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Energy

First stream of oil extracted from White Rabbit 3 field

Monday, May 08, 2017
The White Rabbit 3 oilfield saw the first stream of oil extracted from well 37P on May 7, thirteen days ahead of schedule, according to the Vietnamese-Russian joint venture Vietsovpetro....More...

Long Son petrochemical complex settles last issues before implementation

Saturday, April 01, 2017
In the afternoon of March 29, 2017, PetroVietnam and other involved parties in Long Son Petrochemicals Company Limited (LSP) has signed important documents related to LSP, including a joint venture...More...

PetroVietnam, Exxon Mobil ink $10bn gas project agreement

Tuesday, March 28, 2017
PetroVietnam and U.S. Exxon Mobil Corp have signed an investment agreement on a major gas project off the central province of Quang Nam, the Vietnamese state-run energy group said on...More...

SCG now sole foreign investor in Long Son refinery

Wednesday, March 08, 2017
Siam Cement Group (SCG) has finished acquiring the stakes of its former venture partner Qatar Petroleum (QP) in Long Son Petrochemical Complex, as reported by The Bangkok Post QP, which...More...

Dung Quat refinery sees 2017 gross profit down on lower oil prices

Tuesday, February 21, 2017
The refinery's shorter production period due to routine maintenance will also contribute to falling revenues. Dung Quat refinery, Vietnam's sole such facility, is expected its gross profit to plunge 66%...More...

Nghi Son Refinery may not be eligible for preferential selling price

Tuesday, February 14, 2017
PetroVietnam may not have to purchase the products of Nghi Son Refinery and Petrochemical Complex (NSRP), a joint venture between PetroVietnam, Kuwait Petroleum International, Idemitsu Kosan, and Mitsui Chemical International,...More...

Korean firm to build $1.85b thermal power plant in Quảng Trị

Wednesday, February 08, 2017
South Korea’s Korea Western Power Co. (KOWEPO) plans to construct a 1,200MW coal-fired power plant in the central province of Quang Tri in 2018. Provincial officials said the plant was...More...

Vung Ang II thermal power plant BOT project agreement clinched

Tuesday, January 17, 2017
The Vung Ang II thermal power build-operate-transfer (BOT) project agreement was inked between the General Directorate of Energy (GDE) of the Ministry of Industry and Trade and the Vung Ang...More...

Signing ceremony for Project Development Framework Agreement and Ca Voi Xanh gas sales Framework Agreement among PVN, PVEP and ExxonMobil

Friday, January 13, 2017
On January 13th, 2017 in Hanoi, PetroVietnam (PVN), PetroVietnam Exploration Production Corporation (PVEP) and ExxonMobil Viet Nam (ExxonMobil) organized the signing ceremony for the Project Development Framework Agreement and Ca...More...

Investor wants to expand Dung Quat oil refinery

Tuesday, December 06, 2016
Binh Son Refining and Petrochemical Company Limited (BSR), the operator of Dung Quat Oil Refinery, is choosing a consultant to help it borrow US$1.2 billion to expand and upgrade the...More...