pvep signs engineering contract with algeria

PVEP signs engineering contract with Algeria

The PetroVietnam Exploration and Production Corporation (PVEP) and two partners have signed a $451.3 million engineering contract with the Algerian state-owned oil and gas company Sonatrach.
market malaise stings pvfc

Market malaise stings PVFC

PetroVietnam’s financial arm, PetroVietnam Finance Corp. (PVFC), has posted a Q2 profit down more than 40 per cent due to securities investments losses.
first vietnam made oil rig to be launched september

First Vietnam-made oil rig to be launched September

The Vietnam National Oil and Gas Group (PetroVietnam) says it will inaugurate the first locally manufactured jack-up rig on September 9 in Ba Ria-Vung Tau Province, where the mobile platform was built.
petrovietnam eyes gas exploitation in bolivia

PetroVietnam eyes gas exploitation in Bolivia

The Vietnam National Oil and Gas Group (PetroVietnam) has signed a cooperation agreement with the state-owned oil and gas company of Bolivia, YPFB, to study gas potential in the South American country.
govt approves 1bln imported gas docks

Gov’t approves $1bln imported gas docks

The Prime Minister has approved a project on building a system of gas import docks at Ham Tan district in the central province of Binh Thuan , according to Do Khang Ninh, general director of PetroVietnam Gas (PV Gas).
pv gas approved on import gas port project

PV Gas approved on import gas port project

PetroVietnam Gas has received the government’s approval to construct a port with storehouse for gas import in the south central province of Binh Thuan.
petrovietnam pumps first oil from russian field

PetroVietnam pumps first oil from Russian field

The Vietnam National Oil and Gas Group (PVN) and its partner OAO Zarubeznhetf, a member of the Rusvietpetro joint venture company, has pumped the first oil from the Visovol oil field in the Nenets autonomous region of Russia.
fertilizer giant opens branch in cambodia

Fertilizer giant opens branch in Cambodia

The PetroVietnam Fertilizer and Chemicals Joint Stock Company (PVFCCo) officially inaugurated its branch in Cambodia on July 29, with a view to selling products directly to local farmers.
dinh vu iz hooks big project

Dinh Vu IZ hooks big project

Drilling Mud Corporation (DMC), a PetroVietnam member and the Dinh Vu Industrial Zone (IZ) authorities have inked a land lease contract for a petrochemical service supply project.
local knowledge pays dividends

Local knowledge pays dividends

PetroVietnam Southern Gas (PGS) and Hoa Phat Group (HPG) have posted strong profits thanks to their core businesses.
energy giants to move with economy

Energy giants to move with economy

Two state-owned energy giants remain upbeat despite having to curtail investment under government orders.
honeywell wins 3 million assignment to automate offshore gas platforms in vietnam

Honeywell wins $3 million assignment to automate offshore gas platforms in Vietnam

Honeywell (NYSE:HON) announced that it has been engaged by PetroVietnam Technical Services Corporation (PTSC) and the Bien Dong Petroleum Operating Company (BDPOC) to supply an integrated process control system for their new central processing platform currently under construction in Vietnam southern.
petec stakes out of reach for foreigners

Petec stakes out of reach for foreigners

The government last week rejected PetroVietnam’s proposal to sell a 43.78 per cent stake in petrol trading subsidiary Petec to foreign partners.
pm urges vietsovpetro to increase oil reserves

PM urges Vietsovpetro to increase oil reserves

Prime Minister Nguyen Tan Dung has proposed PetroVietnam and Vietsovpetro promote their exploration to increase oil and gas reserves, to ensure energy security, promote exports and increase state budget income.
pvi looks for a new path

PVI looks for a new path