Russia's Zarubezhneft eyes Vietnam offshore wind power projects

Russia's Zarubezhneft eyes Vietnam offshore wind power projects

Russian oil-gas giant Zarubezhneft is looking to expand its operations in Vietnam to offshore wind power projects, general director Sergey Ivanovich Kudryashov told Prime Minister Pham Minh Chinh Monday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Russia's Zarubezhneft to harvest offshore Vietnam gas field from 2025

Russia's Zarubezhneft to harvest offshore Vietnam gas field from 2025

Russia’s state-owned Zarubezhneft will begin to harvest next year the 10.03 billion cubic meter Thien Nga-Hai Au gas field, 320 kilometers southeast off the southern province of Ba Ria-Vung Tau.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Renewables to make up 70% of power mix in Vietnam by 2045

Renewables to make up 70% of power mix in Vietnam by 2045

Vietnam plans to have renewables account for 15-20% of total primary energy by 2030 and the weight will be raised to 65-70% by 2045, according to the newly approved National Energy Development Strategy.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Shipping major PVTrans sets 2024 after-tax profit of $31 mln

Shipping major PVTrans sets 2024 after-tax profit of $31 mln

Shipping firm PVTrans, a subsidiary of state-owned energy giant Petrovietnam, targets to earn VND8.8 trillion ($356.7 million) in revenue and VND760 billion ($30.8 million) in after-tax profit this year, respectively down 7 % and 39% from 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s first oil refinery prepares for fifth, most comprehensive maintenance

Vietnam’s first oil refinery prepares for fifth, most comprehensive maintenance

Binh Son Refining and Petrochemical JSC (BSR), operator of Dung Quat, Vietnam’s first oil refinery, will conduct its fifth general maintenance from March 15 to May 1, or 48 days.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gasoline, oil prices fall sharply before Tet

Vietnam gasoline, oil prices fall sharply before Tet

Gasoline prices fell VND790-900 (3.2-3.7 U.S. cents) per liter and that of oil products dropped VND290-340 (1.2-1.4 U.S. cents) per liter starting 3 p.m. Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Pharos Energy records 2023 revenue of $149 mln in Vietnam

Pharos Energy records 2023 revenue of $149 mln in Vietnam

Pharos Energy recorded a revenue of $149 million from its Vietnam operations in 2023, according to the London-headquartered firm’s statement.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gasoline, oil prices up for second time since year beginning

Vietnam gasoline, oil prices up for second time since year beginning

The prices of gasoline increased VND370-550 (1.5-2.2 U.S. cents) per liter and those of oil products rose VND200-490 (0.8-2 U.S. cents), starting 3 p.m. Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam increases gasoline, oil prices over global shortages

Vietnam increases gasoline, oil prices over global shortages

The prices of gasoline increased VND20-40 (0.08-0.16 U.S. cents) per liter and that of oil products rose VND320-380 (1.3-1.6 U.S. cents), starting 3 p.m. Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Industry and trade ministry shows loose gasoline management: Gov’t Inspectorate

Industry and trade ministry shows loose gasoline management: Gov’t Inspectorate

The Ministry of Industry and Trade’s insufficient inspections and loose management have resulted in the appropriation of the petrol price stabilization fund and violations in gasoline business licensing, announced the Government Inspectorate on Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gasoline, oil prices down

Vietnam gasoline, oil prices down

Each liter of gasoline was cut by VND500-670 (2.3-2.8 U.S. cents), while oil products decreased by VND190-470 (0.78-1.9 U.S. cents), starting at 3 p.m. Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas pays cash dividends of 30-40%

PV Gas pays cash dividends of 30-40%

PV Gas, a subsidiary of state-owned Petrovietnam, has emerged as a bright spot amid the economic gloom, having accumulated nearly VND40 trillion ($1.65 billion) as of September 30 and paying regular cash dividends of 30-40% each year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korea firm SK Earthon discovers crude oil off southeast Vietnam

Korea firm SK Earthon discovers crude oil off southeast Vietnam

SK Earthon, an exploration and production (E&P) subsidiary of South Korean chaebol SK Group, has discovered crude oil in the Block 16-2 off Vietnam's southeast coast.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bright outlook for Vietnam oil and gas stocks

Bright outlook for Vietnam oil and gas stocks

Vietnam’s oil and gas stocks are expected to continue to grow in the long term with positive impacts from high oil prices, expected final investment decision (FID) approval of the Block B - O Mon gas-to-power project by the end of 2023, and the new Law on Oil and Gas.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gasoline prices down after two hikes

Vietnam gasoline prices down after two hikes

Gasoline prices in Vietnam dropped VND340-390 (1.6 U.S cents) per liter and oil products by VND620-1,060 (4.3 U.S cents) per kilogram or liter, starting at 3 p.m. Monday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Murphy Oil targets 2026 first oil from Vietnam’s Lac Da Vang oilfield

Murphy Oil targets 2026 first oil from Vietnam’s Lac Da Vang oilfield

The U.S.-headquartered Murphy Oil Corporation expects to achieve first oil at the Lac Da Vang field off the southern coast of Vietnam in 2026.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gasoline prices up after two drops since October 2

Gasoline prices up after two drops since October 2

Gasoline prices in Vietnam increased by VND460-470 (1.9 U.S cents) per liter and those of oil products by VND70-380 (1.5 U.S cents) per liter, starting at 3 p.m. Monday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central province to revoke land from terminated oil refinery project

Vietnam central province to revoke land from terminated oil refinery project

Phu Yen province plans to reclaim 134 hectares of land that had been designated for the Vung Ro oil refinery after the investor terminated the project.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrovietnam unit begins drilling work in Thailand

Petrovietnam unit begins drilling work in Thailand

Petrovietnam subsidiary PV Drilling has begun work at Block G6/48, Rossukon Conventional Oil Field, Gulf of Thailand, the company announced Monday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nghi Son oil refinery beats maintenance schedule

Nghi Son oil refinery beats maintenance schedule

Maintenance work at the Nghi Son oil refinery in Thanh Hoa province, central Vietnam was completed Wednesday, seven days ahead of the 55-day schedule.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Beer-maker dethrones steelmaker as biggest domestic tax payer in central Vietnam province

Beer-maker dethrones steelmaker as biggest domestic tax payer in central Vietnam province

Saigon-Ha Tinh Beer has surpassed Taiwan-invested Formosa Ha Tinh Steel Corporation (FHS) to become the biggest Jan-Sept domestic taxpayer in the central province of Ha Tinh.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrovietnam posts $1.7 bln profit in Jan-Sep, beating 2023 target

Petrovietnam posts $1.7 bln profit in Jan-Sep, beating 2023 target

State-owned national oil and gas group Petrovietnam made a total pre-tax profit of VND42.5 trillion ($1.74 billion) on revenue of VND643.2 trillion ($26.32 billion) in the first nine months of 2023.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gasoline prices fall for first time since July 21

Vietnam gasoline prices fall for first time since July 21

Retail gasoline prices in Vietnam were reduced by VND690-900 ($0.04) per liter on Monday, marking the first reduction after seven consecutive hikes since July 21.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gasoline prices up for 7 straight times in two months

Vietnam gasoline prices up for 7 straight times in two months

Retail gasoline prices in Vietnam were raised by VND140-630 ($0.03) per liter on Thursday, the seventh hike since July 21.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam approves US Murphy Oil to run development plan at Lac Da Vang field

Vietnam approves US Murphy Oil to run development plan at Lac Da Vang field

Murphy Oil Corporation, headquartered in Texas, the U.S., has received approval from the Vietnamese government to advance a field development plan at the Lac Da Vang oilfield in the southern region.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gasoline prices raised for sixth time since July 21

Vietnam gasoline prices raised for sixth time since July 21

Retail gasoline prices in Vietnam were raised by VND140-270 ($0.01) per liter on Tuesday, the sixth hike since July 21.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gasoline prices hiked for fourth time since July 21

Vietnam gasoline prices hiked for fourth time since July 21

Retail gasoline prices in Vietnam were raised by VND510-610 ($0.03) per liter on Monday, the fourth hike since July 21.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gasoline prices hiked for third time since July 21

Vietnam gasoline prices hiked for third time since July 21

Retail gasoline prices in Vietnam were raised by VND30 per liter on Friday, the third hike since July 21.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam targets 118 mln tons of bauxite a year in minerals exploitation plan

Vietnam targets 118 mln tons of bauxite a year in minerals exploitation plan

Vietnam plans to exploit 114.5 million tons of bauxite yearly in 2021-2030 and increase this to 118 million tons a year in 2031-2050, the Ministry of Industry and Trade announced Wednesday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gasoline prices hiked for second time since July 21

Vietnam gasoline prices hiked for second time since July 21

Retail gasoline prices in Vietnam were raised by VND1,160-1,170 ($0.05) per liter on Tuesay, the second hike since July 21.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nghi Son oil refinery to pause operations for maintenance

Nghi Son oil refinery to pause operations for maintenance

The Nghi Son oil refinery will pause operations for 55 days starting August 25, as it undergoes its first major maintenance after five years of operation.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gasoline, oil rise in Vietnam’s latest fuel price adjustment

Gasoline, oil rise in Vietnam’s latest fuel price adjustment

Retail gasoline prices in Vietnam were raised by VND1,220-1,300 ($0.05) per liter on Friday, while the diesel oil price went up by VND890 ($0.04).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam approves $11.4 bln fuel storage development plan

Vietnam approves $11.4 bln fuel storage development plan

The Vietnamese government has approved a master plan to develop the national oil and gas storage system by 2030 with an estimated investment of VND270 trillion ($11.42 billion).

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gasoline mixed, oil rises in Vietnam’s latest fuel price adjustment

Gasoline mixed, oil rises in Vietnam’s latest fuel price adjustment

The latest fuel price adjustments that took effect Tuesday saw the price of RON 95-III gasoline go up and E5 RON 92 fall slightly, but that of oil climbed by VND400-600 per liter.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gasoline price drops for first time in 20 days

Vietnam gasoline price drops for first time in 20 days

Retail gasoline prices in Vietnam decreased by VND400-590 ($0.02) per liter on Monday, the first drop after two consecutive unchanges since June 12.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7