Petrovietnam units sign LNG supply deal for trial run of Vietnam’s first LNG power plants

Petrovietnam units sign LNG supply deal for trial run of Vietnam’s first LNG power plants

PV Power and PV Gas, two units of state-owned Petrovietnam, have signed an LNG supply deal for trial operation of Nhon Trach 3 and Nhon Trach 4, Vietnam’s first LNG-to-power plants.

Energy - Thu, November 21, 2024 | 4:40 pm

Vietnam’s first LNG-fired power plants to enter commercial operation in Jun-Sept 2025

Vietnam’s first LNG-fired power plants to enter commercial operation in Jun-Sept 2025

Nhon Trach 3 and Nhon Trach 4, Vietnam’s first LNG-to-power plants, will begin commercial operations in June and September 2025, respectively, says project investor PV Power.

Energy - Sat, November 16, 2024 | 3:20 pm

Saudi Aramco seeks to invest in Vietnam, partner with Petrovietnam

Saudi Aramco seeks to invest in Vietnam, partner with Petrovietnam

State-owned Saudi Arabian Oil Group (Aramco), the world’s largest oil producer, is eyeing to invest in petrochemical-oil refining and petroleum distribution in Vietnam, said president and CEO Amin Hassan Nasser.

Energy - Wed, October 30, 2024 | 11:01 am

Vietnam’s PV Gas, Russia’s Zarubezhneft to further core area cooperation

Vietnam’s PV Gas, Russia’s Zarubezhneft to further core area cooperation

PV Gas, under state-owned Petrovietnam, and Russia’s state-owned Zarubezhneft will further cooperate in oil-gas and energy activities, the former said on Monday.

Energy - Tue, October 29, 2024 | 3:05 pm

Vietnam targets 'fair' prices for gas-fired power, prepares 'first gas' from Block B in 2026

Vietnam targets 'fair' prices for gas-fired power, prepares 'first gas' from Block B in 2026

As Vietnam prepares to receive “first gas” from Block B-O Mon gas-to-power project in 2026, project participants should negotiate a “suitable” power price on the basis of “fair share of risks and benefits” for the State, businesses, and the people, says Prime Minister Pham Minh Chinh.

Energy - Tue, October 22, 2024 | 10:54 am

US firm Murphy Oil, PTSC begin building platform for oil exploitation offshore Vietnam

US firm Murphy Oil, PTSC begin building platform for oil exploitation offshore Vietnam

Murphy Cuu Long Bac Oil Co, Ltd. (MCB) and PTSC Mechanical & Construction (PTSC M&C) have held the first-cut ceremony to build a central processing platform for activities at Block 15-1/05 offshore Vietnam.

Energy - Sat, October 19, 2024 | 2:44 pm

Fitch affirms Petrovietnam rating at 'BB+' with stable outlook

Fitch affirms Petrovietnam rating at 'BB+' with stable outlook

Fitch Ratings on Wednesday affirmed the long-term foreign-currency issuer default rating (IDR) of national oil-gas group Petrovietnam at "BB+" with a "stable outlook."

Companies - Fri, October 18, 2024 | 9:22 am

Phu My fertilizer wins Vietnam’s golden brand award

Phu My fertilizer wins Vietnam’s golden brand award

A fertilizer produced by Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo) – NPK Phu My 20-10-10+TE – has been awarded the "Vietnam Golden Agricultural Brand 2024" title.

Companies - Wed, October 16, 2024 | 1:32 pm

Vietnam's first LNG-to-power project inks power purchase agreement

Vietnam's first LNG-to-power project inks power purchase agreement

PV Power, a subsidiary of state-owned Petrovietnam, has signed a power purchase agreement (PPA) with an unit of state utility Vietnam Electricity (EVN) for output from the Nhon Trach 3 and Nhon Trach 4 power plants.

Energy - Sat, October 5, 2024 | 8:17 pm

Vietnam's state-owned energy giants EVN, PVN reach LNG supply deal for power plant

Vietnam's state-owned energy giants EVN, PVN reach LNG supply deal for power plant

PV Gas, the gas arm of Petrovietnam (PVN), and Vietnam Electricity (EVN) on Friday signed a memorandum of understanding on LNG supply for the Quang Trach II LNG-to-power plant in the central province of Quang Binh.

Energy - Sat, October 5, 2024 | 7:37 pm

‘Win game in second half:’ Norway’s energy giant Equinor urged to rethink Vietnam exit

‘Win game in second half:’ Norway’s energy giant Equinor urged to rethink Vietnam exit

Vietnam’s Deputy Minister of Industry and Trade Nguyen Hoang Long has expressed hope that Norway’s state-owned energy firm Equinor will reverse its decision to leave the country.

Energy - Sat, October 5, 2024 | 3:31 pm

Foreign players return to net buying shares on Hanoi Stock Exchange in Sept

Foreign players return to net buying shares on Hanoi Stock Exchange in Sept

Foreign investors became net buyers of shares on the Hanoi Stock Exchange (HNX), Vietnam’s smaller bourse, after two months of net selling.

Finance - Thu, October 3, 2024 | 9:48 am

Fertilizer major PVFCCo inaugurates classroom building for Quang Binh province school

Fertilizer major PVFCCo inaugurates classroom building for Quang Binh province school

Petrovietnam and its subsidiary PVFCCo recently inaugurated a two-story building with six classrooms for Quang Tien Secondary School in Quang Binh province, central Vietnam.

Companies - Wed, October 2, 2024 | 2:33 pm

U.S. firm Murphy Oil to deploy multilateral well technology in Vietnam

U.S. firm Murphy Oil to deploy multilateral well technology in Vietnam

U.S.-headquartered Murphy Oil Corporation is set to become the first firm to deploy multilateral wells in Vietnam, a technology suited to offshore and subsea operations, a Petrovietnam statement said Tuesday.

Energy - Wed, October 2, 2024 | 1:57 pm