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Vietnam has discovered an oil field with an estimated 400 - 500mln barrels of crude
State energy firm PetroVietnam has confirmed a huge amount of gas and condensate potential in the Ken Bau near Block 114, Song Hong Basin, offshore Vietnam.
Oil Tin tức
SK Innovation to operate oil block 16-2 offshore Vietnam
The subsidiary of South Korea’s third largest conglomerate SK Group signed a deal to operate offshore oil block 16-2 off southern Vietnam, PVEP, a unit of State oil firm PetroVietnam said Thursday.
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09/07/2020 - 10:44PetroVietnam to invest in renewables amid shrinking crude oil ...
Vietnam’s state oil firm PetroVietnam is seeking to venture into renewable energy sources like wind farms and floating solar panels, as domestic crude oil production has peaked at most of offshore fields.
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08/07/2020 - 16:58Vietnam’s largest refinery seeks tax exemptions after $101mln loss on ...
Binh Son Refining and Petrochemical JSC, operator of Dung Quat Oil Refinery is seeking government’s approval for tax exemptions after a VND2.35 trillion ($101 million) loss in first quarter.
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19/06/2020 - 10:48Petrolimex targets 2020 pretax profit to fall 72% on global ...
Vietnam National Petroleum Group, known as Petrolimex (HoSE: PLX), sees 2020 pretax profit at VND1,570 billion ($67.5 million), down 72% from 2019 due to coronavirus, trade war, oil price war.
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15/06/2020 - 17:26BP takes $17.5 billion write-down, expects oil price to stay low
The coronavirus pandemic has forced the oil major to take the largest write-down in the industry in years.
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11/06/2020 - 21:59Vietnam encourages Exxon Mobil to invest in more LNG-to-power ...
US-based energy giant Exxon Mobil is studying the possibility to develop new LNG-to-power plants in Vietnam and got support from PM Nguyen Xuan Phuc, government said on Thursday.
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09/06/2020 - 16:34PVOIL targets 2020 after-tax profit at $16mln, plans to sell jet fuel
PetroVietnam Oil Corporation, which has targeted 2020 revenue at about $2.24 billion, down 35%, plans to sell jet fuel to serve the rising demand as new airlines seek permission to fly.
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13/05/2020 - 16:46Vietnam hikes retail gasoline prices after eight adjusted-down times
Vietnam increased retail gasoline prices Wednesday afternoon, after cutting prices for eight consecutive time since the international crude oil prices have plunged to their lowest in decades.
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09/05/2020 - 21:04PetroVietnam's Jan.–April crude oil production reaches 7.2mln tons, beating ...
Vietnam Oil and Gas Group produced 7.2 million tons of oil equivalent in the first four months of 2020, exceeding target by 7.7%, despite challenges caused by pandemic and oil price war.
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05/05/2020 - 10:54Petrolimex’s 1Q net loss at nearly $81mln from $51mln net income
Vietnam’s biggest petroleum retailer Petrolimex reported the biggest loss since it became a public company in 2017 due to sharp decline in gasoline prices, the company said in a consolidated earning report.
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29/04/2020 - 10:40Vietnam’s April CPI drops 1.54% to four-year low on low oil prices
Vietnam’s CPI in April fell 1.54% against March, the lowest April CPI since 2016 due to the decreasing prices of gasoline and low consumption demand as the country applied social distancing campaign.
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28/04/2020 - 15:26Petrol prices in Vietnam plummeted for the eighth time of this year
The retail prices of petrol in Vietnam plummeted from 3pm of April 28 making it the eighth consecutive reduction since the beginning of this year.
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21/04/2020 - 08:34Negative $40 oil reflects panic - and U.S. crude market economic ...
Traders desperate to avoid owning oil fled the markets on Monday, sending crude futures into negative territory for the first time ever, in recognition that coronavirus pandemic has sapped demand for fuel.
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21/04/2020 - 01:06Oil Plunges Below $5 With Traders Fleeing Expiring Contract
Oil plunged below $5 a barrel as coronavirus ravages global economies, threatening to erase an entire decade of demand growth, slashing thousands of jobs and wiping out hundreds of billions of dollars.