PetroVietnam Gas has signed a milestone $1bn business co-operation contract with Chevron of the US, Japan’s Mitsui and Thailand’s PTT to build and operate a pipeline running from the gas fields off Vietnam’s southern coast to the Mekong Delta. The project will help Vietnam in its efforts to reduce its dependence on energy imports. Vietnam [...]
The Vietnamese Ministry of Industry and Trade has publicize a method to calculate prices of oil products in the domestic market since March 8, according to the MoIT. Accordingly, import prices quoted on Singapore market, import tax rates, contributions of traders to the national price stabilization fund, oil product fees and current retail oil product [...]
The construction of an industrial gas separation plant with a capacity of 110 tonnes a day commenced in the Thang Long II Industrial Park in the northern province of Hung Yen yesterday. On an area of over 1,000 square metres, this is the biggest ever industrial gas separation plant in the northern provinces, with a [...]
The Petroleum Technical Service Corporation (PTSC) is preparing for the installation of an underwater intra-pipeline network worth 57 million USD for the Dai Hung offshore oil field. The corporation will cooperate with J. Ray McDermott (JRM), a leading worldwide marine solutions company, to undertake the work, which includes designing, engineering, procurement, and operation, following a [...]
An EPCI (Engineering, Procurement, Construction, and Installation) contract on underground linkage of the infield soft pipeline system has been signed by the Petroleum Technical Services Corporation (PTSC) and the Dai Hung Petroleum Company. The company belongs to the PetroVietnam Exploration and Production Corporation (PVEP) The EPCO bid package lies in the second phase of the [...]
The Vietnam National Oil and Gas Group (Petrovietnam)’s oil and gas service field posted a record growth rate in 2009 with a total value of nearly VND 40 trillion. This is announced at its March 6 conference to review one year of deploying the implementation of its resolution on bring into full play its inner [...]
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