Malaysian FPSO supplier Yinson announced on Monday it secured a six-month extension for the bareboat charter contract for the FPSO PTSC Lam SonThe 243 meters long Lam Son FPSO, able to produce 15,000-20,000 barrels of oil per day (bopd), with a storage capacity of up to 650…
Japanese offshore drilling firm Japan Drilling Company has said that one of its jack-up drilling rigs has started a drilling operation in Vietnam.The rig, HAKURYU-11 rig has kicked off the drilling operation based on a subcontract with PetroVietnam Drilling & Well Services Corporation…
Malaysia Vietnam Offshore Terminal's FSO Golden Star has received the first condensate at the Sao Vang and Dai Nguyet (SVDN) Project offshore Vietnam.MVOT is a 51% MISC Berhad (MISC) owned joint venture with PetroVietnam Technical Services Corporation (PTSC)…
Vietnam's state oil firm PetroVietnam said on Wednesday it was on track to meet its targeted rate of production this year, despite the impact of the coronavirus pandemic and the fall in global crude oil prices.The company, formally known as Vietnam Oil and Gas Group…
Vietnam has started pumping the first gas from the Sao Vang-Dai Nguyet field off the country's southern coast, PetroVietnam Gas Corp said on Tuesday.Gas output from the field, estimated at 1.5 billion cubic metres a year and equivalent to 15% of Vietnam's total gas output in 2019…
Asia-focused oil and gas company Jadestone Energy has settled its dispute with Inpex's subsidiary Teikoku, related to Block 05-1 PSC, offshore Vietnam.Jadestone Energy earlier this year started arbitration against Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c…
Japanese offshore drilling company JDC has won a drilling contract with Mitsui Oil Exploration.JDC said that the contract was for the provision of a jack-up drilling rig 'HAKURYU-11.' According to JDC, which operates a fleet of five jack-ups…
U.K.-based Soil Machine Dynamics Limited (SMD) said it has won a multimillion-dollar contract to supply a medium-sized work class remotely operated underwater vehicle (ROV) to PTSC GEOS & SUBSEA SERVICES CO., LTD., (PTSC G&S), a subsidiary of Petrovietnam Technical Services Corporation (PTSC)…
South Korea's SK Innovation has taken over operatorship over the Block 16-2 offshore Vietnam.PetroVietnam Exploration Production Corporation (PVEP) said Thursday that the signing ceremony had been held in Hanoi on Tuesday, July 21.The offshore…
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 its offshore oil fields.The company, formally known as Vietnam Oil and Gas Group…
South East Asia focused oil and gas company Jadestone Energy has started arbitration against Inpex's subsidiary Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c, offshore Vietnam.Jadestone in August 2016 signed an agreement…
PetroVietnam's net profit in the first quarter of this year likely fell 50.8% from a year earlier to 4.44 trillion dong ($188.5 million) due to low oil prices and weak demand due to the new coronavirus, Vietnam's state oil firm said on Sunday…
Vietnam Oil and Gas Group is cutting employee salaries to rein in costs as it grapples with low oil prices and a coronavirus pandemic that has infected 212 people in the southeast Asian nation, the company said on Wednesday.The move was part of efforts to cut costs by 15% to 30%…
ABS, a classification services provider to the marine and offshore industries, will provide classification for a series of 'highly innovative Self-Elevating Drilling Units (SEDU)' for Silver Eagle Global.Silver Eagle, of Manama, Bahrain, says…
Independent oil and gas company Jadestone Energy said it has formally submitted the field development plan (FDP) for its Nam Du and U Minh gas fields, offshore southwestern Vietnam, to Vietnam Oil and Gas Group (Petrovietnam), targeting first production in late 2021…
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