Petrovietnam delivers 33 offshore windfarm foundations to Orsted’s 920 MW project
State-owned Petrovietnam delivered 33 offshore windfarm foundations to Orsted on Sunday, serving the Danish offshore wind power developer’s 920 MW Greater Changhua 2b&4 project offshore Taiwan.
Petrovietnam and its technical arm Petrovietnam Technical Services Corp (PTSC) held a delivery ceremony at PTSC’s manufacturing yard in the southern coastal province of Ba Ria-Vung Tau on the day, with the participation of Prime Minister Pham Minh Chinh.
PTSC and Orsted signed an agreement on manufacturing the facilities in May 2023. The Vietnamese side has met the delivery deadline.
PTSC mobilized over 100 sub-contractors and over 80,000 tons of steel for the production. Each item weighs about 2,300 tons and has a height of 85 meters.
The project is an indicator that Ba Ria-Vung Tau province can develop into a renewable energy hub in Vietnam, according to Petrovietnam.
At the event, PTSC also signed agreements on manufacturing and supplying offshore windfarm foundations to foreign partners in the Asia-Pacific region.
PM Chinh also attended a first-cut ceremony for offshore windfarm substations supplied to the Baltica 2 project. Baltica 2 is part of the 2.5 GW Baltica Offshore Wind Farm, jointly developed by Denmark’s Orsted and Poland’s Polska Grupa Energetyczna (PGE).
The project is located in the Baltic Sea, targeting operational date from 2027 for the 1.5 GW Baltica 2 and 2030 for the 1 GW Baltica 3.
It marked the first time a Vietnamese firm has exported offshore windfarm substations to Europe.
Oil-gas activities
Regarding oil-gas activities, on the same day, Petrovietnam held a first-cut ceremony for the Block B central processing platform and a granting ceremony for the floating storage and offloading (FSO) contract for Lac Da Vang oilfield.
Block B central processing platform is a key component of Block B-O Mon gas-to-power project, a mega and long-delayed project of Vietnam with an investment of $12 billion.
The exploited gas, 433 kilometers off the coast of southern Vietnam, can reach 5.06 billion cubic meters a year and will be transported to the Mekong Delta city of Can Tho for the 3,810-MW O Mon power complex, which comprises the O Mon 1, O Mon 2, O Mon 3, and O Mon 4 power plants.
The project has an annual designed capacity of 22 billion kWh. The O Mon 1 power plant is already operational, while the O Mon 2, 3 and 4 power facilities are set to begin operations in 2026, 2027, and 2028, respectively.
Lac Da Vang oilfield is about 120 kilometers offshore Ba Ria-Vung Tau province. The FSO for Lac Da Vang oilfield has a designed capacity of 500,000 barrels of crude oil and can enter operation in the second half of 2026.
- Read More
Japanese investors interested in Vietnam’s consumer, processing and technology M&A deals: Recof exec
Japanese investors eager to expand their global footprint are particularly keen on mergers and acquisitions (M&A) in Vietnam’s consumer, processing and tech innovation sectors, says Tamotsu Majima, senior director at Recof Corporation.
Economy - Mon, December 2, 2024 | 8:00 am GMT+7
Broken rice, other Vietnamese dishes among the best rice dishes in Southeast Asia
The renowned culinary website TasteAtlas.com has announced its ranking of the best rice dishes in Southeast Asia, highlighting a variety of traditional Vietnamese dishes. Notably, cơm tấm (broken rice) secured an impressive second place, underscoring the global appeal of Vietnamese cuisine.
Travel - Sun, December 1, 2024 | 9:58 pm GMT+7
Indonesia to launch B40 biodiesel program in 2025
Indonesia will officially implement the B40 biodiesel program starting January 1, 2025.
Southeast Asia - Sun, December 1, 2024 | 9:50 pm GMT+7
Thailand plans 'grand' travel year 2025
The Thai government is gearing up for its "Amazing Thailand Grand Tourism and Sports Year 2025", with events and special privileges planned to attract more visitors.
Southeast Asia - Sun, December 1, 2024 | 9:48 pm GMT+7
Vietnamese companies raise abundant proceeds from share offerings despite gloomy market
Though the local stock market is in a downturn, many large Vietnamese companies have been able to raise abundant proceeds by offering hundreds of millions of shares to shareholders.
Finance - Sun, December 1, 2024 | 4:02 pm GMT+7
Dragon Capital favors PV Drilling’s stock for short-term trading
Dragon Capital, one of the most prominent investment fund groups in Vietnam, has been actively trading PVD shares of PV Drilling, the drilling arm of state-owned Petrovietnam, with a stake ranging from 4.9% to 5.1%.
Finance - Sun, December 1, 2024 | 2:20 pm GMT+7
Indonesia eyes to use fuel subsidy scheme to strengthen purchasing power
Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia has said that his ministry will proposed the Government a new fuel subsidy scheme that involves a combination of subsidised goods and direct cash transfer (BLT).
Southeast Asia - Sun, December 1, 2024 | 11:45 am GMT+7
HCMC-based Thuduc House appoints new CEO
Thuduc House has appointed Tran Thi Lien as general director, replacing Nguyen Hai Long who becomes its senior advisor.
Companies - Sun, December 1, 2024 | 11:39 am GMT+7
Vietnam Airlines allowed to expand chartered capital by maximum $868 mln
The Vietnamese parliament on Saturday allowed national flag carrier Vietnam Airlines to increase its charter capital by a maximum of VND22,000 billion ($868 million) by offering shares to existing shareholders.
Companies - Sun, December 1, 2024 | 9:42 am GMT+7
Nike’s Korean supplier to spend $26 mln on Lunar New Year bonuses for Vietnam workers
Changshin Vietnam, a South Korean-invested shoemaker and a supplier of Nike, plans to spend VND650 billion ($25.6 million) on Lunar New Year (Tet) bonuses for its workers.
Society - Sun, December 1, 2024 | 8:00 am GMT+7
Vietnam parliament greenlights $67 bln North-South high-speed railway project
The National Assembly, Vietnam's highest legislative body, on Saturday okayed the government's North-South high-speed railway proposal, with 443 out of 454 members voting in favor.
Investing - Sat, November 30, 2024 | 8:51 pm GMT+7
Vietnam resumes nuclear power project after 8-year pause
The National Assembly, Vietnam's legislature, has agreed to resume a nuclear power project in the south-central province of Ninh Thuan after an eight-year suspension.
Energy - Sat, November 30, 2024 | 8:20 pm GMT+7
Vietnam’s Thua Thien Hue province to become federally managed Hue city after parliament vote
Vietnam’s National Assembly approved a resolution Saturday to establish Thua Thien Hue province as Hue, a centrally-governed city, with 458 out of 461 delegates, or 95.62%, voting in favor.
Society - Sat, November 30, 2024 | 2:27 pm GMT+7
Vingroup transfers 80% stake in real estate subsidiary to foreign investors
Conglomerate Vingroup has decided to transfer an 80% stake in its real estate subsidiary, VYHT JSC, to foreign investor(s), the Vietnamese corporate giant announced in a board resolution.
Real Estate - Sat, November 30, 2024 | 2:10 pm GMT+7
Vietnam requires e-commerce platforms to pay taxes on behalf of selllers starting 2025
Starting January 1, 2025, e-commerce and digital platforms will be required to declare and pay taxes on behalf of sellers operating on their platforms, according to Vietnam's amended Law on Tax Administration.
Economy - Sat, November 30, 2024 | 1:53 pm GMT+7