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).

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.

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.

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.

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.

Korea Exim Bank opens $2 billion credit line to PetroVietnam

Monday, Jun 24, 2019

The Export-Import Bank of Korea said on Sunday that it has agreed to open a US$2 billion credit line to Viet Nam’s State-owned Vietnam Oil and Gas Group (PetroVietnam) in a bid to help more South Korean companies venture into...

PetroVietnam subsidiaries raise $320.5m in IPOs

Tuesday, Aug 21, 2018

The initial public offerings of three subsidiaries of the Vietnam Oil and Gas Group (PetroVietnam) raised VND7.45 trillion (US$320.5 million) in the first half of this year, a company official said. 

PetroVietnam exceeds earnings targets

Saturday, Jun 10, 2017

The Vietnam Oil and Gas Group (PetroVietnam) reported positive results from operation in May 2017, surpassing the monthly set goals on their way to achieve their annual business targets.

Former Chairman of the Vietnam Oil and Gas Group arrested

Wednesday, Jul 22, 2015

Former Chairman of the Vietnam Oil and Gas Group (Petrovietnam or PVN) Nguyen Xuan Son was arrested on July 21, for alleged violation of state regulations.

PetroVietnam signs oil deal with Rosneft

Tuesday, May 27, 2014

Russian firm Rosneft will provide six million tonnes of oil annually via the Kozmino terminal during the 2014-39 period for the Dung Quat Oil Refinery in Viet Nam.