Vietnam News

 

Vietnam Approves Pharos Energy's Offshore Oil Project

Sep 11, 2020

Pharos Energy said Friday it had received approval from the Prime Minister of Vietnam for the development plan of an offshore oil field in Vietnam.Pharos, until recently known as Soco International, said that the approval of what is called the TGT Full Field Development Plan represented the 'last stage of the required process.'Pharos has previously said that the plan, which includes drilling of six producer wells…

Vietnam's PM Approves $135 Billion Power Plan for 2030

May 15, 2023

HANOI, May 16 (Reuters) - Vietnam said on Tuesday it has approved a long-awaited power plan for this decade, in a move meant to boost wind energy and gas, while reducing reliance on coal.Known as PDP8, the plan aims to ensuring energy security…

Cluster of Chinese Vessels Spotted Near Russian Rig Off Vietnam

May 10, 2023

A Chinese research vessel flanked by coast guard and nearly a dozen boats on Wednesday entered a gas block operated by Russian and Vietnamese state firms, two monitoring groups said, another potential flashpoint in the South China Sea.It follows…

PetroVietnam Beats Q1 Crude Output Target

Apr 10, 2023

Vietnam's state oil firm PetroVietnam said on Monday its crude oil output was 2.6 million tonnes in the first quarter this year, 12.6% higher than its target.The figure, however, is lower than the company's crude oil output of 2.74 million tonnes in the same period last year…

Yinson Gets Charter Extension for FPSO in Vietnam

Jan 04, 2022

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…

PetroVietnam Says Annual Output Unaffected by COVID-19

Nov 25, 2020

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 Starts Gas Production from Sao Vang-Dai Nguyet Offshore Field

Nov 17, 2020

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…

Jadestone, Inpex Settle Dispute over Vietnam Offshore Block

Nov 12, 2020

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…

Delta Offshore Energy to Use Stena Tech for LNG to Power Project in Vietnam

Sep 02, 2020

Delta Offshore Energy (DOE), a company developing an offshore gas to power project in Vietnam, has signed a technology license agreement with Stena Power & LNG Solutions.Under the agreement, Stena will grant DOE a license to use its Jetty-Less…

McDermott to Provide FEED for Subsea Pipeline in Vietnam

Aug 27, 2020

Offshore engineering, construction, and services provider McDermott has won a contract with Delta Offshore Energy to provide front-end engineering design (FEED) services for a subsea gas pipeline at its Sisyphus project. The pipeline will connect a regasification platform…

Shearwater in Its First Ever Seismic Survey Offshore Vietnam

Aug 20, 2020

Norway-based seismic surveyor Shearwater GeoServices has won its first-ever contract in Vietnam.Under the contract signed with operator SK Innovation, Shearwater will be responsible for a towed streamer 3D acquisition over the offshore Block 16-2…

Red Rock to Deliver Telescopic Crane for Taiwan-bound Ørsted SOV

Aug 18, 2020

Norwegian offshore crane specialist Red Rock has recently received an order to deliver a telescopic offshore crane for an under-construction service operation vessel (SOV) being built for the Taiwanese offshore wind market.The order for the…

Pharos Energy Secures Two-Year License Extension at TGT Field

Aug 04, 2020

Pharos Energy, and oil and gas company formerly known as Soco International, has been granted a two-year license extension for the TGT offshore field license in Vietnam.The company said Tuesday the license had been formally granted to the Joint…

Eni Confirms 'Significant Hydrocarbon Accumulation' Offshore Vietnam

Jul 27, 2020

Italian oil and gas company Eni announces an exploration well has confirmed 'a significant hydrocarbon accumulation' on the Ken Bau discovery offshore Vietnam, further expanding its potential.The exploration well Ken Bau-2X, located in Block 114…

SK Innovation Takes Over Block 16-2 Offshore Vietnam

Jul 23, 2020

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…

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