Petrovietnam: Strengthening prevention and control measures in the situation of Covid-19 epidemic outbreak

With the determination to ensure absolute safety, not to disrupt production and business activities in the situation of Covid-19 epidemic outbreak, Vietnam National Oil and Gas Group (Petrovietnam) set the epidemic prevention and control as a key task and it is thoroughly implemented to all member units and employees of the whole Group.

Fitch Ratings raises Petrovietnam’s outlook to “Positive”, rates independent credit at “BB+”

On 7th April 2021, Fitch Ratings, the world’s leading credit rating agency, raised the outlook of Vietnam National Oil and Gas Group (Petrovietnam) from “Stable” to “Positive”, rated Petrovietnam Standalone Credit Profile (SCP) at “BB+”, and long-term Issuer Default Rating (IDR) at “BB”.

Petrovietnam overfulfills financial targets of the first Quarter of 2021

On 7th April 2021 in Hanoi, Mr. Le Manh Hung – President and CEO of Vietnam Oil and Gas Group (Petrovietnam) chaired the regular online meeting with leaders of member units on the business results in March, the first Quarter and preparing for the work plan in April as well as the next quarters. In the first Quarter of 2021, the business and investment activities of Petrovietnam continued to be stable, consolidated financial targets of the entire Group were over-fulfilled, the amount contributed to the State budget was over 19,000 billion dong.

VPI and GICON® collaboration in the R&D of new technologies in Vietnam

On 29 March 2021, an online ceremony was held for the signing of the Memorandum of Understanding between the Vietnam Petroleum Institute (VPI), represented by Dr. Nguyen Anh Duc, General Director of VPI, and Großmann Ingenieur Consult GmbH (GICON®), represented by Dr. Hagen Hilse, Managing Director of GICON®.

PetroVietnam President and CEO Le Manh Hung meets with General Director of Japan Vietnam Petroleum Company (JVPC)

On 24th March in Hanoi, PetroVietnam President and CEO Le Manh Hung had a meeting with Mr. Yuji Kurata - General Director of Japan Vietnam Petroleum Company (JVPC).

ASCOPE attends oil capacity building program on energy security 2021

On 3rd March 2021, ASCOPE Secretary General Tran Hong Nam attended the online Oil Capacity Building Program on Energy Security, hosted by Japan Oil, Gas and Metals National Corporation (JOGMEC) in collaboration with the ASEAN Centre for Energy (ACE).

10 outstanding highlights of Petrovietnam in 2020

Congratulations on achievement of 2020 production target of Cuulong JOC

On 29th November 2020, Cuulong JOC (CLJOC) has achieved 2020 production target, which was 32 days ahead the schedule assigned by the MC for the year 2020. On this occasion, Petrovietnam’s President and CEO Le Manh Hung has had a letter to congratulate to CLJOC.

Chairman of the Board of Directors Hoang Quoc Vuong receives Vietgazprom’s leader

On 8th December 2020 in Hanoi, PetroVietnam’s Chairman of the Board of Directors Hoang Quoc Vuong welcomed and worked with Mr. Nikita F. Shut, General Director of Vietgazprom .

Petrovietnam makes great effort to fulfill 2020 target and prepares plan for 2021

By the end of November 2020, Vietnam National Oil and Gas Group (Petrovietnam) continues to maintain stable production and business activities with positive results achieved for many targets in a difficult and challenging year. In particular, 10 member units have over-fulfilled the profit target for the year 2020.

Petrovietnam attends 38th ASEAN Ministers on Energy Meeting (AMEM 38)

From 17th to 20th November in Hanoi, the Ministry of Industry and Trade hosted the 38th ASEAN Ministers on Energy Meeting (AMEM 38) and related meetings with the topic “Energy transition towards sustainable development in the ASEAN region”

Petrovietnam strives to overcome difficulties, maintain stability, safety of production and business activities to overcome difficulties, maintain

In October and the accumulated 10 months of 2020, in extremely difficult conditions, the production, business and investment activities of Vietnam National Oil and Gas Group (Petrovietnam) continued to be maintained. Up to now, Petrovietnam is one of the very few oil and gas enterprises in the world that does not lose money.

PV GAS and AES Group sign “Agreement on key terms of Joint Venture Contract for Son My LNG Port Warehouse Project”

On 28th October 2020, within the framework of the Indo-Pacific Business Forum in Hanoi, the signing ceremony of “Agreement on key terms of the joint venture contract for Son My LNG port warehouse project” was held between PV GAS and AES Group (USA).

VPI - FECON collaboration in research and development of energy infrastructure projects in Vietnam

On October 2, 2020, in Hanoi, the Vietnam Petroleum Institute (VPI) and FECON Joint Stock Company (Stock code: FCN) signed a Memorandum of Understanding (MOU) for collaboration, research and development, and joint infrastructure projects in energy in Vietnam. Dr. Nguyen Anh Duc - VPI General Director and Mr. Pham Viet Khoa - Chairman of FECON Board of Directors, on behalf of the two parties, signed this important document.

ASCOPE Secretary General attends 38th ASEAN Senior Officials Meeting on Energy

The 38th ASEAN Senior Officials Online Meeting on Energy (SOME 38) hosted by the Department of Electricity and Renewable Energy, the Ministry of Industry and Trade took place in Hanoi from 24th to 27th August 2020.

Thien Ung Field hits production milestone of 500 million m3 gas

At 1:15 am on 2nd August 2020, Vietsovpetro officially marked the event of obtaining 500 million m3 gas at Thien Ung field, Block 04-3 after nearly 4 years (1,322 days) of operation since the time of receiving the first gas and condensate flow (19th December 2016) to put into operation from well TU-6.

Petrovietnam: Overcoming the "Double Crisis", exceeding the production targets

In the first 6 months of 2020, the world economy experienced a gloomy period due to the severe impacts of the Covid-19 pandemic and the plummeting oil price. A series of major economies faced the worst recession in decades.

VPI and SPE jointly hold international workshop

An international workshop on “Mature field development and IOR/EOR technology” will be jointly organized by Vietnam Petroleum Institute (VPI) and the Society of Petroleum Engineers, from 28 - 29 September 2020 in Hanoi, VPI announced.

Petrovietnam: Respond promptly to “double crisis”

In the first 5 months of 2020, most of large groups and corporations both in the country and abroad, especially large international oil and gas companies faced difficulties and losses due to the impact of the “double crisis” from the decline in oil price and the Covid-19 epidemic, Vietnam National Oil and Gas Group (Petrovietnam) still recorded positive business results. Notably, in the first 5 months of the year, Petrovietnam contributed 28.9 trillion dong to the State Budget.

Petrovietnam continues making important contributions to the economy

Despite difficulties and challenges in the context of “dual crisis” from the Covid-19 pandemic and the decline in oil price, Vietnam National Oil and Gas Group (Petrovietnam) has recognized opportunities to consolidate the “formation”, ready for a new stage of development. The spirit of Petrovietnam is to achieve the “dual goal” in the “dual crisis”, that is to ensure effective prevention of epidemic as well as ensure production and business. This spirit has helped Petrovietnam withstand the “storm”.