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Gazprom has signed a deal with PetroVietnam to get a 49 percent stake in two offshore blocks, Gazprom said on Thursday. The parties are to jointly develop two blocks, 05.2 and 05.3, which are located on Vietnam’s shelf in the South China Sea where it discovered two gas condensate deposits, Moc...
India is keen on expanding oil and gas exploration in Vietnam’s East Sea. Commerce and Industry Minister Anand Sharma, who is on a visit to the country, said that Indian investment will be beneficial for both the countries. Oil and Natural Gas Corp's overseas arm ONGC Videsh accounts for much...
Tokyo Gas Co. Ltd and Petrovietnam Gas plan to cooperation on the development of the LNG infrastructure in Vietnam. The two companies are expected to build LNG receiving terminal in response to soaring demand for energy in areas such as electricity and industrial use. In addition to development of...
ConocoPhillips has decided to sell its Vietnam energy operations to Perenco for $1.29 billion, the company said in a ststement. The US firm will sell its three wholly-owned subsidiaries that separately hold its 23.25 percent participating interest in Block 15-1, 36 percent participating interest...
Russia's TNK-BP said Thursday that it started natural gas drilling operations on Lan Do field development project offshore Vietnam. The Lan Do 2P well was spud last week. The field is located 28 kilometers east of Lan Tay Platform in Block 06.1, where TNK-BP is producing natural gas and condensate for...
Petrovietnam projects the company will produce 8.4 billion cubic metres of natural gas in 2012, up nearly 3% from this year. Petrovietnam is also raising its 2012 crude oil output target to 15.8 million tonnes, or 317,500 bpd, up 5.3% from this year, largely due to increasing overseas production, local...
Kuwait Foreign Petroleum Exploration Co., a unit of Kuwait Petroleum Corp., will drill for crude and natural gas in Vietnam next year, media reports said. The company is likely to start drilling the first well in the three blocks it owns in Vietnam since 2009. Meanwhile, state run PetroVietnam has...
Russia's TNK-BP has lodged a bid for ConocoPhillips’ assets in Vietnam, a company official said Monday. The company already has assets in the South China Sea and is keen to expand its interest in the South East Asian nation. Assets that Conoco is looking to sell include a 23.3% stake in a group...
PetroVietnam Gas Corp. is in talks to secure up to $700 million in foreign loans for a $1 billion liquefied natural gas terminal.PetroVietnam Gas General Director Do Khang Ninh told Bloomberg News that the company plans to start construction of the LNG terminal by 2012. The company is in discussions...
Vietsovpetro, the oil and gas joint venture set up by Russia and Vietnam, plans to start gas production at the Thien Ung field in the Nam Con Son basin off southern Vietnam in 2013.The field will produce 220 million cubic meters of gas a year, the Vietnam news agency quoted the company deputy general...