PVN announces two new oil and gas fields

Tuesday, May 07, 2024

The Vietnam Oil and Gas Group (Petrovietnam) on May 6 announced the discovery of two new oil and gas fields, Rong and Bunga Aster, which coincided with the 70th anniversary of the historic Điện Biên Phủ Victory (May 7).

Construction of Đại Hùng Phase 3 starts alongside safety milestone

Thursday, Apr 25, 2024

The projections for the third phase of the Đại Hùng project are ambitious, foreseeing an oil recovery production of 22 million barrels and 21.4 billion cubic feet of gas, with an expected peak oil flow of approximately 9,000 barrels per...

PVN inks deals to supply 5.06 billion m3 of gas annually for Block B project chain

Friday, Mar 29, 2024

Petrovietnam has signed four trade agreements with partners for the crucial Block B-Ô Môn gas-power chain project, paving the way for the project implementation.

PVI Insurance partners with Petrovietnam for power plant insurance coverage

Monday, Aug 28, 2023

It signifies their cooperation in identifying a reputable market and orchestrating comprehensive insurance programmes tailored for Petrovietnam''s chain of coal power plants.

First gas pumped out of Su Tu Trang oil field in phase 2A

Sunday, Jun 20, 2021

The Oil and Gas Group (PetroVietnam) on Friday welcomed the first flow of gas from Su Tu Trang (White Lion) oil field in phase 2A.

PetroVietnam stands firm amid “double crisis”

Tuesday, Sep 22, 2020

The Vietnam Oil and Gas Group (PetroVietnam) sustained its production and business activities in the first eight months of 2020 despites many oil and gas firms around the world struggling with the “dual crisis” of COVID-19 and prolonged low oil...

PetroVietnam posts profit of over $430 million despite twin crises

Monday, Aug 10, 2020

The Vietnam Oil and Gas Group (PetroVietnam) still enjoyed profit of more than VND10 trillion (US$430.6 million) and contributed over VND38 trillion VND to the State budget in the first seven months of 2020 despite Viet Nam being hit by...

PetroVietnam’s oil equivalent output up in 5 months

Thursday, Jun 04, 2020

The Vietnam Oil and Gas Group (PetroVietnam)’s oil equivalent output reached 8.99 million tonnes in the first five months of this year, 4.4 per cent higher than its target.

Meeting talks easing difficulties for PetroVietnam, Vietnam Airlines

Friday, May 22, 2020

Prime Minister Nguyen Xuan Phuc on Thursday chaired a meeting with permanent Government members to discuss measures to tackle difficulties faced by the Vietnam Oil and Gas Group (PetroVietnam) and the national flag carrier Vietnam Airlines.

PetroVietnam records production growth but revenue reduction in Q1

Monday, Apr 06, 2020

The Viet Nam Oil and Gas Group (PetroVietnam) achieved its production target but suffered reduction in revenue due to lower crude oil prices in the first quarter of this year.

PVN estimates billions of dollars in lost revenue as oil prices crash

Thursday, Mar 19, 2020

Petrovietnam estimated a loss worth up to US$3 billion in revenue this year if crude oil prices remained at rock-bottom levels of $30-35 per barrel as in recent days.

PetroVietnam exceeds January targets

Thursday, Feb 06, 2020

The Vietnam Oil and Gas Group (PetroVietnam) surpassed many targets, including revenue and State budget contribution in the first month of 2020.

Oil firm bags nearly $4.4 billion in 2019

Thursday, Jan 30, 2020

The Binh Son Refining and Petrochemical JSC has reported gross revenue of VND102.82 trillion (nearly US$4.4 billion) last year.

Fitch Ratings assigns PetroVietnam at ‘BB’ for first time

Monday, Sep 16, 2019

Fitch Ratings has assigned the Vietnam Oil and Gas Group''s (PetroVietnam or PVN) first-time long-term foreign-currency issuer default rating (IDR) at ''BB'' with a positive outlook.

PetroVietnam posts positive revenues despite falling oil prices

Friday, Sep 06, 2019

The Vietnam Oil and Gas Group (PetroVietnam) reported positive business results in the first eight months despite falling global oil prices.