removing roadblocks to oil and gas investment ventures imperative for development

Removing roadblocks to oil and gas investment ventures imperative for development

Investment ventures in oil and gas are facing mounting hardships from COVID-19 and overlapping legal documents, and lag behind the fast-changing investment environment. It is urgent for roadblocks to be removed in time to enable the oil and gas sector to contribute to the national economy and ramp up its charm in the eyes of investors.
aes and pv gas sign joint venture agreement for son my lng terminal

AES and PV Gas sign joint venture agreement for Son My LNG Terminal

Representatives of global energy company AES Corporation and PetroVietnam Gas JSC (PV Gas), a member of Vietnam’s oil and gas giant PetroVietnam, have just signed a joint venture agreement for the Son My liquefied natural gas (LNG) terminal located in Binh Thuan province in south central Vietnam.
fitch ratings maintains standalone credit profile of petrovietnam at bb

Fitch Ratings maintains standalone credit profile of PetroVietnam at BB+

On September 9, Fitch Ratings certified Vietnam’s state-owned oil and gas giant PetroVietnam as having a standalone credit rating at BB+, with a long-term foreign currency issuer default rating (IDR) of BB with "positive outlook", and senior unsecured rating of BB. This is the third consecutive year Fitch Ratings evaluated PetroVietnam’s standalone credit rating at BB+.
petrovietnam resilient amid pandemic with concerted effort for sustainable development

PetroVietnam resilient amid pandemic with concerted effort for sustainable development

Despite facing multiple hardships during the pandemic, state-owned oil and gas group PetroVietnam has shown admirable resiliency to make firm steps towards sustainable growth.
petrovietnam outperforms 8 month period with continued focus on digital transformation

PetroVietnam outperforms 8-month period with continued focus on digital transformation

PetroVietnam is faring well so far this year, after boosting management efficiency through digital transformation efforts.
182 billion thai binh 2 thermal power plant urged to start operation in april 2022

$1.82 billion Thai Binh 2 Thermal Power Plant urged to start operation in April 2022

Deputy Prime Minister Le Van Thanh asked PetroVietnam, the investor of the project, and relevant authorities to complete the unfinished components of Thai Binh 2 Thermal Power Plant to connect it to the national power grid by April 30, 2022.
petrovietnam reports rosy performance leveraging effective management

PetroVietnam reports rosy performance leveraging effective management

Amid growing COVID-19 complexities rocking the economy, state-owned oil and gas giant PetroVietnam has been actively promoting preventive measures and vaccination to protect the health of its employees while reinforcing production and business to maintain stable development.
pv power exceeded the profit plan in the first half

PV Power exceeded the profit plan in the first half

According to the financial results in the first six months issued on July 16, PetroVietnam Power (PV Power) estimated its revenues at VND16.5 trillion ($717.8 million), with profit after tax standing at VND1.4 trillion ($61 million).
petrovietnam a bright spot in vietnams first half development picture

PetroVietnam: a bright spot in Vietnam’s first-half development picture

Despite the adverse implications of the COVID-19 pandemic, state-owned oil and gas group PetroVietnam has outperformed almost all business targets set for the first half of this year.
pv gas achieves half of financial plan in the first half

PV Gas achieves half of financial plan in the first half

PetroVietnam Gas JSC (PV Gas, HSX: GAS) has just revealed its estimated business results in the first six months of 2021 with financial indicators increasing from 3 to 12 per cent over the same period in 2020.
binh son refinery reports 130 million in profit in first half

Binh Son Refinery reports $130 million in profit in first half

Binh Son Refinery and Petrochemical JSC (BSR), a wholly-owned subsidiary of PetroVietnam, acquired VND3 trillion ($130.43 million) in profit in the first six months of 2021 thanks to the soaring price of West Texas Intermediate (WTI) oil.
petrovietnam donates vnd400 billion to covid 19 vaccine fund

PetroVietnam donates VND400 billion to COVID-19 Vaccine Fund

In a bid to join hands with the nation to fight against the COVID-19 pandemic as well as ensure social welfare and people’s wellbeing, state-owned oil and gas group PetroVietnam has recently donated VND30 billion ($1.3 million) to the national COVID-19 Vaccine Fund.
petrovietnam receives first gas flow from white lion oil field in stage 2a

PetroVietnam receives first gas flow from White Lion oil field in stage 2A

State-owned PetroVietnam has just welcomed the first flow of gas from Su Tu Trang (White Lion) oil field in phase 2A, putting the project into operation 16 days ahead of schedule.
petrovietnam reports rosy results for year so far amid pandemic strife

PetroVietnam reports rosy results for year so far amid pandemic strife

State-owned Vietnam Oil and Gas Group (PetroVietnam) has fulfilled its 5-month business targets beyond expectations with on-year stable growth in all financial metrics.
petrovietnam books robust growth for four month period

PetroVietnam books robust growth for four-month period

State-owned oil and gas giant PetroVietnam has outperformed most business targets in the year to date, leveraging drastic measures to boost production and management efficiency, backed by rising oil prices in the global market.