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Petrovietnam strengthens solutions to create carbon credits

State-run Petrovietnam and its members have implemented a series of measures to reduce greenhouse gas emissions and convert to green energy.

Southeast Asia - Thu, May 16, 2024 | 11:44 pm

Vietsovpetro crosses 250 mln ton oil production milestone

Vietsovpetro, a 51-49% joint venture between Petrovietnam and Russia’s Zarubezhneft, has passed the 250 million ton oil production milestone in Vietnamese waters after tapping the first flow in June 1986.

Companies - Thu, May 16, 2024 | 4:25 pm

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

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, 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

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

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, 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, 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

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