PetroVietnam Technical Services Corporation (PTSC) unveiled a new company branch on June 16 which specialises in geophysical exploration services for the oil and gas industry. The new branch, a 51 per cent and 49 per cent joint venture between PTSC and CGG Veritas (CGGV), provides 2D&3D (two dimensional and three dimensional) seismic acquisition services. The [...]
Vietnam National Oil and Gas Group or PetroVietnam (PVN) targets to reach total revenue of 660 trillion dong, and oil and gas drilling volume of 24.81 million tons in 2012. Last year the group reported gaining total revenue of 675.3 trillion dong, surpassing 35% of the year’s plan and increasing by 41% year on year. [...]
PV Oil Co., Vietnam’s state-owned oil-marketing company, is said to have sold 1 million barrels of Ruby and Chim Sao crude in four cargoes to BP (BP/) Plc, Royal Dutch Shell Plc (RDSA), Chevron and Petroleo Brasileiro SA, said four traders who participate in the market, declining to be identified because the information is confidential. [...]
PV Oil Co., Vietnam’s state-owned oil marketing company, offered to sell Bunga Orkid crude and Rong Doi condensate for March loading, said three trading sources who participate in the market, declining to be identified because the information is confidential. The details of the offer are as follows: ———————————————————– Crude: Bunga Orkid (Vietnam) Loading: March 4 [...]
The Ministry of Industry and Trade (MoIT) has allocated the 2012 fuel import quotas to 13 major petrol distributors. Accordingly, these distributors are allowed to import a total quantity of 10.1 million cu metres of fuel for this year with 3.48 million cu. metres of gasoline; 5.52 million cu. metres of diesel; 1 million tonnes [...]
Vietnam Oil & Gas Group, a state- owned oil producer, said revenue rose 28 percent to 320.6 trillion dong ($15.3 billion) in 2011 as it discovered new offshore oilfields and put other ones into operation. PetroVietnam, as the company is known, said crude oil output reached 15.21 million metric tons last year, equal to 101.4 [...]
The Ministry of Industry and Trade (MoIT) has provided the minimum import quota of petroleum to 13 import and export businesses in 2012. Accordingly, total import quota of different types of petroleum will be more than 10 million cubic metres including petrol, diesel, fuel oils (FO), kerosene and jet fuel. The Vietnam National Petroleum Group [...]
Vietnam Ministry of Industry and Trade issued Official Document 12052/BCT-XNK to assign the minimum petroleum import quota of 2012 to 13 traders and importers, accordingly total petrol import quota was set at 10.1 million (tonnes and cubic meters). In particular, the import quota of gasoline is 3.408 million cubic meters, diesel at 5.250 million cubic [...]
Petrolimex has identified the four employees who were recently caught stealing the company’s petrol when it was being transported from the base depot to fuel dealers. The petrol thieves are Vo Minh Toan, Vu Duc Thua, Pham Anh Tuan, and Cao Thanh Tam, Petrolimex’s deputy CEO Vuong Thai Dung told VnExpress Newswire. According to Dung, [...]
Vietnam Ministry of Industry and Trade issued Official Document 12052/BCT-XNK to assign the minimum petroleum import quota of 2012 to 13 traders and importers, accordingly total petrol import quota was set at 10.1 million (tonnes and cubic meters). In particular, the import quota of gasoline is 3.408 million cubic meters, diesel at 5.250 million cubic [...]
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