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Tag - oil and gas company

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lundi 23 septembre 2019

Vietnam power crunch threatens future economy

Crisis comes as country starts to reap benefits from the US-China trade war

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mercredi 18 septembre 2019

Vietnam to abolish import tax on crude oil from november

Vietnam will abolish an import tax on crude oil from November, the government said on Tuesday, as the Southeast Asian country becomes more reliant on imported crude for its refineries.

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dimanche 25 août 2019

Is China blocking Vietnam’s access To $2.5 Trillion in oil & gas?

The United States has accused China of interfering with oil and gas drilling operations off the coast of Vietnam in the disputed waters of the South China Sea. This is the latest indication that bilateral relations have a long way to go before they are mended.

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vendredi 2 août 2019

Vietnam’s strange ally in its fight with China

The Russian oil giant Rosneft is quietly backing Hanoi in its clash with Beijing.

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mardi 2 juillet 2019

Vietnam and Japan firms ink gas deal as Hanoi looks beyond coal

JXTG and Petrolimex will explore building LNG receiving stations and joint procurement

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lundi 4 février 2019

Vietnam may favor higher Bach Ho crude exports, more WTI imports

Vietnam's petroleum trade balance sheet may look a lot healthier this year as the country is poised to export more of its premium low sulfur crude oil, while shifting domestic refinery feedstock choices to highly economical US crude.

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lundi 7 janvier 2019

Challenges ahead for Vietnam’s petroleum

Vietnam’s petroleum sector faces depleting oil reserves and fierce international competition.

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vendredi 30 novembre 2018

Vietnam and Russia expand joint South China Sea gas projects

Moves to ease dependence on Beijing threatens to sharpen regional conflict

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mercredi 8 août 2018

Biggest Vietnam oil refinery boosts output as defects fixed

The biggest oil refinery in one of Asia’s fastest-growing economies is ramping up production and expects to run at full capacity in September after a 16-month delay due to faulty construction, its general director said.

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jeudi 7 juin 2018

Vietnam's second refinery to be fully operational by early august

Vietnam's second oil refinery will be fully operational by early August, a senior executive at the plant told Reuters on Wednesday, significantly reducing the country's reliance on refined product imports.

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dimanche 27 mai 2018

Fuel price hike threatens inflation in Vietnam

Prices of most popular fuels surged up to 8.5 percent, after four consecutive hikes since the beginning of this year.

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vendredi 25 mai 2018

Chinese claims in South China Sea overlap with Vietnam’s oil projects

Some oil blocks off Vietnam’s sprawling coastline fall within an area of the South China Sea demarcated by China’s “nine-dash line,” the basis for Beijing’s controversial claims to most of the resource-rich waterway.

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vendredi 23 mars 2018

South China Sea : Vietnam 'scraps new oil project'

Vietnam has cancelled a major oil project in the South China Sea for the second time in a year, in the wake of Chinese pressure, the BBC has learned.

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jeudi 8 mars 2018

Vietnam revokes $3.2 billion oil refinery project license

Vietnam has revoked the investment license for a foreign-owned $3.2-billion oil refinery project in the country’s central province of Phu Yen, a local government official told Reuters on Thursday.

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mardi 27 février 2018

Vietnam's Nghi Son oil refinery ready for start-up from Feb. 28

Vietnam’s second oil refinery, Nghi Son Refinery and Petrochemical, will be ready for start-up from Feb. 28, its parent firm Vietnam Oil and Gas Group, or PetroVietnam ,said on Monday.

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mardi 30 janvier 2018

Vietnam's crude oil export down, petrol import up in January

Vietnam exported 400,000 tons of crude oil worth 191 million U.S. dollars in January, posting respective year-on-year declines of 21.4 percent and 13 percent, according to the country's General Statistics Office on Tuesday.

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mardi 19 décembre 2017

Vietnam orders prosecution of oil firm official in corruption crackdown

Vietnamese police have ordered the prosecution of an official at scandal-hit state energy firm PetroVietnam over financial losses, the Ministry of Public Security said on Tuesday.

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mardi 12 décembre 2017

Vietnam fuel distributors to shift to ethanol blend this week

Vietnam’s biggest fuel distributors said they would complete a shift to an ethanol-blended product by Friday as part of a government programme to promote a more eco-friendly fuel.

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lundi 11 décembre 2017

What's behind Vietnam's corruption crackdown ?

Vietnam’s crackdown on high level corruption has led to the arrest of dozens of officials from state oil firm PetroVietnam and the banking sector.

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mardi 5 décembre 2017

As Vietnam grows, oil demand and exports will increase

Opportunities for Middle East crude producers and Vietnamese providers of fruits and other goods

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vendredi 18 août 2017

Vietnam crude oil imports to hit record as refinery gets ready to start

Vietnam's crude oil imports will soar to record highs in August as the country ramps up fuel refining at a time when local crude output is dwindling.

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lundi 14 août 2017

Drilling ship leaves Vietnam oil block after China row

The drilling ship at the center of a row between Vietnam and China over oil prospecting in disputed waters in the South China Sea has arrived in waters off the Malaysian port of Labuan, shipping data in Thomson Reuters Eikon showed on Monday.

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jeudi 3 août 2017

Repsol says drilling suspended on Vietnam oil block disputed by China

Spain's Repsol said it had suspended oil drilling in a block off Vietnam, where the prospecting in South China Sea waters claimed by China had infuriated Beijing and brought Chinese pressure on Vietnam to stop.

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mardi 25 juillet 2017

China reportedly threatens Vietnam into ending energy exploration in South China Sea

Vietnam stopped a company from exploring for energy in contested waters of the South China Sea after taking threats from Beijing, the BBC reported early on Monday.

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mercredi 18 janvier 2017

Vietnam opens door for foreign investment with power sale

Vietnam’s government is looking to sell a significant stake in a local power company to foreign investors, the latest effort by the Communist nation to open up its economy, a senior official says.

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lundi 26 décembre 2016

How high is the petroleum consumption in Vietnam ?

The Ministry of Industry and Trade has said that it could not find exact statistics about the annual consumption of petroleum products in Vietnam when it was drafting the program on the crude oil and petroleum product storage system.

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dimanche 11 décembre 2016

Vietnam invites India to explore energy in South China Sea

Highlighting India’s importance as a regional power, Vietnam has urged New Delhi to intensify economic engagement with Southeast Asia.

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samedi 17 septembre 2016

Vietnam arrests former PetroVietnam executives

Four former top brass from Vietnam’s state-run oil and gas giant PetroVietnam have been arrested for allegedly costing the firm nearly US$150mil (RM622mil) in losses, the government said Friday.

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mercredi 27 juillet 2016

Vietnam province scraps $20 billion refinery project with Thai PTT

Vietnam's Binh Dinh province has scrapped a $20 billion refinery and petrochemicals plant with Thai oil company PTT due to delays in getting construction of the project going, a provincial industry official said on Tuesday.

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vendredi 8 avril 2016

Vietnam tells China to remove oil rig from disputed waters

Vietnam’s government on Thursday said it had told China to pull an oil rig from waters between the two countries that haven’t been demarcated and urged Beijing not to drill for oil or gas in the area.

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