oil and gas

Latest News about oil and gas

Oil fields becoming depleted, difficulties lie aheadicon
FEATURE14/11/20200

Oil fields becoming depleted, difficulties lie ahead

Oil and gas companies are struggling to cope with falling prices, oil field depletion, and difficulties in seeking new fields.

 
VN petrol and oil giants lost billions of US dollars on plunging oilicon

VN petrol and oil giants lost billions of US dollars on plunging oil

BUSINESS
13/04/2020

The revenues of PetroVietnam and Petrolimex slumped by $6.13 billion and $521.74 million this year due to the dropping oil price and the COVID-19 health crisis.

Nosediving oil price deals a blow to state budgeticon

Nosediving oil price deals a blow to state budget

BUSINESS
01/04/2020

Though the steep dive in global crude oil price will benefit domestic logistics and production, it will not be good for local petrol firms and the state budget.

PetroVietnam may buy crude oil to storeicon

PetroVietnam may buy crude oil to store

BUSINESS
01/04/2020

As Covid-19 has been escalating and the oil price has fallen, the national oil and gas group PetroVietnam is considering several possible scenarios, including mine closure. It is also considering buying crude oil to store.

New vitality for DK1 Platforms in new springicon

New vitality for DK1 Platforms in new spring

FEATURE
09/02/2020

“Despite waves and storms, we the DK rig soldiers are still here. There is no fear among DK rig soldiers who are not afraid of thunderstorms.” 

Securities company lists 9 industries that will be affected by epidemicicon

Securities company lists 9 industries that will be affected by epidemic

BUSINESS
07/02/2020

Nine industries could be negatively affected in the short term by the fallout of the coronavirus epidemic, according to SSI Securities Corp.

Vietnam-Russia cooperation in oil and gas: great opportunities aheadicon

Vietnam-Russia cooperation in oil and gas: great opportunities ahead

BUSINESS
20/01/2020

With the support of the two governments, Vietnam’s oil and gas industry is expected to continue developing strongly.

US pours money into gas industry in Vietnamicon

US pours money into gas industry in Vietnam

BUSINESS
29/11/2019

The current reserves of gas fields in Vietnam are estimated at 700 billion cubic meters, an amount that can be exploited for 40-50 years.