Vietnam

The Vietnamese government has approved plans by state-controlled PetroVietnam to invest US$82.5mn in Phuong Dong oil field.

Three foreign companies have been awarded exploration and production (E&P) rights at an offshore block by state-controlled PetroVietnam .

PetroVietnam Investment and Development Company (PIDC) has said it plans to expand its overseas oil exploration activities by making new contracts with Cuba and Nigeria this... 2007-02-07

US major ExxonMobil and China Petroleum and Chemical Corporation (Sinopec) are set to benefit from increased prices for their refined products following the Vietnamese government's... 2006-12-19

BP has led the new IOC charge into Vietnam, benefiting from the absence of US companies since the Vietnam War and putting its emphasis on gas, rather than oil. The company's integrated... 2006-12-01

Russian gas monopoly Gazprom and state-controlled Petrovietnam have signed an accord to step up the Russian company's involvement in Vietnam's growing gas industry. The agreement... 2006-11-21

Korea National Oil Corporation (KNOC) and state-controlled Petrovietnam have started producing natural gas from Block 11.2 offshore Vietnam. The US$300mn block covers two gas condensate... 2006-11-20

A consortium of Russian state oil company Zarubezhneft (50%), Vietnam's Petrovietnam (35%) and Japanese refiner Idemitsu Kosan (15%) has made a major oil discovery offshore Vietnam.... 2006-09-22

In an effort to attract investment by international oil companies (IOCs), Vietnam is seeking foreign investors to help build its second crude oil refinery - and will allow them to... 2006-06-23

Indian energy player ONGC Videsh Ltd (OVL) inked production sharing contracts for two blocks offshore Vietnam with national oil company PetroVietnam. OVL will operate Blocks 127 and... 2006-05-30