Vietsovpetro to invest $28 mln to further exploit White Tiger oil field

Vietsovpetro to invest $28 mln to further exploit White Tiger oil field

Vietnam-Russia joint venture Vietsovpetro plans to invest $28 million in further exploitation of the Bach Ho (White Tiger) oil field in Block 09-1 offshore Vietnam.

Energy - Mon, May 6, 2024 | 5:41 pm

Petrovietnam eyes $2.5 bln LNG investment in Vietnam central province

Petrovietnam eyes $2.5 bln LNG investment in Vietnam central province

State-owned oil and gas group Petrovietnam plans to invest $2.5 billion in LNG facilities in the central province of Ha Tinh, a Petrovietnam delegation led by chairman Le Manh Hung told Ha Tinh authorities on Sunday.

Energy - Mon, May 6, 2024 | 11:06 am

PV Gas takes delivery of third LNG batch to meet rising power demand

PV Gas takes delivery of third LNG batch to meet rising power demand

PV Gas, the gas production arm of state-owned Petrovietnam, has taken delivery of its third batch of liquefied natural gas (LNG) to meet demand for power generation as the country battles to cope with a prolonged heat wave.

Energy - Thu, May 2, 2024 | 10:52 am

Gasoline retailer PVOIL posts $11.8 mln pre-tax profit in Q1

Gasoline retailer PVOIL posts $11.8 mln pre-tax profit in Q1

PVOIL, a subsidiary of state-run giant Petrovietnam, recorded a consolidated pre-tax profit of VND300 billion ($11.83 million) in the first quarter of 2024, up 5% year-on-year, said its leadership.

Companies - Fri, April 26, 2024 | 7:59 am

Petrovietnam Gas aims to supply $2 bln LNG power plant in northern Vietnam

Petrovietnam Gas aims to supply $2 bln LNG power plant in northern Vietnam

PV Gas, a subsidiary of state-owned Petrovietnam, aims to supply LNG to the $2-billion Thai Binh LNG-to-power plant project in the northern province of Thai Binh, the firm told provincial authorities on Tuesday.

Energy - Wed, April 17, 2024 | 3:17 pm

PV Gas receives second LNG delivery for power generation

PV Gas receives second LNG delivery for power generation

PV Gas, a subsidiary of state-owned Petrovietnam, received its second load of 70,000 tons of liquefied natural gas (LNG) at its port in Vietnam’s southern province of Ba Ria-Vung Tau on Thursday.

Energy - Fri, April 12, 2024 | 4:03 pm

PV Gas to supply LNG for power production

PV Gas to supply LNG for power production

PV Gas, a subsidiary of state-owned Petrovietnam, is set to supply 70,000 tons of LNG to state utility Vietnam Electricity (EVN) for power production, starting mid-April, PV Gas said Tuesday.

Energy - Thu, April 11, 2024 | 3:43 pm

Phu My Fertilizer estimates $12 mln in Q1 pre-tax profit

Phu My Fertilizer estimates $12 mln in Q1 pre-tax profit

Petrovietnam Fertilizer and Chemicals Corporation (Phu My Fertilizer) expects to earn VND3.3 trillion ($132 million) in revenue and VND300 billion ($12 million) in pre-tax profit in the first quarter of 2024, exceeding both targets, according to CEO Phan Cong Thanh.

Companies - Wed, April 10, 2024 | 8:12 am

Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants

Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants

PetroVietnam Power (PV Power) has reached agreement for a $300 million short-term loan from the U.S.’s Citibank and the Netherlands-based bank ING for developing Vietnam’s first LNG power plants.

Energy - Tue, April 9, 2024 | 6:14 pm

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, April 8, 2024 | 4:33 pm

Gasoline retailer PVOIL hit by ransomware attack

Gasoline retailer PVOIL hit by ransomware attack

PVOIL, a subsidiary of state-run giant Petrovietnam, was attacked by hackers at 0:00 on Tuesday, causing its website, email, payment application and electronic invoices to shut down.

Companies - Tue, April 2, 2024 | 5:07 pm

Dung Quat refinery set for $1.49 bln expansion to increase output by 16%

Dung Quat refinery set for $1.49 bln expansion to increase output by 16%

Binh Son Refining and Petrochemical JSC (BSR), the operator of Dung Quat oil refinery and a subsidiary of state-owned Petrovietnam, is set to spend VND36,397 billion ($1.49 billion) on expanding the refinery.

Energy - Mon, April 1, 2024 | 10:37 am

Phu My Fertilizer to pay 2023 cash dividends at 20%

Phu My Fertilizer to pay 2023 cash dividends at 20%

Petrovietnam Fertilizer and Chemicals Corporation (Phu My Fertilizer) plans to pay cash dividends at a rate of 20%, equivalent to VND783 billion ($31.32 million), in 2023.

Companies - Mon, April 1, 2024 | 8:08 am

Petrovietnam Gas to receive 70,000 tons of LNG from QatarEnergy LNG next month

Petrovietnam Gas to receive 70,000 tons of LNG from QatarEnergy LNG next month

QatarEnergy LNG, the biggest LNG producer in the world, is set to deliver 70,000 tons of LNG to Petrovietnam Gas (PV Gas), a subsidiary of state-owned oil-gas group Petrovietnam, on April 12-13.

Energy - Fri, March 29, 2024 | 9:50 pm