Uncertainty lingers on with global oil and gas investment

Uncertainty lingers on with global oil and gas investment

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

Increasing oil prices setting back gas-related ventures

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

Reform needed to support oil and gas industry: experts

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

In fair phase-out of oil, gas rich nations stop first

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

Russia reinforces Vietnam connection

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

PV GAS honoured among businesses with best business performance in 2021

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

Vietnam's oil and gas laws in urgent need of readjustment to current-day realities

The energy transition, volatile oil prices, and limited resources are forcing Vietnam to make oil and gas development more flexible and increase incentives.
Removing roadblocks to oil and gas investment ventures imperative for development

Removing roadblocks to oil and gas investment ventures imperative for development

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 for investors.
Korean consortium close to winning $4.8 billion Hai Lang LNG power plant

Korean consortium close to winning $4.8 billion Hai Lang LNG power plant

A consortium of Korean power companies and local T&T Group is awaiting the final nod for its $4.8 billion bid for Hai Lang LNG power plant in Quang Tri.
Hyosung Vina Chemicals proposes removing import tax on propane

Hyosung Vina Chemicals proposes removing import tax on propane

Hyosung Vina Chemicals is waiting for the MoF's approval to remove the 2 per cent import tax on propane, a material used for propylene production.
PetroVietnam reports rosy performance leveraging effective management

PetroVietnam reports rosy performance leveraging effective management

PetroVietnam has been promoting preventive measures and vaccination to protect employees while reinforcing production and business in the first seven months.
GE’s HA gas turbine fleet achieves 50 customers and one million operating hours

GE’s HA gas turbine fleet achieves 50 customers and one million operating hours

GE’s H-Class heavy duty gas turbine fleet has secured more than 50 customers across 20 countries and accumulated more than 1 million commercial operating hours.
PV Gas achieves half of financial plan in the first half

PV Gas achieves half of financial plan in the first half

PV Gas has revealed its estimated business results for the first half of 2021 with financial indicators increasing from 3 to 12 per cent over a year.
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 acquired VND3 trillion ($130.43 million) in profit in the first half thanks to the soaring price of West Texas Intermediate oil.
PetroVietnam donates VND400 billion to COVID-19 Vaccine Fund

PetroVietnam donates VND400 billion to COVID-19 Vaccine Fund

State-owned oil and gas group PetroVietnam has recently donated VND30 billion ($1.3 million) to the national COVID-19 Vaccine Fund.
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