project contract with Vietnam's oil and gas group PetroVietnam.
petrovietnam ca mau fertilizer acquires korea vietnam fertilizer

PetroVietnam Ca Mau Fertilizer acquires Korea - Vietnam Fertilizer

Petro Vietnam Ca Mau Fertilizer JSC (PVCFC, ticker: DCM) completed the acquisition of a 100 per cent stake in Korea - Vietnam Fertiliser (KVF) on May 17. Ho Chi Minh City Department of Planning and Investment has issued a new business registration certificate for the single-member limited liability company KVF.
pvtrans surpassed its 2023 financial targets

PVTrans surpassed its 2023 financial targets

PetroVietnam Transportation Corporation (PVTrans) held their 2024 AGM on April 15 in Ho Chi Minh City, presenting an ambitious review of its achievements and future strategies.
pv gas to supply nearly 70000 tonnes of lng

PV GAS to supply nearly 70,000 tonnes of LNG

Nearly 70,000 tonnes of liquefied natural gas will be supplied to Vietnam Electricity (EVN) by PetroVietnam Gas JSC (PV Gas) for power generation, according to an announcement on April 9.
pv power secures 300 million loan to fund lng plants

PV Power secures $300 million loan to fund LNG plants

PetroVietnam Power (PV Power) has signed a short-term loan agreement worth $300 million with Citibank and ING to supplement capital for the Nhon Trach 3 and Nhon Trach 4 power plants, which are the first liquefied natural gas (LNG)-to-power plants in Vietnam.
insurers 2024 profit targets indicate caution

Insurers' 2024 profit targets indicate caution

PetroVietnam Insurance Corporation (PVI) passed an ambitious revenue target of $725 million for 2024 at its AGM on March 21, a record figure representing an 8.17 per cent increase on-year.
businesses face mounting hardships amid rate hike

Businesses face mounting hardships amid rate hike

A US Federal Reserve policy meeting is taking place this week on March 20 with the Fed forecast to retain the current base rate to deal with inflation concerns. The move will mean the US dollar remains at a high level, putting pressure on domestic currencies around the world.
ptsc shows strong engagement in offshore wind power projects

PTSC shows strong engagement in offshore wind power projects

The Petrovietnam Technical Services Corporation (PTSC), a subsidiary company of the Vietnam Oil and Gas Group (Petrovietnam), is deeply engaging in domestic and international offshore wind power projects thanks to its rich experience, strong resources and highly qualified personnel.
copenhagen infrastructure partners and petrovietnam collaborate on green energy

Copenhagen Infrastructure Partners and PetroVietnam collaborate on green energy

On March 7, Danish renewables investor Copenhagen Infrastructure Partners (CIP), through its Growth Market Funds, signed an MoU with PetroVietnam, Vietnam’s national oil, gas, and renewable energy group.
jadestone signs agreement with petrovietnam

Jadestone signs agreement with PetroVietnam

Jadestone Energy plc, an independent upstream company focussing on the Asia-Pacific region, announced that it has signed a Heads of Agreement (HOA) with PetroVietnam Gas Joint Stock Corporation for the Gas Sales and Purchase Agreement (GSPA) relating to an offshore development in southwest Vietnam.
pvep completes business targets for year

PVEP completes business targets for year

Petroleum Exploration and Production Corporation (PVEP) overcame difficulties and the fluctuation of the market to achieve its business targets for the whole year.
malaysias petronas keen on renewable and sustainable energy in vietnam

Malaysia's Petronas keen on renewable and sustainable energy in Vietnam

Malaysian energy giant Petronas and its Vietnamese counterpart PetroVietnam are exploring potential collaboration opportunities in the upstream, downstream, renewable energy, and gas sectors in Vietnam.
mcdermott and ptsc secure 1 billion contract for block b project

McDermott and PTSC secure $1 billion contract for Block B project

US-based engineering and construction giant McDermott, as part of a consortium with Petrovietnam Technical Services Corporation (PTSC) has received a limited letter of award from Phu Quoc Petroleum Operating Company for its Block B gas-to-power project.
pv gas inaugurates thi vai lng terminal

PV GAS inaugurates Thi Vai LNG Terminal

On October 29, PetroVietnam Gas Corporation (PV GAS) held a ceremony to inaugurate Thi Vai Liquefied Natural Gas (LNG) Terminal at Cai Mep Industrial Park in the southern province of Ba Ria-Vung Tau.