Strategies considered to cope with oil shifts
September 12, 2022 | 07:00
As there is no silver lining ahead just yet when it comes to stabilised oil prices, economists and associations agree that corporate taxes should be reduced and oil reserves built to help cope with the current dilemma, but both of these solutions would be costly.
Vietnamese oil facing significant hurdles
September 06, 2022 | 14:00
The government is promoting energy self-reliance rapidly as global developments have significantly changed the world’s energy situation, pushing Europe into gas scarcity for this winter.
Eurozone stocks, euro tumble as Russia fuels energy crisis
September 06, 2022 | 10:40
Eurozone stocks tumbled Monday and the euro hit a new 20-year dollar low on energy crisis fears, after Russia said it would not restart gas flows to Germany and effectively most of the continent.
OPEC+ agrees oil output cut to prop up prices
September 06, 2022 | 10:25
The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year as it seeks to lift prices that have tumbled due to recession fears.
Oil and gas sector counting on vital new investment cycle
September 06, 2022 | 09:00
As oil prices anchor around $90-100 per barrel globally, changes in the oil and gas policy of many markets are expected to bring a new cycle of investment to Vietnam – with the government also taking steps to transition to renewable energy sources by cooperating with countries around the world.
OPEC+ to meet amid economic downturn fears
September 05, 2022 | 15:38
Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.
Oil dispute sharpens Baghdad-Kurd tensions amid deadlock
July 18, 2022 | 09:20
Iraq's oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say.
Global fuel concerns force tax action
July 07, 2022 | 12:13
The government is expected to apply a scheme to pare down taxes and fees for fuel products, as well as provide sufficient fuel for the economy, in a bid to offer support and ensure desired growth.
Uncertainty lingers on with global oil and gas investment
June 16, 2022 | 11:42
With a global oil price reaching eye-watering levels, much of Vietnam’s oil and gas potential depends on new-found investments in exploration technology, thus helping boost the country’s state budget.
Increasing oil prices setting back gas-related ventures
June 16, 2022 | 11:09
Continuing global conflicts and price rises of various commodities are undermining the development and exploitation of oil and gas fields in Vietnam, and collaborations may continue to struggle if inflation pressures persist.
Reform needed to support oil and gas industry: experts
June 15, 2022 | 13:51
Experts have raised strong support for a comprehensive reform for the draft revised Petroleum Law that will help further develop the country’s oil and gas industry.
In fair phase-out of oil, gas rich nations stop first
March 22, 2022 | 10:01
Rich countries must end their oil and gas production by 2034 to cap global warming at 1.5 degrees Celsius and give poorer nations time to replace fossil fuel income, according to a report released Tuesday.
Russia reinforces Vietnam connection
November 29, 2021 | 14:53
Vietnam and Russia are further amplifying their trade and investment cooperation ties, with the Vietnam-Eurasian Economic Union Free Trade Agreement functioning as a big driver.
PV GAS honoured among businesses with best business performance in 2021
November 14, 2021 | 15:21
PV Gas has made it into the Top 20 most profitable businesses in Vietnam in 2021 and secured a high ranking in the tally for the fifth consecutive year.
Vietnam's oil and gas laws in urgent need of readjustment to current-day realities
October 07, 2021 | 14:11
The energy transition, volatile oil prices, and limited resources are forcing Vietnam to make oil and gas development more flexible and increase incentives.
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