Latest news

18.11.2024

Enhancing safety and proactively responding: Large-scale Emergency Drill 2024 at Nghi Son Refinery

On the morning of November 15, 2024, Nghi Son Refinery hosted its highly anticipated Large-Scale Emergency Drill, showcasing a commitment to safety and emergency preparedness.  The event drew prominent officials from the Thanh Hoa Provincial People’s Committee, including Mr. Mai Xuan Liem, Vice Chairman and Head of the Provincial Steering Committee for Fire Prevention, alongside […]

16.11.2024

NSRP engages with Thanh Hoa Party Secretary in productive discussions

On November 15, 2024, Nghi Son Refinery and Petrochemical LLC (NSRP) hosted a significant visit from Mr. Nguyễn Doãn Anh, the newly appointed Secretary of the Thanh Hoa Provincial Party, alongside a delegation from the Provincial Party and People’s Committee. The visit was marked by a warm reception from NSRP’s General Director, Mr. Kazutaka Yamato, […]

11.11.2024

NSRP’s ‘For A Cozier Winter in the Borderland’: A commitment to community care

On November 8 and 9, 2024, Nghi Son Refinery and Petrochemical LLC (NSRP) collaborated with the Quan Son District People’s Committee and the local governments of Na Meo and Son Thuy Communes to hold heartfelt awarding ceremonies as part of their “For A Cozier Winter in the Borderland” campaign. This initiative provided 465 sets of […]

11.10.2024

NSRP honored as an Exemplary Business at Thanh Hoa Province 2024 Awards Ceremony

On the occasion of the 79th anniversary of President Ho Chi Minh’s letter to the industrial and trade sector (October 13, 1945 – October 13, 2024) and the 20th anniversary of Vietnamese Entrepreneurs Day (October 13, 2004 – October 13, 2024), on the evening of October 11, the Thanh Hoa Provincial People’s Committee held a […]

07.10.2024

NSRP recognized for tax compliance excellence in 2023

On October 7, 2024, the Thanh Hoa Province Department of Tax held a conference to recognize businesses and entrepreneurs who excelled in implementing tax policies and laws throughout 2023.   Among the distinguished honorees, Nghi Son Refinery and Petrochemical LLC received a certificate of merit from the Provincial People’s Committee. This recognition highlights the company’s outstanding […]

20.09.2024

NSRP conducted community activities on Mid-Autumn Festival 2024

As the school year 2024-2025 kicks off, the joyous spirit of the Mid-Autumn Festival envelops communities across the country. In this vibrant atmosphere, NSRP proudly collaborates with local authorities and partners to bring meaningful festivities to children in need.   This year, our heartfelt Mid-Autumn Festival program aims to spread joy and warmth within the community. […]

17.09.2024

NSRP and its Trade Union, together with NSRP employees donate over VND1 billion for typhoon Yagi’s victims

In response to the call from Party and State leaders, along with the Vietnam Fatherland Front, Nghi Son Refinery and Petrochemical LLC (NSRP) and its Trade Union have generously contributed VND1 billion to assist relevant communities in recovering from the impacts of Typhoon No. 3. On the morning of September 16th, in Hanoi, Mr. Kazutaka […]

16.08.2024

NSRP welcomed members of the training class for planning officers of the 14th Central Executive Committee

On August 16, in Nghi Son, Thanh Hoa, NSRP welcomed the training class for the planning officers of the 14th Central Executive Committee (first class) to visit and work at Nghi Son refinery.   The delegation was led by Assoc. Prof. Dr Nguyen Duy Bac, Permanent Deputy Director of the Ho Chi Minh National Academy of […]

08.07.2024

NSRP hits the milestone of 200th very large crude carrier, strengthening Vietnam’s energy security

On July 5, 2024, Nghi Son Refining and Petrochemical LLC (NSRP) safely and successfully received its 200th very large crude carrier (VLCC) at its facility. The carrier, named Sea Pearl, arrived from Greece (final port Mina Al Ahmadi) and has a length of 333 meters, a width of 60 meters, and a capacity to transport […]

07.07.2024

NSRP successfully hosted the Local Vendor Workshop

On July 4th, Nghi Son Refining and Petrochemical LLC (NSRP) organized a workshop to engage and develop local businesses and suppliers. The event was attended by Mr. Nguyen Van Thi, Member of the Provincial Party Standing Committee and Standing Vice Chairman of the Provincial People’s Committee, as well as representatives from the Management Board of […]

25.06.2024

NSRP welcomed the delegation of PetroVietnam Ca Mau Fertilizer Company (PVCFC)

On the morning of June 20th, NSRP welcomed the delegation of PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC) at the refinery in Nghi Sơn, Thanh Hoa. The delegation consisted of 31 members, led by Mr. Tran Ngoc Nguyen – Chairman of Board of Directors, Mr. Nguyen Thanh Tung – Deputy General Director, Mr. Nguyen […]

08.04.2024

NSRP donated bicycles to disadvantaged students and households in Nghi Son and Cam Thuy District

On April 5th, Nghi Son Refinery and Petrochemical LLC (NSRP) donated 160 bicycles worth over 300 million VND to disadvantaged households and students. On the morning of April 5th, NSRP held a ceremony to donate 30 bicycles to disadvantaged households in Mai Lam, Tinh Hai ward, Hai Yen commune and Nghi Son district. The ceremony […]

21.03.2024

NSRP extends congratulations to the newly appointed CEO of Vietnam Oil and Gas Group

On March 20th, the Vietnam Oil and Gas Group (Petrovietnam) held a significant ceremony to announce the appointment of Mr. Le Ngoc Son as the Deputy Secretary of the Party Committee, Member of the Board of Directors, and CEO of the Group. Mr. Le Ngoc Son, the newly appointed CEO of Petrovietnam, was born in […]

01.02.2024

NSRP delivered Tet gifts to the poor households in the local community

On the occasion of Lunar New Year 2024, from January 25 to 31, 2024, NSRP cooperated with local authorities in the surrounding communes/wards of Tinh Hai, Mai Lam, Hai Yen, Hai Thuong, and Nghi Son to deliver 165 Tet gift sets (each gift set includes 10 kg of rice and a box of necessities for […]

29.01.2024

Deputy Secretary of the Provincial Party Committee Mr. Trinh Tuan Sinh visited and presented gifts to the employees of NSRP

On the morning of January 25th, Mr. Trinh Tuan Sinh, Deputy Secretary of the Thanh Hoa Provincial Party Committee, and the delegation visited and inspected the production situation, people’s livelihood, and some business units and enterprises in Nghi Son District, including Nghi Son Oil Refinery and Petrochemical LLC. (NSRP). During the working session with Mr. […]

25.12.2023

NSRP successfully conducted the Large-scale Emergency Drill 2023

In the afternoon of December 22, Nghi Son Refinery and Petrochemical LLC. (NSRP), in collaboration with the Fire and Rescue Police Division of Thanh Hoa Provincial Public Security, organized the Large-Scale Emergency Drill 2023 at Nghi Son Refinery. Simulation: At about 15:00 on December 22, 2023, at the Poly Propylene Production Unit (Location of 061-V-302) […]

22.12.2023

NSRP Management Board welcomed the delegation of KPI Board of Directors at the Refinery and the Hanoi Office

In the morning of December 20th, the KPI Board of Directors delegation visited the Refinery in Nghi Sơn, Thanh Hoa and discussed with the NSRP Management Board. The delegation consisted of 10 members, led by Mr. Mohammad R KH Jasem – Chairman of KPC Holdings Aruba (KPI Board of Directors), Ms. Ghada Y A E […]

22.12.2023

The delegation of KPI Board of Directors and NSRP visited and worked with the Thanh Hoa Provincial People’s Committee

On the afternoon of December 20, 2023, the delegation of KPI Board of Directors and Nghi Son Refining and Petrochemical Company LLC. (NSRP) led by Mr. Mohammad R. KH Jasem – Chairman of KPC Holdings Aruba, KPI Board of Directors visited and worked with Thanh Hoa Provincial People’s Committee. Receiving and working with the delegation, […]

11.12.2023

NSRP General Director made a speech at the Conference of Connecting Investment and Trade between Thanh Hoa Province and Italy

Within the framework of the program “Italian Days in Thanh Hoa”, on the December 8 afternoon, the Thanh Hoa Provincial People’s Committee coordinated with the Italian Embassy in Vietnam and the Italian Chamber of Commerce in Vietnam (ICHAM) to organize the conference of connecting investment and trade between Thanh Hoa province and Italy. On the […]

04.12.2023

NSRP welcomed the Japanese business delegation exploring investment opportunities in Thanh Hoa Province

In a significant development for regional economic collaboration, Thanh Hoa Province and the Center for Promotion of Investment, Trade, and Tourism, in collaboration with NSRP, organized a program to a distinguished delegation of Japanese business representatives on November 30, 2023. The delegation’s primary objective was to explore promising investment and business prospects within the province. […]

30.11.2023

NSRP awarded 514 million-valued scholarship for students in Nghi Son District and students of HUMG

In order to contribute to the development of future local human resources, NSRP has implemented Scholarship program since 2015 which foster educational opportunities for students facing financial hardship, recognize and support students who have demonstrated outstanding academic achievements. To date, 1,543 slots of scholarship have been awarded with a total value of about 7,3 billion […]

13.11.2023

Prime Minister Pham Minh Chinh paid a visit and worked at Nghi Son Refinery and Petrochemical LLC

On the morning of November 11, during the visit and working trip to Thanh Hoa province, H.E. Mr. Pham Minh Chinh, Member of the Politburo, Prime Minister of the Socialist Republic of Vietnam, visited and worked at NSRP. Accompanying the Prime Minister, from Thanh Hoa province, there was Mr. Do Trong Hung, Central Committee Member […]

11.10.2023

A series of initiatives to promote health for the local community

Under the Community Health Development (CHD) 2023 project, from August to  October 2023, NSRP collaborated with Nghi Son District Health Center (NSDHC) to continue organizing a series of activities with the goal of improving the health conditions and raising awareness about diseases prevention & control for fence-line and proximity communities including Mai Lam ward, Tinh […]

05.10.2023

NSRP conducted community activities on Mid-Autumn Festival 2023

The Mid-Autumn Festival is always a special cultural event which carries special meaning to everyone, especially children in the community. Joining with the merry and exciting atmosphere of the children nationwide to celebrate the Mid-Autumn Festival 2023, NSRP coordinated with the relevant parties and local authorities to implement a series of meaningful activities with the […]

04.10.2023

NSRP Firefighting Team commended by the Ministry of Public Security for outstanding achievement in firefighting and rescue

On September 28, 2023, NSRP Firefighting team has received a commendation from the Ministry of Public Security in a live broadcasted event to commemorate units and individuals for their outstanding contributions in firefighting and rescue activities. This event coincides with the 62nd anniversary of Fire Prevention, Fire, and Rescue Police forces (October 4, 1961 – […]

31.08.2023

NSRP successfully conducted the communication campaign for Turnaround 2023

In late July and August 2023, NSRP Social Team of Administration, Social & Community and Public Relations Department (ADSCPR) carried out the disclosure campaign for Turnaround 2023 (TA) to local authorities and nearby communities in the communes/wards of Hai Yen, Tinh Hai, Mai Lam, Hai Thuong, Hai Ha, and Nghi Son via various methods such […]

17.08.2023

A series of initiatives to promote health for local community

Under the Community Health Development (CHD) 2023 project, in July and August 2023, NSRP collaborated with Nghi Son District Health Center (NSDHC) to organize a series of activities with the goal of improving the health condition and the awareness about diseases prevention & control for fence-line and proximity communities including Mai Lam ward, Tinh Hai […]

05.07.2023

NSRP successfully achieved the conformity recertification for Group 2 products

Conformity certification to National Technical Regulation (QCVN) is the mandatory requirement for releasing Group 2 products including gasoline, diesel oil, and LPG in the domestic market, in compliance with the Law on Product Quality and the Law on Technical Standards and Regulations. All Group 2 products of NSRP including gasoline, diesel oil, and LPG have […]

19.06.2023

NSRP successfully conducted the Community Sports Event 2023

Since its inception in 2018, the NSRP Community Sports Event has become an annual cultural and sport event for the fence-line communities that helps improve exercise habits of communities, and spirit of solidarity and competition in sport activities. In addition, this kind of event has also promoted NSRP’s care for local communities’ health, culture, and […]

08.05.2023

The delegation of the Japan-Vietnam Parliamentary Friendship Alliance and Japanese enterprises visited Nghi Son Refinery and Petrochemical LLC

Within the framework of a series of activities to celebrate the 50th anniversary of diplomatic relations establishment between Vietnam and Japan, on May 7th, Thanh Hoa Provincial People’s Committee, in collaboration with the Japanese Embassy in Vietnam, organized a field trip to the Refinery of Nghi Son Refinery and Petrochemical LLC (NSRP) – the key […]

29.03.2023

NSRP sponsored the awarding ceremony to excellent students at provincial level for the year 2022-2023

Continuing the success of NSRP Scholarship program in the last 07 years, with the aim to support the education of in Nghi Son district, on the afternoon of March 17, 2023, at Nghi Son District Convention Centre in Hai Hoa ward, Nghi Son district, NSRP has awarded scholarship with a total value of 56,300,000 VND […]

15.03.2023

NSRP received the delegation of alternate members of the XIII Party Central Committee

On March 13, the delegation of 20 alternate members of the 13th Party Central Committee led by Mr. Nguyen Long Hai – Secretary of the Party Committee of the Central Enterprise Division and Assoc. Prof. Dr. Nguyen Duy Bac – Permanent Deputy Director of the Ho Chi Minh National Academy of Politics paid a visit to […]

24.02.2023

NSRP implemented the clean water supply project for local people in affected communities.

The project is designed to improve the health and living conditions through providing clean water access support to refinery’s north fence-line communities which would help enhance social acceptance and mitigate social risks. From October to December 2022, NSRP implemented Community Clean Water Support project (CCWS) to support installing a network of pipes supplying clean water […]

10.02.2023

President cum CEO of Idemitsu Kosan and the delegation paid a visit to Petrovietnam

On February 2, 2023, at the headquarter of the Vietnam Oil and Gas Group (Petrovietnam), Mr. Shunichi Kito, President and Chief Executive Officer of Idemitsu Kosan Co., Ltd. (IKC, Japan), and the delegation visited and worked with the leaders of Petrovietnam. On behalf of Petrovietnam leaders, Chairman of the Board of Directors Mr. Hoang Quoc […]

16.01.2023

NSRP delivered gifts to poor households on Tet occasion

On the occasion of Lunar New Year 2023, between January 11 and 12, 2023, NSRP cooperated with local authorities in the project-affected communes of Tinh Hai, Mai Lam, Hai Yen, Hai Thuong, and Nghi Son to deliver 181 gifts to poor households that are under particularly difficult circumstances. This activity is one of the annual […]

16.01.2023

NSRP organized the closing workshop of Community Marine Safety Zone Awareness

On December 28, 2022, NSRP cooperated with the Nghi Son Commune People’s Committee to successfully organize the closing workshop of Community Marine Safety Zone Awareness (CMSZA). The workshop witnessed the delegation of the Nghi Son district People’s Committee, Mr. Vu Trong Nam – Deputy Head of the Economic Department; from NSRP, there were Mr. Trinh Xuan […]

13.01.2023

MoIT Minister Nguyen Hong Dien and the delegation visited and worked in NSRP

On January 12, in Thanh Hoa, the delegation led by the Minister of Industry and Trade Nguyen Hong Dien had a working session with NSRP. Attending the meeting were representatives of leaders of the Commission of State Capital Management at Enterprises, Thanh Hoa Provincial People’s Committee, Vietnam Oil and Gas Group and NSRP Management.​​​​​​​ NSRP […]

02.01.2023

Minister of Industry and Trade of Laos visits Nghi Son Refinery and Petrochemical (NSRP)

On December 26, within the framework of the working visit to Vietnam, Lao Minister of Industry and Trade, Mr. Malaythong Commasit, paid a visit to NSRP. Receiving the delegation of the Lao’s Ministry of Industry and Trade (MoIT), on behalf of Vietnam MoIT, there were Mr. Do Quoc Hung, Deputy Director of the Asia-Africa Market […]

05.12.2022

NSRP successfully conducted the Community Sports Event 2022

Since its inception in 2018, the Community Sports Event sponsored by NSRP has become an annual cultural and sport event for the affected communities. This kind of event not only promotes NSRP’s care for local communities’ health, culture, and social issues, but also supports in the enhancement of social cohesion and bilateral relationships between NSRP […]

21.11.2022

NSRP marked a remarkable milestone of 365 days without lost time injury

On the afternoon of November 18, 2022, Nghi Son Refinery and Petroleum LLC (NSRP) held a ceremony to commemorate 365 safe working days, which equates to over 6.5 million safe working hours without lost time injury (LTI) This was such a remarkable and meaningful milestone to NSRP and all employees of the company as well […]

10.11.2022

NSRP awarded VND200,000,000-valued scholarships to students of HUMG and HUST

On October 27 & 28, 2022, NSRP cooperated with Hanoi University of Science and Technology (HUST) and Hanoi University of Mining and Geology (HUMG) to grant 20 scholarship slots valued of VND200,000,000 for 20 excellent students from Thanh Hoa province studying at the above-mentioned universities. Attended these two scholarships granting ceremonies were representatives of NSRP: Mr. Trinh Xuan […]

07.11.2022

NSRP organized successfully the annual Large-Scale Emergency Drill 2022

On November 3rd, 2022, in compliance with Decree 136/2021/ND-CP’s legal requirement to conduct an annual Firefighting Emergency Drill, NSRP Fire Fighting Section of HSSE Division, in coordination with the Fire and Rescue Police Department of Thanh Hoa Public Security (THFRPD), successfully conducted the annual Large-Scale Emergency Drill to strengthen the firefighting skills and tactics as […]

27.10.2022

NSRP awarded over 450 million dong-valued sponsorship slots for students in Nghi Son district

With the aim to support the education of NSRP affected communities in particular and Nghi Son district in general, following the success of NSRP scholarship program undertaken for the last years, NSRP has continued to cooperate with Nghi Son District Association for Promoting Education (NSAPE) to implement this special program to support students in affected […]

25.10.2022

Financial processing mechanism for PVN to offset prices in off-take products of Nghi Son Refinery and Petrochemical Complex Project

Source On October 24, 2022, the Government issued Decree 85/2022/ND-CP on the financial handling mechanism for the Vietnam Oil and Gas Group (PVN) when paying the price offset in the off-take of NSRP products. This Decree stipulates the financial handling for PVN when paying the price offset in the off-take of products of NSRP under […]

19.09.2022

NSRP conducted community activities on Mid-Autumn Festival 2022

In 2022, despite recovering and maintaining the “new normal” of production and business activities because of domestic and foreign market conditions as well as negative impacts from the COVID-19 pandemic, NSRP has been trying to maintain care for the neighboring community. In the joyful and exciting atmosphere to welcome the new school year of 2022-2023 […]

10.08.2022

NSRP successfully organized the Kick-off Workshop of “Small-Scaled Agribusiness Support Project 6 (SSAS6)”

On the afternoon of July 29th, 2022, the kick-off workshop of SSAS6 project was successfully organized in Mai Lam Ward’s People Committee of Nghi Son District, Thanh Hoa Province on the afternoon of July 29th, 2022. The SSAS6 project will be implemented in 10 months (from July 2022 to April 2023) with the main activities […]

10.08.2022

NSRP implemented a series of community health initiatives to promote health for local community

Under the Community Health Development 2022 project, in June and July 2022, NSRP collaborated with Nghi Son District Health Center (NSDHC) to organize a series of health development activities with the goal of improving the health for local community, particularly those who are living surrounding Nghi Son Refinery including Mai Lam, Tinh Hai wards and […]

15.06.2022

NSRP officially launched the project of “lifesaving drowning prevention in 2022”

Recently, in Thanh Hoa province in general and Nghi Son district in particular, there have been many tragic drowning cases among children, especially in the summer time. In order to contribute to reducing the risk of drowning for children in the fenceline communities, Nghi Son Refinery and Petrochemical LLC (NSRP) has cooperated with the Education […]

01.05.2022

NSRP’s electric fan donation program in the summer 2022

Social responsibility is one of Nghi Son Refinery and Petrochemical (NSRP)’s core values, we serve and care for society and communities especially those are located in the vicinity of our intended project. Over the past few years, we have always showcased our attentions to and accompany with local communities, in which disadvantaged and poor households […]

25.04.2022

Small-scale agricultural support project phase 5 has been successfully finished

After 8 month of implementation, Small Scaled Agribusiness Support Project phase 5 (SSAS5), sponsored by NSRP, has been providing both technical and in-kind support for small agribusinesses and farmers in NSRP project-affected areas (Tinh Hai, Nguyen Binh, Mai Lam wards and Hai Yen commune) in order to help them improve the efficiency of their agricultural […]

07.04.2022

NSRP joining Nghi Son District’s ceremony to honor the provincial excellent students and their coaches

Promoting lifelong learning and building a learning society are vital in the context of a rapidly changing world, especially with the strong scientific and technological influences of the fourth industrial revolution. As such, NSRP places a high attention to the education promotion. Since 2015, within Social and Community activities, NSRP has been implementing scholarship programs […]

20.03.2022

NSRP organized the kick-off workshop of “Community Health Development Project 2022”

On the morning of March 15th, 2022, the kick-off workshop for the “Community Health Development Project Y2022” sponsored by NSRP was successfully organized at the Central Hall of Nghi Son District Health Center (NSDHC). The workshop witnessed the participation of NSRP’s representatives, Mr. Trinh Xuan Duc – Deputy Section Manager, Social & Community Section, and […]

30.12.2021

The community sport event 2021 has brightened a gloomy year

Since its inception in 2018, the Community Sport Event sponsored by NSRP has become an annual gathering for the social community. This kind of event not only promotes NSRP’s care for affected communities’ health, culture, and social issues, but also supports in the enhancement of social cohesion and bilateral relationships between NSRP and our neighboring […]

27.12.2021

NSRP organizes the groundbreaking ceremony of the Biological Pond System Project

On December 17, 2021, NSRP, together with Contractor – the consortium of TTCL Vietnam and PMS, held the Groundbreaking Ceremony of the Biological Pond System Project at Area C of the Refinery. The ceremony witnessed the presence of Mr. Le Nguyen Quoc Vinh – Deputy General Manager of NSRP, representatives of NSRP Divisions, Thanh Hoa’s […]

25.12.2021

NSRP successfully implemented activities under Education Support Project 2021 (EDS 2021)

NSRP has successfully carried out the Education Support Project 2021 at 5 schools (Tinh Hai, Mai Lam primary schools, Tinh Hai, Mai Lam and Hai Yen secondary schools ) in 03 communes /wards including Tinh Hai, Mai Lam and Hai Yen with the aim of helping students develop their essential skills to adapt to vibrant […]

23.12.2021

NSRP successfully hands over the CSG project items 2021 to related beneficiaries

The Community Small Grant Project 2021 (CSG), designed and implemented from October to December 2021, is one of the projects belongs to the Strategic Social Investment Program of NSRP that aims to improve the livelihood of Mai Lam Ward people. Specifically, the project has supported to complete the functionality the Tan Thanh residential group’s Culture […]

30.11.2021

NSRP successfully organized the kick-off workshop of the Education Support Project in 2021

On November 25, 2021, the workshop to kick-off the Education Support (EDS) project in 2021, sponsored by Nghi Son Refinery and Petrochemical LLC (NSRP), was successfully organized at Mai Lam secondary school in Mai Lam ward, Nghi Son District. The workshop witnessed the participation of representatives of NSRP Social & Community Section Mr. Trinh Xuan […]

30.11.2021

NSRP tổ chức thành công hội thảo khởi động dự án Hỗ trợ giáo dục 2021

Vào ngày 25 tháng 11 năm 2021, hội thảo khởi động dự án Hỗ trợ giáo dục (EDS) 2021 do công ty TNHH Lọc Hóa Dầu Nghi Sơn tài trợ đã được tổ chức thành công tại trường THCS Mai Lâm, phường Mai Lâm, thị xã Nghi Sơn. Đến dự hội thảo gồm có đại […]

17.11.2021

NSRP granting scholarship to 10 excellent students of Hanoi University of Mining and Geology

In the past few years, NSRP have recruited many students who graduated from Hanoi University of Mining and Geology (HUMG). At the moment, there are about 270 employees are from HUMG, equivalent to 20% total numbers of employees. Recognizing that HUMG is one of potential organization on providing high quality human resource for our operation, […]

22.09.2021

NSRP celebrated Mid-Autumn Festival 2021 with the communities

Mid-autumn festival has been recognized as a great opportunity for NSRP to showcase our social cohesion, goodwill and friendship to the neighboring communities. As NSRP Social & Community Section yearly practice, several activities are conducted during this special occasion to reach out larger audiences. The activities have been receiving great appreciation and gratitude from the […]

23.08.2021

NSRP successfully organized the Kick-off Workshop of “Small-Scaled Agribusiness Support Project 5 (SSAS5)”

The kick-off workshop of “Small-Scaled Agribusiness Support Project 5 (SSAS5)”, sponsored by Nghi Son Refinery and Petrochemical LLC (NSRP), was organized successfully at the Meeting Hall of Nghi Son District , Thanh Hoa Province on the afternoon of August 20th, 2021. With representatives of local authorities, relevant functional organizations as well as project participants and […]

12.07.2021

NSRP contributed more than 76% of the total 5,556 billion tax amount of Thanh Hoa Province

Source In the first 6 months of 2021, Thanh Hoa Customs Department has tax revenue of VND 5,556 billion, of which NSRP contributed for more than 76%. In the first 6 months of 2021, Thanh Hoa Customs Department has cleared import and export goods with a turnover of more than USD 4.2 billion, reaching more […]

01.06.2021

NSRP adjusted approach of HOPE project to maximize benefits for beneficiaries.

In August 2018, Nghi Son Refinery and Petrochemical LLC (NSRP) and World Together signed a cooperation agreement to implement the Hope Project (HOPE) to support the operation of Tinh Gia Hope Center. Under the Agreement, NSRP can introduce up to 10 children with extremely difficult circumstances in the fence-line area so that the Hope Center […]

16.04.2021

NSRP organized the 13th anniversary celebration event

On April 14th, 2021, in Thanh Hoa, in cooperation with the Trade Union, NSRP held the Company’s 13th anniversary celebration event (April 14th, 2008 – April 14th, 2021) with various activities including the Marathon Challenge, Teambuilding Games and Talent Contest  at the Living Quarter. The event witnessed the presence of representatives of the Company’s Board […]

29.03.2021

NSRP donated 140 units of blood in the 2021 First Flood Donation Day

On the morning of March 26th, 2021, under the coordination of NSRP, NSRP Trade Union and Red Cross Association – Center of Hematology – Blood Transfusion, Thanh Hoa province, NSRP’s Blood Donation Day was organized for the first time in Nghi Son Refinery. More than 140 managers, leaders, officers, employees, Trade Union members, and contractors […]

26.03.2021

NSRP organized the final “Community Emergency Preparedness and Response (CEPR) Project” workshop

Over the past 5 months, the “Community Emergency Preparedness and Response (CEPR) Project” has taken place with many effective activities in improving skills to respond to emergency situations related to Nghi Son Refinery and Petrochemicals LLC (NSRP), as well as first-aid skills for local officials and communities in the Refinery’s fence-line area. On March 25th, […]

04.02.2021

Nghi Son Refinery and Petrochemical Co., Ltd (NSRP) delivered Tet gifts to poor households in Nghi Son District

Source On the occasion of new year 2021 and celebrating the Lunar New Year of the Buffalo, NSRP, in cooperation with Nghi Son District’s Fatherland Front, had delivered Tet gifts to poor families and household with difficult circumstances residing in the communes and wards of Nghi Son District. Accordingly, in order to ensure and comply […]

29.01.2021

Bringing spring-vibes early to NSRP’s employees

Not only embellishing the Tet holiday atmosphere cozier and more delightful, peach blossoms are also given many meaningful layers by the ancients. Peach blossoms are considered the quintessence of the Five Elements and able to dispel all demons and bring a peaceful and happy life. Furthermore, the peach blossoms also symbolize the fertility and bloom. It can bring a new life to the family, help everyone in the house stay […]

27.01.2021

NSRP Trade Union collaborated with PVN Trade Union to organize the program of “Xuân nghĩa tình dầu khí – Kết nối yêu thương” 2021

In the joyful and exciting atmosphere to welcome and celebreate the Lunar New Year 2021, on the evening of January 26th, 2021 at Nghi Son Economic Zone (Thanh Hoa), in collaboration with the Vietnam Oil and Gas Trade Union (PVN TU), NSRP Trade Union organized the program “ Xuân nghĩa tình Dầu khí – Kết […]

18.01.2021

Chairman of Thanh Hoa Provincial People’s Committee Mr. Do Minh Tuan paid pre-Tet visits to employees and enterprises in Nghi Son Economic Zone

Source: baothanhhoa.vn On the occasion of celebrating the upcoming Lunar New Year, on the morning of January 16th 2021, Mr. Do Minh Tuan, Deputy Secretary of Thanh Hoa Provincial Party Committee, Chairman of Thanh Hoa Provincial People’s Committee paid pre-Tet visits to officials, employees in some units operating in Nghi Son town, including Nghi Son […]

18.01.2021

NSRP held emergency evacuation drills for fence-line communities

In compliance with IFC’s standard No. 4, with the aim of improving emergency response capacity for fence-line communities of NSRP, helping people feel secure when living next to the Refinery and understand the evacuation process when an emergency occurs, from January 13th to 17th 2021, NSRP, in cooperation with the People’s Committee of Mai Lam […]

04.01.2021

NSRP successfully organized the Labor Conference for Y2020

On December 31st, 2020 at Vinpearl Hotel Thanh Hoa, Nghi Son Refinery and Petrochemical LLC. (NSRP) organized the Labor Conference of 2020, with the participation of delegates, guests and more than 100 delegates representing 1300 employees of the Company. The conference witnessed the attendance of Ms. Nghiem Thuy Lan- Chairwoman of Vietnam Oil and Gas Trade Union, Mr. […]

10.12.2020

NSRP Trade Union to organize the 1st Marathon

Bearing in mind that employee’s health is the 1st priority of the Company, NSRP Trade Union shall organize the NSRP 1st Marathon tournament for both employees and their family members to encourage them joining sport activities to enhance their health and strengthen connection among members of NSRP family. This is truly a great chance for everyone to […]

12.11.2020

NSRP successfully organized the career orientation workshops

With the aim of supporting middle and high school students in the career orientation process, identifying factors affecting career choices that are suitable for their own development capacity as well as answering other questions related to the topic “Career orientation”, from November 2nd to 11th 2020, the Social & Community Section of Nghi Son Refinery […]

30.10.2020

NSRP Trade Union organized training workshop on legal policies in 2020

Following the action plan of implementing legal policies programs in 2020 of the Vietnam Oil and Gas Trade Union to foster skills, equip knowledge for Trade Union member at all levels, improve methods and skills  for TU officers, actively contributing to build harmonious and progressive labor relations in units and enterprises; at the same time […]

09.10.2020

NSRP organized the “Community Emergency Preparedness and Response (CEPR) Project” kick-off meeting

In order to support and improve emergency response skills related to Nghi Son Refinery and Petrochemicals LLC (NSRP) for local authorities of the following communes/wards including Hai Yen, Tinh Hai and Mai Lam as well as for the local people who are living in the 4 fence-line villages including: Bac Yen (Hai Yen), Trung Son […]

02.10.2020

NSRP conducted community activities on the occasion of Mid-Autumn Festival 2020

In 2020, despite facing many difficulties in production and business activities due to effect of domestic and foreign market conditions as well as negative impacts from the Covid-19 pandemic, NSRP has been always tried to maintain care for the neighboring community. In the joyful and excited atmosphere to welcome the new school year of 2020-2021 […]

01.10.2020

NSRP organized the Level 2 Emergency Drill

On the afternoon of 29th September 2020, NSRP had organized the Level 2 Emergency Drill to test capability response of NSRP on firefighting, rescue, and medical care in case of fire. This drill can increase awareness on emergency response to NSRP employee and contractors who are working on NSRP site, provide experiences of coordination of […]

01.10.2020

NSRP successfully organized the kick-off meeting of “Education Support Project phase 4”

On the afternoon of September 29th, 2020, at Hai Yen Secondary School, Hai Yen Commune, the Social and Community Section of NSRP held a kickoff meeting of “Education Support Project Phase 4” funded by NSRP and simultaneously launched the English writing contest among: Mai Lam Secondary School, Tinh Hai Secondary School, Hai Yen Secondary School, […]

01.09.2020

Nghi Son Refinery and Petrochemical LLC granted breeding cows to vulnerable households

On 31st August 2020, Nghi Son Refinery and Petrochemical LLC (NSRP) cooperated with Nghi Son Farmers’ Union (NSFU) to grant 35 breeding cows to 35 vulnerable households in project neighboring commune/wards of Hai Yen, Tinh Hai and Mai Lam. The ceremony witnessed the attendance of Mr. Truong Ba Duyen, Deputy Party Leader cum Vice Chairman […]

29.08.2020

NSRP Trade Union supported building house for Mrs. Van Thi Thu in Kim Phu hamlet, Mai Lam ward.

Since the early stages of NSRP project, The Company has always paid special attention to poor/ disadvantaged households in the neighboring communities by carrying out various activities to support their livelihood. During our work in the communities, we have paid attention to extremely difficult households, in which Mrs. Van Thi Thu is a special case […]

27.08.2020

Nghi Son Refinery and Petrochemical LLC affirms the position and investment attraction

Source Recently, the successful sale of the first batch of Jet A1 petroleum products of Nghi Son Refinery and Petrochemical LLC (NSRP) in the domestic market and a series of large projects continued to be invested in Nghi Son Economic Zone once again affirmed the position and attractiveness from this project with record investment value. […]

13.08.2020

Nghi Son Refinery and Petrochemical LLC (NSRP) sold the first batch of Jet A-1 product in the domestic market

On August 9th, 2020, Nghi Son Refinery and Petrochemical LLC (NSRP) in Nghi Son Economic Zone, Thanh Hoa Province, Vietnam successfully released the first shipment of JET A-1 into the domestic market. Around 2,700 MT of JET A-1 of NSRP was taken by Nghi Son Refinery Distribution Branch of Vietnam Oil and Gas Group (PVNDB) […]

26.07.2020

Disclosure on “no burning garbage near NSRP fence”

With the concerns of increasing small burning garbage cases near NSRP fence recently, NSRP Social & Community Section closely cooperated with H&S Section, and Security Team to carry out the campaign of “no garbage burning near NSRP fence” disclosure to fence-line villagers to foster their awareness about the danger of illegal garbage burning and the […]

23.07.2020

NSRP scholarship program for school year 2019-2020

NSRP SCHOLARSHIP PROGRAM FOR SCHOOL YEAR 2019-2020 Continuing the success of NSRP scholarship program undertaken for the last 4 years, with the intention of supporting the education of NSRP affected communities and Nghi Son district, in 2020, NSRP has continued to cooperate with Tinh Gia Association for Promoting Education to implement the scholarship program to […]

10.07.2020

Disclosure of marine safety zone

With the concerns of increasing illegal intrusion cases to NSRP Project MSZ recently, NSRP Social & Community Section closely cooperated with Security Team to carry out the campaign of MSZ disclosure to fishermen to foster their awareness in the proximity coastal areas of NSRP project and prevent future intrusion with following key messages: (1) Safety […]

15.06.2020

NSRP carries out RHDS catalyst replacement activities

Residue hydro-de-desulfurization (RHDS) is the one of the most important units in an integrated oil refinery as NSRP. It is designed to process atmospheric residue from the Crude Distillation Unit (CDU) to produce a feedstock suitable for processing in a downstream Residue Fluid Catalytic Cracking (RFCC) – The heart of the Refinery. The RHDS and RFCC will […]

05.06.2020

International Children day celebration and First Aid training in Hope center

The Hope project is managed by NSRP in cooperation with the World Together organization to support children at extreme conditions to access better education and development opportunities as well as contribute to relieve the financial burden of the vulnerable households. Besides daily living and learning activities, the project provides exchange and celebration events for the […]

15.04.2020

100 experts to work at Nghi Son refinery quarantined

More than 100 foreign experts who are coming to work at Nghi Son Oil Refinery in Thanh Hoa Province will be quarantined. Thanh Hoa People’s Committee said they were going to receive 105 experts from CR Asia Thailand Company who come to work at Nghi Son Oil Refinery, including two from South Africa, one from […]

24.02.2020

NSRP 2020 Tet gift delivery to poor/difficult households in neighbouring communes

Since the early stages of NSRP project, The Company has always paid special attention to poor/ disadvantaged households in the neighbouring communities by carrying out various activities to support their livelihood. This practice by NSRP is highly recognized and appreciated by local communities. This year, NSRP Social and Community Section, in cooperation with Tinh Gia […]

03.02.2020

PVN appointed the Group’s Head of Petrochemical & Gas Industry Division

On February 3rd in Hanoi, Vietnam Oil and Gas Group (PVN) held a ceremony to announce and award the decision to appoint the Head of the Group’s Petrochemical & Gas Industry to Mr. Phạm Văn Chất. The ceremony had witnessed the presence of Dr. Le Manh Hung, Member of the Member Council, CEO of the […]

29.12.2019

Nghi Son complex targets sustainable development

Nghi Son Refinery and Petrochemical Complex (NSRP) has completed one year of commercial operations, meeting around 33 per cent of Vietnam’s domestic fuel demand and providing a secure supply of energy for the country’s economy. To mark this anniversary, Atsushi Yamamoto, general director of NSRP, talked with VIR’s Kim Oanh about the company’s journey so […]

12.12.2019

Nghi Son Refinery occupies third of domestic petroleum market

Vietnam’s second oil refinery produced 4.6 million tons of petroleum in its first year running, or about 33 percent of domestic consumption. Since commencing commercial operations on December 23, 2018, it has contributed VND12 trillion ($520.55 million) to the state budget, Nghi Son Refinery said in a press release. Last year, to reduce inventory pressure, the Ministry […]

19.11.2019

Announcement ceremony to grant decision of recognition of NSRP Trade Union Chairman term 2017 – 2022

On the morning of November 19th, 2019, at the conference room of Nghi Son Refinery & Petrochemical LLC (NSRP) in Tinh Gia, Thanh Hoa, a ceremony to announce and grant the decision to recognize the Chairman of NSRP Trade Union term 2017 – 2022 for Mr. La Manh Truong was held. Previously, under the direction […]

19.10.2019

NSRP’s Community Sport Event 2019

With the success of the tournaments in 2018, NSRP Community Sport Event has become a regular and joyful event for the community members to join and helped to strengthen the unity among local people. This is also a successful chance to showcase NSRP’s commitment on improving social cohesion and to enhance the relationship between NSRP […]

13.09.2019

NSRP brings an enjoyable and meaningful Mid-Autumn festival to children and communities in neighboring areas

Mid-Autumn festival is always a traditional cultural event which carries special meanings to everyone in the community. This festival is a good opportunity for gaining attention and participation from all family members and broad community, as well as an opportunity for NSRP to show our social cohesion, goodwill and friendship to neighboring communities.

05.09.2019

NSRP receives the Certificate of completion of some specific environmental protection facilities

Committing to the ultimate principle “No trade-off between environmental protection and economic growth”, NSRP always puts the environmental protection first and has invested a total of USD400 mln (Approximately VND9,000 bln) solely for the construction and installation of environmental protection facilities which apply the most advanced technologies from developed countries such as Japan, Korea, and […]

31.08.2019

Launching Community Health Development phase 3 project

As a large enterprise located in Tinh Gia district, the Nghi Son Refinery and Petrochemical LLC (NSRP) has implemented many projects over the years aiming at livelihood restoration, economic development, healthcare and education support for people affected by the NSRP project. The Community Health Development (CHD) phase 1 project was conducted from 2016, then the […]

27.08.2019

Large-scale Emergency Drill at NSRP

On the morning of 27th August 2019, as approved by Vietnam Department of Fire and Rescue Police (Ministry of Public Security) and Ministry of Industry and Trade, NSRP in cooperation with Thanh Hoa Provincial Public Security and a number of corporates in Nghi Son Economic Zone organized the Large-scale Emergency Drill to strengthen firefighting skill […]

24.08.2019

NSRP demonstrated high record at 2019’s Sport Tournament of Oil and Gas Industry in the North

On the morning of August 24th in Hanoi, the Vietnam Oil and Gas Union held the opening ceremony of the 12th Oil & Gas Culture Week and the Oil and Gas Industry Sport Tournament in 2019 on the occasion of the national holidays as well as Oil and gas industry’s anniversaries, celebrating the 74rd anniversary […]

14.08.2019

Successfully organizing the LSDG project (phase 2) final workshop

In the morning of 13rd August 2019, the final workshop of Livelihood Support for Disadvantaged Groups (LSDG) project (phase 2) was successfully organized at Tinh Gia district Conference Centre. The workshop aimed at sharing the results of the project among relevant stakeholders from village to district and provincial levels with representative from Thanh Hoa Provincial […]

10.08.2019

NSRP receives the Certificate of Completion of Environmental Protection Facilities

Committing to the ultimate principle “No trade-off between environmental protection and economic growth”, NSRP always puts the environmental protection first and has invested a total of USD400 mln (Approximately VND9,000 bln) solely for the construction and installation of environmental protection facilities which apply the most advanced technologies from developed countries such as Japan, Korea, and EU to minimize the impacts on air, water and soil environment

23.07.2019

Inter-Agency Mission Team inspected and monitored dredging and sinking of dredged material activities of NSRP

On July 22nd and 23rd, 2019 at Nghi Son Refinery & Petrochemical LLC, Inter-Agency Mission Team under Decision No. 1613 / QD-BTNMT June 26, 2019 of the Minister of Natural Resources and Environment led by Mr. Le Dai Thang – Deputy Director of Department of Resources Control and Environmental Protection of the sea and islands […]

02.07.2019

NSRP Annual Health Examination Program

In order to ensure the long-term health for employees, NSRP implements the annual health examination to identify any initial sign of disease and provide early advice for prevention or seeking medical treatment in specialized hospitals. NSRP Annual Health Examination Program was conducted from July 1st to July 10th, 2019 for a total of 1,194 employees […]

30.01.2019

The newly- built PTSC 07 ship was handed over to NSRP

On January 21, PetroVietnam Technical Services Joint Stock Company (PTSC) officially handed over a newly built ship named PTSC 07 – big Line-handing boat – one of items under the Service package supplying the tugs boat and maritime services for NSRP. From NSRP’s side, the handover ceremony witnessed attendance of Mr. Shintaro Ishida – General […]

04.01.2019

Petrovietnam Vice President Le Manh Hung welcomed leader of KPI

On the morning of January 18th, at the headquarter of Vietnam Oil and Gas Group (Petrovietnam), Vice President Le Manh Hung welcomed and worked with Mr. Azzam Al – Mutawa, Deputy General Director of Kuwait Petroleum International (KPI), Chairman of Member Council of Nghi Son Refinery and Petrochemical LLC (NSRP). Attending the meeting were Deputy […]

24.12.2018

Nghi Son refinery and petrochemical project begins commercial operation

Nghi Son refinery and petrochemical project begins commercial operation Thanh Hoa (VNA) – The Nghi Son oil refinery and petrochemical plant in the north central province of Thanh Hoa officially began its commercial operation on December 23. “The commercial operation of the project is significant to the national development in terms of politics, economy, society, security […]

30.07.2018

The Minister of Industry and Trade pay a visit to NSRP

On July 26th, Minister of Industry and Trade – Mr. Tran Tuan Anh with his delegation and Thanh Hoa provincial leaders visited NSRP project. Currently, all units of NSRP are being in commissioning stage, most of them achieved 50% of the designed capacity. The commissioning process has been safe and stable. All products meet the […]

02.07.2018

NSRP Management board paid a visit to Vietnam national union of oil and gas workers

(PetroTimes) – On June 28, at Vietnam National Union of Oil and Gas Workers (VNUOGW) Head Office (18 Lang Ha Street, Hanoi), NSRP Management Board led by General Director Mr. Shintaro Ishida paid a courtesy visit to Management Board of VNUOGW. Ms. Nghiem Thuy Lan – Member of Management Board of Vietnamese General Trade Union, […]

13.11.2024

Notice of sale plan for sale of 191.7 MT of On-spec Polypropylene

Date: 12th November 2024   NOTICE OF SALE PLAN FOR SALE OF 191.7 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0049 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 191.7 MT (+/-20% at NSRP’s option) (Packing in […]

13.11.2024

Notice of sale plan for sale of 3000 MT of On-spec Polypropylene

Date: 13th November 2024 NOTICE OF SALE PLAN FOR SALE OF 3000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0050 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 3,000 MT (+/-20% at NSRP’s option) Delivery date : […]

31.10.2024

Notice of sale plan for Sale of 16,000 MT of Sulfur (Granular)

Date: 30th October 2024 NOTICE OF SALE PLAN FOR SALE OF 16,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2024/0048 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 16,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

24.10.2024

Notice of sale plan for Sale of 8000 MT of On-spec Polypropylene

Date: 23rd October 2024 NOTICE OF SALE PLAN FOR SALE OF 8000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0047 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 8000 MT (+/-20% at NSRP’s option) Delivery date : […]

16.10.2024

Notice of sale plan for Sale of 10,000 MT of Fuel Oil

Date: 16 October 2024  NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL   Ref. No.:  HCO/RFP/2024/0046 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 5% at Seller’s option Delivery schedule: 01st – 03rd November 2024 […]

08.10.2024

Notice of sale plan for Sale of 10,000 MT of Fuel Oil

Date: 08 October 2024 NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL   Ref. No.:  HCO/RFP/2024/0045 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 5% at Seller’s option Delivery schedule: 19th – 21st October 2024 […]

25.09.2024

Notice of sale plan for sale of 8000 MT of On-spec Polypropylene

Date: 24th September 2024 NOTICE OF SALE PLAN FOR SALE OF 8000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0043 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 8000 MT (+/-20% at NSRP’s option) Delivery date : […]

25.09.2024

Notice of sale plan for sale of 10,000 MT of fuel oil

Date: 25 September 2024  NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2024/0044 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 5% at Seller’s option Delivery schedule: 06th – 08th October 2024 If […]

05.09.2024

Notice of sale plan for Sale of 8,000 MT of Sulfur (Granular)

Date: 04th September 2024 NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2024/0042 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

22.08.2024

Notice of sale plan for sale of 7000 MT of on-spec polypropylene

Date: 21st Aug 2024 NOTICE OF SALE PLAN FOR SALE OF 7000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0041 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 7000 MT (+/-20% at NSRP’s option) Delivery date : […]

14.08.2024

Notice of sale plan for sale of 16,000 MT of Sulfur (granular)

Date: 13th August 2024  NOTICE OF SALE PLAN FOR SALE OF 16,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2024/0040 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 16,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

09.08.2024

Notice of sale plan for Sale of 29,000 MT of Fuel Oil

Date: 9th August 2024 NOTICE OF SALE PLAN FOR SALE OF 29,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2024/0039 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 29,000 MT +/- 10% at Seller’s option Delivery schedule: 23rd – 25th August 2024 If […]

02.08.2024

Notice of sale plan for Sale of 8,000 MT of Fuel Oil

Date: 02 August 2024  NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2024/0038 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 8,000 MT +/- 5% at Seller’s option Delivery schedule: 13th – 15th August 2024 If […]

02.08.2024

Notice of sale plan for sale of up to 40,000 KL of Gasoline RON 95

Date: 01st August 2024 NOTICE OF SALE PLAN FOR SALE OF UP TO 40,000 KL OF GASOLINE RON 95 Ref. No.:  HCO/RFP/2024/0037 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Gasoline Ron 95 with following details: Product: GASOLINE RON 95 Quantity: Up to 40,000 KL +/- 5% at Seller’s option […]

01.08.2024

Notice of sale plan for Sale of 8,000 MT of Sulfur (Granular)

Date: 01st August 2024  NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2024/0036 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

25.07.2024

Notice of sale plan for Sale of 8,000 MT of Sulfur (Granular)

Date: 25th July 2024 NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2024/0035 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

22.07.2024

Notice of sale plan For Sale of 7000 MT of On-spec Polypropylene

Date: 19th Aug 2024 NOTICE OF SALE PLAN FOR SALE OF 7000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0034 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 7000 MT (+/-20% at NSRP’s option) Delivery date : […]

22.07.2024

Notice of sale plan for Sale of 7000 MT of On-spec Polypropylene

Date: 19th Aug 2024 Notice of sale plan For Sale of 7000 MT of On-spec Polypropylene Ref. No.: HCO/RFP/2024/0034 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 7000 MT (+/-20% at NSRP’s option) Delivery date : […]

17.07.2024

Notice of sale plan for Sale of 28,000 MT of Fuel Oil

Date: 17 July 2024 Notice of sale plan for Sale of 28,000 MT of Fuel Oil  Ref. No.:  HCO/RFP/2024/0033 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 28,000 MT +/- 10% at Seller’s option Delivery schedule: 01st – 03rd August 2024 If […]

10.07.2024

Notice of sale plan for Sale of 5,000 MT of Fuel Oil

Date: 10 July 2024 NOTICE OF SALE PLAN FOR SALE OF 5,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2024/0032 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 24th – 26th July 2024 If […]

05.07.2024

Notice of sale plan for Sale of 7000 MT of On-spec Polypropylene

Date: 05th July 2024 NOTICE OF SALE PLAN FOR SALE OF 7000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0031 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 7000 MT (+/-20% at NSRP’s option) Delivery date : […]

14.06.2024

Notice of sale plan for sale of 38,000 KL of Gasoline Ron 95

Date: 14th June 2024 NOTICE OF SALE PLAN FOR SALE OF 38,000 KL OF GASOLINE RON 95 Ref. No.:  HCO/RFP/2024/0030 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Gasoline Ron 95 with following details: Product: GASOLINE RON 95 Quantity: 38,000 KL +/- 5% at Seller’s option Delivery schedule: 25-30 June […]

03.06.2024

Notice of sale plan for Sale of 8,000 MT of Sulfur (Granular)

Date: 03rd June 2024  NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2024/0029 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

27.05.2024

Notice of sale plan for Sale of 1,800 MT +/- 5% of LPG

Date: 27 May 2024  NOTICE OF SALE PLAN FOR SALE OF 1,800 MT +/- 5% OF LPG Ref. No.:  HCO/RFP/2024/0028 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of LPG with following details: Product: LPG Delivery Term: FOB NSRP Port, Thanh Hoa, Vietnam Quantity: 1,800 MT +/-5% at Seller’s option Cargo […]

23.05.2024

Notice of sale plan for sale of 8,000 MT of On-spec Polypropylene

Date: 23rd May 2024 NOTICE OF SALE PLAN FOR SALE OF 8000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0027 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 8000 MT (+/-20% at NSRP’s option) Delivery date : […]

21.05.2024

Notice of sale plan for Sale of 8,000 MT of Sulfur (Granular)

Date: 21st May 2024 NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2024/0026 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

10.05.2024

Notice of sale plan For Sale of 5000 MT of On-spec Polypropylene

Date: 09th May 2024 NOTICE OF SALE PLAN FOR SALE OF 5000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0025 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 5000 MT (+/-20% at NSRP’s option) Delivery date : […]

08.05.2024

Notice of sale plan for Sale of 5,000 MT of Fuel Oil

Date: 07 May 2024 NOTICE OF SALE PLAN FOR SALE OF 5,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2024/0024 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 19th – 21st May 2024 If […]

03.05.2024

Notice of sale plan for Sale of 8,000 MT of Sulfur (Granular)

Date: 02nd May 2024  NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2024/0023 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

23.04.2024

Notice of sale plan for sale of 5,000 MT of fuel oil

Date: 22 April 2024 NOTICE OF SALE PLAN FOR SALE OF 5,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2024/0022 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 04th – 06th May 2024 If […]

22.04.2024

Notice of sale plan for sale of 5000 MT of on-spec polypropylene

Date: 22nd April 2024 NOTICE OF SALE PLAN FOR SALE OF 5000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0021 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity: 5000 MT (+/-20% at NSRP’s option) Delivery date: 02nd – 15th […]

09.04.2024

NOTICE OF SALE PLAN for Sale of 5,000 MT of Fuel Oil

Date: 09 April 2024 NOTICE OF SALE PLAN for Sale of 5,000 MT of Fuel Oil   Ref. No.:  HCO/RFP/2024/0020 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 21st – 23rd April 2024 […]

09.04.2024

Notice of sale plan for Sale of 8000 MT of On-spec Polypropylene

Date: 08th April 2024 NOTICE OF SALE PLAN FOR SALE OF 8000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0019 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity: 8000 MT (+/-20% at NSRP’s option) Delivery date: 15th – 30th […]

28.03.2024

Notice of sale plan for Sale of 5,000 MT of Fuel Oil

Date: 28 March 2024 NOTICE OF SALE PLAN FOR SALE OF 5,000 MT OF FUEL OIL   Ref. No.:  HCO/RFP/2024/0018 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 08th – 10th April 2024 […]

20.03.2024

Notice of sale plan for sale of 170 MT of On-spec Polypropylene

Date: 19th March 2024 NOTICE OF SALE PLAN FOR SALE OF 170 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0017 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC Quantity: 170 MT (+/-20% at NSRP’s option) Delivery date: 27th – 31st March 2024 […]

20.03.2024

Notice of sale plan for sale of the package of 167 MT Polypropylene Valuables

Date: 19th March 2024 NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 167 MT POLYPROPYLENE VALUABLES Ref. No.: HCO/RFP/2024/0016 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Polypropylene Valuables with following details: Product: 167 MT (+/- 20% at Seller’s option) of Polypropylene Valuables Delivery date: 27th […]

20.03.2024

Notice of sale plan For Sale of the package of 213 MT of Off-spec Polypropylene

Date: 19th March 2024 NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 213 MT OF OFF-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0015 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product: 213 MT (+/-20%) of Off-spec Polypropylene Delivery date: 27th – 31st March […]

19.03.2024

Notice of sale plan For Sale of 5000 MT of On-spec Polypropylene

Date: 19th March 2024 NOTICE OF SALE PLAN FOR SALE OF 5000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0014 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity: 5,000 MT (+/-20% at NSRP’s option) Delivery date: 25th – 31st […]

01.03.2024

Notice of sale plan for Sale of 5,000 MT of Fuel Oil

Date: 01st March 2024   NOTICE OF SALE PLAN for Sale of 5,000 MT of Fuel Oil   Ref. No.:  HCO/RFP/2024/0013 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 11th – 13th March […]

23.02.2024

Notice of sale plan for Sale of 8000 MT of On-spec Polypropylene

Date: 22nd March 2024 NOTICE OF SALE PLAN FOR SALE OF 8000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0012 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity: 8000 MT (+/-20% at NSRP’s option) Delivery date: 05th – 25th […]

22.02.2024

Notice of sale plan for Sale of 16,000 MT of Sulfur (Granular)

Date: 22nd February 2024 NOTICE OF SALE PLAN FOR SALE OF 16,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2024/0011 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 16,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

15.02.2024

Notice of sale plan for sale of 4000 MT of On-spec Polypropylene

Date: 15th February 2024 NOTICE OF SALE PLAN For Sale of 4000 MT of On-spec Polypropylene Ref. No.: HCO/RFP/2024/0009 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 4000 MT (+/-20% at NSRP’s option) Delivery date : […]

15.02.2024

Notice of sale plan for sale of 8,000 MT of Sulfur (Granular)

Date: 15th February 2024 NOTICE OF SALE PLAN for Sale of 8,000 MT of Sulfur (Granular) Ref. No.: HCO/RFP/2024/0010 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

15.02.2024

Notice of sale plan for sale of 5,000 MT of Fuel Oil

Date: 15th February 2024   NOTICE OF SALE PLAN for Sale of 5,000 MT of Fuel Oil Ref. No.:  HCO/RFP/2024/0008 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 23rd – 25th February 2024 […]

03.02.2024

Notice of sale plan for 5,000 MT of Fuel Oil

Date: 02 February 2024  NOTICE OF SALE PLAN for Sale of 5,000 MT of Fuel Oil Ref. No.:  HCO/RFP/2024/0007 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 13th – 15th February 2024 If […]

29.01.2024

Notice of sale plan for Sale of 8,000 MT of Sulfur (Granular)

Date: 29th January 2024 NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2024/0006 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

24.01.2024

Notice of sale plan for Sale of 5,000 MT of Fuel Oil

Date: 23 January 2024  NOTICE OF SALE PLAN FOR SALE OF 5,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2024/0005 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 03rd – 05th February 2024 If […]

24.01.2024

Notice of sale plan for Sale of 7500 MT of On-spec Polypropylene

Date: 24th January 2024 NOTICE OF SALE PLAN FOR SALE OF 7500 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0004 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 7500 MT (+/-20% at NSRP’s option) Delivery date : 05th […]

15.01.2024

Notice of sale plan for sale of 3000 MT of On-spec Polypropylene

Date: 15th January 2024 NOTICE OF SALE PLAN FOR SALE OF 3000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0003 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity: 3000 MT (+/-20% at NSRP’s option) Delivery date: 23rd – 31st […]

05.01.2024

Notice of sale plan for Sale of 5000 MT of On-spec Polypropylene

Date: 05th January 2024 NOTICE OF SALE PLAN FOR SALE OF 5000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2024/0002 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity: 5000 MT (+/-20% at NSRP’s option) Delivery date: 15th – 25th […]

04.01.2024

Notice of sale plan for Sale of 5,000 MT of Fuel Oil

Date: 03 January 2024 NOTICE OF SALE PLAN FOR SALE OF 5,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2024/0001 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 13th – 15th January 2024 If […]

18.12.2023

Notice of sale plan for sale of 5,000 mt of fuel oil

Date: 15 December 2023  NOTICE OF SALE PLAN FOR SALE OF 5,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2023/0033 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 25th – 27th December 2023 If […]

15.12.2023

Notice of sale plan for Sale of 1,800 MT +/- 5% of LPG

Date: 15 December 2023 NOTICE OF SALE PLAN Ref. No.:  HCO/RFP/2023/0032 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of LPG with following details: Product: LPG Delivery Term: FOB NSRP Port, Thanh Hoa, Vietnam Quantity: 1,800 MT +/-5% at Seller’s option Cargo size: 1,800 MT +/- 5% at Seller’s option Delivery […]

30.11.2023

Notice of sale plan For Sale of 6000 MT of On-spec Polypropylene

Date: 30th November 2023   NOTICE OF SALE PLAN For Sale of 6000 MT of On-spec Polypropylene   Ref. No.: HCO/RFP/2023/0031 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity: 6000 MT (+/-20% at NSRP’s option) Delivery date: 18th […]

29.11.2023

Notice of sale plan for Sale of 5,000 MT of Fuel Oil

Date: 29 November 2023  NOTICE OF SALE PLAN for Sale of 5,000 MT of Fuel Oil Ref. No.:  HCO/RFP/2023/0030 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 10th – 12th December 2023 If […]

28.11.2023

Notice of sale plan for Sale of 16,000 MT of Sulfur (Granular)

Date: 28th November 2023 NOTICE OF SALE PLAN FOR SALE OF 16,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2023/0030 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 16,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

28.11.2023

Notice of sale plan for Sale of 65,000 KL of Diesel Oil 50ppm and 10ppm

Date: 27th November 2023 NOTICE OF SALE PLAN FOR SALE OF 65,000 KL OF DIESEL OIL  50PPM AND 10PPM Ref. No.:  HCO/RFP/2023/0029 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: DIESEL OIL 50PPM and 10PPM Quantity: 65,000 KL +/- 10% at Seller’s option Delivery schedule: […]

22.11.2023

Notice of sale plan For Sale of 7000 MT of On-spec Polypropylene

Date: 22nd November 2023 NOTICE OF SALE PLAN FR SALE OF 7000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2023/0028 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity: 7000 MT (+/-20% at NSRP’s option) Delivery date: 01st – 20th December […]

21.11.2023

Notice of sale plan for Sale of 8,000 MT of Sulfur (Granular)

Date: 20th November 2023  NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2023/0027 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

15.11.2023

Notice of sale plan for Sale of 5,000 MT of Fuel Oil

Date: 15 November 2023 NOTICE OF SALE PLAN FOR SALE OF 5,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2023/0026 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 5,000 MT +/- 5% at Seller’s option Delivery schedule: 22nd – 24th November 2023 If […]

14.11.2023

Notice of sale plan for Sale of 65,000 KL of Diesel Oil 50ppm and 10ppm

Date: 14th November 2023 NOTICE OF SALE PLAN FOR SALE OF 65,000 KL OF DIESEL OIL  50PPM AND 10PPM Ref. No.:  HCO/RFP/2023/0025 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: DIESEL OIL 50PPM and 10PPM Quantity: 65,000 KL +/- 10% at Seller’s option Delivery schedule: […]

09.11.2023

Notice of sale plan for sale of 4500 MT of On-spec Polypropylene

Date: 09th November 2023 NOTICE OF SALE PLAN FOR SALE OF 4500 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2023/0024 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity: 4500 MT (+/-20% at NSRP’s option) Delivery date: 17th – 30th […]

01.11.2023

Notice of sale plan for sale of 8,000 MT of sulfur (Granular)

Date: 01st November 2023   NOTICE OF SALE PLAN for Sale of 8,000 MT of Sulfur (Granular) Ref. No.: HCO/RFP/2023/0023 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT […]

30.10.2023

Notice of sale plan for Sale of 65,000 KL of Diesel Oil 50ppm and 10ppm

Date: 30th October 2023 NOTICE OF SALE PLAN FOR SALE OF 65,000 KL OF DIESEL OIL  50PPM AND 10PPM Ref. No.:  HCO/RFP/2023/0022 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: DIESEL OIL 50PPM and 10PPM Quantity: 65,000 KL +/- 10% at Seller’s option Delivery schedule: […]

11.08.2023

Notice of sale plan for sale of 1200 MT of on-spec polypropylene

Date: 11th August 2023 NOTICE OF SALE PLAN FOR SALE OF 1200 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2023/0021 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity: 1200 MT (+/-20% at NSRP’s option) Delivery date: 18th – 31st […]

31.07.2023

NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 780 MT OF OFF-SPEC POLYPROPYLENE

Date: 31st July 2023 NOTICE OF SALE PLAN For Sale of the package of 780 MT of Off-spec Polypropylene Ref. No.: HCO/RFP/2023/0020 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product: 780 MT (+/-20%) of Off-spec Polypropylene Delivery date : 11th – 15th […]

06.07.2023

Notice of sale plan for sale of 8,000 MT of fuel oil

Date: 6 July 2023  NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2023/0019 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 8,000 MT +/- 5% at Seller’s option Delivery schedule: 3 – 5 August 2023 If […]

06.06.2023

NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF FUEL OIL

Date: 5 June 2023 NOTICE OF SALE PLAN for Sale of 8,000 MT of Fuel Oil Ref. No.:  HCO/RFP/2023/0018 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 8,000 MT +/- 10% at Seller’s option Delivery schedule: 25 – 27 June 2023 If […]

01.06.2023

Notice of sale plan for Sale of 8000 MT of On-spec Polypropylene

Date: 31st May 2023 NOTICE OF SALE PLAN FOR SALE OF 8000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2023/0017 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 8000 MT (+/-20% at NSRP’s option) Delivery date : […]

23.05.2023

Notice of sale plan for Sale of 6000 MT of On-spec Polypropylene

Date: 23rd May 2023 NOTICE OF SALE PLAN FOR SALE OF 6000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2023/0016 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 6000 MT (+/-20% at NSRP’s option) Delivery date : […]

12.05.2023

Notice of sale plan for sale of 6000 mt of on-spec polypropylene

Date: 12nd May 2023 NOTICE OF SALE PLAN FOR SALE OF 6000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2023/0014 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity : 6000 MT (+/-20% at NSRP’s option) Delivery date : […]

12.05.2023

Notice of sale plan for sale of 16,000 MT of sulfur (granular)

Date: 12nd May 2023 NOTICE OF SALE PLAN FOR SALE OF 16,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2023/0015 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 16,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

05.05.2023

NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF FUEL OIL

Date: 5 May 2023 NOTICE OF SALE PLAN for Sale of 8,000 MT of Fuel Oil Ref. No.:  HCO/RFP/2023/0013 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 8,000 MT +/- 10% at Seller’s option Delivery schedule: 26 – 28 May 2023 If […]

21.04.2023

Notice of sale plan for Sale of 18,000 – 30,000 MT of Fuel Oil

Date: 20 April 2023 NOTICE OF SALE PLAN FOR SALE OF 18,000 – 30,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2023/0012 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for Terms sale of fuel with following details: Product: Fuel Oil Quantity: 18,000 – 30,000 MT +/- 10% at Seller’s option Delivery schedule: From June […]

20.04.2023

Notice of sale plan for Sale of 16,000 MT of Sulfur (Granular)

Date: 20th April 2023  NOTICE OF SALE PLAN FOR SALE OF 16,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2023/0011 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 16,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

13.04.2023

Notice of sale plan For Sale of 4000 MT of On-spec Polypropylene

Date: 13rd April 2023 NOTICE OF SALE PLAN FOR SALE OF 4000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2023/0010 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantity: 4000 MT (+/-20% at NSRP’s option) Delivery date: 22nd – 30th […]

11.04.2023

Notice of sale plan for sale of the package of 108 MT Polypropylene Valuables

Date: 11th April 2023 NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 108 MT POLYPROPYLENE VALUABLES Ref. No.: HCO/RFP/2023/0009 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Polypropylene Valuables with following details: Product: 108 MT (+/- 20% at Seller’s option) of Polypropylene Valuables Delivery date : […]

11.04.2023

Notice of sale plan for sale of the package of 267 MT of Off-spec Polypropylene

Date: 11th April 2023 NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 267 MT OF OFF-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2023/0008 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product: 267 MT (+/-20%) of Off-spec Polypropylene Delivery date : 20th – 23rd […]

22.03.2023

Notice of sale plan for sale of 20,000 mt of fuel oil in April 2023

Date: 22 March 2023 NOTICE OF SALE PLAN FOR SALE OF 20,000 MT OF FUEL OIL IN APRIL 2023 Ref. No.:  HCO/RFP/2023/0007 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 20,000 MT +/- 10% at Seller’s option Delivery schedule: 1st Cargo: 14 […]

13.03.2023

Notice of sale plan for sale of 10,000 MT of fuel oil

Date: 13 March 2023   NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2023/0006 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 29 – 31 March 2023 […]

21.02.2023

NOTICE OF SALE PLAN FOR SALE OF 20,000 MT OF FUEL OIL

Date: 21 February 2023     NOTICE OF SALE PLAN for Sale of 20,000 MT of Fuel Oil Ref. No.:  HCO/RFP/2023/0005 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 20,000 MT +/- 10% at Seller’s option Delivery schedule: 1st Cargo 10 – […]

21.02.2023

Notice of sale plan for sale of 5,400 – 8,000 MT +/- 5% of LPG

Date: 20th February 2023  NOTICE OF SALE PLAN FOR SALE OF 5,400 – 8,000 MT +/- 5% OF LPG Ref. No.:  HCO/RFP/2023/0004 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of LPG with following details: Product: LPG Delivery Term: FOB NSRP Port, Thanh Hoa, Vietnam Quantity: 5,400 – 8,000 +/-5% at […]

01.02.2023

Notice of sale plan for sale of 6000 MT of On-spec Polypropylene

Date: 01st February 2023 NOTICE OF SALE PLAN FOR SALE OF 6000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2023/0003 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/NSJ105G) Quantit : 6000 MT (+/-20% at NSRP’s option) Delivery date: 15th – […]

01.02.2023

NOTICE OF SALE PLAN FOR SALE OF 5,400 – 6,000 MT +/- 5% OF LPG

Date: 1st February 2023 NOTICE OF SALE PLAN for Sale of 5,400 – 6,000 MT +/- 5% of LPG Ref. No.:  HCO/RFP/2023/0002 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of LPG with following details: Product: LPG Delivery Term: FOB NSRP Port, Thanh Hoa, Vietnam Quantity: 5,400 – 6,000 +/-5% at […]

31.01.2023

Notice of sale plan for Sale of 8,000 MT of Sulfur (Granular)

Date: 31st January 2023  NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2023/0004 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

31.01.2023

Notice of sale plan for sale of 20,000 MT of fuel oil

Date: 31 January 2023  NOTICE OF SALE PLAN FOR SALE OF 20,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2023/0001 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 20,000 MT +/- 10% at Seller’s option Delivery schedule: 1st Cargo 14 – 16 February […]

27.12.2022

Notice of sale plan for Sale of 40,000 MT of Straight Run LSFO

Date: 27 December 2022 NOTICE OF SALE PLAN FOR SALE OF 40,000 MT OF STRAIGHT RUN LSFO Ref. No.:  HCO/RFP/2022/0037 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run Low Sulfur Fuel Oil Quantity: 40,000 MT +/- 10% at Seller’s option Cargo size: 8,000 […]

23.12.2022

Notice of sale plan for sale of 10,000 MT of fuel oil

Date: 23 December 2022 NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2022/0036 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 12 – 14 January 2023 If […]

12.12.2022

Notice of sale plan for sale of 6000 MT of on-spec polypropylene

Date: 12th December 2022 NOTICE OF SALE PLAN FOR SALE OF 6000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2022/0035 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/ NSJ105G) Quantity: 6000 MT (+/-20% at NSRP’s option) Delivery date: 19th – […]

07.12.2022

NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 438 MT OFF-SPEC PP AND ON-SPEC PP (NON-STANDARD WEIGHT)

Date: 6th December 2022 NOTICE OF SALE PLAN For Sale of the package of 438 MT Off-spec PP and On-spec PP (Non-Standard Weight) Ref. No.: HCO/RFP/2022/0034 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product: 438 MT (+/-20%) of Off-spec PP and On-spec […]

07.12.2022

NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 50 MT POLYPROPYLENE VALUABLES

Date: 6 December 2022 NOTICE OF SALE PLAN For Sale of the package of 50 MT Polypropylene Valuables Ref. No.: HCO/RFP/2022/0033 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Polypropylene Valuables with following details: Product: 50 MT (+/- 30% at Seller’s option) of Polypropylene Valuables Delivery date: 12th […]

02.12.2022

NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL

Date: 2 December 2022 NOTICE OF SALE PLAN for Sale of 10,000 MT of Fuel Oil Ref. No.:  HCO/RFP/2022/0032 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 13 – 15 December 2022 If […]

25.11.2022

NOTICE OF SALE PLAN FOR SALE OF 6000 MT OF ON-SPEC POLYPROPYLENE

Date: 25th November 2022 NOTICE OF SALE PLAN For Sale of 6000 MT of On-spec Polypropylene   Ref. No.: HCO/RFP/2022/0031 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: ON-SPEC POLYPROPYLENE (NSY114G/ NSJ105G) Quantity: 6000 MT (+/-20% at NSRP’s option) Delivery date: 6th […]

17.11.2022

Notice of sale plan for Sale of 16,000 MT of Sulfur (Granular)

Date: 17th November 2022 Notice of sale plan for Sale of 16,000 MT of Sulfur (Granular) Ref. No.: HCO/RFP/2022/0030 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 16,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

15.11.2022

Notice of sale plan for sale of 10,000 mt of fuel oil

Date: 15 November 2022 NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2022/0029 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 3 – 5 December 2022 If […]

14.11.2022

Notice of sale plan for Sale of 3000 MT of On-spec Polypropylene

Date: 14th November 2022 Notice of sale plan for Sale of 3000 MT of On-spec Polypropylene Ref. No.: HCO/RFP/2022/0028 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ NSJ105G) Quantity : 3000 MT (+/-20% at NSRP’s option) Delivery date […]

03.11.2022

Notice of sale plan for Sale of 8,000 MT of Sulfur (Granular)

Date: 02nd November 2022 NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2022/0027 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

20.10.2022

Notice of sale plan for Sale of 40,000 MT of Straight Run LSFO

Date: 20 October 2022 NOTICE OF SALE PLAN FOR SALE OF 40,000 MT OF STRAIGHT RUN LSFO Ref. No.:  HCO/RFP/2022/0026 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run Low Sulfur Fuel Oil Quantity: 40,000 MT +/- 10% at Seller’s option Cargo size: 9,000 […]

05.10.2022

Notice of sale plan for Sale of 10,000 MT of Fuel Oil

Date: 5 October 2022  NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2022/0025 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 21 – 23 October 2022 If […]

21.09.2022

Notice of sale plan for sale of 10,000 MT of fuel oil

Date: 21 September 2022 NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2022/0024 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 5 – 7 October 2022 If […]

07.09.2022

Notice of sale plan for sale of 5000 MT of on-spec polypropylene

Date: 7th September 2022 NOTICE OF SALE PLAN FOR SALE OF 5000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2022/0023 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ Raffia 3.5) Quantity : 5000 MT (+/-20% at NSRP’s option) Delivery […]

30.08.2022

NOTICE OF SALE PLAN FOR SALE OF 8,000 MT OF SULFUR (GRANULAR)

Date: 30th August 2022  NOTICE OF SALE PLAN for Sale of 8,000 MT of Sulfur (Granular)   Ref. No.: HCO/RFP/2022/0022 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 8,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT […]

30.08.2022

Notice of sale plan for sale of the package of 510 MT of Off-spec Polypropylene

Date: 29th August 2022 NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 510 MT OF OFF-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2022/0021 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product: 510 MT (+/-20%) of Off-spec Polypropylene Delivery date : 9th – 15th […]

24.08.2022

Notice of sale plan for sale of 10,000 MT of fuel oil

Date: 24 August 2022  NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL Ref. No.:  HCO/RFP/2022/0020 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 7 – 9 September 2022 If […]

22.08.2022

Notice of sale plan for sale of 7000 MT of on-spec polypropylene

Date: 22nd August 2022 NOTICE OF SALE PLAN FOR SALE OF 7000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2022/0019 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ Raffia 3.5) Quantity : 7000 MT (+/-20% at NSRP’s option) Delivery […]

08.08.2022

Notice of sale plan for sale of 4,000 MT of On-spec Polypropylene

Date: 8th August 2022 NOTICE OF SALE PLAN FOR SALE OF 4,000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2022/0018 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ Raffia 3.5) Quantity : 4,000 MT (+/-20% at NSRP’s option) Delivery […]

30.06.2022

NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL

Date: 30 June 2022 NOTICE OF SALE PLAN for Sale of 10,000 MT of Fuel Oil Ref. No.:  HCO/RFP/2022/0017 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 14 – 16 July 2022 If […]

30.06.2022

NOTICE OF SALE PLAN FOR SALE OF 1,600 – 1,800 MT +/- 5% OF LPG

Date: 30 June 2022 NOTICE OF SALE PLAN for Sale of 1,600 – 1,800 MT +/- 5% of LPG Ref. No.:  HCO/RFP/2022/0016 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of LPG with following details: Product: LPG Delivery Term: FOB NSRP Port, Thanh Hoa, Vietnam Quantity: 1,600 – 1,800 +/-5% at […]

23.06.2022

NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 150 MT POLYPROPYLENE VALUABLES

Date: 17 June 2022 NOTICE OF SALE PLAN For Sale of the package of 150 MT Polypropylene Valuables Ref. No.: HCO/RFP/2022/0015 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Polypropylene Valuables with following details: Product: 150 MT (+/- 30% at Seller’s option) of Polypropylene Valuables Delivery date : […]

08.06.2022

Notice of sale plan for sale of 54,000 mt of straight run LSFO

Date: 8 June 2022 NOTICE OF SALE PLAN FOR SALE OF 54,000 MT OF STRAIGHT RUN LSFO Ref. No.:  HCO/RFP/2022/0014 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run Low Sulfur Fuel Oil Quantity: 54,000 MT +/- 10% at Seller’s option Cargo size: 9,000 […]

20.04.2022

NOTICE OF SALE PLAN for Sale of 60,000 MT of Straight Run LSFO

Date: 20 April 2022 NOTICE OF SALE PLAN for Sale of 60,000 MT of Straight Run LSFO Ref. No.:  HCO/RFP/2022/0012 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run Low Sulfur Fuel Oil Quantity: 60,000 MT +/- 10% at Seller’s option Cargo size: 9,000 […]

15.04.2022

NOTICE OF SALE PLAN For Sale of the package of 522 MT of Off-spec Polypropylene

Date: 14 April 2022 NOTICE OF SALE PLAN For Sale of the package of 522 MT of Off-spec Polypropylene Ref. No.: HCO/RFP/2022/0010 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product: 522 MT (+/-20%) of Off-spec Polypropylene Delivery date : 25th – 28th […]

08.04.2022

NOTICE OF SALE PLAN for Sale of 3,200 – 3,600 MT +/- 5% of LPG

Date: 8 April 2022  NOTICE OF SALE PLAN for Sale of 3,200 – 3,600 MT +/- 5% of LPG Ref. No.:  HCO/RFP/2022/0009 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of LPG with following details: Product: LPG Delivery Term: FOB NSRP Port, Thanh Hoa, Vietnam Cargo size: 1,600 – 1,800 MT […]

17.03.2022

NOTICE OF SALE PLAN for Sale of 6,400 – 7,200 MT +/- 5% of LPG

Date: 17 March 2022   NOTICE OF SALE PLAN for Sale of 6,400 – 7,200 MT +/- 5% of LPG Ref. No.:  HCO/RFP/2022/0008 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of LPG with following details: Product: LPG Delivery Term: FOB NSRP Port, Thanh Hoa, Vietnam Cargo size: 1,600 – 1,800 […]

03.03.2022

NOTICE OF SALE PLAN for Sale of 6,400 – 7,200 MT +/- 5% of LPG

Date: 3rd March 2022 NOTICE OF SALE PLAN for Sale of 6,400 – 7,200 MT +/- 5% of LPG Ref. No.:  HCO/RFP/2022/0007 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of LPG with following details: Product: LPG Delivery Term: FOB NSRP Port, Thanh Hoa, Vietnam Cargo size: 1,600 – 1,800 MT […]

24.02.2022

NOTICE OF SALE PLAN for Sale of 6,000 MT of Benzene

Date: 24th February 2022 NOTICE OF SALE PLAN for Sale of 6,000 MT of Benzene Ref. No.: HCO/RFP/2022/0005 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Benzene with following details: Product: Benzene Quantity: 6,000 MT +/- 5% at Seller’s option Cargo size: 6,000 MT +/- 5% at Seller’s option […]

24.02.2022

NOTICE OF SALE PLAN for Sale of 10,000 MT of Paraxylene

Date: 24th February 2022 NOTICE OF SALE PLAN for Sale of 10,000 MT of Paraxylene Ref. No.: HCO/RFP/2022/0006 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Paraxylene with following details: Product: Paraxyelene Quantity: 10,000 MT +/- 5% at Seller’s option Cargo size: 10,000 MT +/- 5% at Seller’s […]

08.02.2022

NOTICE OF SALE PLAN for Sale of 4,500 – 5,100 MT +/- 5% of LPG

Date: 8 February 2022  NOTICE OF SALE PLAN for Sale of 4,500 – 5,100 MT +/- 5% of LPG Ref. No.:  HCO/RFP/2022/0004 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: LPG Delivery Term: FOB NSRP Port, Thanh Hoa, Vietnam Cargo Size: 1,500 – 1,700 MT […]

14.01.2022

NOTICE OF SALE PLAN For Sale of the package of 658.5 MT of Off-spec Polypropylene

Date: 13 Jan 2022   NOTICE OF SALE PLAN For Sale of the package of 658.5 MT of Off-spec Polypropylene Ref. No.: HCO/RFP/2022/0002 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product: 5 MT (+/-20%) of Off-spec Polypropylene Delivery date : 24th – […]

14.01.2022

NOTICE OF SALE PLAN For Sale of the package of 85 MT Polypropylene Valuables

Date: 13 Jan 2022   NOTICE OF SALE PLAN For Sale of the package of  85 MT Polypropylene Valuables Ref. No.: HCO/RFP/2022/0003 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Polypropylene Valuables with following details: Product: 85 MT (+/- 30% at Seller’s option) of Polypropylene Valuables Delivery date […]

17.12.2021

NOTICE OF SALE PLAN for Sale of 50,000 MT of Straight Run LSFO

Date: 17 December 2021 NOTICE OF SALE PLAN for Sale of 50,000 MT of Straight Run LSFO Ref. No.:  HCO/RFP/2021/0042 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run Low Sulfur Fuel Oil Quantity: 50,000 MT +/- 10% at Seller’s option Cargo size: 10,000 […]

13.12.2021

NOTICE OF SALE PLAN for Sale of 30,000 MT of Diesel Oil 50ppm

Date: 13th December 2021 NOTICE OF SALE PLAN for Sale of 30,000 MT of Diesel Oil 50ppm Ref. No.:  HCO/RFP/2021/0041 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Diesel Oil 50ppm Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: within 20th – 31st […]

13.12.2021

NOTICE OF SALE PLAN for Sale of 30,000 MT of Gasoline RON95

Date: 13th December 2021  NOTICE OF SALE PLAN for Sale of 30,000 MT of Gasoline RON95 Ref. No.:  HCO/RFP/2021/0040 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: GASOLINE RON95 Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: within 20th – 31st December 2021 […]

27.11.2021

NOTICE OF SALE PLAN for Sale of 7,000 – 10,000 MT of Fuel Oil

Date: 26 November 2021 NOTICE OF SALE PLAN for Sale of 7,000 – 10,000 MT of Fuel Oil Ref. No.:  HCO/RFP/2021/0039 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 7,000 – 10,000 MT +/- 10% at Seller’s option Delivery schedule: 14 – […]

25.11.2021

NOTICE OF SALE PLAN for Sale of 30,000 MT of Gasoline RON92

Date: 25th November 2021 NOTICE OF SALE PLAN for Sale of 30,000 MT of Gasoline RON92 Ref. No.:  HCO/RFP/2021/0038 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: GASOLINE RON92 Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: Early of December 2021 If your […]

22.11.2021

NOTICE OF SALE PLAN for Sale of 4,500 – 6,000 MT +/- 5% of LPG

Date: 22 November 2021 NOTICE OF SALE PLAN for Sale of 4,500 – 6,000 MT +/- 5% of LPG Ref. No.:  HCO/RFP/2021/0037 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: LPG Delivery Term: FOB NSRP Port or CFR at Discharge Port in Vietnam (to be […]

19.11.2021

NOTICE OF SALE PLAN for Sale of 7,000 – 16,000 MT of Fuel Oil

Date: 19 November 2021 NOTICE OF SALE PLAN for Sale of 7,000 – 16,000 MT of Fuel Oil Ref. No.:  HCO/RFP/2021/0036 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 7,000 – 16,000 MT +/- 10% at Seller’s option Delivery schedule: 4 – […]

19.11.2021

Notice of sale plan for Sale of 1500 MT of On-spec Polypropylene

Date: 19th November 2021 NOTICE OF SALE PLAN FOR SALE OF 1500 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2021/0035 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ Raffia 3.5) Quantity : 1500 MT (+/-20% at NSRP’s option) Delivery […]

12.11.2021

Notice of sale plan for sale of 16,000 MT of Sulfur (Granular)

Date: 12th November 2021 NOTICE OF SALE PLAN FOR SALE OF 16,000 MT OF SULFUR (GRANULAR) Ref. No.: HCO/RFP/2021/0034 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product and quality: Sulfur (Granular) Quantity: 16,000 MT +/- 10% at Seller’s option Cargo size: 8,000 MT +/- […]

12.11.2021

Notice of sale plan for sale of 3,000 – 4,000 MT +/- 5% of LPG

Date: 12 November 2021  NOTICE OF SALE PLAN FOR SALE OF 3,000 – 4,000 MT +/- 5% OF LPG Ref. No.:  HCO/RFP/2021/0033 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: LPG Volume: 3,000 – 4,000 MT +/- 5% at Seller’s option Delivery schedule: + 1st […]

05.11.2021

Notice of sale plan for sale of 3,000 – 3,400 MT +/- 5% of LPG

Date: 5 November 2021 NOTICE OF SALE PLAN FOR SALE OF 3,000 – 3,400 MT +/- 5% OF LPG Ref. No.:  HCO/RFP/2021/0032 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: LPG Volume: 3,000 – 3,400 MT +/- 5% at Seller’s option Delivery schedule: + 1st […]

11.10.2021

Notice of sale plan for Sale of 123.8 MT Polypropylene Valuables

Date: 11 Oct 2021 NOTICE OF SALE PLAN FOR SALE OF 123.8 MT POLYPROPYLENE VALUABLES Ref. No.: HCO/RFP/2021/0031 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Polypropylene Valuables with following details: Product : POLYPROPYLENE VALUABLES Quantity : 123.8 MT +/- 20% at Seller’s Option Delivery date : 19-22 […]

27.09.2021

Notice of sale plan for Sale of 50,000 – 70,000 MT of Straight Run HSFO

Date:  27 September 2021  NOTICE OF SALE PLAN FOR SALE OF 50,000 – 70,000 MT OF STRAIGHT RUN HSFO Ref. No.:  HCO/RFP/2021/0030 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run High Sulfur Fuel Oil Quantity: 50,000 – 70,000 MT +/- 10% at Seller’s […]

10.09.2021

Notice of sale plan for Sale of 5000 MT of On-spec Polypropylene

Date: 10th September 2021 NOTICE OF SALE PLAN FOR SALE OF 5000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2021/0029 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ Raffia 3.5) Quantity : 5000 MT (+/-20% at NSRP’s option) Delivery […]

08.09.2021

Notice of sale plan for sale of gasoline Ron95

Date: 8th September 2021 NOTICE OF SALE PLAN FOR SALE OF GASOLINE RON95 Ref. No.:  HCO/RFP/2021/0027 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: GASOLINE RON95 Cargo Size: 30,000 MT +/- 10% at Seller’s option Quantity: from 01 to 02 cargoes Delivery schedule: as soon […]

08.09.2021

Notice of sale plan for sale of diesel oil 10PPM

Date: 8th September 2021 NOTICE OF SALE PLAN FOR SALE OF DIESEL OIL 10PPM Ref. No.:  HCO/RFP/2021/0028   Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Diesel Oil 10ppm Cargo size: 25,000 MT +/- 10% at Seller’s option Quantity: from 01 to 02 cargoes Delivery schedule: […]

27.08.2021

Notice of sale plan for Sale of 5000 MT of On-spec Polypropylene

Date: 26th August 2021 NOTICE OF SALE PLAN FOR SALE OF 5000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2021/0026 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ Raffia 3.5) Quantity : 5000 MT (+/-15% at NSRP’s option) Delivery […]

25.08.2021

Notice of sale plan for sale of 30,000 MT of Diesel Oil 250ppm

Date: 25 August 2021  NOTICE OF SALE PLAN FOR SALE OF 30,000 MT OF DIESEL OIL 250PPM Ref. No.:  HCO/RFP/2021/0024 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Diesel Oil 250ppm Quantity: 30,000 MT +/- 10% at Seller’s option Cargo size: 30,000 MT +/- 10% […]

25.08.2021

Notice of sale plan for sale of 30,000 MT of Gasoline RON95

Date: 25th August 2021  NOTICE OF SALE PLAN FOR SALE OF 30,000 MT OF GASOLINE RON95 Ref. No.:  HCO/RFP/2021/0025 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: GASOLINE RON95 Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: No later than 15th September 2021 […]

17.08.2021

Notice of sale plan for Sale of the package of 616.5 MT of Off-spec Polypropylene

Date: 16 Aug 2021 NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 616.5 MT OF OFF-SPEC POLYPROPYLENE Ref. No.: HCO/RFP/2021/0023 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product: 616.5 MT (+/-20%) of Off-spec Polypropylene Delivery date : 26 August 2021 […]

11.08.2021

Notice of sale plan for sale of 30,000 MT of gasoline Ron95 (EXPORT ONLY)

Date: 11th August 2021  NOTICE OF SALE PLAN FOR SALE OF 30,000 MT OF GASOLINE RON95 (EXPORT ONLY) Ref. No.:  HCO/RFP/2021/0021 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: GASOLINE RON95 Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: 22nd – 31st August […]

11.08.2021

Notice of sale plan for sale of 30,000 MT of Diesel Oil 350ppm (EXPORT ONLY)

Date: 11 August 2021 NOTICE OF SALE PLAN FOR SALE OF 30,000 MT OF DIESEL OIL 350PPM (EXPORT ONLY) Ref. No.:  HCO/RFP/2021/0022 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Diesel Oil 350ppm Quantity: 30,000 MT +/- 10% at Seller’s option Cargo size: 30,000 MT […]

16.07.2021

Notice of sale plan for Sale of 5,000 MT – 10,000 MT of Polymer Grade Propylene (PGP)

Date: 16th July 2021 NOTICE OF SALE PLAN for Sale of 5,000 MT – 10,000 MT of Polymer Grade Propylene (PGP) Ref. No.:  HCO/RFP/2021/0020                              Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Polymer Grade Propylene (PGP) Total quantity: 5,000 MT – 10,000 MT +/-5% at […]

25.06.2021

NOTICE OF SALE PLAN For Sale of the package of 107 MT Polypropylene Valuables

Date: 24th June 2021 NOTICE OF SALE PLAN For Sale of the package of 107 MT Polypropylene Valuables Ref. No.: HCO/RFP/2021/0019 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Polypropylene Valuables with following details: Product: 107 MT (+/- 20% at Seller’s option) of Polypropylene Valuables Delivery date : […]

18.06.2021

NOTICE OF SALE PLAN For Sale of 1,000 MT of On-spec Polypropylene

Date: 17th June 2021 NOTICE OF SALE PLAN For Sale of 1,000 MT of On-spec Polypropylene Ref. No.: HCO/RFP/2021/0018 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ Raffia 3.5) Quantity : 1,000 MT (+/-20% at NSRP’s option) Delivery […]

17.06.2021

Notice of sale plan for Sale of 10,000 MT of Fuel Oil (Export Only)

Date: 16 June 2021 NOTICE OF SALE PLAN for Sale of 10,000 MT of Fuel Oil (Export Only) Ref. No.:  HCO/RFP/2021/0018 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 2 – 4 July […]

09.06.2021

NOTICE OF SALE PLAN FOR SALE OF 50,000 MT OF DIESEL OIL 10PPM (EXPORT ONLY)

Date: 8th June 2021 NOTICE OF SALE PLAN for Sale of 50,000 MT of Diesel Oil 10ppm (EXPORT ONLY) Ref. No.:  HCO/RFP/2021/0017 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Diesel Oil 10ppm Quantity: 50,000 MT +/- 10% at Seller’s option Cargo size: 25,000 MT […]

04.06.2021

NOTICE OF SALE PLAN for Sale of 60,000 MT of Gasoline RON95 (EXPORT ONLY)

Date: 4th June 2021 NOTICE OF SALE PLAN for Sale of 60,000 MT of Gasoline RON95 (EXPORT ONLY) Ref. No.:  HCO/RFP/2021/0016 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: GASOLINE RON95 Quantity: 60,000 MT +/- 10% at Seller’s option Cargo size: 30,000 MT +/- 10% […]

27.05.2021

NOTICE OF SALE PLAN for Sale of 8,000 MT of Sulfur (Granular)

Date: 27th May 2021 NOTICE OF SALE PLAN for Sale of 8,000 MT of Sulfur (Granular) Ref. No.: HCO/RFP/2021/0015 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product: SULFUR (GRANULAR) Quantity: 8,000 MT +/- 10% at Seller’s option Delivery Schedule: 25 – 31 June 2021 […]

27.05.2021

NOTICE OF SALE PLAN For Sale of the package of 683.5 MT of Off-spec Polypropylene

Date: 27 May 2021   NOTICE OF SALE PLAN For Sale of the package of 683.5 MT of Off-spec Polypropylene Ref. No.: HCO/RFP/2021/0014 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product: 683.5 MT (+/-20%) of Off-spec Polypropylene Delivery date : 7-13 JUNE […]

12.05.2021

NOTICE OF SALE PLAN for Sale of 30,000 MT of Gasoline RON95 (EXPORT ONLY)

Date: 12th May 2021 NOTICE OF SALE PLAN for Sale of 30,000 MT of Gasoline RON95 (EXPORT ONLY) Ref. No.:  HCO/RFP/2021/0013 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: GASOLINE RON95 Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: loading schedule from 20th […]

07.05.2021

NOTICE OF SALE PLAN for Sale of 8,000 MT of Sulfur (Granular)

Date: 07th May 2021 NOTICE OF SALE PLAN for Sale of 8,000 MT of Sulfur (Granular) Ref. No.: HCO/RFP/2021/0012 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product: SULFUR (GRANULAR) Quantity: 8,000 MT +/- 10% at Seller’s option Delivery Schedule: 05 – 11 June 2021 […]

04.05.2021

NOTICE OF SALE PLAN for Sale of 10,000 MT of Fuel Oil (Export Only)

Date: 4 May 2021 NOTICE OF SALE PLAN for Sale of 10,000 MT of Fuel Oil (Export Only) Ref. No.:  HCO/RFP/2021/0010 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 15 – 17 May […]

04.05.2021

NOTICE OF SALE PLAN for Sale of 1,500 – 1,700 MT +/- 5% of LPG

Date: 4th May 2021 NOTICE OF SALE PLAN for Sale of 1,500 – 1,700 MT +/- 5% of LPG Ref. No.:  HCO/RFP/2021/0011 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: LPG Volume: 1,500 – 1,700 MT +/- 5% at Seller’s option Delivery schedule: 9 – […]

08.04.2021

Notice of sale plan for Sale of 4,500 – 5,100 MT +/- 5% of LPG

Date: 7th April 2021  NOTICE OF SALE PLAN for Sale of 4,500 – 5,100 MT +/- 5% of LPG Ref. No.:  HCO/RFP/2021/0009 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: LPG Volume: 4,500 – 5,100 MT +/- 5% at Seller’s option Delivery schedule: Loading schedule […]

29.03.2021

NOTICE OF SALE PLAN FOR SALE OF 4,500 – 5,100 MT +/- 5% OF LPG

Date: 26th March 2021 NOTICE OF SALE PLAN for Sale of 4,500 – 5,100 MT +/- 5% of LPG Ref. No.:  HCO/RFP/2020/0008 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: LPG Volume: 4,500 – 5,100 MT +/- 5% at Seller’s option Delivery schedule: Loading schedule […]

18.03.2021

NOTICE OF SALE PLAN For Sale of 4,000 MT of On-spec Polypropylene

Date: 18th March 202 NOTICE OF SALE PLAN For Sale of 4,000 MT of On-spec Polypropylene Ref. No.: HCO/RFP/2021/0007 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ Raffia 3.5) Quantity : 4,000 MT (+/-20% at NSRP’s option) Delivery […]

15.03.2021

NOTICE OF SALE PLAN FOR SALE OF 139 MT OF ON-SPEC POLYPROPYLENE

Date: 15th March 2021 NOTICE OF SALE PLAN For Sale of 139 MT of On-spec Polypropylene Ref. No.: HCO/RFP/2021/0006 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE Quantity : 139 MT (+/-20% at NSRP’s option) Delivery date : 24th […]

12.03.2021

NOTICE OF SALE PLAN for Sale of 4,500 – 5,100 MT +/- 5% of LPG

Date: 12th March 2021 NOTICE OF SALE PLAN for Sale of 4,500 – 5,100 MT +/- 5% of LPG Ref. No.:  HCO/RFP/2021/0006 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: LPG Volume: 4,500 – 5,100 MT +/- 5% at Seller’s option Delivery schedule: Loading schedule […]

04.03.2021

Notice of sale plan for Sale of the package of 96 MT Polypropylene Valuables

Date: 4th March 2021 NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 96 MT POLYPROPYLENE VALUABLES Ref. No.: HCO/RFP/2021/005 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Polypropylene Valuables with following details: Product: 96 MT (+/- 20% at Seller’s option) of Polypropylene Valuables Delivery date : […]

24.02.2021

Notice of sale plan for sale of 30,000 MT of light cycle oil

Date: 24 February 2021 NOTICE OF SALE PLAN FOR SALE OF 30,000 MT OF LIGHT CYCLE OIL Ref. No.:  HCO/RFP/2021/004 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale with following details: Product: LIGHT CYCLE OIL Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: 18th – 20th March 2021 […]

19.02.2021

Notice of sale plan for sale of the package of 800 MT of off-spec polypropylene

Date: 19 February 2021 NOTICE OF SALE PLAN FOR SALE OF THE PACKAGE OF 800 MT OF OFF-SPEC POLYPROPYLENE Ref. No.: EC/RFP/2021/0003 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product: 800 MT (+/-15%) of Off-spec Polypropylene Delivery date : 1-7 Mar 2021 […]

21.01.2021

NOTICE OF SALE PLAN for Sale of 30,000 MT of LIGHT CYCLE OIL

Date: 21 January 2021    NOTICE OF SALE PLAN for Sale of 30,000 MT of LIGHT CYCLE OIL Ref. No.:  EC/RFP/2021/0002 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale with following details: Product: LIGHT CYCLE OIL Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: 10th – 15th February […]

21.01.2021

NOTICE OF SALE PLAN For Sale of the package of 504 MT of Off-spec Polypropylene

Date: 21st Jan 2021 NOTICE OF SALE PLAN For Sale of the package of 504 MT of Off-spec Polypropylene Ref. No.: EC/RFP/2021/0001 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product: 504 MT (+/-20%) of Off-spec Polypropylene Delivery date : 1-7 Feb 2021 […]

28.12.2020

NOTICE OF SALE PLAN FOR SALE OF 30,000 MT OF STRAIGHT RUN GAS OIL

Date: 28 December 2020 NOTICE OF SALE PLAN for Sale of 30,000 MT of STRAIGHT RUN GAS OIL Ref. No.:  EC/RFP/2020/0045 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale with following details: Product: STRAIGHT RUN GAS OIL Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: 6th – 10th […]

28.12.2020

NOTICE OF SALE PLAN FOR SALE OF 30,000 MT OF LIGHT CYCLE OIL

Date: 28th December 2020 NOTICE OF SALE PLAN for Sale of 30,000 MT of LIGHT CYCLE OIL Ref. No.:  EC/RFP/2020/0044 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale with following details: Product: LIGHT CYCLE OIL Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: 6th – 10th January 2021 […]

14.12.2020

NOTICE OF SALE PLAN for Sale of 40,000 MT – 50,000 MT of Straight Run HSFO (Export Only)

Date:  14 December 2020 NOTICE OF SALE PLAN for Sale of 40,000 MT – 50,000 MT of Straight Run HSFO (Export Only) Ref. No.:  EC/RFP/2020/0043 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run High Sulfur Fuel Oil Quantity: 40,000 MT – 50,000 MT […]

24.11.2020

NOTICE OF SALE PLAN For Sale of 4,000 MT of On-spec Polypropylene

Date: 24th November 2020 NOTICE OF SALE PLAN For Sale of 4,000 MT of On-spec Polypropylene Ref. No.: EC/RFP/2020/0042 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ Raffia 3.5) Quantity : 4,000 MT (+/-20% at NSRP’s option) Delivery […]

18.11.2020

NOTICE OF SALE PLAN for Sale of 27,000 MT of Straight Run LSFO (Export Only)

Date:  18 November 2020 NOTICE OF SALE PLAN for Sale of 27,000 MT of Straight Run LSFO (Export Only) Ref. No.:  EC/RFP/2020/0041 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run Low Sulfur Fuel Oil Quantity: 27,000 MT +/- 10% at Seller’s option Delivery […]

18.11.2020

NOTICE OF SALE PLAN for Sale of 10,000 MT of Fuel Oil (Export Only)

Date: 18 November 2020   NOTICE OF SALE PLAN for Sale of 10,000 MT of Fuel Oil (Export Only) Ref. No.:  EC/RFP/2020/0040 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 5 – 7 December […]

17.11.2020

NOTICE OF SALE PLAN For Sale of 2,000 MT of On-spec Polypropylene

Date: 16th November 2020 NOTICE OF SALE PLAN For Sale of 2,000 MT of On-spec Polypropylene Ref. No.: EC/RFP/2020/0039 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ Raffia 3.5) Quantity :  2,000 MT (+/-20% at NSRP’s option) Delivery […]

05.11.2020

NOTICE OF SALE PLAN for Sale of 35,000 KL of Diesel Oil either 50ppm or 100ppm (EXPORT ONLY)

Date: 5th November 2020 NOTICE OF SALE PLAN for Sale of 35,000 KL of Diesel Oil either 50ppm or 100ppm (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0038 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: DIESEL OIL either 50PPM or 100 PPM Quantity: 35,000 KL +/- 5% […]

28.10.2020

Notice of sale plan for Sale of 27,000 MT of Straight Run LSFO (Export Only)

Date:  28 October 2020 NOTICE OF SALE PLAN FOR SALE OF 27,000 MT OF STRAIGHT RUN LSFO (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0037 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run Low Sulfur Fuel Oil Quantity: 27,000 MT +/- 10% at Seller’s option Delivery […]

23.10.2020

Notice of sale plan for sale of 10,000 MT of fuel oil (Export only)

Date: 23 October 2020 NOTICE OF SALE PLAN for Sale of 10,000 MT of Fuel Oil (Export Only)   Ref. No.:  EC/RFP/2020/0036 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 6 – 10 […]

23.10.2020

Notice of sale plan for sale of the package of 516 MT of off-spec polypropylene and 60 MT of on-spec polypropylene

Date: 23rd October 2020 NOTICE OF SALE PLAN For Sale of the package of 516 MT of Off-spec Polypropylene and 60 MT of On-spec Polypropylene Ref. No.: EC/RFP/2020/0035 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene and On-spec Polypropylene with following details: Product: 516 MT (+/-20%) […]

21.10.2020

Notice of sale plan for sale of 30,000 MT of LIGHT CYCLE OIL

Date: 21 October 2020  NOTICE OF SALE PLAN FOR SALE OF 30,000 MT OF LIGHT CYCLE OIL Ref. No.:  EC/RFP/2020/0034 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale with following details: Product: LIGHT CYCLE OIL Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: 8th – 10th November 2020 […]

19.10.2020

Notice of sale plan for sale of 40,000 KL of gasoline RON95 (EXPORT ONLY)

Date: 19th October 2020 NOTICE OF SALE PLAN FOR SALE OF 40,000 KL OF GASOLINE RON95 (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0033 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: GASOLINE RON95 Quantity: 40,000 KL +/- 5% at Seller’s option Delivery schedule: 15 – 30 November […]

19.10.2020

Notice of sale plan for sale of 80,000 KL of diesel oil either 50ppm or 100ppm (EXPORT ONLY)

Date: 19th October 2020 NOTICE OF SALE PLAN FOR SALE OF 80,000 KL OF DIESEL OIL EITHER 50PPM OR 100PPM (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0032 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: DIESEL OIL either 50PPM or 100 PPM Quantity: 80,000 KL +/- 5% […]

15.10.2020

Notice of sale plan for sale of 16,000 MT of sulfur (Granular)

Date: 15 October 2020 NOTICE OF SALE PLAN FOR SALE OF 16,000 MT OF SULFUR (GRANULAR) Ref. No.: EC/RFP/2020/0031 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product: SULFUR (GRANULAR) Quantity: 16,000 MT +/- 10% at Seller’s option Delivery Schedule: 1st cargo: 8 – 14 […]

14.10.2020

Notice of sale plan for sale of 4,000 MT of On-spec polypropylene

Date: 14th October 2020 NOTICE OF SALE PLAN FOR SALE OF 4,000 MT OF ON-SPEC POLYPROPYLENE Ref. No.: EC/RFP/2020/0030 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G/ Raffia 3.5) Quantity :  4,000 MT (+/-20% at NSRP’s option) Delivery […]

14.10.2020

Notice of sale plan for Sale of 6,000 – 6,800 MT +/- 5% of LPG

Date: 14th October 2020  NOTICE OF SALE PLAN FOR SALE OF 6,000 – 6,800 MT +/- 5% OF LPG Ref. No.:  EC/RFP/2020/0029 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: LPG Volume: 6,000 – 6,800 MT +/- 5% at Seller’s option Delivery schedule: Loading schedule […]

14.10.2020

Notice of sale plan for sale of 32,000 mt of light cycle oil

Date: 14 October 2020 NOTICE OF SALE PLAN FOR SALE OF 32,000 MT OF LIGHT CYCLE OIL Ref. No.:  EC/RFP/2020/0028 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale with following details: Product: LIGHT CYCLE OIL Quantity: 32,000 MT +/- 10% at Seller’s option Delivery schedule: 23rd – 31st October 2020 […]

06.10.2020

Notice of sale plan for sale of 36,000 mt of straight run LSFO (export only)

Date:  6 October 2020 NOTICE OF SALE PLAN FOR SALE OF 36,000 MT OF STRAIGHT RUN LSFO (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0027 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run Low Sulfur Fuel Oil Quantity: 36,000 MT +/- 10% at Seller’s option Delivery […]

06.10.2020

Notice of sale plan for sale of 10,000 MT of fuel oil (Export Only)

Date:  October 6th, 2020 NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0026 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 16 – 18 October […]

23.09.2020

Notice of sale plan for sale of 9,000 MT of straight run LSFO (export only)

Date: 22 September 2020 NOTICE OF SALE PLAN FOR SALE OF 9,000 MT OF STRAIGHT RUN LSFO (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0025 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run Low Sulfur Fuel Oil Quantity: 9,000 MT +/- 10% at Seller’s option Delivery […]

23.09.2020

Notice of sale plan for sale of 10,000 MT of fuel oil (Export Only)

Date: 22 September 2020 NOTICE OF SALE PLAN for Sale of 10,000 MT of Fuel Oil (Export Only) Ref. No.:  EC/RFP/2020/0024 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 10% at Seller’s option Delivery schedule: 2 – 4 October […]

21.09.2020

Notice of sale plan for sale of 30,000 MT of light cycle oil

Date: 21 September 2020 NOTICE OF SALE PLAN FOR SALE OF 30,000 MT OF LIGHT CYCLE OIL Ref. No.:  EC/RFP/2020/0023 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale with following details: Product: LIGHT CYCLE OIL Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: 3rd – 5th October 2020 […]

08.09.2020

Notice of sale plan for sale of 620 MT of off-spec polypropylene

Date: 8th September 2020 NOTICE OF SALE PLAN FOR SALE OF 620 MT OF OFF-SPEC POLYPROPYLENE Ref. No.: EC/RFP/2020/0021 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product : OFF-SPEC POLYPROPYLENE Quantity : 620 MT (+/-20% at NSRP’s option) Delivery date : 18th […]

08.09.2020

Notice of sale plan for sale of 133 MT of Polypropylene Valuables

Date: 8th September 2020 NOTICE OF SALE PLAN FOR SALE OF 133 MT OF POLYPROPYLENE VALUABLES Ref. No.: EC/RFP/2020/0022 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Polypropylene Valuables with following details: Product : POLYPROPYLENE VALUABLES Quantity : 133 MT (+/-20% at NSRP’s option) Delivery date : 18th […]

07.09.2020

Notice of sale plan for Sale of 9,000 MT of Fuel Oil (Export Only)

Date: 7 September 2020  NOTICE OF SALE PLAN FOR SALE OF 9,000 MT OF FUEL OIL (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0020 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 9,000 MT +/- 5% at Seller’s option Delivery schedule: 21 – 23 September […]

03.09.2020

Notice of sale plan for sale of 30,000 MT of LIGHT CYCLE OIL

Date: 3 September 2020 NOTICE OF SALE PLAN FOR SALE OF 30,000 MT OF LIGHT CYCLE OIL Ref. No.:  EC/RFP/2020/0019 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale with following details: Product: LIGHT CYCLE OIL Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: 17th – 19th September 2020 […]

02.09.2020

Notice of sale plan for sale of 4000 MT of On-spec Polypropylene (NSY114G)

Date: 1st Sep 2020 NOTICE OF SALE PLAN FOR SALE OF 4000 MT OF ON-SPEC POLYPROPYLENE (NSY114G) Ref. No.: EC/RFP/2020/0018 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSY114G / Raffia 3.5) Quantity : 4000 MT (+/-20% at NSRP’s […]

28.08.2020

Notice of sale plan for sale of 3,000 mt +/- 5% of mixed LPG

Date: 28 August 2020 NOTICE OF SALE PLAN for Sale of 3,000 MT +/- 5% of Mixed LPG Ref. No.:  EC/RFP/2020/0017 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Mixed LPG Volume: 3,000 MT +/- 5% at Seller’s option Delivery schedule: + 1st Cargo (1,500 […]

20.08.2020

Notice of sale plan for Sale of 8,000MT of Sulfur (Granular)

Date: 20th Aug 2020  Notice of sale plan for Sale of 8,000MT of Sulfur (Granular) Ref. No.: EC/RFP/2020/0016 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of sulfur with following details: Product: SULFUR (GRANULAR) Quantity: 8,000 MT +/- 10% at Seller’s option Delivery Schedule: 26th Sep – 2nd Oct 2020 […]

20.08.2020

Notice of sale plan for Sale of 1,500 -1,700 MT +/- 5% of Mixed LPG

Date: 20 August 2020 Notice of sale plan for Sale of 1,500 -1,700 MT +/- 5% of Mixed LPG Ref. No.:  EC/RFP/2020/0015 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Mixed LPG Volume: 1,500 – 1,700 MT +/- 5% at Seller’s option Delivery schedule: 28-30 […]

13.08.2020

Notice of sale plan For sale of 10,000 mt of fuel oil (export only)

Date: 13 August 2020 NOTICE OF SALE PLAN FOR SALE OF 10,000 MT OF FUEL OIL (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0014 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 5% at Seller’s option Delivery schedule: 27 – 31 August […]

03.08.2020

Notice of sale plan (EXPORT ONLY) for sale of 30,000 MT of Light Cycle Oil

Date: 3 August 2020  NOTICE OF SALE PLAN (EXPORT ONLY) for Sale of 30,000 MT of LIGHT CYCLE OIL Ref. No.:  EC/RFP/2020/0013 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: LIGHT CYCLE OIL Quantity: 30,000 MT +/- 10% at Seller’s option Delivery schedule: 20th – […]

06.07.2020

Notice of sale plan for sale of 1275 mt of off-spec polypropylene

Date: 6th July 2020 NOTICE OF SALE PLAN FOR SALE OF 1275 MT OF OFF-SPEC POLYPROPYLENE Ref. No.: EC/RFP/2020/0011 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product : OFF-SPEC POLYPROPYLENE Quantity : 1275 MT (+/-10% at NSRP’s option) Delivery date : 15th […]

19.05.2020

Notice of sale plan for Sale of 1010.78 MT of Off-spec Polypropylene

Date: 19th May 2020 NOTICE OF SALE PLAN FOR SALE OF 1010.78 MT OF OFF-SPEC POLYPROPYLENE Ref. No.: EC/RFP/2020/0010 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Off-spec Polypropylene with following details: Product : OFF-SPEC POLYPROPYLENE Quantity :1010.78 MT MT (+/-10% at NSRP’s option) Delivery date : 27th […]

19.05.2020

Notice of sale plan for Sale of 190 MT of Polypropylene Valuables

Date: 19th May 2020   NOTICE OF SALE PLAN FOR SALE OF 190 MT OF POLYPROPYLENE VALUABLES Ref. No.: EC/RFP/2020/0011 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of Polypropylene Valuables with following details: Product : POLYPROPYLENE VALUABLES Quantity : 190 MT (+/-10% at NSRP’s option) Delivery date : […]

25.03.2020

NOTICE OF SALE PLAN for Sale of 40,000 KL of Diesel Oil 50ppm (EXPORT ONLY)

Date: 25th March 2020 NOTICE OF SALE PLAN for Sale of 40,000 KL of Diesel Oil 50ppm (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0009 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: DIESEL OIL 50PPM Quantity: 40,000 KL +/- 5% at Seller’s option Delivery schedule: 10 – […]

25.03.2020

NOTICE OF SALE PLAN for Sale of 40,000 KL of Gasoline RON95 (EXPORT ONLY)

Date: 25th March 2020 NOTICE OF SALE PLAN for Sale of 40,000 KL of Gasoline RON95 (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0008 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: GASOLINE RON95 Quantity: 40,000 KL +/- 5% at Seller’s option Delivery schedule: 5 – 7 April […]

11.03.2020

Notice of sale plan for Sale of 40,000 KL of Diesel Oil 50ppm (EXPORT ONLY)

Date: 11th March 2020 NOTICE OF SALE PLAN for Sale of 40,000 KL of Diesel Oil 50ppm (EXPORT ONLY) Ref. No.:  EC/RFP/2020/0007 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: DIESEL OIL 50PPM Quantity: 40,000 KL +/- 5% at Seller’s option Delivery schedule: 25 – […]

05.03.2020

NOTICE OF SALE PLAN for Sale of 10,000 MT of Fuel Oil

Ref. No.:  EC/RFP/2020/0006 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 5% at Seller’s option Delivery schedule: 15 – 20 March 2020 If your company is interested in purchasing Fuel Oil from NSRP, please contact us via email with […]

04.03.2020

NOTICE OF SALE PLAN for Sale of 40,000 KL of Gasoline RON95 (EXPORT ONLY)

Date: 4th March 2020 Ref. No.:  EC/RFP/2020/0005 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: GASOLINE RON95 Quantity: 40,000 KL +/- 5% at Seller’s option Delivery schedule: 20 – 25 March 2020 If your company is interested in purchasing Gasoline RON95 from NSRP, please contact […]

21.02.2020

NOTICE OF SALE PLAN FOR SALE OF 8,000MT OF SULFUR (GRANULAR)

NOTICE OF SALE PLAN FOR SALE OF 8,000MT OF SULFURE (GRANULAR) Ref. No.: EC/RFP/2020/0004 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: SULFUR (GRANULAR) Quantity: 8,000 MT +/- 10% at Seller’s option Delivery schedule: 27th – 31st Mar 2020 If your company is interested […]

12.02.2020

Notice of Sale plan for Sale of 40,000 KL of Diesel Oil 50ppm (EXPORT ONLY)

Date: 12th February 2020 NOTICE OF SALE PLAN for Sale of 40,000 KL of Diesel Oil 50ppm (EXPORT ONLY) Ref. No.: EC/RFP/2020/0003 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: – Product: DIESEL OIL 50PPM – Quantity: 40,000 KL +/- 5% at Seller’s option […]

05.02.2020

NOTICE OF SALE PLAN For Sale of 2200 MT of On-spec Polypropylene

Date: 4th Feb 2020 NOTICE OF SALE PLAN For Sale of 2200 MT of On-spec Polypropylene Ref. No.: EC/RFP/2020/0002 Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of On-spec Polypropylene with following details: Product : ON-SPEC POLYPROPYLENE (NSJ105G / INJECTION 11) Quantity : 2,200 MT (+/-10% at NSRP’s option) […]

16.01.2020

Notice of sale plan for Sale of 10,000 MT of Fuel Oil

Date: 16th January 2020 Ref. No.:  EC/RFP/2020/0001 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Fuel Oil Quantity: 10,000 MT +/- 5% at Seller’s option Delivery schedule: 23 – 28 January 2020 If your company is interested in purchasing Fuel Oil from NSRP, please contact […]

10.07.2019

Notice of sale plan for Sale of 40,000 MT of Atmospheric Residue Straight Run High Sulfur Fuel Oil( Straight Run HSFO)

Ref. No.: EC/RFP/2019/0020 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for sale of fuel with following details:  Product: Straight Run HSFO Total Volume: 40,000 MT +/-5% at Seller’s option Cargo size: 5,000 – 10,000 MT with loading tolerance +/-5% at Buyer’s option Delivery schedule: 22 July – 15 August 2019 If […]

26.06.2019

Notice of sale plan for Sale of 20,00- MT of Atmospheric Residue Straight Run High Sulful Fuel Oil( Straight Run HSFO)

Ref. No.: EC/RFP/2019/0017 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run HSFO Total Volume: 20,000 MT +/-5% at Seller’s option Cargo size: 10,000 MT +/-5% at Seller’s option Delivery schedule (3-day laycan): 1-3 and 4-6 July 2019 If your company is […]

26.06.2019

Notice of sale plan for Sale of 20,000 MT of Atmospheric Residue Straight Run High Sulfur Fuel Oil (Straight Run HSFO)

Ref. No.: EC/RFP/2019/0017 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Straight Run HSFO Total Volume: 20,000 MT +/-5% at Seller’s option Cargo size: 10,000 MT +/-5% at Seller’s option Delivery schedule (3-day laycan): 1-3 and 4-6 July 2019 If your company is […]

04.06.2019

Notice of sale plan for Sale of 1,500- 1,700 MT of Polymer Grade Propylenne (PGP)

Ref. No.: EC/RFP/2019/0016 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Polymer Grade Propylene (PGP) Total Volume: 1,500- 1,700 MT +/-5% at Seller’s option Delivery schedule: 15 – 17 June 2019 If your company is interested in purchasing PGP from NSRP, please contact […]

30.05.2019

Notice of sale plan for Sale of 1,500 – 1,700 MT +/- 5% of Mixed LPG

Ref. No.: EC/RFP/2019/0015 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Mixed LPG Volume: 1,500 – 1,700 MT +/- 5% at Seller’s option Delivery schedule: 4 – 6 June 2019 If your company is interested in purchasing Mixed LPG from NSRP, please contact […]

28.05.2019

Notice of sale plan for Sale of 1,500 – 1,700 MT +/- 5% of Mixed LPG

Ref. No.: EC/RFP/2019/0014 Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP) is preparing for spot sale of fuel with following details: Product: Mixed LPG Volume: 1,500 – 1,700 MT +/- 5% at Seller’s option Delivery schedule: 31 May – 2 June 2019 If your company is interested in purchasing Mixed LPG from NSRP, please […]

30.10.2024

Vietnamese EV maker gets $1 billion in funding led by UAE

Source Vietnam’s electric vehicle manufacturer VinFast Auto is expected to receive at least $1 billion in overseas funding led by Emirates Driving Company (EDC), Abu Dhabi’s leading driver training and road safety institute, Bloomberg reported on October 30, quoting a source with knowledge of the agreement. VinFast and its parent company, Vingroup, earlier this week signed strategic […]

24.10.2024

Nuclear power back on table to secure Vietnam’s energy future

Source In a move to secure Vietnam’s energy future, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan has underscored the urgent need to restore investment in and develop nuclear power, placing utmost importance on safety. In a move to secure Vietnam’s energy future, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan […]

07.10.2024

Saudi Arabia raises oil prices to Asia

Source The world’s largest crude exporter, Saudi Arabia, has raised the price of its flagship grade to Asia by more than expected amid high volatility in international oil prices amid the escalating conflict in the Middle East. Saudi Aramco in the weekend raised the price of its Arab Light grade loading for Asia in November by $0.90 […]

04.10.2024

Offshore wind supply chain for fast track scenario in Viet Nam

A handover ceremony of a report “Offshore wind supply chain for fast track scenario in Viet Nam” was held in Ha Noi on October 4. The ceremony was chaired by the Norwegian Ambassador to Viet Nam Hilde Solbakken in the presence of Deputy Minister of Industry and Trade Nguyen Hoang Long. The Viet Nam offshore […]

26.09.2024

China to launch new import terminal to receive LNG from Exxon

Source Guangdong Energy Group of China is set to launch next week commercial operations at a new LNG import terminal, which U.S. supermajor ExxonMobil can use under a long-term agreement, Reuters reported on September 26, citing industry sources. The LNG receiving terminal in Huizhou in the province of Guangdong, southern China, has the capacity to handle […]

24.09.2024

OPEC is highly bullish on long-term oil demand growth

Source Global benchmark Brent crude falling below $70 a barrel in early September — its lowest in 33 months — is terrific news for consumers, who will consequently see lower prices at the pump. It’s also the stuff of nightmares for OPEC+, for whom oil revenues are critical. The oil producer alliance led by Saudi Arabia earlier this month […]

18.09.2024

Vietnam needs to consider energy storage to ensure energy security

Source Vietnam needs to consider the development of battery energy storage system (BESS) while the country is on a path towards promoting renewable energies to ensure energy security and sustainable development, experts have said. According to the Institute of Energy, under the Ministry of Industry and Trade, Vietnam’s power system needs BESS at both renewable […]

13.09.2024

Copenhagen Infrastructure Partners inaugurates its second offshore wind farm in Asia

Source In September 2024, Copenhagen Infrastructure Partners (CIP) officially celebrated construction completion of the Zhong Neng offshore wind farm with a total capacity of 300MW. The project was developed by a joint venture between CIP (Denmark) and CSC, a Taiwanese state-owned enterprise and also Taiwan’s largest steel producer. The Zhong Neng project is located 17 […]

11.09.2024

Oil prices jump 3% as hurricane takes 675,000 bpd offline in the Gulf of Mexico

Source Oil prices climbed nearly three percent on the afternoon September 11, spurred by the fear of supply disruptions as Hurricane Francine bulldozes its way through the Gulf of Mexico, where major operators have already shut-in some production and evacuated some personnel. The price surge comes in spite of the Energy Information Administration’s (EIA) inventory […]

26.08.2024

Oil giant Saudi Aramco’s second-quarter profit dips 3% on lower crude production volumes

Source Saudi state oil giant Aramco reported $29.1 billion in net profit for the second quarter, a dip of just over 3% from the same period last year as crude production volumes remained low. Net income from the first half of the financial year was $56.3 billion, down from $62 billion during the same period last year. […]

26.08.2024

Qatar to supply Kuwait with more LNG under new long-term deal

Qatar will supply LNG to Kuwait under a new long-term deal as the OPEC producer is looking to import more natural gas to meet soaring power demand in the summer. QatarEnergy, the state firm of one of the world’s top LNG exporters, signed on August 26 an agreement to supply 3 million tons of LNG to […]

23.08.2024

Vietnam’s second LNG terminal seeks cargo to begin commissioning tests

Source Vietnam’s Cai Mep liquefied natural gas (LNG) terminal is seeking a cargo to initiate commissioning tests, two industry sources said, putting it on track to become the country’s second terminal to bring in the fuel. As it seeks to reduce reliance on coal, Vietnam has ambitious plans to build up LNG import terminals and a fleet […]

23.08.2024

Equinor Abandons plans to invest in Vietnam offshore wind

Source Norway’s state-controlled energy giant Equinor ASA (NYSE:EQNR) has abandoned plans to invest in Vietnam’s offshore wind sector, dealing a significant blow to the country’s green energy ambitions. According to the World Bank, over the past couple of years, Vietnam has attracted plenty of interest in its clean energy sector thanks to the country’s strong winds in shallow waters […]

21.08.2024

U.S. crude oil exports to peak in 2024

Source Crude exports from U.S. ports have averaged 4.2 million barrels per day so far this year, up a mere 3.5% Y/Y compared to a robust 13.5% growth in 2023. This year’s growth clip is the lowest since 2015, when the country lifted a 40-year federal ban on the export of domestic crude. “U.S. crude exports […]

12.08.2024

OPEC’s oil output jumps by 185,000 Bpd as Iraq continues to overproduce

Source OPEC’s crude oil production jumped by 185,000 barrels per day (bpd) in July compared to June as top producer Saudi Arabia boosted output, Iraq continued to pump well above its quota, and Iran also raised supply, the monthly OPEC report showed on August 12. Total crude oil production from all 12 OPEC members averaged 26.75 […]

07.08.2024

China oil imports slide, fueling demand fears

Source China imported 9.97 million barrels of oil daily last month on average, which was 12% lower than the June figure and 3% lower than the daily import average for July 2023. The data will likely stoke fears about the strength of demand in the world’s largest oil importer and pressure prices. The July decline […]

05.08.2024

Russia’s drilling activity slumps from record high amid OPEC+ cuts

Source Russia’s oil industry has slowed drilling activity this year from the record highs seen in 2023, as Moscow is limiting production as part of the OPEC+ deal and working to boost its compliance rate. In the first half of 2024, rigs employed by Russian oil companies drilled a total of 14,370 kilometers (8,930 miles) […]

30.07.2024

Oil major BP raises dividend as second-quarter profit beats expectations

Source British oil giant BP on July 30 reported stronger-than-expected net profit for the second quarter and raised its dividend despite previously warning of significantly lower refining margins. The oil and gas major posted underlying replacement cost profit, used as a proxy for net profit, of $2.8 billion for the second quarter. That beat analyst expectations […]

23.07.2024

Asia dominating global LNG regasification capacity additions to 2028

Source Asia will continue to dominate global liquefied natural gas (LNG) regasification capacity additions for the next few years, contributing around 68% of the total capacity additions between 2024 and 2028, said analytics provider GlobalData. Asia is expected to add total regasification capacity of 20 trillion cubic feet from new build and expansion projects during […]

19.07.2024

Dung Quat refinery continues to receive crude oil from Dai Hung field

Source The Petrovietnam Exploration Production Corporation (PVEP), the Petrovietnam Oil Corporation (PVOIL), and the Binh Son Refining and Petrochemical JSC (BSR) have signed a contract to supply crude oil from the Dai Hung field to the Dung Quat refinery. In particular, the three reached consensus on the principle contract for the long-term supply of crude […]

15.07.2024

China’s natural gas production surged in first half of 2024

Source China’s natural gas production increased by 6% in the first half of the year compared to the same period a year earlier as state companies are boosting domestic output with new field start-ups. Chinese natural gas production stood at 123.6 billion cubic meters (bcm) in January to June, up by 6% year-over-year, per data by […]

12.07.2024

OPEC+ cuts and demand woes keep oil prices in narrow trading range

Source Oil prices have remained in a narrow $75 to $90 a barrel trading range since the end of 2022, as the OPEC+ group continues to keep supply off the market but often-resurfacing concerns about global oil demand have dampened bullish sentiment. After spiking to above $100 a barrel in the wake of the Russian […]

11.07.2024

Singaporean fund invests $10mn in Vietnamese energy firm

The Southeast Asia Clean Energy Facility II (SEACEF II) has invested US$10 million in Nami Distributed Energy, which is headquartered in Ho Chi Minh City and Hanoi, to promote innovative distributed energy solutions. Singapore’s fund manager Clime Capital, the manager of SEACEF II, announced the investment in Nami Distributed Energy on July 9. The investment […]

10.07.2024

Giant Japanese Group Marubeni steps in Vietnam’s offshore wind supply chain

On 29 Jun 2024, in the series of activities to promote Marubeni’s new business on Offshore Wind’s Supply Chain in APAC, Mr. Seiji Kawamura – head of power business at APAC region, Marubeni Corporation has visited Doosan Enerbility’s factory at Quang Ngai province, Vietnam. Following that, Marubeni Corporation signed an MOU with Doosan Enerbility Vietnam […]

04.07.2024

Saudi Aramco to supply clean energy solutions to China

Source Saudi Aramco looks to work on low-carbon energy solutions with China in addition to its crude oil supply and petrochemicals ventures in the world’s top oil importer, the Saudi oil giant’s downstream director said on July 4. Aramco plans to expand its energy ties with China beyond crude supply and petrochemicals with joint work […]

25.06.2024

Asia coal imports remain strong in June

Coal imports into Asia this month are expected to remain strong despite a slight decline in coal demand from China and India—the biggest importers. Japan, the third-biggest, is the only one of the top coal importers in Asia set to see an increase in imports this month. Reuters’ Clyde Russell reported earlier today that Asia […]

24.06.2024

Mitsui expands shale footprint with Texas purchase

Source Japanese trading major Mitsui has acquired more shale acreage in Texas as it seeks to expand its presence in the prolific region. The asset, dubbed Tatonka, was sold by two private companies—Sabana LLC and Vanna LLC, Mitsui said in a news release. It also noted that the asset has access to the Gulf Coast industrial area […]

17.06.2024

U.S. crude oil rallies more than 2% to top $80 per barrel, adding to last week’s gains

U.S. crude oil rose more than 2% on June 17 to top $80 per barrel, adding to last week’s gains. West Texas Intermediate surged nearly 4% last week, snapping a three-week decline and its best weekly performance since early April. Oil prices are rising on expectations summer fuel demand will draw down inventories and tighten […]

14.06.2024

Renewables could make Japan energy independent by 2060

Source Japan could be energy independent by 2060 if it manages to install enough solar and wind power generation plus battery storage, Jarand Rystad, CEO of consultancy Rystad Energy, has told Reuters. “Japan’s mindset is that we have to import energy because we have no energy ourselves. But with the development in renewable energy technologies, […]

13.06.2024

OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand prediction

Source The head of OPEC said June 13 that the world will need to invest in fossil fuels for decades to prevent an energy shortage, dismissing predictions that oil demand will peak soon. OPEC Secretary General Haitham Al Ghais said oil demand will grow by 25 million barrels per day, or bpd, in the developing […]

13.06.2024

Saudi Aramco to buy LNG from U.S. Rio Grande Project

Source Saudi Aramco expects to buy liquefied natural gas from NextDecade Corporation’s planned train 4 at the Rio Grande LNG export facility in Texas under a 20-year agreement, the companies said on June 13. The Saudi state oil giant and the U.S. LNG developer signed a non-binding Heads of Agreement (HoA) for a 20-year LNG offtake […]

05.06.2024

Vietnam’s coal demand and emissions hit record highs

Despite being a leader in solar and wind generation in Southeast Asia, Vietnam has seen its coal use and coal plant-related emissions hit all-time highs this year, as authorities promise multinational companies reshoring away from China into Vietnam that there wouldn’t be massive blackouts anymore. Coal-fired power reached a record-high 64.6% share of Vietnam’s electricity […]

03.06.2024

OPEC+ extends oil cuts into 2025

Source OPEC and its partners in OPEC+ this weekend decided to extend their production cuts, including both voluntary and group-wide cuts, until 2025. Energy Intelligence’s Amena Bakr reported that the voluntary cuts specifically would be extended until the third quarter of 2024, after which the countries currently cutting would begin to bring back production if the market […]

31.05.2024

OPEC+ expected to extend oil production cuts

Source The OPEC+ group is likely to roll over their current production cuts into the second half of 2024 when producers meet online this weekend, according to analysts and market expectations. The alliance is likely to extend the current 2.2 million barrels per day (bpd) production cuts, four anonymous OPEC+ delegates told CNBC ahead of the crucial […]

29.05.2024

Signs of weakening oil demand in China multiply

Signs of emerging weakness in crude oil demand in the world’s biggest importer of the commodity, China, are casting a shadow over the success of OPEC+ to prop up prices. According to a Bloomberg report, the decline in the housing market is one sign of this weakness, with eleven consecutive months of declines in home sales. […]

29.05.2024

Oil prices rise as OPEC+ meeting draws near

Source Crude oil prices moved higher earlier today ahead of the OPEC+ meeting on Sunday, with most analysts expecting the group to keep production cuts of some 2.2 million barrels daily in place during the second half of the year. Brent crude climbed above $84 per barrel earlier in the day and West Texas Intermediate added over $1 […]

13.05.2024

Asian spot LNG prices rise on signs of stronger demand

Source Asian spot liquefied natural gas prices rose this week on stronger demand amid high temperatures in north and south China, pushing European buyers to bid at relatively narrow discounts to attract sellers. The average LNG price for June delivery into north-east Asia rose to $10.50 per million British thermal units (mmBtu), from $10.40/mmBtu in […]

02.05.2024

OPEC’s oil production falls in April

Source OPEC’s crude oil production fell in April, according to a new Reuters survey, with news of the fall likely to add support to falling oil prices. According to the survey, the results of which were released on Tuesday, OPEC’s crude oil production fell to 26.49 million barrels per day—that’s a 114,000 bpd drop from […]

29.04.2024

Global oil and gas discoveries fell to a record low in 2023

Source Oil and gas discoveries last year fell to a record low of 5 billion barrels of oil equivalent while exploration costs rose close to twofold. This is according to the Gas Exporting Countries Forum, which also said, as quoted by the Anadolu Agency, that 60% of the 5-billion-barrel total was new oil discoveries and the remaining […]

23.04.2024

TotalEnergies to acquire remaining stake in Malaysia’s SapuraOMV

Source TotalEnergies SE is acquiring the remaining 50 percent stake in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn from Sapura Upstream Assets Sdn Bhd (SUA) for $530 million. The energy major in January signed an agreement with OMV AG to acquire its 50% interest in SapuraOMV for $903 million. After the completion of […]

18.04.2024

China’s March jet fuel exports jump 77.4% from a year earlier

Source China’s jet fuel exports in March surged to 1.98 MMt, up 77.4% from the previous year, as international flight volumes ramped up, General Administration of Customs data showed on April 18. Domestic jet-kerosene demand continues to benefit from a fully recovered domestic travel market, with internal flight volumes already above pre-pandemic levels and expected […]

16.04.2024

Japan loads the world’s biggest nuclear reactor with fuel

Source Japan’s Tokyo Electric Power Co. has loaded its biggest nuclear power plant, Kashiwazaki Kariwa, with fuel for the first time since the Fukushima disaster, Bloomberg has reported. The move is part of a nuclear power return on the Japanese scene after the 2011 tragedy, which saw all nuclear reactors in the country turned off. But the […]

12.04.2024

China’s crude oil imports dropped by 6% year-over-year in March

Source Chinese imports of crude oil fell in March by 6% compared to the same month last year as first-quarter crude imports were stable year-over-year amid high volumes of Russian crude flowing to China. China imported 49.05 million metric tons of crude oil last month, which is equal to around 11.55 million barrels per day […]

11.04.2024

PV GAS supplied nearly 70 thousand tons of LNG to EVN for electricity production in 2024

Source Recently, Vietnam Gas Corporation (PV GAS) signed a contract to sell nearly 70 thousand tons of liquefied natural gas (LNG) for the Electricity of Vietnam (EVN) to supplement gas sources for electricity production in 2024. Accordingly, LNG gas will be supplied to Phu My 3 Thermal Power Plant (April-May 2024), adding about 500 million […]

08.04.2024

More Russian LNG being exported to Europe than Asia

Source Russia’s liquefied natural gas (LNG) exports gained over 4% in the first quarter of this year as it increased output to replace sanctioned pipeline gas exports to Europe, Russia’s Kommersant newspaper reported on Apri 8. Citing a 4.3% (8.7 million metric ton) increase in unsanctioned LNG exports in Q1 2024 based on data from […]

05.04.2024

Shell expects lower Q1 earnings from natural gas trading

Source Shell expects the trading results in its Integrated Gas division to be lower in the first quarter of 2024 compared to an exceptionally strong fourth quarter of 2023, the UK-based supermajor said in an earnings preview on April 5. The trading and optimization results in Integrated Gas “are expected to be strong, but significantly lower […]

05.04.2024

Long Son petrochemical complex to begin commercial operation in Q3

Source The Long Son Petrochemicals Co. Ltd. (LSP) has announced that its Long Son petrochemical complex in the southern province of Ba Ria – Vung Tau is on track to begin commercial operation in the third quarter of 2024. Since November 2023, LSP has been conducting comprehensive trial runs across the entire complex, encompassing both […]

03.04.2024

Oil market set to tighten as OPEC+ sticks with production cuts

Source The OPEC+ group is set to continue with its production cuts until at least the end of the first half of 2024 as the alliance’s Joint Ministerial Monitoring Committee (JMMC) did not recommend any changes to output policy at its meeting on April 3. The JMMC is the OPEC+ panel that monitors the situation […]

03.04.2024

Approve the list of key projects of Vietnam’s energy industry

Source On April 2, 2024, Deputy Prime Minister Tran Hong Ha signed Decision 270/QD-TTg approving the list of important national and key programs, works and projects in the energy sector after the Implementation plan of Power Plan VIII was issued. The list of national key energy projects includes: 1. Quang Trach 1 Thermal Power Plant. […]

26.03.2024

Who is posing a challenge to the Japanese petrochemical industry?

Source The chairman of the Petroleum Association of Japan (PAJ), Shunichi Kito, highlighted the need for the industry to strengthen itself in the face of increasing competition from new petrochemical complexes in China and the Middle East. Kito stated that the operating landscape for petrochemical equipment in Japan is expected to face numerous challenges due […]

25.03.2024

SK ecoplant, BCG Energy to develop renewable energy projects in Vietnam

Source BCG Energy, a member of Bamboo Capital Vietnam, has freshly signed a cooperation agreement with SK ecoplant, one of the Republic of Korea’s leading investors in renewable energy, to build a solar and wind power plant with a capacity of 700 MW in Vietnam. Through the deal signed in Seoul on March 22, the […]

25.03.2024

The Mitsui company wishes to participate in the pilot offshore wind power projects that EVN assigned

Source In Hanoi, Deputy General Director of Electricity of Vietnam (EVN) Nguyen Tai Anh just had a working meeting with the Mitsui Company (Japan) led by the Deputy General Director of Block 1 (Asia), Sales Department for infrastructure projects, a Member of Hai Long Project Management Board – Mr. Ryo Zushiden. Exchanged at the meeting, […]

18.03.2024

Global LNG market will ‘be tight’ until 2026

Source The global liquefied natural gas (LNG) market will be tight until 2026, Patrick Pouyanne, CEO of TotalEnergies, said on March 18 at a conference in Houston. France-based TotalEnergies is a top exporter of U.S. LNG. The company will continue to grow its presence in the U.S., Pouyanne said, pointing to a difficult investment environment […]

18.03.2024

Vietnam’s Dung Quat refinery: will keep selling products during maintenance period

Source Vietnam’s Binh Son Refining and Petrochemical will continue selling refined petroleum products from its Dung Quat refinery during a 50-day maintenance period at the facility. The maintenance work began at the 130,000-barrel-per-day Dung Quat refinery on Friday and is expected to last for 48-50 days. The refinery currently has 165,000 cubic meters of petroleum […]

15.03.2024

Japan looks to restart the world’s largest nuclear power plant

Source Japan is stepping up efforts to have local authorities approve the restart of the world’s biggest nuclear power plant, the Kashiwazaki-Kariwa facility north of Tokyo, Japanese newspaper Niigata Nippo reported on March 15. Next week, Japan’s Minister of Economy, Trade and Industry, Ken Saito, is expected to ask the local governor of the Niigata prefecture […]

12.03.2024

OPEC’s oil production rose in February despite cut extension

Source Despite the voluntary production cuts of several major producers of the OPEC+ alliance, OPEC’s oil production rose in February by more than 200,000 barrels per day (bpd) compared to January, driven by higher production in Libya, which is exempted from the OPEC+ supply cuts. Crude oil production from all OPEC members jumped by 203,000 […]

11.03.2024

Saudi Aramco reduces heavy crude supply to Asia

Source Saudi oil giant Aramco is cutting supply of its heavier crudes to Asia in April, due to field maintenance, despite meeting full volume nominations for next month, multiple sources familiar with the plans told Reuters on March 11. Most buyers in China and India will receive the full contractual volumes they had asked for, although […]

08.03.2024

OPEC+ failed to hit its production target yet again in February

Source The OPEC+ group’s combined crude oil production in February was little changed from January and still above the overall output quota that OPEC and its allies pledged when they announced extra voluntary supply reductions, according to the latest Platts survey by S&P Global Commodity Insights. The survey showed total OPEC+ oil production flat in February from […]

04.03.2024

OPEC+ agrees to extend output cuts until Mid-Year

Source Anonymous sources within OPEC revealed on Sunday that certain OPEC members and allies, spearheaded by Russia, have reached an agreement to prolong voluntary oil output reductions from the first quarter into the second quarter of 2024. These cuts, initially totaling approximately 2.2 million barrels per day (bpd), were endorsed by OPEC+ in November, with […]

29.02.2024

Kuwait’s fuel oil exports jump to record as new refinery ramps up

Source Fuel oil exports from one of OPEC’s top crude exporters, Kuwait, are estimated to have hit a record-high level in February, as the new Al-Zour Refinery has ramped up fuel processing to full capacity. In February, fuel oil exports from Kuwait reached a record high of around 720,000 metric tons, equal to 158,000 barrels […]

27.02.2024

OPEC+ could extend output cuts through year end

Source OPEC+’s voluntary production cuts that were set to expire at the end of the first quarter could be extended through the end of the year, three OPEC+ sources told Reuters on February 27. Crude oil prices rose with the news from three anonymous OPEC+ sources who spoke to Reuters, indicating that OPEC+ was considering […]

21.02.2024

bp Indonesia LNG plant shuts down

Source A 3.8-million-ton liquefaction train at bp’s Tangguh LNG plant in Indonesia has been shut down for a week now due to technical problems. This is according to Upstream, which cited local media as saying the liquefaction train at the 11.4-million-ton facility had been shut down for a week now. This has not yet had an […]

20.02.2024

bp plans $1.5bn investment in Egypt’s oil and gas sector

Source The CEO of bp said there is potential for an extra $5bn (£3.97bn) in investments over the coming years. UK oil and gas major BP has plans to make a $1.5bn investment in Egypt aimed at development and exploration activities. The move was disclosed following a meeting between Egyptian President Abdel-Fattah al-Sisi and bp CEO Murray […]

20.02.2024

Qatar to sign new LNG supply contracts in Asia and Europe

Source Qatar is set to announce a series of additional contracts to sell gas to Europe and Asia, reported Bloomberg. According to the country’s energy minister and head of QatarEnergy Saad Al-Kaabi, the Middle Eastern nation could also form new partnerships for the expansion of the North Field project. This move is part of a strategic effort to […]

14.02.2024

Shell expects global LNG demand to jump by 50% by 2040

Source Global demand for liquefied natural gas (LNG) is expected to surge by 50% by 2040, driven by higher demand from Asia, with coal-to-gas switching in China and a boost in LNG consumption to fuel economic growth in South and Southeast Asia, Shell said on February 14. Last year, global trade in LNG reached 404 […]

13.02.2024

OPEC sees strong long-term oil demand

Source Global oil demand is expected to remain robust in the long term and the recent Saudi reversal of production capacity expansion shouldn’t be read as a view of falling demand, OPEC Secretary General Haitham Al Ghais told Reuters on February 13. “First of all, I want to be clear I cannot comment on a Saudi […]

08.02.2024

Russia’s new LNG project can’t begin shipments before March

Source Russia’s newest LNG export project, Arctic 2 LNG developed by Novatek, will not be able to start shipments before March as it is still waiting for at least one ice-breaker tanker that’s still in South Korea, Russian daily Kommersant reported on February 8. Earlier indications were that Arctic 2 LNG of Russia’s top LNG producer […]

05.02.2024

OPEC+ to review oil cut extension in March

Source OPEC+ will decide in March whether or not to extend voluntary oil production cuts in place for the first quarter, two OPEC+ sources said on February 8 after a ministerial panel meeting made no changes to the group’s output policy. Last November, OPEC+ agreed to voluntary output cuts totaling about 2.2 million barrels per […]

05.02.2024

Asia’s oil imports hit an 8-month high in January

Source Strong buying from China and India at the end of last year pushed Asia’s crude oil imports in January 2024 to the highest level in eight months, data compiled by LSEG Oil Research showed on February 1. Crude cargo arrivals in Asia, the prized oil-importing region and the world’s biggest rose to 28.57 million […]

02.02.2024

Japan’s January LNG imports slump to 15-year low

Source Restarts of nuclear reactors, high gas inventories, and increased renewables power generation dragged Japan’s LNG imports in January to the lowest level for the month since 2009, vessel-tracking data compiled by Bloomberg showed on Feb 02, 2024. Last month, Japan imported just 6 million tons of LNG, the lowest level for the month of […]

29.01.2024

Signing a framework agreement for gas trading of Nam Du – U Minh field

Source In Ho Chi Minh City, Vietnam Gas Corporation (PV GAS) with Jadestone Energy Petroleum Company – JSE (United Kingdom-UK) and Vietnam Oil and Gas Group (PVN) have just signed a gas trading framework agreement of Nam Du – U Minh gas field. Nam Du – U Minh gas field including Nam Du gas fields […]

26.01.2024

OPEC+ plans to keep oil production cuts unchanged

Source The OPEC+ group doesn’t have any plans to alter the current oil production policy and cuts when the alliance’s monitoring panel meets next week, OPEC+ delegates told Bloomberg on January 26. OPEC’s Joint Ministerial Monitoring Committee (JMMC), which takes stock of oil market developments and recommends actions to the full ministerial meetings, is scheduled […]

25.01.2024

PM orders sufficient petrol supply during Tet

Source Hanoi (VNA) – Prime Minister Pham Minh Chinh has recently signed an official dispatch, ordering competent ministries, sectors and corporations to fully and drastically roll out measures to ensure sufficient petrol supply for production, business and consumption during the Tet (Lunar New Year) holiday which lasts from February 8 to 14 this year and the time ahead. […]

24.01.2024

OPEC+ spare capacity to keep oil prices in check

Source HSBC Global Research has predicted that Brent crude prices will remain range-bound at $75 per barrel to $85 per barrel in the mid-term as with spare production capacity by OPEC+ enough to offset any geopolitical risks. According to HSBC, OPEC+ will see its spare production capacity increase to 4.5 million b/d at the end […]

19.01.2024

The 5 largest tax-paying businesses in Thanh Hoa province

Source In 2023, Thanh Hoa province collected a total budget revenue of 43,279 billion Vietnamese dong. Of this amount, domestic revenue accounted for over 26,000 billion dong, while revenue from exports and imports reached nearly 17,000 billion dong. Among them, just the top 5 large enterprises contributed over 23,000 billion dong to the budget, accounting […]

16.01.2024

Russia’s crude oil exports top its OPEC+ target

Source Russia boosted its crude oil exports in late December and early January and all its Asia-bound cargoes from its Western ports continue to pass through the Suez Canal/Red Sea route, vessel-tracking data monitored by Bloomberg showed on January 16. Russia’s crude oil shipments averaged 3.43 million barrels per day (bpd) in the four weeks […]

11.01.2024

Global oil demand to rise by 2 million Bpd in 2024

Source Oil demand will continue to set records this year, with global demand growth expected at nearly 2 million barrels per day (bpd) compared to 2023, Wood Mackenzie said in a report on January 11. China will account for around 25% of the worldwide growth in oil demand, according to the energy consultancy. Total global […]

03.01.2024

OPEC+ to hold JMMC meeting next month

Source OPEC+ will hold a Joint Ministerial Monitoring Committee meeting sometime in early February, three sources said on Tuesday, according to media. OPEC+ typically holds JMMC meetings every other month, although volatile market conditions and member unrest have sometimes prompted the group to schedule meetings outside the every-other-month schedule. OPEC+ members collectively decided to voluntarily […]

29.12.2023

China maintains fuel export quotas steady for 2024

Source The first batch of fuel export quotas that China has issued for 2024 is basically unchanged from the first batch of allowances for 2023, Chinese consultancies and trading sources told Reuter on December 29. Chinese refiners are allowed to export diesel, gasoline, and jet fuel under strict quota regulations, with allowances for each refiner […]

27.12.2023

Oil inventories rise toward the end of 2023

Source Crude oil inventories in the United States rose this week by 1.837 million barrels for the week ending December 22, according to The American Petroleum Institute (API), after recording a 939,000-barrel build in crude inventories in the week prior. API data shows a net build in crude oil inventories in the United States of […]

26.12.2023

Oil & gas industry market beat

In the international market​​​​​​​ Oil posts largest weekly gain since October on Red Sea turmoil. Oil posted the biggest weekly gain since October as attacks in the Red Sea forced hundreds of ships to take safer but longer routes, delaying the delivery of oil cargoes. US benchmark WTI edged down to settle below $74 a […]

21.12.2023

Angola decides to leave OPEC

Source Angola is leaving OPEC, Angolan news agency ANGOP reported on December 21, quoting the African producer’s oil minister Diamantino de Azevedo. The decision was taken at a meeting of the Council of Ministers, led by the President of the Republic, João Lourenço, the news agency noted. Jornal de Angola also reported the news. Angola […]

13.12.2023

Reaching the finish line early, Petrovietnam continues to strive to best complete its 2023 goals

Source Last November, although production and business conditions continued to be difficult, the consumer market and prices of petroleum products dropped sharply, Vietnam Oil and Gas Group (Petrovietnam) continuously achieved early target of production and business targets, creating momentum to realize growth aspirations in 2023, in order to contribute more and support the country’s economy. […]

06.12.2023

OPEC oil output drops in November, in first fall since July

Source OPEC oil output fell in November in the first monthly drop since July, a Reuters survey found, as a result of lower shipments by Nigeria and Iraq as well as ongoing market-supporting cuts by Saudi Arabia and other members of the wider OPEC+ alliance. The Organization of the Petroleum Exporting Countries pumped 27.81 million […]

01.12.2023

Brazil won’t cap its oil production despite joining OPEC+ group

Source Brazil, which is set to join the OPEC+ alliance in January, will not have any quota and will not participate in oil production cuts, Jean Paul Prates, the chief executive of Brazilian state-controlled oil giant Petrobras, told Reuters in an interview published on December 1. After the much-anticipated OPEC+ meeting on November 30, the […]

22.11.2023

Oil group OPEC and its allies delay policy-setting meeting by four days

Source Meetings of the influential Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, have been rescheduled from Nov. 25-26 to Nov. 30, sending prices down by over $3 per barrel on November 23 intraday trade. The Ice Brent contract with January delivery was trading at $79.05 per barrel at 13:50 […]

20.11.2023

Oil prices extend gains further on OPEC+ cut predictions

Source Crude oil prices continued their climb on November 20 with gains of over 2% heading into the next OPEC+ meeting on November 26, where the expanded cartel is expected to further bolster voluntary output cuts. At 10:50 a.m. ET on Monday, Brent crude was trading at $82.54, up 2.39%, for a $1.93 gain on […]

17.11.2023

OPEC said to consider additional 1 million Bpd output cut

Source On November 15,2023, JPMorgan’s head of energy strategy Christyan Malek warned that amid the recent plunge in oil prices, driven as much by shorting CTAs (who today are in full-blown short squeeze panic mode) as the Biden admin, the oil market was underestimating the chances of deeper supply cuts during this month’s Nov 26 […]

14.11.2023

Russia’s oil export revenue slips in October

Russia’s oil export revenues declined by $25 million to $18.34 billion in October amid lower international oil prices, the International Energy Agency (IEA) said on November 14. The lower benchmark crude prices more than offset a shrinking discount for Russia’s crude grades versus North Sea Dated, the agency said in its latest Oil Market Report […]

07.11.2023

U.S. crude oil prices fall below $78 a barrel to their lowest since July

Source U.S. crude prices on November 7 fell below $78 a barrel to hit the lowest point since July as weak global economic data overshadowed concerns that the Israel-Hamas war could erupt into a broader regional conflict. West Texas Intermediate fell $3.45, or 4.3%, settling at $77.37 a barrel, while Brent fell $3.57, or 4.2%, […]

06.11.2023

Energy giants’ LNG trading results reveal diverging regional bets

Source Energy giants offered a rare glimpse into their liquefied natural gas (LNG) trading strategies in recent days, with Shell’s and TotalEnergies’ bets on rising Asian demand paying off while BP’s bet on a European deficit turned sour. The contrasting outcomes highlight the risky nature of trading divisions, at times notching up spectacular profits as […]

03.11.2023

Venezuelan oil exports fall, politics threatens sanctions relief

Source Following a six-month easing of sanctions by Washington on Venezuelan oil, the country’s oil exports fell for October, and signs of political interference are now threatening to reverse the sanctions deal. According to Reuters, Venezuela’s October exports dropped by 19% to fewer than 700,000 barrels per day in October, after exporting over 8210,000 bpd in […]

02.11.2023

Shell posts $6.2 billion third-quarter profit, announces $3.5 billion share buyback

Source British oil giant Shell on November 2 reported $6.2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil prices and refining margins. Analysts expected adjusted earnings of $6.48 billion, according to an LSEG-compiled consensus. Profit was higher than the $5.1 billion of the second quarter […]

01.11.2023

OPEC oil output rises for third month

Source OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by increases in Nigeria and Angola and despite ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market. The Organization of the Petroleum Exporting Countries has pumped 27.90 […]

27.10.2023

Oil prices set for first weekly loss in three weeks

Source Despite continued fears that the Hamas-Israel conflict could involve more actors in the Middle East, oil prices were set early on October 27 for their first weekly loss in three weeks amid concerns about the economy and oil demand. As of 10:25 a.m. EDT on October 27, the U.S. benchmark, WTI Crude, was up […]

26.10.2023

TotalEnergies reports 2023 Q3 net income down 35%

Source TotalEnergies on October 26 posted a 35% fall in its third quarter adjusted net income compared to a year ago, hurt by a drop in energy prices from highs hit following Russia’s invasion of Ukraine. The French energy company’s Q3 adjusted net income stood at $6.5 billion. That compared to a record adjusted net […]

25.10.2023

Russia, OPEC to occupy more than 50% of oil market by 2050

Source The share of Russia and OPEC countries on the world oil market will increase in the coming years and will exceed 50% by 2050, according to the annual report World Energy Outlook 2023, published on the website of the International Energy Agency (IEA). “OPEC and Russia’s combined share of global oil supply remains between […]

25.10.2023

Europe’s LNG imports set to surge by 30% in November

Amid expected higher demand at the start of the heating season, LNG imports into northwest Europe are expected to soar by 30% in November compared to October, Montel reported on October 25, citing preliminary estimates from LSEG. With winter heating demand kicking in, LNG imports are set to rise materially in November, although they would […]

20.10.2023

Vietnam seeks Saudi Aramco’s investment in petrochemicals, oil refining

Source Vietnam is seeking investment from oil giant Saudi Aramco in its petrochemical and oil refinery projects, the Southeast Asian country’s government said. Vietnamese Prime Minister Pham Minh Chinh on October 19 met with Aramco’s Yasser M. Mufti, its vice president of production and customers, on the sidelines of a summit of Southeast Asian and […]

19.10.2023

Russia works on design of new natural gas pipeline to China

Source Gazprom is working on the infrastructure design for a new natural gas pipeline to China from Russia’s Far East, the Russian gas giant said on October 19. Russia and China agreed to boost Russian gas deliveries years ago, and Gazprom and Chinese state energy giants have been working for years to raise gas supply […]

10.10.2023

The oil industry and OPEC will attend COP28 climate summit

Source Representatives from the oil industry and from OPEC will attend the COP28 climate summit in Dubai next month, OPEC Secretary General Haitham Al Ghais said on October 10. “The oil industry will be at COP, and we will be there,” Al Ghais said at an energy event in Fujairah, in the United Arab Emirates […]

04.10.2023

Oil prices dip ahead of OPEC+ meeting

Source Crude oil prices dipped in mid-morning trade in Asia earlier today as the market awaits the ministerial meeting of OPEC+ where the officials will discuss production policy. Most observers seem to expect no change to the current approach to price control although a couple of analysts have speculated that the Saudis might decide to […]

29.09.2023

Saudi Aramco enters international LNG market

Source Saudi Aramco is entering the global LNG business by signing a deal to buy a minority stake in LNG company MidOcean Energy, which is in the process of acquiring interests in four Australian LNG projects, the Saudi state oil giant said on September 28. Aramco has signed the definitive agreements to buy a strategic […]

28.09.2023

$100 oil is bad for the economy (and for OPEC+)

Source Crude oil prices are on the rise, driven by stark cutbacks imposed by Saudi Arabia and Russia, the main forces behind OPEC+. The cuts, implemented by the oil cartel in order to bolster oil prices, have been extremely successful, with barrel prices rising by a whopping 30% since June. Now, prices are hovering ever […]

26.09.2023

Kuwait’s oil exports shift from crude oil to petroleum products

Source Kuwait’s oil exports are shifting from crude oil to refined petroleum products following the addition of new refining capacity, according to data in our recently updated Country Analysis Brief: Kuwait. In June and July 2023, Kuwait exported more than 1 million barrels per day (b/d) of petroleum products and liquified petroleum gas, the highest […]

20.09.2023

Japan will ensure stable energy supply even with US sanctions

https://www.reuters.com/business/energy/japan-says-it-will-ensure-stable-energy-supply-after-us-sanctions-related-arctic-2023-09-19/ Japan will ensure stable and steady energy supply to the country even after the U.S. imposed fresh sanctions related to Russia’s Arctic LNG 2 project, Japan’s Chief Cabinet Secretary Hirokazu Matsuno said on September 19. The Arctic LNG 2 project is operated by Russia’s Novatek while Japanese trading company Mitsui & Co and state-owned Japan […]

19.09.2023

Oil closes in on $95 per barrel, hitting $100 in some markets

Source The oil-price rally continued in full force on Monday, with Brent crude closing in on $95 per barrel in early afternoon trading, and some crude grades around the world topping $100. At 12:23 p.m. ET on September 18, brent crude was trading at $94.53, while WTI was trading at $91.81. Elsewhere, Reuters reported that […]

18.09.2023

PV GAS trading completes 2023 LPG business production plan

Source PV GAS Trading has always been dedicating themselves day and night to diligently handle the delivery of each LPG vessel and lorry, ensuring the stable distribution of LPG throughout the national market. Ultimately, September 17, 2023, marked a significant milestone of PV GAS Trading: the company had accomplished its business production plan for 2023. […]

18.09.2023

China’s diesel exports surge in August, have nearly tripled so far in 2023

Source China’s diesel exports in August surged from a year earlier and have nearly tripled so far in 2023 compared to the same time a year ago, data showed on September 18, as refiners take advantage of strong regional refining margins to ship fuel overseas. Exports of diesel, the biggest fuel by share of refinery […]

15.09.2023

ADB financing the rooftop solar power projects (for business part) in Vietnam

Source According to Vietnam News Agency (VNA), on September 11, the Asian Development Bank (ADB) signed a loan agreement worth 13.8 million USD to finance Vietnam Green Yellow Smart Solutions Company (Green Yellow) to deploy the rooftop solar power system for increasing the clean energy supply at affordable prices for business and manufacturing customers. This […]

14.09.2023

TotalEnergies considers $9 billion oil project offshore Suriname

Source TotalEnergies is launching development studies for a 200,000-bpd oil project offshore Suriname worth $9 billion, in what could be the first commercial crude production in the South American country neighboring the new hotspot for discoveries, Guyana. The French supermajor announced this week its intention to start detailed engineering studies (FEED) for a project in […]

12.09.2023

OPEC’s production rises in August

Source OPEC’s crude oil production climbed to 27.45 million barrels per day in August, according to the group’s latest Monthly Oil Market Report (MOMR) published on September 12. A gain of an average of 113,000 bpd was recorded for OPEC’s August output, led primarily by Iran and Nigeria—both exempt from the production quotas. Saudi Arabia’s […]

07.09.2023

China’s August oil imports surge to the third-highest level ever

Source China imported in August the third-highest monthly crude oil volumes ever as crude arrivals surged by 20.9% compared to July and by 30.9% versus August last year, according to Chinese customs data. Chinese crude imports hit 12.43 million barrels per day (bpd) last month, the third highest ever daily rate of arrivals in a […]

06.09.2023

Venezuela seeks Chinese oil investments

Source Venezuela’s vice president and oil ministers are visiting China with the mission of securing investments in the country’s energy industry, Bloomberg has reported, citing unnamed sources. The move to further strengthen ties with China comes as the Biden administration tries to forge a less hostile relationship with Caracas and has already drafted a proposal […]

30.08.2023

Brazil’s oil & gas production hits record highs

Source Brazil’s oil and gas production hit the highest level ever for a single month in July, with production totaling 4.48 million barrels of oil equivalent per day in the period, data from oil regulator ANP has revealed. According to ANP, oil output increased 18.6%Y/Y to 3.51 million barrels per day while natural gas production […]

28.08.2023

Google to begin selling maps data to companies building solar products, hopes to generate $100 million in first year

Source Google is planning to license new sets of mapping data to a range of companies to use as they build products around renewable energy and is hoping to generate up to $100 million in its first year, CNBC has learned. The company plans to sell access to new APIs (application programming interfaces) with solar […]

28.08.2023

BP CEO calls for investments in oil and gas projects, orderly energy transition

Source United Kingdom-based energy giant BP’s Chief Executive Officer Bernard Looney on Saturday called for an energy transition roadmap that is “rapid yet orderly”, while underscoring the importance of maintaining requisite investments in the existing energy systems dominated by the oil and gas sector. Looney’s views were consistent with those of energy-hungry emerging economies like […]

23.08.2023

Saudi Aramco looks to expand downstream business in China

Source Saudi Aramco looks to further bolster its downstream presence in the world’s top crude oil importer, China, the oil giant’s Downstream President, Mohammed Al Qahtani, has said. “China is strategically important to our business growth in Asia and worldwide, and we will remain a reliable source of long-term oil supply,” Al Qahtani was quoted […]

21.08.2023

Petrobras, Japanese partner work on carbon capture at offshore rigs

Source Japanese chemicals company Kureha will partner with Brazilian state energy group Petrobras to develop a new way to capture carbon dioxide from offshore oil fields. Kureha will start developing a new catalyst to be used in a carbon capturing device this fiscal year at its research facility in northeastern Japan, in a joint effort […]

18.08.2023

China’s oil imports from Iran set to hit decade-high in August

Source China is expected to import as much as 1.5 million barrels per day (bpd) of crude oil from Iran in August, the highest since 2013, per estimates from data intelligence firm Kpler cited by Bloomberg. During the period January to July 2023, China received on average 917,000 bpd of oil from Iran, according to […]

10.08.2023

Harbour Energy exits Vietnam with $84 million sale of offshore assets

Source Harbour Energy has entered into Sale and Purchase Agreements to sell its business in Vietnam, which includes its 53.125% interest in the Chim Sao and Dua producing offshore fields, to Big Energy Joint Stock Company for a consideration of $84 million. The divestment results in a country exit from Vietnam for Harbour. Harbour’s 53.125 […]

07.08.2023

Aramco raises Arab Light prices in big bet on Asian refining boom

Source Saudi Aramco raised the official selling price (OSP) for its Arab Light crude oil grade to Asia by $0.30 per barrel for the month of September, to $3.50 above the Oman/Dubai average, Aramco said on August 5. The state-run oil giant also raised the price of its Arab Light crude to Europe by $2 […]

02.08.2023

Oil major BP posts 70% drop in second-quarter profit, raises dividend by 10%

Source Oil major BP on August 1 reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing a trend observed across the energy industry. The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.6 billion. Analysts had expected […]

02.08.2023

OPEC’S production falls by most in 3 years

Source OPEC’s crude oil production fell in July by the largest amount in years, according to a new Bloomberg survey. According to the results of the survey, OPEC’s crude production fell 900,000 barrels per day (bpd) last month, to an average of 27.79 million bpd. It is the sharpest drop since 2020 when the group […]

31.07.2023

Inauguration of Idemitsu Vietnam Green energy plant

Source Officially commenced construction at the end of July 2022 in Binh Dinh, the wood pellet production plant owned by Idemitsu Vietnam Green Energy Company (IGEV), a subsidiary of Idemitsu Kosan Co., Ltd. (Idemitsu Kosan), was fully operational. This commercial plant produces large-scale black wood pellets using advanced heat treatment technology, with an annual production […]

31.07.2023

Kuwait Petroleum Corporation posts net profit of $8.5 billion in last fiscal year

Source Kuwait Petroleum Corporation and its subsidiaries posted a net profit of more than 2.6 billion Kuwaiti dinars ($8.48 billion) in the last fiscal year, the highest in 10 years, the KPC’s CEO said on July 30. Chief Executive Nawaf Saud al-Sabah said in a video on KPC’s YouTube channel the company also increased its […]

28.07.2023

Shell’s earnings plunge on lower oil and gas prices

Source Shell’s second-quarter adjusted earnings nearly halved from the first quarter and fell by more than 50% from the record profits for the same period last year. The company missed analyst forecasts as lower oil and gas prices, refining margins, and LNG trading impacted the supermajor’s performance in Q2. Shell’s adjusted earnings, the metric most closely […]

28.07.2023

Japan’s Jera strives to fire up Nghi Son LNG power plant by 2030

Source Japanese energy company Jera and its Vietnamese partner plan to put the Nghi Son LNG-fired power plant into operation in the fourth quarter of 2030. The investors said they wish to obtain authorities’ in- principal approval for the investment soon, adding that the project would help ensure energy security in the northern region towards […]

21.07.2023

Russian oil and gas revenues may jump by 60% in July

Source Russia’s revenue from oil and gas sales may increase by around 60% in July from May receipts to 844 billion roubles ($9.3 billion), Reuters has reported. The rise in income from oil and gas will, however, be merely a reflection of cyclical patterns. The increase will also help alleviate Moscow’s budget deficit, which stood at […]

20.07.2023

Vietnam approves $11.4bn plan to expand fuel storage capacity by 2030

Source Vietnam will spend an estimated VND270 trillion (US$11.4 billion) by 2030 to enhance its petroleum and gas reserves and strengthen its supply infrastructure. On July 18, Deputy Prime Minister Tran Hong Ha approved a national plan for petroleum and gas reserves infrastructure for the period of 2021-2030, with a vision for 2050. The plan […]

18.07.2023

Kuwait looks to become a top OPEC producer with massive output expansion

Source One of OPEC’s largest producers, Kuwait, plans to boost its crude oil production capacity to 3.15 million barrels per day (bpd) within four years, from 2.7 million bpd now, the government said on July 17. Kuwait also intends to raise its natural gas production by 79% over the next four years, according to the […]

14.07.2023

Russia is preparing to export less oil in August

Source Russia could deliver on at least part of its pledge to reduce oil exports next month as its western ports are planned to ship up to 200,000 barrels per day (bpd) lower crude volumes in August compared to July, Reuters reported exclusively on Friday, quoting sources with knowledge of the export plans. Russia said last […]

12.07.2023

Vessel carrying 70,000 metric tons of liquefied natural gas arrives at southern Vietnam port

Source The Greece-flagged Maran Gas Achilles ship transported 70,000 metric tons of liquefied natural gas (LNG) to the Thi Vai LNG warehouse, located in Ba Ria – Vung Tau Province, southern Vietnam, on July 10. This is the first imported LNG shipment, worth VND830 billion (US$35.2 million), that Petrovietnam Gas Joint Stock Corporation (PV GAS) […]

11.07.2023

OPEC expects global energy demand to jump by 23% by 2045

Source Global primary energy demand is expected to surge by 23% by 2045, OPEC’s Secretary General Haitham Al Ghais said on July 11, adding that all sources will be needed to meet that growing demand. “Global primary energy demand is forecast to increase by a significant 23% in the period up to 2045, which means […]

05.07.2023

Promulgating a Decree for the detailed regulations on a number of articles of the Petroleum Law

Source On July 01, 2023, the Government promulgated Decree 45/2023/ND-CP for the detailed regulations on a number of articles of the Petroleum Law, including regulations on safety in the design, manufacture, construction and operation of petroleum projects. Specifically, the oil and gas projects must be designed, manufactured and constructed according to the national technical regulations, […]

05.07.2023

China is buying natural gas like there’s still an energy crisis

Source China is on a natural gas shopping spree, and officials are happy for importers to keep striking deals even after a global energy crisis has eased. The government continues to back efforts by state-owned buyers to sign long-term contracts and even invest in export facilities, in order to bolster energy security through the middle […]

03.07.2023

Asia refiners expect Saudi Arabia to cut August crude prices

Source Asian refiners expect Saudi Arabia to lower prices for its crude supply to the region in August, a Reuters survey showed, even as the top oil exporter pledged to deepen production cuts in July as part of a broader OPEC+ deal. Saudi Arabia in June unexpectedly raised prices for July-loading cargoes, eating into Asian […]

30.06.2023

Is OPEC locked into supply cuts with oil below $75?

Source As oil prices hover underneath the $75 for a Brent barrel, OPEC has likely found itself stuck with the extra supply cuts it took on—mainly Saudi Arabia—a hedge fund manager told Bloomberg on June 30. “It would be too damaging to prices to remove it at this time, given the fragility of sentiment,” hedge […]

28.06.2023

Norway approves $18.5 billion investment in oil and gas projects

Source Norway approved on June 28 the development of 19 offshore oil and gas projects worth more than $18.5 billion (200 billion Norwegian crowns) in investments, as Western Europe’s top oil and gas producer looks to sustain the high production from its continental shelf. The 19 projects approved on June 28 include new developments, additional […]

27.06.2023

Europe’s LNG imports surpass pipeline gas imports for first time ever

Source Europe’s LNG imports rose last year to levels that surpassed its imports of natural gas via pipeline, according to new data from the Energy Institute. Europe scrambled last year to distance itself from Russian pipeline gas after Russia invaded Ukraine and threatened to cut off gas shipments to several European nations. As Bloomberg noted […]

23.06.2023

India looks to fund state refiners’ Net-Zero operations goals

Source India’s government this week asked some of the biggest state oil refiners to launch rights issues with which the authorities plan to help fund the firms’ net-zero and energy transition goals, Reuters reported on June 23, quoting sources with knowledge of the matter. The government will be seeking equity in Indian Oil Corp and […]

22.06.2023

Japan’s Mitsui says no plans to exit Russia’s Sakhalin-2 LNG project

Source Japanese trading house Mitsui & Co has no plans to withdraw from the Sakhalin-2 liquefied natural gas (LNG) project in Russia, a senior executive said on June 21, adding the operation was continuing super-chilled fuel exports to Japan. “We have decided last year to keep our stake in the Sakhalin-2 after consulting with the […]

16.06.2023

Japan, OPEC to establish high-level dialogue

Source Japan and the Organization of the Petroleum Exporting Countries (OPEC) have agreed to establish a dialogue between senior officials, Nikkei reported on June 14, as the world’s fourth largest oil importer looks to beef up energy security. Japan’s parliamentary vice minister for foreign affairs Kei Takagi met with OPEC Secretary-General Haitham al-Ghais at the […]

13.06.2023

US oil output to rise to record high in July but growth narrowing

Source U.S. oil output from top shale-producing regions is due to rise to the highest on record in July, but the size of the increase is expected to be the smallest since December, U.S. Energy Information Administration data showed on June 12. U.S. oil output is expected to rise to 9.38 million barrels per day […]

12.06.2023

Argentina says Chevron to invest $500 million in Vaca Muerta shale area

Source U.S.-based oil major Chevron will invest more than $500 million to develop the Trapial block in western Neuquen province, home to the massive Vaca Muerta shale basin, Argentina’s economy ministry announced on June 19. The announcement followed a meeting between Economy Minister Sergio Massa and company officials, according to a ministry statement. The new […]

09.06.2023

Shell’s home energy retail unit to exit UK, Netherlands and Germany

Source Shell said June 6 that its home energy retail unit will pull out of the U.K., Netherlands and Germany, with a sales process already underway. The energy major said it intends to reach an agreement with a potential buyer in the coming months, with completion subject to usual regulatory and other approvals. Shell said […]

09.06.2023

Petronas first quarter 2023 earnings

Source Key Financial Results Revenue: RM8.65b (up 14% from 1Q 2022). Net income: RM301.8m (up 155% from 1Q 2022). Profit margin: 3.5% (up from 1.6% in 1Q 2022). The increase in margin was driven by higher revenue. EPS: RM0.30 (up from RM0.12 in 1Q 2022). Petronas Dagangan Berhad Earnings Insights Looking ahead, revenue is forecast […]

07.06.2023

Saudi pledges big oil cuts in July as OPEC+ extends deal into 2024

Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi’s energy ministry said the country’s output would drop to 9 million barrels per day (bpd) in July from around 10 million […]

02.06.2023

Exxon And Chevron close to signing gas exploration deals in Algeria

Source ExxonMobil and Chevron could gain access to Algeria’s vast natural gas resources as the U.S. supermajors are in advanced talks for exploration and production deals in the North African country, The Wall Street Journal reported on June 2, quoting sources with knowledge of the talks and Algerian Energy Minister Mohamed Arkab. Algeria holds huge […]

31.05.2023

OPEC would welcome Iran’s return to the international oil market

Source OPEC will welcome the return of Iran to the international oil market once the U.S. lifts sanctions from Tehran, the secretary general of the cartel said. “We believe that Iran is a responsible player amongst its family members, the countries in the OPEC group. I’m sure there will be good work together, in synchronization, […]

30.05.2023

Saudi Arabia will have hydrogen buses running in 2024

Source Saudi Arabia will begin producing hydrogen fuel next year for buses and trucks, the CEO of Neom Green Hydrogen Company said on May 30. Hydrogen production for buses and trucks will begin mid-2024, CEO Dave Edmondson said. NEOM Green Hydrogen Company—an equal joint venture by ACWA Power, Air Products, and NEOM—said earlier this month […]

25.05.2023

PV Gas buys commissioning LNG Cargo for Vietnam’s first LNG import terminal

Source On May 22, 2023, Vietnam Gas Corporation (PV GAS) signed a Confirmation Notice with supplier Shell, whereby Shell will deliver the first LNG cargo to Vietnam. In order to import LNG for the commissioning and commercial operation of the 1MMTPA LNG terminal in Thi Vai, PV GAS issued an offer to buy on April […]

25.05.2023

Saudi oil minister warns market speculators to ‘watch out’ ahead of OPEC+ meeting

Source Saudi Oil Minister Prince Abdulaziz bin Salman on May 23 told market speculators to “watch out,” reiterating his warning that they could face pain ahead. “Speculators, like in any market, they are there to stay. I keep advising that they will be ouching. They did ouch in April. I don’t have to show my […]

23.05.2023

Asia to drive oil demand growth in second half

Source Asia will lead oil demand growth of around 2 million barrels per day (bpd) in the second half of the year, a senior executive at Vitol (VITOLV.UL) said on Monday, an increase that could potentially lead to a shortage of supply and drive up prices. International benchmark Brent crude has fallen to around $75 […]

19.05.2023

Shell to use new AI technology in deep sea oil exploration

Source Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep-sea exploration and production to boost offshore oil output, the companies said on May 17. SparkCognition’s AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the largest oil producer in […]

18.05.2023

BP looks to expand its biofuels business

Source Supermajor BP is weighing the possibility of investing directly in feedstock crop farming and buying stakes in producers of biofuel feedstock as it is accelerating its biofuels business, Nigel Dunn, Senior Vice President Biofuels at BP, told Reuters in an interview published on May 17. “Biofuels are an easy way for our customers to […]

15.05.2023

Iraq does not expect OPEC+ to make further cuts at June meeting

Source Iraq does not expect OPEC+ to make further cuts to oil output at its next meeting in June, its oil minister Hayan Abdel-Ghani said, in the first indication from an OPEC minister about a potential decision as oil prices slide. “At the next meeting, which will be held on the 3rd and 4th (of […]

11.05.2023

US transition to green energy will take ‘decades’ predicts Chevron exec: ‘A role for oil and gas’

Source Chevron is growing its oil and gas business, but that growth is coupled with investments in renewable energies, Parfitt told Fox News Digital at the Milken Institute Global Conference last week. “We have a big oil and gas business, and we’re trying to grow our oil and gas business. … But critically, we’re trying […]

10.05.2023

Japan to increase investments in natural gas projects offshore Mozambique

Source Japanese investors will be supported to increase investment in natural gas projects in Mozambique as the Southeastern African country aims to develop giant offshore projects, Prime Minister Fumio Kishida said. Japan will encourage “the entry of more Japanese businessmen” in Mozambique, Kishida said on Thursday in the capital, Maputo. “Cooperation in the energy sector […]

05.05.2023

Saudi Arabia cuts price of oil to Asia

Source Saudi Arabia has cut the official selling price (OSP) for its Arab Light crude oil to Asia, sources said on April 4. That makes the Arab Light grade price a premium of $2.55 per barrel compared to the Oman/Dubai average. The cut, to go into effect next month, represents a $0.25 per barrel cut […]

04.05.2023

Exxon delivers record first-quarter profit on higher output

Source Exxon Mobil Corp made a record first-quarter profit by pumping more oil and gas, beating analyst estimates and taking shares to an all-time high. Exxon doubled profits from the same quarter last year as higher output more than compensated for lower energy prices. Shares rose 2.3% to a record high of $119.52 per share […]

04.05.2023

Chevron could raise oil output in Venezuela by 50%, CEO says

Source U.S. oil producer Chevron Corp could raise its production in Venezuela this year by up to 50%, to 150,000 barrels of oil per day (bpd), without significant new investments, Chief Executive Michael Wirth said on April 28. The second-largest U.S. producer in November became the first U.S. producer to get a license from the […]

28.04.2023

U.S. venture global signs 20-Year deal to supply LNG to Japan

Source Venture Global LNG has signed a 20-year deal to sell 1 million tons per year of liquefied natural gas from its upcoming CP2 LNG export facility in Louisiana to Japanese customer JERA, the U.S. LNG exporter said on April 28. The CP2 LNG export terminal will be located on a site adjacent to Venture […]

25.04.2023

Japan receives first low-carbon ammonia cargo from Saudi Arabia

Source Japan received its first low-carbon ammonia cargo from Saudi Arabia on April 21 which it plans to use for co-firing with fossil fuels to reduce carbon emissions, a joint statement from the four companies involved in the deal said. Energy-poor Japan wants to add hydrogen and ammonia to its energy mix, a move criticized […]

24.04.2023

Ukraine calls on energy giant Shell to tap its massive ‘blood money’ profits from Russia’s invasion and donate $1 billion to rebuild the country

Source Oil and gas companies reported some of their highest annual profits in history earlier this year, cashing in on gas prices that soared because of Russia’s invasion of Ukraine. But critics say energy giants are indirectly prolonging the war with their record revenues, with some Ukrainian officials even calling for a redistribution of profits […]

20.04.2023

ExxonMobil to halt operations at Colombian oil field

Source ExxonMobil is withdrawing from the joint operating agreement (JOA) with Patriot Energy Oil and Gas, a subsidiary of Sintana Energy. In a statement, Sintana said that the oil giant has sent a notice to Patriot that it is withdrawing from the JOA, effective 31 May 2023. ExxonMobil is also withdrawing from the contract with […]

18.04.2023

Chevron expands footprint in East Med natural gas basin

Source U.S. oil and gas giant Chevron is looking to explore for natural gas off the coasts of Cyprus, Egypt, and Israel as the region’s energy demands grow. In a lease tender issued on April 17, the company is seeking a drilling vessel for 2024 with an option to extend its use for several years. Chevron […]

17.04.2023

G7 ministers set big new targets for solar and wind capacity

Source The Group of Seven rich nations on April 16 set big new collective targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward a quicker phase-out of fossil fuels. But they stopped short of endorsing a 2030 deadline for phasing out coal that Canada and other […]

13.04.2023

OPEC raises forecast for China’s oil demand growth again

Source Chinese oil demand is set to grow by 760,000 barrels per day (bpd) this year, OPEC said on April 13, raising slightly its demand growth outlook for China while leaving global oil demand projections unchanged from last month. China’s oil demand is now expected to average 15.61 million bpd this year, up by 760,000 […]

11.04.2023

PVN is maintaining the production output at high level

Source The Vietnam Oil and Gas Group (PVN) informed that, In the first quarter of 2023, although the economic situation of Vietnam faced many difficulties, PVN continuously held fast to the stable production, business rate and maintained the production output at high level. The production and business of PVN in 2023 first quarter as follows: […]

11.04.2023

Saudi Arabia to maintain oil supply to Asia despite OPEC+ cuts

Source The world’s top crude oil exporter, Saudi Arabia, will keep supplying at least several refiners in North Asia with full contractual volumes of crude in May, despite the 500,000 bpd Saudi production reduction as part of the latest OPEC+ cuts beginning next month, sources familiar with the plans told Reuters on April 3. Since […]

07.04.2023

India plans to add 250 GW of renewable energy capacity by 2028

Source India is looking to boost its renewable energy capacity by 250 gigawatts (GW) over the next five years as part of a plan to have 500 GW of installed clean energy capacity by 2030. The Indian government will invite bids for installation of 50 GW of renewable capacity each financial year until the 2027/2028 […]

05.04.2023

OPEC+ cuts put $100/bbl oil back in sight

Source Surprise new cuts to the OPEC+ group’s output targets could push oil prices towards $100 a barrel, setting the scene for another clash with the West grappling with higher interest rates, analysts and traders said on March 3. The decision signals unity within OPEC+ despite Washington’s pressure on its Gulf allies to weaken their […]

03.04.2023

OPEC oil production drops in March

Source Crude oil production from OPEC declined by 70,000 barrels per day (bpd) in March compared to February, as operators suspended some production in Kurdistan due to a halt in exports from the Mediterranean and as Angola carried out some field maintenance, the monthly Reuters survey showed on March 3. All 13 OPEC members produced […]

31.03.2023

Shell puts a stop to Singapore biofuels, base oil projects

Source Shell has decided not to go ahead with two projects it was studying to produce biofuels and base oils in Singapore, a company spokesperson said on March 30. “We can confirm that we are stopping the exploration of two projects – a biofuels unit and a Group II base oil plant in Singapore,” the […]

29.03.2023

BP, ADNOC offer to buy 50% of Israel’s NewMed Energy

BP and Abu Dhabi’s state oil giant on March 28 offered to jointly acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion, making their entry into Israel’s growing energy sector. Abu Dhabi National Oil Co (ADNOC) and BP said they intend to form a new joint venture as part of […]

23.03.2023

TotalEnergies’ bet on gas means no big emissions cut by 2030

Source French oil major TotalEnergies forecasts its overall greenhouse gas emissions will not see a big reduction by 2030 given it wants to grow its gas business, executives said in an update on its climate strategy on March 21. TotalEnergies plans to boost its liquefied natural gas (LNG) output by 40% this decade. Chief Executive […]

21.03.2023

New report estimates a $110 trillion price tag for net zero emissions

Source Global investments in the energy transition would need to increase to $3.5 trillion per year if the world is to become a net-zero place by 2050, a climate change think tank has said in a new report, in which it noted there were no fundamental barriers to the net-zero plan. That spending would total […]

13.03.2023

Saudi oil giant Aramco posts record $161 billion profit for 2022

Source Saudi Arabia’s state-controlled oil giant Aramco on Sunday reported a record net income of $161.1 billion for 2022 — the largest annual profit ever achieved by an oil and gas company. Aramco said net income increased 46.5 percent over the year, from $110 billion in 2021. Free cash flow also reached a record $148.5 […]

09.03.2023

OPEC is cautiously optimistic about China’s 2023 oil demand

Source OPEC is cautiously optimistic about China’s oil demand this year, expecting consumption growth of between 500,000 barrels per day (bpd) and 600,000 bpd in 2023 compared to 2022, OPEC’s Secretary General Haitham Al Ghais said at the CERAWeek energy conference in Houston on March 7. “With China opening up, we are quite optimistic, cautiously,” […]

07.03.2023

Energy shortages are set to persist through 2023

Source Energy shortages are likely to persist this year in various parts of the world because of project delays resulting from continued supply chain challenges – the legacy of the pandemic lockdowns – as well as lower Russian gas supplies to Europe and extreme weather. This is according to management consultancy Brunel, which just published […]

03.03.2023

Vietnam’s Long Son petrochemicals complex to start operations by mid-year

Source Long Son Petrochemicals, a unit of Thailand’s SCG Chemicals, will start commercial production at its petrochemical complex in southern Vietnam by mid-2023, the company said on March 2. The $5-billion facility in Ba Ria Vung Tau province will produce 1.4 MMtpy of plastic resins, it said in an emailed statement. Its annual output will include 500,000 tpy of […]

02.03.2023

Saudi Aramco looks to invest in LNG export facility abroad

Source Saudi Aramco is interested in investing in an LNG export facility outside Saudi Arabia and is in early talks with developers aiming to secure a stake in a project in the United States or Asia, Bloomberg reported on March 1 quoting sources familiar with the matter. The Saudi oil giant, the world’s largest oil […]

02.03.2023

Oil price rises on Chinese demand rebound

Oil rose on March 2 on signs of a strong economic rebound in top crude importer China, but fears over the impact of potential increases to European interest rates kept prices from moving higher. Brent crude futures were up 44 cents, or 0.5%, at $84.75 a barrel by 11:22 a.m. EST (1622 GMT). U.S. West […]

21.02.2023

China’s renewable energy revolution is running into roadblocks

Source The renewable energy industry in China faces hurdles in land access and access to the grid, and despite the rapid development, it still needs policy support to overcome those issues, China’s National Energy Administration (NEA) said on February 20. Large-scale solar and wind power projects are increasingly competing with agriculture for land and for […]

17.02.2023

Japan’s Idemitsu shuts Hokkaido CDU due to system trouble

Source Japanese oil refiner Idemitsu Kosan Co has shut the 150,000 barrel-per-day (bpd) crude distillation unit (CDU) at its Hokkaido refinery in northern Japan on Feb. 14 due to system trouble, a company spokesperson said on February 17. He declined to comment on details of the glitch, but said it expects to restart operations soon.

14.02.2023

OPEC raises World oil demand forecast for 2023

Source OPEC has raised its world oil demand growth forecast for 2023 by 100,000 bpd, to 2.3 million bpd the organization said on February 14 in its latest edition of the Monthly Oil Market Report. The demand growth forecast calls for 400,000 bpd in growth from Organization for Economic Cooperation and Development (OECD) countries and […]

10.02.2023

BP shares have jumped nearly 20% this week

Source Investors seem to have liked BP’s latest strategy update that told of its goal to produce more oil and gas in the short term as the UK-based supermajor is once again worth more than £100 billion ($121 billion) on the London stock exchange for the first time in three years. BP’s (LON: BP) shares […]

09.02.2023

Total puts investment in $50 billion hydrogen project on hold

Source French TotalEnergies is putting on hold its plans to take a 25% stake in embattled Adani Group’s $50 billion hydrogen project, pending what it has called “clarity” over recent allegations that have caused Adan’s stock to plunge and even led to anti-government street protests in India. As one of Adani’s biggest foreign investors with existing […]

07.02.2023

China’s economic recovery to boost oil demand

Source Oil producers may have to reconsider their output policies following a demand recovery in China, the world’s second-largest oil consumer, the International Energy Agency’s Executive Director Fatih Birol said on February 4. Demand in China, the world’s largest crude importer and No. 2 buyer of liquefied natural gas, has become the biggest uncertain factor […]

03.02.2023

OPEC’s oil production drops in January as Saudi Arabia cuts output

Source OPEC’s crude oil production fell in January by around 60,000 barrels per day (bpd) due to cuts by top producer Saudi Arabia which may have been steeper than the Kingdom’s quota, a survey carried out by Bloomberg showed on February 2. The entire OPEC-13 organization saw crude oil production drop to 29.12 million bpd […]

30.01.2023

Chevron annual profit doubles to record $36.5 B, but misses estimates

Source Chevron Corp. on January 27 posted a record $36.5 B profit for 2022 that was more than double year-earlier earnings but fell shy of Wall Street estimates, undercut by an asset write-down and a retreat in oil and gas prices. The second largest U.S. oil producer’s adjusted net profit for 2022 beat by about […]

19.01.2023

Japan’s crude oil imports increase for the first time in a decade

Source Crude oil imports in Japan, the world’s fourth-largest crude buyer, jumped by 8.5% annually in 2022, the first yearly increase in a decade, while the value of crude imports nearly doubled to a record, data from the Japanese Finance Ministry showed on January 19. Last year, many large energy importers – including resource-poor Japan […]

12.01.2023

PetroVietnam 2022 crude oil output flat at 10.84 mln tonnes

Source PetroVietnam reported crude oil output of 10.84 million tonnes in 2022, flat from a year earlier and 24% above its official target, Vietnam’s Ministry of Industry and Trade said. The state-owned oil firm’s output includes 8.98 million tonnes from domestic fields and 1.86 million tonnes from foreign fields, the ministry said in a statement […]

11.01.2023

Brazil’s Petrobras to cut natural gas prices by 11.1%

Source Petrobras will cut the price of natural gas for its customers by 11.1% from February 1 compared to the November-January period due to lower international oil prices and depreciation of the Brazilian currency, Brazil’s state-held oil and gas firm said on January 10 Petrobras updates the price of natural gas on a quarterly basis […]

09.01.2023

Shell to take $2 billion fourth-quarter tax hit after new EU, UK levies

Source Oil and gas major Shell said on January 8 expects to take a $2 billion hit for the fourth quarter as a result of new taxes in the European Union and U.K. “The Q4′22 earnings impact of recently announced additional taxes in the EU (the solidarity contribution) and the deferred tax impact from the […]

05.01.2023

Chairman of THPC Mr. Do Minh Tuan and the delegation paid the pre-Tet visit to NSRP

Upon the Vietnamese New Year, on the morning of January 4, 2023, Mr. Do Minh Tuan, Deputy Secretary of Thanh Hoa Provincial Party Committee, Chairman of Thanh Hoa Provincial People’s Committee, and Thanh Hoa delegation has paid a pre-Tet visit to Nghi Son Refinery and Petrochemical Co., Ltd. (NSRP). Joining the delegation were representatives of […]

31.12.2022

Chevron sending tanker to Venezuela to load oil

Source U.S. oil company Chevron has a tanker on the way to sanctioned Venezuela, where it will pick up a load of crude oil destined for the United States. The crude cargo will be the first Venezuelan crude oil shipment to arrive in the United States in almost four years, according to a Reuters source. […]

27.12.2022

Japan signs new LNG deals to diversify natural gas supply

Source Japanese firms have signed new long-term agreements to buy LNG from the United States and Oman as Japan looks to cater for its energy security and further diversify its LNG sourcing options. INPEX Corporation, the major gas firm in Japan, announced on December 26 a long-term Sales and Purchase Agreement with U.S. supplier Venture […]

26.12.2022

Japan minister signs clean energy cooperation document during Saudi visit

Source Saudi Arabia and Japan signed a memorandum of cooperation (MoC) in the fields of the circular carbon economy, carbon recycling, clean hydrogen and fuel ammonia, the Saudi Energy Ministry said on Twitter. The MoC was signed by Saudi Energy Minister Prince Abdulaziz bin Salman and Japanese Industry Minister Yasutoshi Nishimura, who is visiting the […]

23.12.2022

Asia jet fuel set for bumpy ride in 2023 despite some China recovery

Source The resumption of flights in China, Asia’s top jet fuel consumer, should provide a tail wind for a recovery in demand for aviation fuel across Asia in 2023 although the journey could be a bumpy one. Among oil products, jet fuel is expected to be the last to return to pre-COVID demand levels in […]

22.12.2022

New gas discovery for TotalEnergies and Eni off Cyprus

Source France’s TotalEnergies and Italian Eni, two oil and gas majors, have made a new gas discovery at the Zeus-1 well in Block 6 located offshore Cyprus. The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs, which, as the partners said, re-enforces the promising outlook for the area and its development. […]

20.12.2022

Japan sounds out oil refiners on buying Russian oil from Sakhalin-2 -sources

Source Japan is sounding out major oil refiners about buying Russian ultra-light crude from the Sakhalin-2 gas and oil project to ensure that the plant can continue to operate smoothly, two sources with direct knowledge of the talks said. The Sakhalin Island complex, partly owned by Gazprom and Japanese companies, is vital to Japan’s energy security […]

16.12.2022

Aramco And TotalEnergies to build $11 billion Petrochemical Complex

Source French supermajor TotalEnergies and Saudi oil giant Aramco will build a massive petrochemical complex in Saudi Arabia worth $11 billion, the two companies said in a joint statement on December 15. The “Amiral” petrochemical complex will be owned, operated, and integrated with the existing SATORP refinery in Jubail on Saudi Arabia’s eastern coast. The […]

15.12.2022

Idemitsu sees cleaner fuels making profit contribution by 2030

Source Idemitsu Kosan Co Ltd , Japan’s No. 2 oil refiner, expects cleaner fuels such as ammonia, green pellets and sustainable aviation fuel (SAF) to contribute to its profits by 2030, its president said. Like global energy giants, Idemitsu is changing its portfolio by scaling down fossil fuel assets while investing in greener energy and […]

12.12.2022

China’s December refined oil exports may hit record near 7 MMt

Source China may close the year with record shipments of key transportation fuels in December as refiners rush to use their export quotas and maximize overseas profits to compensate for tepid domestic fuel demand caused by COVID-related curbs. December exports of diesel, gasoline and aviation fuel combined are estimated at 6.5 million to 7.1 MMt, […]

09.12.2022

ExxonMobil to invest $17 B in lower-emissions efforts

Source ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business. The corporate plan through 2027 maintains annual capital expenditures at $20-$25 billion, while growing lower-emissions investments to approximately $17 billion. This disciplined approach […]

09.12.2022

Oil gives up the year’s gains, closing at 2022 low

Source The price of oil fell to its lowest level this year on December 7, forfeiting all of the gains since Russia’s invasion of Ukraine exacerbated the worst global energy supply crisis in decades. The world’s most actively traded commodity surged to nearly $140/bbl in March, close to an all-time record, following the launch of […]

02.12.2022

Oil prices could sink without further OPEC+ action

Source Oil prices could sink if OPEC+ acts in line with market expectations and agrees to keep production quotas stable for another month, some analysts told Reuters. The OPEC+ group meets on November 26—although this meeting was recently determined to be a virtual one. The virtual nature of the meeting has signaled to some that […]

30.11.2022

EVN and Marubeni start-up cooperation for reducing carbon emissions

Source In Hanoi, Mr. Tran Dinh Nhan – General Director of Electricity of Vietnam (EVN), and Mr. Seiji Kawamura – Executive Director of the Oversea Power Business Board and Executive Director in charge of the Asian power market of the Japanese Marubeni Group discussed the signed MOU and start cooperation programs for reducing carbon emissions. […]

29.11.2022

European enterprises are ready to invest billions of dollars in wind power projects in Vietnam

Source Within the framework of the Forum and Green Economy Forum and Exhibition GEFE 2022, on November 28, in Thu Duc City, Ho Chi Minh City, Prime Minister Pham Minh Chinh received leaders of major European corporations, including Equinor, CIP, Mainstream, Vestas, Airbus, HSBC, Suez, Siemens Gamesa, Schneider… At this event, European Enterprises showed that […]

24.11.2022

Chevron could get approval to ramp up oil production in Venezuela

Source Three well-placed unnamed sources have told Reuters that Washington could grant Chevron approval to significantly boost oil production in Venezuela as early as this weekend, if the government of Nicolas Maduro resumes talks with the opposition. This potential would mean an easing of sanctions against Venezuela at a time when the United States is pushing […]

21.11.2022

Idemitsu to invest $5 bln in next 3 years to drive energy transition

Source Japan’s No.2 oil refiner Idemitsu Kosan Co said on Wednesday it will invest 690 billion yen ($5 billion) over the next three years to March 2026 to step up its energy transition while scaling down fossil fuel assets to tackle climate change. “Our plan is to reduce fossil fuel business assets by 20% by 2030 […]

18.11.2022

Chinese refiners seek government help to keep Russian oil flowing

Source Chinese state refiners have sought help from the country’s government to secure the continued flow of Russian crude oil after EU sanctions on the commodity enter into effect next month, according to unnamed sources cited by Bloomberg. The sanctions—part of an EU embargo on Russian crude—are coordinated with the G7 price cap on Russian […]

16.11.2022

Shell begins operations at polymers plant in Pennsylvania

Source Shell Chemical Appalachia LLC announced it has commenced operations of its Pennsylvania Chemical project, Shell Polymers Monaca (SPM). The Pennsylvania facility is the first major polyethylene manufacturing complex in the Northeastern United States and has a designed output of 1.6 MMt annually. “Building this world-class facility is a fantastic achievement and one the team […]

11.11.2022

Refiner Phillips 66 to boost investor returns by up to $12 B

Source Refiner Phillips 66 said it plans to return up to $12 B more to shareholders by end-2024 through dividends and stock buybacks, sending its shares up as much as 3%. Refiners have minted huge profits this year, with plants running at record levels to meet strong export demand due to a supply squeeze following […]

09.11.2022

Large crude build weighs on oil prices

Source The American Petroleum Institute (API) reported a large build this week for crude oil of 5.618 million barrels. U.S. crude inventories have grown by roughly 31 million barrels so far this year, according to API data, while the U.S. Strategic Petroleum Reserves fell by more than six times that figure, at 197 million barrels. The build […]

07.11.2022

China’s oil imports rise for the first time since May

Source China’s crude oil imports ticked up in October for the first year-over-year increase since May, reaching 43.14 million tons, according to official customs data. The amount is equal to about 10.5 million barrels daily, based on a conversion rate of 7.33 barrels to a ton. The October figure compared with an import rate of […]

04.11.2022

Asian natural gas importers race to stock up ahead of winter

Source Japan, South Korea, and China are increasing the pace of stockpiling on natural gas ahead of the winter with inventory levels above the five-year average as the biggest energy importers in North Asia look to avoid buying LNG on the spot market during the winter. LNG inventories at city gas providers in Japan are […]

04.11.2022

Japan to maintain stake in Russia’s Sakhalin-1 oil project

Source Japanese stakeholders in the Sakhalin-1 oil and gas project in eastern Russia will retain their stake in the undertaking by joining a new Russian operator recently established under a decree, the industry minister said Friday, as the project remains a vital source of energy for resource-poor Japan. The Japanese government and companies including major […]

02.11.2022

BP looking at billions in buybacks for Q4

Source British oil and gas supermajor BP Plc has announced plans to buy back $2,5 billion in shares after an impressive third quarter. BP delivered strong Q3 results that far exceeded market expectations, including adjusted net income of $8.15B that topped the $6.1B analyst consensus. The robust earnings are nearly 5 billion more than the company’s […]

28.10.2022

TotalEnergies books record quarterly profit as LNG business booms

Source TotalEnergies reported on October 27 an adjusted net income of $9.9 billion for the third quarter—more than double the adjusted earnings for Q3 2021 and a record for the company. Net income stood at $6.6 billion after taking into account a new impairment of $3.1 billion related to Russia. Despite the impairment, the net […]

27.10.2022

Saudi oil giant Aramco unveils $1.5B sustainability fund

Source Saudi oil and gas company Aramco unveiled a $1.5 billion fund on Wednesday for sustainable investments, part of efforts to burnish the state-owned company’s green credentials in an announcement ahead of the U.N. climate conference next month in Egypt. Aramco CEO Amin Nasser said at an investment conference in Saudi Arabia that the fund […]

18.10.2022

Russia removes Exxon from major oil and gas project

Source Russia has removed Exxon as a shareholder from the Sakhalin-1 oil and gas project and transferred its stake to a Russian business entity. Exxon said this amounted to expropriation and that it had pulled out from Russia as a whole, the Wall Street Journal reported. Exxon had a 30-percent stake in Sakhalin-1 but a […]

14.10.2022

Biden administration asked Saudi Arabia to postpone OPEC decision by a month, Saudis say

Source The Biden administration asked Saudi Arabia, the de-facto leader of oil producer group OPEC, to delay its decision on oil output by a month, the kingdom said in a statement. The Saudis declined, and in early October OPEC+ — which includes non-OPEC oil exporters like Russia — announced its largest supply cut since 2022, […]

13.10.2022

OPEC raised oil production in September but remained below target

Source OPEC raised its crude oil production by 146,000 barrels per day (bpd) in September compared to August, but the ten OPEC members in the OPEC+ pact still had their total output well below the target level under the agreement. OPEC’s oil production rose to 29.767 million bpd last month, according to secondary sources in […]

10.10.2022

Kuwait’s KNPC says units at Mina al-ahmadi oil refinery stopped due to malfunction

Source Some units at Kuwait’s Mina al-ahmadi oil refinery abruptly stopped on Monday evening due to a cooling water cut, Kuwait National Petroleum Company (KNPC) said, adding that local supplies and exports have not been affected. Work at the refinery‘s gas plant was also halted, the company said in a post on its Twitter account without specifying a […]

03.10.2022

With Nord Stream gone, where will Europe get its gas?

Source Accusations continue to fly about the cause of major leaks from the two Nord Stream pipelines transporting gas through the Baltic Sea from Russia to Europe. Until this latest development, Russia had maintained that Western sanctions were behind disruptions to supply from the Nord Stream 1 pipeline, as maintenance and repair of essential equipment […]

29.09.2022

Russia seen suggesting OPEC+ cuts oil output by 1MLN BPD

Source Russia is likely to propose that OPEC+ reduces oil output by around 1 million barrels per day at its next meeting in October, a source familiar with the Russian viewpoint said on Tuesday. The meeting will take place on October 5 against the backdrop of falling oil prices and months of severe market volatility […]

26.09.2022

PVN General Director worked at Rusvietpetro Field (Russian Federation)

Source In a mission to the Russian Federation (from September 19 to 23), Mr. Le Manh Hung – General Director of the Vietnam Oil and Gas Group (PVN) and the delegates had a visit and working meeting at the oil and gas fields blocks under the Rusvietpetro Joint Venture a joint venture between PVN and […]

22.09.2022

China’s Fossil fuel imports from Russia are soaring

Source China’s imports of crude oil and coal imports from Russia exploded in August, data showed on Tuesday, but despite the jump in supply, Russia handed back its top oil supplier ranking to Saudi Arabia for the first time in four months, even as coal exports hit a record high. According to data from the […]

16.09.2022

Shell appoints insider Wael Sawan to replace veteran CEO Ben van Beurden

Source Shell chief executive Ben van Beurden will step down at the end of this year after almost 40 years at the company, to be replaced by the firm’s head of gas and renewables, Wael Sawan. Mr Van Beurden, 64, has steered the company through some of its most turbulent times. The first big move […]

14.09.2022

OPEC upbeat on global economic growth

Source Global economic growth is set to remain robust at 3.1% this year and another 3.1% next year, OPEC said on September 13 in a forecast suggesting that the cartel expects healthy oil demand growth despite market fears of recession. In its September Monthly Oil Market Report (MOMR) published today, OPEC made no changes in […]

12.09.2022

Prime Minister Pham Minh Chinh worked with Vietnam Oil and Gas Group

Source On September 11, in Hanoi, Prime Minister Pham Minh Chinh worked with the Vietnam Oil and Gas Group (PVN) to assess the world energy situation, forecast the upcoming situation and determine the roles and tasks solutions to speed up the implementation of a number of key projects, handle difficulties, problems and recommendations of PVN. […]

09.09.2022

Oil supported by supply threats, but heads for weekly drop on demand fears

Source Oil prices rose on Friday as investors considered Russia’s threat to halt oil and gas exports to some buyers, but crude was set for a second weekly decline as central banks’ aggressive rate hikes and China’s COVID-19 curbs weighed on demand. Brent crude futures rose 22 cents, or 0.3%, to $89.37 a barrel by […]

05.09.2022

Oil rallies ahead of OPEC+ meeting

Source Oil prices climbed on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China’s COVID-19 curbs and weakness in the global economy continued to limit gains. Brent crude futures were up $1.73, or 1.9%, at $94.09 a barrel by 1350 GMT, while U.S. West Texas […]

29.08.2022

TotalEnergies denies accusations that it supplied fuel to Russian army

Source A French minister on August 25 demanded clarification regarding a report in a local newspaper that France’s supermajor TotalEnergies was involved in a joint venture supplying jet fuel for fighter jets of the Russian army. On Wednesday, French newspaper Le Monde published an article in which its reporters write that “The French oil and […]

17.08.2022

BP to sell Mexican oil assets as it ramps up renewable business

Source BP is selling its oil assets in Mexico as it seeks to focus even more on its renewable energy business. The political environment in the country is another reason for the decision, Bloomberg reported. BP has already sold some of its stakes in Mexican oil projects and is currently returning some blocks it won […]

15.08.2022

Shell acquires Indian renewables firm Sprng Energy for $1.55bn

Source The deal was announced earlier this year and has been executed through Shell subsidiary Shell Overseas Investment. British oil and gas giant Shell  has concluded its $1.55bn buyout of Indian renewable energy developer Sprng Energy from investment firm Actis. The deal was first announced earlier this year and has been executed through Shell  subsidiary […]

12.08.2022

Brazil’s Petrobras puts potash mining rights up for sale

Source Brazil’s Petrobras  said on August 11 it has begun the process of looking for bidders for its potassium mining rights in the Amazon basin. The asset is composed of eight mining concessions, four mining requests already granted and 22 requests for research which are still pending authorization. Interest in potash mines in Brazil is […]

12.08.2022

Exxon Mobil’s Nigeria asset sale hits regulatory hurdle

Source Nigeria’s petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil’s $1.28 billion sale of shares in its Nigerian unit to Seplat after President Muhammadu Buhari approved the transaction. Nigerian Upstream Petroleum Regulatory Commission (NUPRC) head, Gbenga Komolafe, said under a new petroleum law passed last year, the petroleum minister […]

10.08.2022

OPEC’s oil exports are rising in August

Source Crude oil exports from OPEC producers rose by 223,000 barrels per day (bpd) in the first week of August, compared to the average shipments for the full month of July, according to data from trade flow intelligence firm Petro-Logistics cited by commodity analyst Giovanni Staunovo on August 10. In the first seven days of […]

05.08.2022

Idemitsu restarts 150,000-bpd Hokkaido CDU on July 25 after maintenance

Source Japan’s second-biggest oil refiner Idemitsu Kosan Co restarted the 150,000 bpd crude distillation unit (CDU) at its Hokkaido refinery in northern Japan on July 25 after maintenance, a company spokesperson said on August 5. The company said last month that it had begun a minor turnaround at the Hokkaido refinery in late May, without indicating whether the CDU […]

02.08.2022

Northern Vietnam to house $1.5 bln petrochemical complex

Source Stavian Chemical, a major global polymers distributor with significant presence in Southeast Asia, has struck a deal to develop a $1.5 billion petrochemical facility in Quang Ninh province. The Stavian Quang Yen Petrochemical project, a partnership between Hanoi-headquartered Stavian and Quang Ninh-based Yen Hung Liquid Port JSC (YHLP), will be built on 30 hectares […]

01.08.2022

North Field East project, Qatar

Source The North Field East project is expected to increase Qatar’s LNG output by 43% to 110Mtpa. The North Field East (NFE) project is an expansion of the North Field, the world’s biggest single non-associated natural gas field, offshore north-east Qatar peninsula. The North Field represents the southern part of the giant natural gas field […]

27.07.2022

Shell USA and Shell Midstream to merge

Source Shell USA Inc. and Shell Midstream Partners LP have executed a definitive agreement and plan of merger, and the transaction that is expected to close in the fourth quarter. Shell USA Inc. and Shell Midstream Partners LP (SHLX) have executed a definitive agreement and plan of merger. Shell USA will acquire all of the […]

22.07.2022

Europe braces as Nord Stream Russian gas link set to restart

Source Europe is on edge about the restart of the Nord Stream 1 gas pipeline from Russia after annual maintenance is set to end on Thursday, with governments bracing for possible further supply cuts. A planned outage on the biggest single pipeline carrying Russian gas to Germany started on July 11 and is expected to […]

21.07.2022

Japan to support trading firms’ stakes in Sakhalin-2

Source The Japanese government plans to support Mitsui & Co and Mitsubishi Corp in their attempts to stay in the Sakhalin-2 oil and gas project, three sources said, after Russia seized control of the development key to Japan’s energy supply. There has been speculation whether the Japanese firms would remain in the consortium, as Tokyo-Moscow […]

19.07.2022

Gas giant Uniper submits bailout application to German government as Russia squeezes supplies

Source Embattled German gas giant Uniper on July 15 submitted a bailout application for government support after running into extreme financial distress, Finnish majority owner Fortum said  in a statement. Uniper was the first German energy company to sound the alarm over soaring energy bills due to reduced supplies of Russian gas. It has been […]

15.07.2022

Vietnam’s revenue from crude oil reached 125.6% after 6 months of 2022

Source Accumulated to the end of June, state budget revenue was estimated at VND941.3 trillion, equaling 66.7% of the estimate, of which domestic revenue reached 63.6%; revenue from crude oil reached 125.6%; income from import and export activities reached 79.4% of the estimate. The Ministry of Finance (MoF) said that in the first 6 months […]

13.07.2022

Petrovietnam contributes more than 66 trillion dong to the state budget in H1 2022

Source With the high efforts, effective management of fluctuations and utilization of market opportunities, in the first 6 months of 2022, the Vietnam Oil and Gas Group (Petrovietnam) has maintained stable production output and operations, production and business activities grew positively, contributing VND66,100 billion to the State budget. In the past 6 months, the world […]

11.07.2022

Realizing 7 GW of offshore wind power in Vietnam by 2030 is a big challenge

Source The offshore wind power project has not been developed in Vietnam due to its technical and technological complexity, large amount of investment that leads to realizing a planned capacity of up to 7,000 MW by 2030 is a big challenge… Information was given at the seminar: “Experience in offshore wind power development” held by […]

08.07.2022

Total shutdown of Russian gas pipelines to Europe ‘is not inconceivable’

Source The Group of 7 nations need to brace for a complete shutdown of Russian gas pipelines in the near term, and it could have severe consequences for Europe’s economy, one analyst warned. “The G-7 have to prepare for a shutdown of gas. The G-7 can deal with a cutback on oil. There are other supplies […]

27.06.2022

Japan’s gasoline demand almost at pre-pandemic levels after subsidy

Source The head of the Petroleum Association of Japan (PAJ) said the country’s subsidies for gasoline had helped restore demand close to pre-pandemic levels in May and June. The government adopted the temporary subsidy program in January to ease the blow from high crude prices because of tight global supplies, exacerbated by the Ukraine conflict. […]

23.06.2022

Chevron CEO urges Biden to stop criticizing Big Oil, take new approach

Source Chevron Chief Executive Michael Wirth on June 14 rebutted White House officials’ criticism of the oil industry over energy costs, saying reducing fuel prices will require “a change in approach” by the government. The letter is the latest in a series of acrimonious exchanges between the U.S. oil industry and President Joe Biden over […]

21.06.2022

Europe’s refineries increase Russian crude purchases

Source Europe’s refineries took in an increasing amount of crude oil last week, tanker tracking data compiled by Bloomberg has shown. Europe’s refineries took in 1.84 million barrels per day of Russian crude oil last week—the third increase in the amount of Russian crude for the refineries in as many weeks. The oil flows from […]

16.06.2022

Shell to build ships to carry more CO2 over longer distances for CCS hubs

Source Shell is building larger vessels that can carry more carbon dioxide over longer distances as part of the company’s plans to expand its carbon capture storage (CCS) business globally, the oil major said. The ability to ship large volumes of CO2 from industrial sites to offshore CCS hubs is critical in improving the economies of scale […]

16.06.2022

BP beefs up hydrogen team in bet on fuel’s future

Source BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world’s shift away from fossil fuels. The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath, a former head […]

14.06.2022

Japan’s Idemitsu to slash refinery capacity due to shrinking oil demand

Source Oil refiner Idemitsu Kosan plans to cut its capacity by 13% in less than two years as the ageing and shrinking population in Japan and the global shift to greener energy eats into household demand for petroleum, it said on Tuesday. “Domestic demand for petroleum products is declining faster than expected because of the […]

10.06.2022

Japan’s first SAF helicopter flight with H215

Source Airbus Helicopters in Japan and Japan’s leading helicopter operator Nakanihon Air (NNK) have jointly performed the country’s first ever helicopter flight powered with SAF. NNK’s H215 helicopter conducted a 30-minute flight at Nagoya Airport in Aichi Prefecture today. The aircraft was fueled with 600 litres of “SUSTEO 10”, a renewable jet fuel produced by Japan’s […]

09.06.2022

China May crude oil imports at 45.83 MMt, customs data shows

Source China’s crude oil imports rose nearly 12% in May from a low base in the same month a year earlier, although refiners still battled high inventories with COVID-19 lockdowns and a slowing economy weighing on fuel demand. The world’s top crude oil buyer imported 45.83 MMt last month, data from the General Administration of […]

08.06.2022

Natural Gas Futures Hit 13-Year High As Traders Expect “Blistering Hot Summer”

Source Natural gas futures have hit an 13-year high on higher temperatures to come in the next week combined with lower production levels. On June 6, Henry Hub natural gas futures were up nearly 10% at 13 year high. At 5:00pm EST, Henry Hub prices for July contracts sat at $9.368, up 9.91%. August contracts […]

07.06.2022

Russia’s oil export earnings set to decline on heavily discounted urals

Source While Moscow said earlier this week it was anticipating a more than $6-billion boost  in oil revenues in June, despite sanctions, a new report from Bloomberg shows that while Russian seaborne crude oil shipments have increased, Moscow is earning far less on exports. In the seven days to June 3rd, Russian crude oil shipments […]

06.06.2022

Oil tops $120 a barrel on Saudi pricing despite OPEC+ deal

Source Oil prices were largely unchanged after choppy trade on Monday, buoyed by Saudi Arabia raising its July crude prices but amid doubts a higher output target for OPEC+ oil producers would ease tight supply. Brent crude was up four cents to $119.76 a barrel at 12:22 p.m. EDT (1622 GMT) after touching an intraday […]

03.06.2022

Venezuela’s oil exports plummet to lowest in 19 months on port delays

Source Venezuela’s oil exports last month fell to the lowest level since October 2020 as repairs at the country’s main oil port added to delays shipping cargoes, documents from state-run PDVSA and vessel tracking data showed. Exports from the U.S.-sanctioned country were recovering this year following a pact with Iran that provided a stable supply […]

27.05.2022

Putin’s state oil champion suffers biggest production drop

Source The state-run oil champion led by a close ally of President Vladimir Putin has seen the largest drop in production since the invasion of Ukraine. Rosneft PJSC, whose Chief Executive Officer Igor Sechin has been part of Putin’s inner circle for decades, along with its subsidiaries account for about two-thirds of Russia’s production cuts […]

23.05.2022

UN promises support for Vietnam’s energy transition scheme

Source The United Nations (UN) has affirmed its willingness to support Vietnam in establishing a partnership on energy transition with the Group of Seven (G7) nations in a letter of UN Secretary-General Antonio Guterres to Vietnamese Prime Minister Pham Minh Chinh. Special Adviser to the UN Secretary General on Climate Action Selwin Hart handed over […]

22.05.2022

EVN and WB discuss cooperation on pump-storage hydropower, LNG and offshore WPP

Source At the headquarters of the World Bank (WB) in Washington D.C. (USA), the Mission of Electricity of Vietnam (EVN) headed by Mr. Duong Quang Thanh – Chairman of the EVN Member Council had a working meeting with WB leaders on researching the pump-storage hydraulic, LNG, offshore power development and financial arrangement for investing in […]

20.05.2022

Vietnam company to invest $840 mln in country’s first green hydrogen plant

Source Construction is due to start on Vietnam’s first green hydrogen plant next month, the government said on Wednesday, as the Southeast Asian country seeks to boost the use of cleaner energy while reducing dependence on coal in its power mix. TGS Green Hydrogen will build the plant in the southern province of Ben Tre, […]

19.05.2022

Asian Petrochemicals: Key market indicators for May 9-13

Source The outlook for gasoline-related petrochemicals such as toluene, xylenes and MTBE remains relatively firm amid strong gasoline margins, while demand for most petrochemicals in key market China remains sluggish amid COVID-19 related lockdowns. Isomer-MX June demand appears firm this week as cargo supply is reduced amid turnaround at Japanese producer Taiyo Oil’s 700,000 mt/year […]

18.05.2022

Vietnam keen to maximize upstream output, crude exports to offset fuel import bills

Source Vietnam exported 230,260 mt, or 56,260 b/d, of crude oil in April, an increase of 12.4% from the same month a year earlier, with the Southeast Asian producer aiming to sell as many domestic sweet crudes as possible to minimize its energy trade deficit, market and trade participants said over May 11-17. The country’s […]

17.05.2022

PM receives CEO of Murphy Oil Corporation

Source Prime Minister Pham Minh Chinh received President and Chief Executive Officer of Murphy Oil Corporation Roger Jenkins in Washington D.C on May 13 afternoon (US time) as part of his trip to the US. At the meeting with Roger, PM Chinh spoke highly of the cooperation and active participation of Murphy Oil in oil […]

16.05.2022

Petrovietnam seeks to import crude oil from the US

Source On May 9, 2022, during a business trip to the US, Vietnam Oil and Gas Group (PVN) and Binh Son Refining and Petrochemical Joint Stock Company (BSR) had working sessions with partners/suppliers of crude oil in Houston (USA). The mission led by Mr. Le Ngoc Son, PVN Deputy General Director, Mr. Pham Van Chat, […]

15.05.2022

US partners interested in Vietnam’s energy development orientations

Source Minister of Industry and Trade Nguyen Hong Dien on May 11 (local time) accompanied Prime Minister Pham Minh Chinh in many activities in the US, including meetings with US partners operating in the field of energy. US partners are interested in Vietnam’s energy development orientations for the next years, especially the Power Development Planning […]

14.05.2022

Saudi Aramco overtakes Apple as world’s most valuable company

Source Soaring commodity prices swell oil giant’s profits as tech stock slide pegs back iPhone maker. Apple has lost its crown as the world’s most valuable company to the oil giant Saudi Aramco, as soaring commodity prices swell profits at energy companies and technology stocks continue to slide. In a sign that the old economy is […]

13.05.2022

Japan’s Idemitsu posts record profit on soaring oil prices

Source Idemitsu Kosan Co (5019.T) booked a record net profit for the year just ended, buoyed by soaring oil prices, but Japan’s second-biggest oil refiner forecast a 41% drop in profit for the current year. “We have achieved our record profit, but it’s hard to be enthusiastic about the result…as major contribution comes from higher […]

12.05.2022

Japan to take time phasing out Russian oil imports

Source: Channelnewsasia Japan will take time to phase out Russian oil imports after agreeing on a ban with other Group of Seven (G7) nations to counter Moscow’s invasion of Ukraine, Prime Minister Fumio Kishida said on Monday (May 9). The G7 nations committed to the move “in a timely and orderly fashion” at an online […]

11.05.2022

Vietnam exports crude oil but imports oil for refinery

Source: VNS Vietnam has two oil refineries, Dung Quat and Nghi Son. Every year Vietnam imports millions of tons of crude oil while still exporting crude oil. What is the reason? Data from the General Department of Customs shows that in 2021, Vietnam exported more than 3.1 million tons of crude oil, earning over US$1.76 […]

11.05.2022

Vietnam has huge biomass power potential, but more incentives needed

Source Vietnam expects to add 9,600 MW of power from biomass by 2030, but that will need added incentives. Pham Huong Giang, an official of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade, pointed out the low rate of biomass power contributions to the national power grid. Under Vietnam’s renewable […]

10.05.2022

Petrolimex’s profit falls 40% despite soaring oil prices in Q1

Source: VNS Soaring crude oil prices in the international market helped many oil and gas enterprises achieve great business results in the first quarter, but Petrolimex witnessed a different story after posting a sharp fall in profit during the period. ​​​​​​​ In its first-quarter consolidated financial statement, Petrolimex (HoSE: PLX) reported net revenue of over […]

10.05.2022

Crude oil output exceeds target by 23 percent in four months

Source: Vietnamplus The Vietnam Oil and Gas Group (PetroVietnam) has reported that its crude oil output reached 3.63 million tonnes in the first four months of this year, surpassing the set target by 23 percent. The group’s revenue in the period was estimated at 292.6 trillion VND (12.74 billion USD), up 62 percent on-year and […]

09.05.2022

Petrovietnam continues to maintain a good growth rate

Source: Petrotimes On the afternoon of May 7, Dr. Le Manh Hung, CEO of Vietnam Oil and Gas Group (Petrovietnam), chaired a regular production and business executive online briefing in May 2022 with the heads of the Group’s subsidiaries on business results in April and the first 4 months of 2022; at the same time, […]

07.05.2022

Kuwait oil minister says OPEC+ strategy ensures market stability, balance

Source The Kuwaiti oil minister said on Thursday, May 12th, 2022 that the OPEC+ strategy of monthly crude production increases ensures market stability and balance, the state news agency KUNA reported. Minister Mohamed al-Fares also said that the group, comprised of the Organization of Petroleum Exporting Countries and allies including Russia, was monitoring coronavirus lockdowns […]

05.05.2022

Ministry proposes reducing tax for imported petrol

Source: Vietnamplus The Ministry of Finance (MoF) has proposed the Government cut the most favored nation (MFN) tariff for unleaded petrol from the current rate of 20 percent to 12 percent. The ministry said that the proposed tariff rate could not significantly reduce domestic petrol prices because Vietnam now mainly imports petrol from the Association […]

03.05.2022

Saudi Aramco June OSPs likely to drop as sour crude complex weakens

Source: Spglobal Saudi Aramco is expected to lower its official selling prices for June-loading crudes following tepid Asian demand fundamentals, with the OSP differentials retreating from the record highs seen this month, market sources told S&P Global Commodity Insights. Earlier in April, Saudi Aramco raised its official selling prices for Asia-bound crude loading in May […]

26.04.2022

Coal shortages require Vietnam to diversify supply sources

Source Vietnam is now in need of diversifying energy supply sources as it is facing a shortage of coal supply for electricity, cement, and fertilizer production due to impacts of the COVID-19 pandemic and the Russia – Ukraine conflict. According to Vietnam Electricity (EVN), thermal power plants are struggling with serious coal shortages. The coal […]

25.04.2022

Japan to auction 4.8 mln barrels of crude oil amid efforts to stabilize market

Source Japan began procedures toward auctioning off 4.8 million barrels of crude oil from three state reserve bases on Friday in a bid to stabilize the market amid skyrocketing prices. According to the Economy, Trade and Industry Ministry, an auction will be held on May 10 for the almost 5 million barrels of crude oil, […]

25.04.2022

Vietnam’s Binh Son says to kick off $1.2 billion refinery expansion plan this year

Source Vietnam’s Binh Son Refining and Petrochemical (BSR.HNO) will this year roll out a $1.2 billion plan to upgrade and expand its Dung Quat refinery, raising its processing capacity to 7.6 million tons of crude oil a year from 6.5 million tons, the company said on Friday, April 22nd, 2022. The upgrade and expansion work […]

24.04.2022

Vietnam saving energy for future generations

Source Earth Day, an event to increase public awareness of the world’s environmental problems, is celebrated in the US for the first time on April 22, 1970. The United Nations General Assembly designated April 22 as the International Mother Earth Day (popularly known as Earth Day) in a resolution adopted in 2009. Fossil fuels are […]

23.04.2022

Vietnam, Denmark promote energy partnership

Source Deputy Minister of Industry and Trade Dang Hoang Giang and Danish Ambassador to Vietnam Kim Højlund Christensen co-chaired the first meeting of the Steering Committee of the Vietnam-Denmark Energy Partnership Program in the period of 2020-2025 (DEPP3 Program). Managed by the Energy Efficiency and Sustainable Development Department, the project has a total investment of […]

22.04.2022

Korea Energy Agency to Help Vietnamese Government Draw up Green Growth Action Plan

Source The Korea Energy Agency (KEA) announced on April 20 that it held a kick-off conference in Hanoi, Vietnam, for a project to improve the country’s energy efficiency and support its push for green growth. The project is funded by the Korean government’s official development assistance (ODA). The Korea Energy Agency will help the Vietnamese […]

22.04.2022

Vietnam plans two-thirds cut in thermal power

Source Vietnam will reduce coal-fired power supply by two-thirds between 2025 and 2045 and increase renewable power supply to account for more than half of the total. All localities have expressed agreement with the Ministry of Industry and Trade’s latest version – Power Development Plan 8 – which was announced earlier this month. The ministry […]

18.04.2022

Japan to release 6 million barrels of crude oil from private reserves

Source Japan announced on Friday (Apr 15) that it would release 6 million barrels of crude oil from its private reserves as part of the International Energy Agency’s plan to release 120 million barrels of crude oil to ease the price of crude. Japan is set to release a total of 15 million barrels as […]

17.04.2022

Preparing to start construction of Thac Ba 2 Hydropower Project

Source Thac Ba 2 Hydropower Project with an installed capacity of 18.9 MW will be built on the Chay River in Yen Binh District, expected to be started in June 2022. According to Investment Policy Decision No. 972/QD-UBND of Yen Bai Provincial People’s Committee (PPC), the Thac Ba 2 hydropower project invested by Thac Ba […]

16.04.2022

Russia says it’s ready to sell oil to ‘friendly countries’ in ‘any price range’

Source Russian energy minister Nikolai Shulginov said the country is ready to sell oil and oil products to “friendly countries” in “any price range,” the Izvestia newspaper reported on Wednesday (Apr 13). Shulginov was speaking to the pro-Kremlin outlet about the state of the Russian oil and gas industry, which is facing challenges due to boycotts and […]

16.04.2022

PVOIL’s pre-tax profit in the first quarter is estimated at VND 295 billion, up 42.5%

Source With this result, the second largest petroleum retailer in Vietnam has exceeded 136% of the quarterly plan and completed 60% of the full-year plan. Following the information at the 9th Conference (expansion) to summarize the Party’s work and production and business activities in the first quarter of 2022, the Vietnam Oil Corporation-JSC (PV OIL, UPCoM: […]

15.04.2022

MoIT proposes auctions for renewable energy

Source The Ministry of Industry and Trade (MoIT) has put forth a proposal to start auctioning solar and wind energy projects that did not complete the technical test phase prior to October 31, 2021. Earlier, a number of renewable energy projects demanded the ministry to extend the October deadline, a prerequisite to qualify for feed-in […]

15.04.2022

Japan’s Feb machinery orders fall for second month, adding to growth fears

Source Japan’s core machinery orders posted their biggest monthly fall in nearly two years in February, official data showed on Wednesday, April 14, dragged down by a steep drop in demand from IT and other service firms to extend their decline into a second month. The data added to concerns that Japanese firms are holding […]

14.04.2022

China’s oil champion prepares Western retreat over sanctions fear

Source China’s top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said. Ties between China and the West have long been strained by trade and human rights issues and […]

14.04.2022

PV Power reports over $31.2m in post-tax profit in Q1

Source PetroVietnam Power Corporation (PV Power) reported post-tax profit of VNĐ720 billion (over US$31.2 million) in the first quarter of 2021, surpassing the quarterly plan by 6 percent. Deputy Director of PV Power Nguyễn Thị Ngọc Bích attributed the firm’s strong result to its investment activities in the period, including the successful divestment of over 19.93 million […]

13.04.2022

China’s crude oil imports surge in March, but likely to fade amid COVID curbs

Source China’s imports of crude oil rebounded in March but aren’t likely to grow much more for a while – fuel demand is wilting amid COVID-19 lockdowns and high prices. The world’s biggest crude importer brought in 10.88 million barrels per day (bpd) in March, up from a four-month low of 9.51 million bpd in […]

12.04.2022

Consider return to nuclear energy, Vietnam urged

Source Vietnam should restart its nuclear energy program by 2030 to reach the goal of carbon emission neutrality that it has committed to achieve by 2050, said experts. “Restarting the nuclear power program by 2030 is the only way to achieve our net-zero carbon commitment by 2050 (as committed at COP26),” former head of the Vietnam […]

11.04.2022

Vietnam needs US$142 billion for development of electricity sector

Source Mr. Nguyen Tuan Anh, Deputy Director of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade said that Vietnam needs US$142 billion for the development of the electricity sector. He made the analysis at yesterday’s seminar ‘Opening up investment capital flows in the electricity sector’ organized by the Investment newspaper […]

10.04.2022

Cancelling Ninh Thuan nuclear power project a right policy

Source Stopping the implementation of the Ninh Thuan nuclear power project is a right policy of historical significance by the Party Central Committee and Politburo led by General Secretary Nguyen Phu Trong, said National Assembly (NA) Chairman Vuong Dinh Hue. Hue made the remark while chairing a meeting on April 6 with standing members of […]

09.04.2022

Binh Son refinery company reports 8-percent increase in after-tax profit in Q1

Source The Binh Son Refining and Petrochemical JSC (BSR) posted over 2 trillion VND (over 87.44 million USD) in after-tax profit in the first quarter of 2022, up 8 percent year-on-year, surpassing the yearly target by 45 percent. According to the document of the firm’s annual shareholders’ meeting in 2022, BSR sold nearly 1.6 million […]

08.04.2022

Coal shortages puts thermal power plants at risk

Source Vietnam Electricity (EVN) has said that the amount of coal supplied to its thermal power plants (TPP) fell short of the contractual amounts, putting them at risk. The total amount of coal delivered to the TPPs in Q1/2022 was about 4.49 million tons, less than 5.85 million tons as stated in the contracts. Insufficient […]

07.04.2022

PV Drilling jack up rig to operate in Vietsovpetro’s five wells

Source PetroVietnam Drilling and Well Services Corporation (PV Drilling) will provide jack up rig PV Drilling II for Vietsovpetro, the Vietnam-Russia oil and gas joint venture, to expand its operation in five offshore oil wells in Block 09-1. PV Drilling has provided jack up rigs for Vietsovpetro, Spanish energy and petrochemical company Repsol, Eni Vietnam […]

03.04.2022

OPEC+ expected to rebuff calls to replace lost Russian oil

Source OPEC and its allies are expected to rebuff calls this week to fill in the supply gap left by falling oil exports from coalition member Russia. The 23-nation group led by Saudi Arabia will probably ratify plans for another modest production increase scheduled for May when it meets on Thursday, according to a Bloomberg […]

03.04.2022

PVEP exceeds numerous set targets in Q1

Source The PetroVietnam Exploration Production Corporation (PVEP) has fulfilled its yearly profit target for 2022 by the end of the first quarter of the year, earning an estimated 5,892 billion VND (nearly 258 million USD) in pre-tax profit, up 117 percent year-on-year and surpassing the yearly plan by 2 percent. The corporation pumped 950,000 tons […]

02.04.2022

Vietnam faces imminent power shortage, calls for energy-saving

Source Vietnam’s state-run utility EVN on Wednesday (Apr 30) called on citizens to save energy as it warned of electricity shortages from next month due to tight coal supplies. Several coal-fired power plants operated by EVN have had to cut their run rates due to a shortage of coal, the group, formally known as Electricity of […]

01.04.2022

Saudis may hike oil price to record as war reroutes flows

Source Saudi Arabia, the largest oil exporter, will likely boost pricing of its main crude variety to a record as the impact of Russia’s invasion of Ukraine reverberates through markets more than a month after the assault. Saudi Aramco may raise the official selling price of its key Arab Light crude by $5 a barrel […]

31.03.2022

EVN inks non-sovereign loan worth 80 million EUR with AFD

Source The Vietnam Electricity Group (EVN) and the French Development Agency (AFD) on March 28 signed an agreement on a non-sovereign loan worth 80 million EUR (87.8 million USD) to implement the southern Vietnam power distribution project invested by EVN’s subsidiary – the Southern Power Corporation (EVN SPC). The southern Vietnam power distribution project comprises […]

29.03.2022

Japan, UK, US banks eye $1 bln loan to Kuwait Petroleum Corp

Source A group of Japanese, British and U.S. banks is considering jointly extending $1 billion in loans to Kuwait Petroleum Corp to help boost oil production and ease tight supplies, the Nikkei business daily said on Saturday, Apr 02. Participating banks include Mizuho Bank, which is the main banking unit of Japan’s Mizuho Financial Group, […]

28.03.2022

U.S. refiners turn to Middle East for fuel oil after Russia import ban

Source U.S. refiners have begun snapping up fuel oil cargoes from the Middle East this month after U.S. President Joe Biden banned Russian oil imports over the country’s invasion of Ukraine, shipping data showed. The United States last year imported about 700,000 barrels per day (bpd) of different types of fuel oil and other feedstocks […]

28.03.2022

Petrolimex seeks to invest in oil refinery in Japan

Source At a teleconference chaired by Prime Minister Pham Minh Chinh on March 24, the Vietnam National Petroleum Group (Petrolimex) proposed the prime minister allow it to begin research to invest in an oil refinery in Japan. Speaking at the event to discuss reforms in the operation of State-owned enterprises, Petrolimex said the investment in […]

27.03.2022

Japan’s Idemitsu Kosan suspends new Russian coal trade

Source Japan’s second largest refiner Idemitsu Kosan has decided to suspend new Russian crude oil trades for imports amid uncertainty over payment and logistics disruptions, a company spokesperson told S&P Global Commodity Insights March 23. “We have decided to suspend new trades for Russian crude oil imports amid uncertainty over payment settlements and possibilities of […]

27.03.2022

Top Japan refiners Eneos and Idemitsu latest to shun Russian crude oil supplies

Source Japan’s top refiners have said they will stop importing Russian crude, joining a growing list of energy companies shunning the country’s oil following its invasion of Ukraine. Eneos Holdings Inc., Japan’s biggest refiner, hasn’t signed new contracts for Russian crude since the war began, Chief Executive Officer Tsutomu Sugimori said in Tokyo on Tuesday, […]

27.03.2022

Central Vietnam focuses on renewable energy

Source The central region is appealing to investors in the field of renewable energy to capitalize on its natural resources and boost economic development. Dang Trong Van, Chairman of Huong Hoa district said that its state budget reached just over $11 million last year, surpassing the amount assigned by the provincial People’s Committee by five […]

26.03.2022

Quang Tri Province researches the first-ever offshore wind farm in the province. Experts say offshore wind power could be a good choice for Vietnam

Source The Vietnam Chamber of Commerce and Industry (VCCI) is ready to cooperate with the British Chamber of Commerce (Britcham) in supporting enterprises, especially those engaged in renewable energy and sustainable development to limit waste and environmental pollution, VCCI Chairman Pham Tan Cong said. He made the statement at a working session with Britcham Vietnam […]

25.03.2022

Quang Tri to have offshore wind farm worth $3 billion

Source Infrastructure Investment and Transportation Construction Joint Stock Company (Intracom) met with Quang Tri Province to discuss the research of the first-ever offshore wind farm in the province. The two sides also worked on March 19 on an additional document to add the farm into the national grid and the power planning VIII energy policy. […]

25.03.2022

Amendment of the Vietnam Law on Petroleum: Ensuring Petrovietnam’s initiative and legitimacy

Source Deputy Minister of Industry and Trade (MoIT) Nguyen Sinh Nhat Tan shared that in the context of the world economy having a lot of influence on oil and gas activities, the draft Law on Petroleum (amended) has reduced, inherited and supplemented a number of basic contents; including regulations to ensure the initiative and legitimacy […]

22.03.2022

Saudi Aramco’s full-year profit more than doubles on soaring oil prices

Source Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion. Aramco’s 2021 net income increased by 124% to $110 billion in 2021, compared to $49 billion in 2020, citing higher crude oil prices, stronger refining and chemicals margins, and the consolidation […]

21.03.2022

5 tons of oil spills cleaned up in Nha Trang beach

Source Oil slicks have been found along a three-kilometer stretch of beach in Nha Trang in central Vietnam in the last two days. The Nha Trang Urban Environment JSC has dispatched dozens of workers to Tran Phu Beach to collect them. On Thursday (March 17) alone they filled up 100 bags of 50kg each. But after […]

20.03.2022

Further delay for Russian-invested energy projects in Vietnam

Source Russian-backed energy projects in Vietnam have been put on hold due to ongoing geopolitical concerns. According to VNDIRECT, sanctions including blocking the SWIFT connection of several Russian banks will affect Russian investment projects in Vietnam, mostly in the energy sector. VNDIRECT also stated that the Long Phu 1 thermal power project with a total […]

20.03.2022

Samsung C&T wins $940m deal for Vietnam’s first LNG power plant

Source Samsung C&T will partner with Vietnamese construction company Lilama to build what could be Vietnam’s first gas-fired power facilities to be fueled by liquefied natural gas (LNG) as the country works to transition away from coal. Lilama announced this week a $940 million engineering, procurement and construction (EPC) deal alongside the Samsung group company […]

19.03.2022

Vietnam to build 3rd oil refinery

Source Vietnam is working on administrative procedures to build a third oil refinery amid apparent shortages and surging prices due to dependency on global supply. The factory is set to have a capacity of 10 million tonnes per year and be located in the southern province of Ba Ria-Vung Tau, Deputy Prime Minister Le Van […]

18.03.2022

PM stresses the need to ensure energy self-sufficiency

Source It is a must to ensure energy self-sufficiency and balance in any circumstances, meeting energy demand in production, business, national defence and security, and other activities, Prime Minister Pham Minh Chinh said while chairing a working session with the Vietnam Oil and Gas Group (PetroVietnam) in Hanoi on March 16. The PM commended the group’s performance and shared […]

17.03.2022

Vietnam to triple petroleum imports

Source On the afternoon of March 14, the Ministry of Industry and Trade informed that it has requested importers to triple petroleum imports in order to fill the shortfall from Nghi Son Oil Refinery. The Ministry of Industry and Trade has assigned additional import quotas to 10 key enterprises and periodically checks the import to […]

17.03.2022

Measures proposed for stabilizing fuel market

Source In the face of soaring fuel prices, Minister of Industry and Trade Nguyen Hong Dien proposed several measures for stabilizing the market in the long run while fielding queries from full-time legislators on March 16. At the question-and-answer session of the National Assembly Standing Committee’s 9th sitting, he said to ensure fuel supply and stabilizing the […]

16.03.2022

Nawaf Saud al-Sabah appointed as CEO for Kuwait Petroleum Corporation

Source The Kuwaiti cabinet approved on Monday, March 14, 2022, appointing Nawaf Saud al-Sabah as CEO for Kuwait Petroleum Corporation, state news agency KUNA reported. The decision included the formation of a new board of directors for the state-owned company.

15.03.2022

Vietnam oil industry braces for impact of Russia-Ukraine conflict

Source Surging crude oil prices may benefit the Vietnamese oil industry, but its exploration and exploitation activities are likely to be hit by the geopolitical situation. Oil prices skyrocketed by 30 percent after Russia launched military action against Ukraine, resulting in western sanctions on the former that have disrupted supply chains. With oil prices currently hovering […]

14.03.2022

Deputy PM urges Petrovietnam to stop both exporting and importing crude oil

Source Petrovietnam needs to speed up investment in refining to ensure domestic supply and stop exporting and importing oil at the same time, Deputy Prime Minister Le Xuan Thanh said. Speaking at a meeting with the oil and gas group management Friday (March 11), he said the relevant ministries should take measures to stop having […]

13.03.2022

Vietnam, IAEA sign programme framework for technical cooperation

Source The Vietnamese mission to international organizations and the International Atomic Energy Agency (IAEA) on March 10 signed a Country Program Framework (CPF) for cooperation with the agency on the sidelines of the meeting of the IAEA Board of Governors to define cooperation contents between the two sides in the 2022-2027 period. In his speech […]

12.03.2022

Russian contractor seeks withdrawal from $1.2bn thermal power project in southern Vietnam over US sanctions

Source A Russian company that is the main contractor of a US$1.2 billion thermal power plant in southern Vietnam is seeking to pull out of the project to avoid losses brought about by U.S. sanctions. Power Machines Company attributed its decision to the inability to implement the contract due to sanctions imposed by the U.S., a representative […]

12.03.2022

Gasoline distributors struggle with losses as prices keep rising

Source Gasoline prices will continue to scale new peaks if the government does not intervene with its stabilization fund, loss making distributors have warned as global shortages loom. With crude oil approaching its previous price peak of August 2020, a gasoline distributor in Hanoi said that they were selling at a loss of VND3,800 ($0.17) […]

11.03.2022

Ukraine-Russia conflict could impact Vietnam oil drilling

Source PetroVietnam has cautioned that the disruptions to international trade caused by Russia’s invasion of Ukraine could impact its operations. Vietnamese state-owned oil company PetroVietnam has warned that Russia’s continued attacks on Ukraine could have knock-on effects on oil drilling in the Southeast Asian country, with Vietnam relying on Russia for imports of energy equipment. […]

11.03.2022

Vietnam finance ministry seeks deeper cut in environment tax on fuel

Source Vietnam’s finance ministry on Thursday said it was seeking government approval to lower environment tax on fuel by half instead of the 25% cut it proposed last week, amid soaring energy prices. Vietnam’s finance ministry on Thursday said it was seeking government approval to lower environment tax on fuel by half instead of the […]

10.03.2022

PetroVietnam pumps 1.78 million tons of oil in 2 months

Source The Vietnam Oil and Gas Group (PetroVietnam) has reported that its oil output reached 1.78 million tons in the first two months of this year, surpassing the set target by 24 percent. The group’s revenue in January and February was estimated at 118.73 trillion VND (5.19 billion USD), exceeding the two-month target by 34 […]

10.03.2022

In Asia, oil price surge stokes government fear of angry voters

Source An oil price surge is pressuring Asian governments to control the price of gasoline, and while some have allowed prices at the pump to rise, others are eating the costs for fear of stoking public anger. With the war in Ukraine sending West Texas Intermediate crude as high as $130 a barrel on Monday, […]

09.03.2022

Saudi Arabia raises April crude prices to Asia to all-time highs

Source Saudi Arabia’s state oil producer Aramco raised the April official selling prices (OSPs) for crude it sells to Asia by more than $2 a barrel, with some grades hitting all-time highs, as global markets struggled with Russian oil disruption. Record Saudi crude prices come on the back of an expected rise in Middle East […]

09.03.2022

Shell to stop buying Russian oil and gas

Source Shell Plc and BP Plc said they won’t make any new purchases of Russian oil and gas but won’t be able to immediately to disentangle themselves from the country due to long-term contracts and the likely difficulty of finding alternative supplies. The announcements, which for Shell mark a dramatic U-turn in response to international […]

08.03.2022

Shell says it bought Russia oil after gov talks

Source After taking a barrage of criticism for buying a cargo of Russian crude, Europe’s largest oil company Shell Plc says it’s navigating the market with government guidance. “We will continue to choose alternatives to Russian oil wherever possible, but this cannot happen overnight because of how significant Russia is to global supply,” Shell said […]

06.03.2022

Vietnam to cut solar power capacity in draft plan

Source Deputy Prime Minister Le Van Thanh told the Ministry of Industry and Trade (MoIT) to reduce the solar capacity and increase offshore wind power in the draft Power Master Plan VIII. According to the Government Office Notice No 55/TB-VPCP on Thanh’s finalization of part of the 2021-2030 National Power Development Plan VIII, the Deputy PM agreed with the proposal […]

05.03.2022

Ministry working to ensure petrol supply

Source The Ministry of Industry and Trade (MoIT) has instructed relevant agencies to ensure the supply of petrol, MoIT Deputy Minister Do Thang Hai said at the Government’s regular press conference for February on March 3. He pointed to the big changes in petrol supplies which pushed petrol prices up, one of which is the conflict between Russia and […]

05.03.2022

Energy giants seek nod to take over two BOT power plants

Source Vietnamese energy giants Vietnam Oil and Gas Group (PVN) and Vietnam Electricity Group (EVN) are awaiting the nod to take over two build-operate-transfer (BOT) power plants developed by foreign investors. The Government Office wrote to the Ministry of Industry and Trade, the Ministry of Finance and the Ministry of Planning and Investment informing them […]

04.03.2022

OP-ED Experts propose solutions to petrol price issue

Source Cuts of the special consumption and environmental protection taxes on petroleum may be a suitable solution to the current petrol price issue, according to economists. Vietnam’s petrol prices have increased continuously and neared 27,000 VND (1.18 USD) per liter, a record high in the past 8 years. According to Dr. Nguyen Bich Lam, former […]

03.03.2022

Vietnam’s medium sulfur gasoil inflows set to increase on government mandate

Source Vietnam’s gasoil imports are set to remain well-supported in the near-term after the government mandated a minimum import volume for oil products to make up for the supply gap left by Nghi Son refinery’s reduced run rates, market sources said, placing a floor under prices for the medium sulfur grade. According to local media […]

27.02.2022

Thai Binh 2 Thermal Power Plant set to connect to national power grid by Apr. 30

Source Deputy Prime Minister Le Van Thanh and leaders of the Commission for the Management of State Capital at Enterprises yesterday checked the Thai Binh 2 Thermal Power Plant project progress and witnessed the pilot fire for the first time at the plant. Vietnam Oil and Gas Group (PVN) reported that with a total capacity of […]

26.02.2022

Trade Ministry suggests auctioning over 100 million liters of gasoline in national reserves

Source The Ministry of Industry and Trade has consulted with the Ministries of Finance and Planning and Investment over a plan to auction more than 100 million liters of RON92 gasoline, which is used to produce bio-fuel E5, in the national reserves. Over 100 million liters of RON92 gasoline is now stored in 12 warehouses […]

25.02.2022

PM orders balance of petrol demand, supply for domestic market

Source Prime Minister Pham Minh Chinh has issued a dispatch requesting joint efforts of ministries, sectors and localities to ensure the balance between supply and demand of petroleum products to meet the needs of the domestic market and support socio-economic recovery and development. In the February 22 document, he noted that petroleum is a strategic, important and sensitive commodity that easily affects […]

24.02.2022

Taxes and fees to be cut to curb petrol prices

Source Vietnam will need to cut taxes and fees, in addition to using the petroleum price stabilization fund if petrol prices keep rising, said a leader from the Ministry of Industry and Trade (MoIT). On February 11, retail petrol prices were increased by nearly 1,000 VND per litre following the latest adjustment by MoIT and […]

23.02.2022

Joint venture set to commission two oil rigs in Q4

Source Vietnam-Russia oil and gas joint venture Vietsovpetro is speeding up the building of marine constructions and aiming to put RC-RB1 and RC-10 rigs of the Dragon oilfield into operation in the fourth quarter of this year. The venture is also preparing for its RC-8 and BK-22 projects while awaiting for approval. Vietsovpetro is assigned to exploit […]

22.02.2022

PVEP to produce 0.23 million tons of oil equivalent this month

Source The PetroVietnam Exploration Production Corporation (PVEP) plans to produce an estimated 0.23 million tons of oil equivalent, including 0.18 million tons of oil and condensate and 54 million cu.m of gas, this month. In January, the State-owned corporation generated 0.31 million tons of oil equivalent, surpassing the monthly goal by 8 percent. The volume included […]

21.02.2022

Saudi Arabia committed to energy market stability, says foreign minister

Source Saudi Arabia is committed to working with its OPEC+ partners to ensure energy-market stability, the country’s foreign minister said on Saturday, adding this required the participation of all members. Prince Faisal bin Farhan Al Saud was responding to a question on whether the world’s top oil exporter would act to address any energy crisis […]

21.02.2022

How rising global oil prices impact Vietnam economy

Source The surge in crude oil prices to an eight-year high is set to have a major inflationary effect in Vietnam. “The rising crude oil prices will have both positive and negative impacts on Vietnam, but the negatives are bigger,” economist Can Van Luc said. Brent crude oil futures reached $92.47 per barrel Friday, the […]

19.02.2022

PM asks Thai investors to apply latest technologies in large-scale oil refining project in Vietnam

Source Prime Minister Pham Minh Chinh has asked Thailand’s Siam Cement Group (SCG) and Amata Vietnam to apply latest technologies in the 5-billion-USD oil refining and petrochemical project in Vietnam. Receiving SCG Chairman and CEO Roongrote Rangsiyopash and Amata Vietnam CEO Somhatai Panichewa in Hanoi on February 16, PM Chinh showed his delight at the growing strategic partnership […]

16.02.2022

Vietnam becomes an energy importer: Not a good sign

Source Vietnam has a wide range of domestic energy sources such as crude oil, coal, natural gas and hydroelectricity, which have played an important role in economic development for decades. Prior to 2015, exports of crude oil and coal contributed largely to Vietnam’s state budget. However, since 2015, with great fluctuations in energy import and […]

16.02.2022

PetroVietnam’s crude oil output surpasses target by 24.2 percent in January

Source The Vietnam Oil and Gas Group (PetroVietnam)’s oil exploitation output in the first month of 2022 reached 0.93 million tonnes, exceeding its set target by 24.2 percent. The figures were released at a regular meeting of the group held virtually on February 14. As heard at the event, with overall business and production achievements, plus high oil prices, PetroVietnam’s […]

15.02.2022

Vietnam may rely more on South Korean oil products amid fragile refining capacity

Source Nghi Son refinery’s financial strain and lingering uncertainty about its overall 2022 operation outlook could significantly hamper Vietnam’s ambition to become fully self-sufficient in oil products, with South Korean refiners aiming to take advantage of the country’s fragile refining capacity to boost middle distillate sales to the Southeast Asian market. The 2022 operation and […]

14.02.2022

Three top Japanese oil wholesalers see earnings recovery

Source Three major Japanese oil wholesalers saw their earnings recover sharply in April-December last year, as higher crude oil and other resource prices pushed up the evaluation of their inventories, according to their latest earnings reports. The recovery came after their earnings deteriorated a year before due a plunge in crude oil prices amid the […]

13.02.2022

Warning: Exhausted oil fields

Source In the 2016 – 2020 period, Vietnam’s crude oil production reached 61.24 million tons. The oil was supplied to the Dung Quat Oil Refinery and exported to countries such as Japan, South Korea, Malaysia, Thailand, China, and Australia. Since 1981, Vietsovpetro, a joint venture firm between Vietnam and Russia, has exploited more than 237.7 […]

12.02.2022

Vietnam imports petrol to make up for 25 percent shortage of petroleum

Source The Minister of Industry and Trade required Deputy Minister Do Thang Hai set up a mobile inspection team to pay visits to key enterprises, distributors, and petrol and oil retail stores across the country and simultaneously import petroleum to make up for the 25 percent shortfall. On the afternoon of February 9 in Hanoi, Minister of […]

12.02.2022

Laos allows private firms to study building power line to Vietnam

Source The Lao Government has given the green light for two private companies to carry out a feasibility study on the construction of a 220kV transmission line which would carry electricity from five dams in northern Laos to Vietnam. If the study is approved, the line will transmit electricity from Nam Ou dams No.3, 4, […]

12.02.2022

PV GAS aims for annual growth of 10 percent from 2022

Source PetroVietnam Gas Corporation (PV GAS) should make efforts to achieve the target of annual growth of 10 percent in 2022 and following years, General Director of the Vietnam National Oil and Gas Group (PetroVietnam) Le Manh Hung has said. Speaking at a ceremony on February 9 to launch this year’s tasks of PV GAS, […]

11.02.2022

Industry trio signs MoU to boost clean energy in Vietnam

Source PetroVietnam Power Corporation (PV Power), IB Global, and IDG Capital Vietnam signed an MoU on January 28 to boost clean energy development amid an ever-increasing demand. The three parties wish to form a strategic partnership between PV Power and IDG’s Vietnam Clean Energy Fund, with IB Global acting as a strategic advisor to the […]

11.02.2022

Filling stations run out of petrol due to limited supply

Source A large number of petrol stations in several localities have suspended operations or have been forced to cut working hours over the past few days, reasoning that they have either faced losses or only received a limited supply of fuel. Huynh Ngoc Ho, head of the Market Management Department of the southern province of […]

10.02.2022

AC Energy acquires 49% of solar firm based in Vietnam

Source AC Energy (ACEN), a subsidiary of Filipino billionaire Jaime Zobel de Ayala’s Ayala Corp, has agreed to buy a 49% stake in Solar NT, a unit of Thailand’s Super Energy Corp. operating in Vietnam, according to forbes.com. The transaction will be done through a secondary share acquisition for a total consideration of US$165 million. […]

10.02.2022

Supply shortage forces southern petrol stations to close

Source Forced by a supply shortage, many gas stations in southern Vietnam have stopped sales. As of Monday, over 20 gas stations in the southern province of An Giang had stopped selling due to a shortage of supply, losses or lack of employees. Several stations said they plan to shut down after Saturday. “Some of these stations […]

09.02.2022

PVGAS Trading imports 30 tons of refrigerated LPG

Source PetroVietnam Gas Trading Co (PVGAS Trading) on February 7 completed the pipe connection, importing the first ship of refrigerated LPG for floating storage on the first working day after the Tết (Lunar New Year) holiday. The carrier of 30 tons of refrigerated LPG (liquefied petroleum gas) transported by Gysis Corporation from Kuwait’s Mina Al […]

07.02.2022

Valmet to deliver waste-to-energy plant in Vietnam

Source Finnish energy technology firm Valmet has signed a contract of between €20 million ($22.5 million) and €30 million ($33.8 million) for the delivery of a waste-to-energy plant in Vietnam. The contract has been signed with waste treatment company Thang Long Energy Environment for the firm’s greenfield waste-to-energy plant in Bac Ninh province. Valmet will provide […]

06.02.2022

Japan says ready to help Europe with LNG

Source Japan has suggested that it could step in and help Europe with natural gas supplies in the event of disruptions in Russian deliveries amid the continuing Ukraine crisis, Reuters has reported, citing Industry Minister Koichi Hagiuda. The minister declined to comment on reports that the United States had reached out to Japan to ask […]

05.02.2022

ACEN to acquire 49% interest in Vietnam solar platform of Super Energy Corporation

Source AC Energy Corporation (“ACEN”), through its wholly-owned subsidiary, AC Energy Vietnam Investments Pte. Ltd. (“ACEV”) and Super Energy Corporation Public Company Limited (“SUPER”), through its subsidiary, Super Energy Group (Hong Kong) Co., Limited (“Super HK”), have signed an agreement to form a strategic partnership to develop, own and operate renewable energy projects across ASEAN. […]

04.02.2022

OPEC+ agrees on March output rise amid oil price rally, defying pressure from U.S., India

Source A group of some of the world’s most powerful oil producers agreed on Wednesday to a further planned increase in output, even as crude prices trade near record levels amid geopolitical tensions. OPEC and non-OPEC partners, an influential energy alliance known as OPEC+, swiftly decided to green-light the return of 400,000 barrels per day […]

27.01.2022

Operational regulations of the State Steering Committee for the key oil and gas projects

Source Deputy Prime Minister Le Van Thanh, Head of the State Steering Committee for the key oil and gas projects has just signed Decision No. 11/QD-BCDNNDK dated January 19, 2022 promulgating the Operational Regulations of the Steering Committee for assisting the Government and Prime Minister to direct implementing the key oil and gas projects. The […]

24.01.2022

Biggest UAE renewable energy firm looks to deals for growth

Source The United Arab Emirates’ biggest renewable-energy company will make acquisitions and sell bonds as part of a plan to more than double its operations this decade and help the country achieve a net-zero target. “We have very significant growth ambitions,” Masdar’s Chief Financial Officer Niall Hannigan said in an interview in Abu Dhabi, the […]

23.01.2022

Vietnam’s 2021 crude exports drop 33% but higher 2022 upstream output, sales seen

Source Vietnam’s crude exports fell in 2021, as state-wide lockdowns and movement restrictions hampered key oil terminal and port operations in the year, but the Southeast Asian producer’s upbeat upstream output will likely lead to a revival in sweet crude and condensate shipments in 2022, industry and trading participants said. Vietnam exported 218,111 mt, or […]

22.01.2022

Hibiscus gets Vietnam approvals for Repsol acquisition

Source Malaysia’s Hibiscus Petroleum has received the joint approval from Petronas and PetroVietnam to take control of Repsol’s interests in the Block PM3 CAA production sharing contract (PSC) and unitisation agreement of the East Bunga Kekwa – Cai Nuoc field under Block 46 PSC. Hibiscus struck a deal with Repsol on 1 June 2021 to […]

21.01.2022

China’s 2021 diesel exports sink to 5-year low

Source China’s diesel exports in December sank to their lowest monthly level since March 2015, bringing the 2021 total to the lowest since 2016 at 17.21 MM tons, data showed on Tuesday. December exports of diesel slumped to 330,000 tons, down 78% from a year earlier, amid diminishing export quotas and as refiners curbed runs […]

20.01.2022

Inaugurating Dong Hai 1 Wind Power Project

Source On January 16, 2022, Trungnam Tra Vinh 1 Wind Power Joint Stock Company, a member of Trung Nam Group held a ceremony for inaugurating Dong Hai 1 Wind Power Project in Tra Vinh province. This project is the first step for the “sea voyage” demonstrating the construction capacity of Trungnam Group, in successful implementing […]

19.01.2022

ExxonMobil announces ambition for net zero GHG emissions by 2050

Source ExxonMobil announced its ambition to achieve net zero GHG emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets. The net-zero ambition is contained in the company’s Advancing Climate Solutions – 2022 Progress Report, formerly known as the Energy & Carbon Summary. The […]

18.01.2022

China’s 2021 refinery output up 4.3% to fresh high on fuel demand

Source China’s refinery output hit a fresh high in 2021, up 4.3% from a year earlier on robust fuel demand especially in the first half of the year, and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending fuel imports. Total refinery throughput last year […]

16.01.2022

Microsoft invests $50 MM in alcohol-to-jet fuel biorefinery

Source Microsoft is investing $50 MM in a LanzaJet facility in Georgia that will produce jet fuel from ethanol next year, LanzaJet said. The airline industry is considered one of the hardest to decarbonize. Renewable aviation fuel accounted for less than 0.1% of current global jet fuel demand of about 330 MM tons in 2019, […]

15.01.2022

CNOOC raises 2022 production target, sees oil peak by 2030

Source China’s CNOOC Ltd sets its 2022 production target at 10% above last year’s goal, while expects its domestic crude oil output to hit a plateau by 2030 and domestic natural gas by 2035 in line with China’s peak fuel demand. The offshore oil and gas producer targeted a record output at 600 million-610 million […]

14.01.2022

Japex signs up to develop Northern Vietnam LNG terminal

Source Terminal will initially handle up to 650,000 tpa of LNG and is expected to come online in 2025, subject to a final investment decision. Tokyo-based Japan Petroleum Exploration (Japex) has joined a project to build a liquefied natural gas receiving terminal in Vietnam. Japex confirmed has signed a share purchase agreement with Vietnam’s Iteco […]

13.01.2022

Kuwait Gulf Oil Company, Saudi Arabian Chevron to export spare gas from Wafra Joint Operations

Source The Kuwait Gulf Oil Co. has signed an initial agreement with Saudi Arabian Chevron Co. to export spare gas from the Wafra Joint Operations area. Initially, the company exported 12 million cubic feet of surplus gas. It expects to reach around 40 to 50 million cubic feet in the next five months, and around 80 […]

12.01.2022

Oldendorff bulker trials biofuel from Australia to Vietnam

Source Edwine Oldendorff, a Handy bulk carrier owned by Germany-based Oldendorff Carriers, has completed a biofuel trial from Australia to Vietnam. The biofuel trial voyage was performed for the CBH Group, the largest agricultural co-operative in Western Australia. The 38,600 dwt vessel loaded 30,000 tonnes of sustainably certified malting barley from the Albany Grain Terminal in Western […]

10.01.2022

Shell pursues US$7b buyback ‘at pace’ despite LNG troubles

Source Royal Dutch Shell said it will pursue its US$7 billion share buyback program after selling its US shale business “at pace” as its liquefied natural gas (LNG) production was hit once again by unplanned outages. Fuel sales were also hit by a slowdown in global economic activity due to the spread of the Omicron Covid-19 […]

09.01.2022

ExxonMobil discovers more oil off Guyana’s coast

Source ExxonMobil says it has made two additional oil discoveries off the coast of Guyana as the South American country prepares to become the world’s newest major oil producer. The discoveries occurred in an area where officials believe they can extract at least 10 billion oil-equivalent barrels. The company said a vessel that arrived in […]

09.01.2022

Vinacomin and EVN agree on the plan to coal supply for power generation in 2022

Source On December 4, 2021 in Hanoi held a meeting between the Electricity of Vietnam (EVN) and Vietnam Coal and Mineral Industries Group (Vinacomin) on the situation of coal supply for power production in 2021 and preparing the plan to supply coal for EVN’s thermal power plants in 2022. At the meeting, EVN General Director […]

08.01.2022

Saudi Arabia cuts oil prices for Asia in February

Source Saudi Arabia cut the prices of all the crude grades it will be selling to Asia in February to the lowest premium to regional benchmarks in three months, amid the rapid spread of Omicron and higher OPEC+ supply to the markets. The Kingdom, the world’s largest crude oil exporter, reduced the price of its […]

08.01.2022

Approving the plan for the electricity market operation in 2022

Source The Electricity Regulatory Authority (Ministry of Industry and Trade) has just issued Decision No. 98/QD-DTDL dated December 31, 2021 on approving the plan for the electricity market operation in 2022. According to the Decision, the ceiling electricity price (SMP cap) applied in the electricity market in 2022 is 1,602.3 VND/kWh (this price accounted for […]

07.01.2022

Making every effort to complete the 220kV Kien Binh – Phu Quoc transmission line

Source On the morning of December 29, 2021, the Southern Electricity Corporation (EVNSPC) and construction units started to pull the conductors for across the sea of the 220 kV Kien Binh – Phu Quoc transmission line, one of the national key projects to strengthen the electricity supply for Phu Quoc city (Kien Giang province).The project […]

07.01.2022

PetroVietnam’s revenue hits over US$27.1 billion in 2021

Source The Vietnam Oil and Gas Group (PetroVietnam) reported that it had met its revenue target in 2021 two months ahead of schedule, generating VND 620.2 trillion (US$ 27.1 billion), surpassing the yearly plan by 26.4 per cent, and up 28 per cent year-on-year. Besides revenues, the group has fulfilled most yearly targets despite difficulties caused by the COVID-19 pandemic, the complicated […]

06.01.2022

Indonesia warns coal supply crunch not over as China prices rally

Source Indonesia has warned that its coal supply situation remains critical, ahead of Wednesday’s (Jan 5) review of its export ban, unnerving global markets for the fuel used to generate most of the electricity that drives Asia’s biggest economies. Coal futures in China, the world’s biggest consumer of the fuel, surged on Tuesday after Indonesia, the top […]

06.01.2022

OPEC+ agrees to revive more output

Source OPEC and its allies agreed to revive more halted production as the outlook for global oil markets improved, with demand largely withstanding the new coronavirus variant. The 23-nation alliance led by Saudi Arabia and Russia approved the 400,000 barrel-a-day increase scheduled for February at a meeting on Tuesday, according to a statement. The group […]

05.01.2022

Opec appoints Kuwait’s Haitham Al Ghais as new secretary general

Source Opec appointed Kuwaiti oil executive Haitham Al Ghais as its new secretary general on Monday, January 3, as demand for oil continues to improve amid a mild recovery from the coronavirus pandemic. Mr. Al Ghais, a veteran of the Kuwait Petroleum Corporation and Kuwait’s Opec governor from 2017 to June 2021, will take the […]

05.01.2022

OPEC+ sticks to plan to add 400,000 bpd oil production in February

Source The OPEC+ group decided on Tuesday, Jan 4. to add another 400,000 barrels per day to its total oil production in February in a widely expected move to continue easing the cuts each month. At the end of a very short ministerial meeting, the OPEC+ alliance did not deviate from its current plan to ease […]

05.01.2022

Vietnam strengthens int’l cooperation to promote renewable energy development

Source By strengthening international cooperation in energy and completing mechanisms and policies in the field, Vietnam is working to improve the efficiency, sustainability and adapting capacity for the national energy sector. Recently, Deputy Minister of Science and Technology Tran Van Tung held a meeting with Ann Marie Yastishock, USAID Country Director in Vietnam and BT […]

03.01.2022

Vietsovpetro’s profits see 73.2 percent higher than target in 2021

Source Vietnam-Russia oil and gas joint venture Vietsovpetro has exceeded the production and financial targets for 2021 with profits for both sides was 282.5 million, or 73.2 percent higher than the set plan. According to Vietsovpetro, despite facing numerous difficulties, including the fluctuations in oil prices and negative impact of the COVID-19 pandemic, it has […]

31.12.2021

Japan to sell crude oil from state reserves in February

Source Japan plans to auction in February 629,000 barrels of crude oil from its national reserves as part of a U.S.-led global effort by oil-consuming nations to lower prices. Japan’s government will sell the crude to the winning bidder on or after March 20, the industry ministry said on Monday, Dec. 27, in a statement […]

30.12.2021

Vietsovpetro set to produce over 2.9 mln tons of oil equivalent

Source The Vietnam – Russia oil and gas joint venture Vietsovpetro aims to exploit over 2.9 million tons of oil equivalent and 65.4 million cu.m of natural gas next year, according to the company. The venture also aims to generate more than 1.3 billion USD in revenue from oil sales and nearly 190 million USD […]

28.12.2021

The operational regulations of the National Steering Committee for Electricity Development

Source Deputy Prime Minister Le Van Thanh – Head of the National Steering Committee for Electricity Development has just signed Decision 126/QD-BCDQGDL dated December 22, 2021 on Operational Regulations of the National Steering Committee. The Decision stipulates the tasks of the National Steering Committee for Electricity Development (National Steering Committee) as follows: Directing, inspecting, urging […]

27.12.2021

China, Japan vow to safeguard low-carbon supply chain, fair trade environment

Source Chinese and Japanese officials on Sunday, Dec. 26, vowed to build and safeguard a low-carbon supply chain and a fair, open trade and investment environment as part of efforts to expand bilateral cooperation and the opening-up of the Asia-Pacific region, during an annual bilateral forum on energy conservation and environmental protection. The continuation of […]

26.12.2021

Applying electricity storage systems for developing the clean energy system in Vietnam

Source Finalizing and analyzing the results of “Scientific conference on application of energy storage systems and technologies to improve efficiency for renewable energy projects in Vietnam” held at the end of November 2021 in Hanoi, the Scientific Council of The Vietnam Energy Magazine has just published a report on a need and role of electricity […]

25.12.2021

Shell signs deal for gas production from Oman Block 10

Source Supermajor Shell, along with its partners, has signed a concession agreement with Oman’s Ministry of Energy and Minerals to develop and produce natural gas from Block 10 of the Saih Rawl gas field. Shell’s partners in Block 10 are OQ and Marsa LNG which is a joint venture between TotalEnergies and OQ. The parties also […]

23.12.2021

Seminar talks hydrogen energy in Vietnam

Source Delegates at an online seminar on December 21 exchanged views on the role of hydrogen energy in Vietnam’s journey to net zero carbon emissions. The online seminar formed part of activities within the Renewable Energy Month 2021 (REM21) initiated and organized by the Vietnam Sustainable Energy Alliance (VSEA) from December 2 to 23. Associate Prof. Dr. Nguyen Hong Quan, Director […]

22.12.2021

China and India to drive record world coal demand next year

Source Advances in solar power and other clean energy technologies have failed to keep up with demand for electricity as economies rebound from the Covid crisis and China and India’s fossil fuel appetite will ensure the world stays well short of what is needed for a net zero 2050 for at least the next three […]

22.12.2021

IFC invests US$30 million in waste-to-energy plant in Bac Ninh

Source The International Finance Corporation (IFC) has committed US$30 million to the construction of a waste-to-energy plant in the northern province of Bac Ninh as part of support for Viet Nam to help it reach net-zero carbon emissions by 2050. The financing package will allow T&J Green Energy Company Limited – a joint venture between […]

21.12.2021

PVN and TKIS (India) discussed to cooperate in developing the later stages of the oil and gas industry

Source On the occasion of accompanying National Assembly Chairman Vuong Dinh Hue to pay an official visit to the Republic of India, on the afternoon of December 16, 2021, Mr. Le Manh Hung – CEO of Vietnam Oil and Gas Group (PVN) had a meeting with Mr. Rajesh Kamath – CEO of Thyssenkrupp Group, India […]

20.12.2021

Vietnamese, Indian firms cooperate in petrochemical refinery projects

Source Vietnam’s second largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), will cooperate with Indian Oil of India to develop petrochemical refinery projects in Vietnam, India and third countries. ​​​​​​​Under a Memorandum of Understanding just signed by the two enterprises in India, the two sides will evaluate cooperation opportunities in the […]

18.12.2021

Shell buys Savion

Source Shell has revealed that its subsidiary, Shell New Energies US LLC, has signed an agreement to buy 100 percent of Savion LLC from Macquarie’s Green Investment Group. Savion is described as a large utility-scale solar and energy storage developer in the United States. With this deal, which is expected to close by year end, Shell […]

17.12.2021

Vietnamese, German firms join hands in developing wind power projects

Source The Construction Joint Stock Company 47, Vu Phong Energy Group and Steag Energy Services GmbH of Germany signed in Hanoi on December 15 a memorandum of understanding (MoU) on jointly providing consultancy services for the implementation of wind power projects nationwide. Addressing the signing ceremony, Pham Nam Phong, Chairman of Company 47 and Vu […]

16.12.2021

Credit contract sealed for restructuring of Dak Drinh hydro power plant

Source A credit contract to provide 95 million USD for the restructuring of Dak Drinh hydro power plant was signed in Hanoi on December 14. Signatories were PV Power DHC that operates the plant, the Asian Infrastructure Investment Bank (AIIB) and French bank Natixis. The Dak Drinh plant located in Quang Ngai and Kon Tum provinces in […]

15.12.2021

Source Construction of a 1,200 MW thermal power plant with a total investment of over VND41.13 trillion (nearly $1.8 billion) began Monday in the central province of Quang Binh. When it becomes operational in 2025, the Quang Trach 1 Thermal Power Plant will annually generate 8.4 billion kWh for the national grid, said project investor […]

14.12.2021

Sinopec starts world’s largest green hydrogen plant

Source Construction began on Tuesday, Dec. 14 on the world’s largest green hydrogen project, generated from solar energy, in the Xinjiang Uygur autonomous region, to aid China’s move toward sustainable energy, said its operator China Petroleum and Chemical Corp. The project is also China’s first 10,000-ton level solar-generated green hydrogen demonstration project. With a total investment […]

11.12.2021

PVN and Zarubezhneft deliberated cooperation in developing the West Yereagin field project in Russia

Source Within the framework of the recent business trip to the Russian Federation of the Vietnam Oil and Gas Group (PVN), the leaders of Russia Petroleum Company Zarubezhneft and PVN deliberated the cooperation to invest in developing the West Yereagin Oil field project (Russia). At the meeting, Mr. Kydryashov – General Director of Zarubezhneft informed about the strategic orientations […]

10.12.2021

Exxon looking towards Permian Net-Zero emissions by 2030

Source Supermajor ExxonMobil has revealed its plans to achieve net-zero greenhouse gas emissions from operated assets in the U.S. Permian Basin by 2030. Exxon said that the plan would accelerate and expand its emission-reduction plans for unconventional operations in New Mexico and Texas. They are also a part of the corporate-wide effort to reduce upstream […]

09.12.2021

China Could Cause The Next Massive Crash In Oil Prices

Source Given the extreme disconnect between China’s huge economy-driven oil and gas needs and its minimal level of domestic oil and gas reserves, the country’s influence over oil prices has long been profound. As a result of this imbalance, China almost alone created the 2000-2014 commodities ‘super-cycle’, characterized by consistently rising price trends for all […]

09.12.2021

Vinacomin and EVN agree on the plan to coal supply for power generation in 2022

Source On December 4, 2021 in Hanoi held a meeting between the Electricity of Vietnam (EVN) and Vietnam Coal and Mineral Industries Group (Vinacomin) on the situation of coal supply for power production in 2021 and preparing the plan to supply coal for EVN’s thermal power plants in 2022. At the meeting, EVN General Director […]

08.12.2021

Aramco Signs $15.5B Gas Pipeline Deal

Source Saudi Aramco announced Tuesday, Dec. 7 that it has signed a $15.5 billion lease and leaseback deal involving its gas pipeline network with a consortium led by BlackRock Real Assets and Hassana Investment Company. Dubbed by Aramco as “one of the world’s largest energy infrastructure deals”, the company outlined that the transaction represents “significant progress” […]

08.12.2021

Asian LNG prices fall as import demand from China muted

Source Asia liquefied natural gas (LNG) prices fell this week as spot demand from China remained muted despite the start of winter and as natural gas supplies from Russia continued to flow steadily to Germany. But the drop in prices was kept in check by outages in Australia which curbed cargo loadings, trade sources said. The average […]

07.12.2021

Saudis raise oil prices for Asia and USA

Source Saudi Arabia raised oil prices for buyers in Asia and the U.S., signaling it sees demand staying strong despite the spread of the omicron variant of the coronavirus. The move comes days after the Organization of Petroleum Exporting Countries and its allies — a 23-nation group led by Saudi Arabia and Russia – surprised traders with a decision […]

07.12.2021

Saudi Arabia raises January Arab Lt crude price to Asia to near 2-years high

Source Saudi Arabia’s state oil producer Aramco raised official selling prices (OSPs) for all crude grades sold to key market Asia for a second straight month in January, tracking robust gains in Middle East spot market last month. The price hikes, announced by the company on Sunday, were implemented despite a decision last week by the Organization […]

07.12.2021

Aramco signs agreements with French companies

Source Saudi Aramco signed five agreements with French companies on Saturday, Dec 4, including a deal with Gaussin that aims to set up a manufacturing plant in the kingdom for on-road and off-road hydrogen-powered vehicles, the company said. The agreements were signed in Jeddah at an event organised by the Ministry of Investment to explore opportunities […]

06.12.2021

OPEC and Russia will pump more oil in January despite price plunge

Source Saudi Arabia, Russia and other leading oil producers have decided to stick with plans to increase supply in January despite a recent plunge in prices driven by fears of a new glut. The agreement was reached Thursday at a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and key allies, known as OPEC+. […]

06.12.2021

Offshore wind projects increase significantly in 2021, Fitch says

Source The world’s wind project pipeline increased significantly between the second and fourth quarters of this year as efforts to mitigate climate change continued to drive the adoption of renewables, according to a report by Fitch Solutions. The pipeline of wind projects rose sharply to 423 gigawatts, from 320 gigawatts in the second quarter, with […]

05.12.2021

Việt Nam Wind Power 2021 event launched

Source Việt Nam Wind Power 2021, an annual event since 2018, was launched in Hà Nội on Wednesday. The two-day event takes place on the sidelines of the Việt Nam Energy and Technology Forum organized by the State Agency for Technology Innovation. The event was co-sponsored by the Norwegian Embassy and its Commercial Section – Innovation Norway, […]

04.12.2021

PV Power partners with Russia company to develop LNG projects

Source The PetroVietnam Power Corporation (PV Power) has signed a cooperation agreement with gas industry company Novatek of Russia, on the development of liquefied natural gas (LNG) and energy projects in Vietnam. PV Power, a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), is the second largest electricity supplier of Vietnam after the Vietnam […]

03.12.2021

Big Oil Is Fighting For Clean Fossil Fuels

Source Several international oil supermajors are planning to boost production while also promising to decrease their greenhouse gas emissions over the next decade and beyond. This seemingly counterintuitive strategy is the result of pressure from international organizations to decarbonize and the continued climb of energy demand around the world.  Royal Dutch Shell, Eni, Total Energies, and […]

02.12.2021

Vietnam targets 75 pct energy from renewables by 2045

Source Vietnam plans to have renewables account for 75 percent of national power production capacity and 70 percent of actual production by 2045 under its COP 26 commitments. The targets have been set as part of the country’s transition to clean energy after PM Pham Minh Chinh committed to reaching net zero emissions by 2050 at […]

02.12.2021

PetroVietnam remains among country’s top three largest firms

Source Vietnam Oil and Gas Group (PetroVietnam) remains one of the three largest enterprises in the country in 2021, the 14th year in a row, according to the VNR500 rankings unveiled by Vietnam Report JSC. The list of the 500 largest businesses in Vietnam is topped by Samsung Electronics Thai Nguyen Co. Ltd. It was followed by Vietnam Electricity (EVN) […]

01.12.2021

Shell Won’t Abandon Green Transition in Face of High Oil Prices

Source The oil and gas market may be tightening amid historically low investment levels, but that won’t change Royal Dutch Shell Plc’s strategy to shift from fossil fuels. Shell is one of many European majors that have pledged to shrink its traditional hydrocarbon business, while increasing investments in clean energy. While some critics have raised […]

30.11.2021

Agreeing on the policy to invest in a wind power equipment manufactory in Nam Dinh

Source Information from Nam Dinh provincial People’s Committee (PPC) said that PPC of this province has just agreed to the policy for Rang Dong Mechanical Joint Stock Company (under Xuan Thien Group) to research and survey the off-shore wind power projects on ​​the sea of Giao Thuy, Hai Hau and Nghia Hung districts, and built […]

28.11.2021

PetroVietnam celebrates 60 years of traditional day

Source The Vietnam Oil and Gas Group (PetroVietnam) organized a series of activities on November 24-25 to celebrate the 60th anniversary of the traditional day of the oil and gas industry (November 27, 1961 – November 27, 2021). An online ceremony to welcome the first flow of oil extracted from BK-18A and BK-19 oil rigs was […]

26.11.2021

Japan’s factory activity grows at fastest pace in nearly four years

Source Japan’s factory activity grew at the fastest pace in nearly four years in November, as output accelerated on loosening Covid-19 restrictions, defying pressure from the biggest jump in input prices in 13 years. Activity in the services sector also accelerated, expanding at the fastest pace in more than two years as economic conditions stabilized after […]

25.11.2021

Vietsovpetro welcomes first oil flow from BK-18A and BK-19 oil rigs

Source Vietnam-Russia oil and gas joint venture Vietsovpetro on November 24 held an online ceremony to welcome the first flow of oil extracted from  BK-18A and BK-19 oil rigs. The event marked the 40th founding anniversary of Vietsovpetro and the 60th anniversary of the traditional day of the Vietnam oil and gas industry (November 27, 1961 […]

24.11.2021

OPEC+ Reacts To Biden, May Not Raise Oil Production In December

Source OPEC+ heavyweights Saudi Arabia and Russia are rethinking their production strategies in the aftermath of several nations’ plans to release crude oil from emergency stockpiles, according to unnamed Wall Street Journal sources. The United States announced on Tuesday that it would release 50 million barrels of crude oil—32 million barrels in the form of […]

20.11.2021

ADB, PetroVietnam team up to promote green energy development in Vietnam

Source The Vietnam Oil and Gas Group (PetroVietnam) and the Asian Development Bank (ADB) on November 18 signed a Memorandum of Understanding (MOU) on establishing a strategic partnership for 2021 – 2024 to promote clean and renewable energy development, and help PetroVietnam achieve its targets in green energy transition. The MOU establishes the foundation for […]

19.11.2021

Energy storage is an effective solution for efficiency improvement of REPs in Vietnam

Source On November 24, 2021, with the support of the State central management agencies, the Ministry of Industry and Trade (MOIT), the Office of the National Steering Committee for Electricity Development (ONEDSC), the Electricity Regulatory Authority (ERAV), the Electricity of Vietnam (EVN), a number of Vietnamese and international organizations and enterprises… The Scientific Council of […]

14.11.2021

Domestic demand for gasoline to recover in fourth quarter

Source The demand for gasoline in the domestic market in the fourth quarter of this year will recover compared to the previous quarters but will be lower than the same period last year, the Việt Nam Oil and Gas Group (PVN) forecast. Accordingly, gasoline consumption demand is expected to recover, but still decrease by 30 per […]

10.11.2021

PV GAS’s market cap exceed 10 billion USD

Source PetroVietnam Gas Joint Stock Corporation (PV GAS) has become one of the five businesses with market capitalization of over 10 billion USD in November. The rest four enterprises in the list are Vinhomes, Vingroup, Vietcombank, and Hoa Phat Group. Statistics from the Ho Chi Minh City Stock Exchange (HoSE), the market capitalization of companies listed […]

04.11.2021

‘Cash machine’ BP boosts share buyback as profit surges

Source BP added more than a billion dollars to its share buyback programme on November 2 as it likened itself to a “cash machine” benefitting from higher oil and gas prices and a strong trading performance in the third quarter. Natural gas and power prices around the world surged as tight gas supplies collided with […]

02.11.2021

Saudi Aramco’s quarterly profit surges on oil price, volumes

Source Saudi Arabian state oil producer Aramco said on Sunday October 31 its third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts’ forecasts. The oil giant’s best quarterly earnings since its listing in December 2019 was fuelled by the strongest quarterly average crude prices since its shares […]

29.10.2021

Petrobras 3Q profit rose to BRL31.1B on higher oil prices

Source Brazilian oil company Petroleo Brasileiro SA, or Petrobras, swung to a profit in the third quarter from a loss in the same period a year earlier as the price of crude oil jumped. The Rio de Janeiro-based company reported net profit attributable to its shareholders of 31.1 billion reais, equivalent to $5.5 billion, after […]

27.10.2021

Saudi Arabia aims to achieve net zero emissions by 2060

Source It involves an investment of SAR700bn, with the minister of energy adding that the initiative will not have an adverse economic impact on oil exporters. Mohammed bin Salman bin Abdulaziz, Crown Prince and Deputy Prime Minister of Saudi Arabia, announced that the kingdom aims to reach Net Zero by 2060 through a Carbon Circular […]

19.10.2021

Nord Stream 2 AG keen to provide market with extra capacities as soon as possible

Source The operator of Nord Stream 2 is keen to provide the market with additional reliable gas transport capacities as soon as possible, a source in the press service of Nord Stream 2 AG told TASS. “Our goal is to provide the market with additional reliable gas transport capacities as soon as possible. We will […]

05.10.2021

Aramco mega deal boosts Saudi foreign investment to record in Q2

Source Saudi Arabia booked its highest-ever quarterly foreign direct investment (FDI) in the second quarter, thanks to a large oil pipeline infrastructure deal that state oil giant Aramco closed in the period. Saudi Arabia, whose FDI numbers have trended at around $1 billion per quarter in the past three years, saw its Q2 2021 FDI […]

01.10.2021

OPEC boosts oil production by 420,000 Bpd to highest since April 2020

Source OPEC raised its crude oil production by 420,000 barrels per day (bpd) in September to the highest level since April last year, as the cartel continued to ease the cuts and Nigeria fixed supply issues, the monthly Reuters survey showed on September 30th OPEC’s all 13 members have been pumping on average 27.31 million […]

29.09.2021

World to reach peak oil demand before 2030 – TotalEnergies

Source Global oil demand is expected to peak before 2030, earlier than previously projected, TotalEnergiesư forecast on September 27th. The French oil major – which had previously forecast the peak happening around 2030, rather than before – said its business was now working on the assumption that global consumption would start declining before the end […]

23.09.2021

Iran looks to attract $145 billion in oil investment

Source Iran is drafting plans to attract as much $145 billion domestic and foreign investments in its oil industry over the next eight years, Iranian Oil Minister Javad Owji said on Tuesday. “We plan to invest $145 billion in the development of the upstream and downstream oil industry over the next four to eight years, […]

21.09.2021

Shell exits Permian with $9.5 bln Texas shale sale to ConocoPhillips

Source Royal Dutch Shell said on September 2oth it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the second sizable acquisition in a year in the heart of […]

17.09.2021

Novatek Wins License Auction To Grow LNG Resource Base in Yamal

Yamal LNG Resource, a subsidiary of Russia’s Novatek, has won exploration and production licenses to expand its Arctic resource base for sustained long-term growth of its LNG business. Yamal LNG Resource, a wholly owned subsidiary of Russia’s largest independent gas producer, Novatek, has won license auctions to conduct geological surveys, explore, and produce the Arkticheskoye […]

13.09.2021

China sells oil reserves to lower prices unprecedented move

Source China made an unprecedented intervention in the global oil market, releasing crude from its strategic reserve for the first time with the explicit aim of lowering prices. The announcement comes amid surging energy costs in China, not just for oil but also for coal and natural gas, and electricity shortages in some provinces that […]

07.09.2021

Russia, India ready to expand bilateral energy cooperation

Source Russian and Indian companies have been pushing for greater cooperation in the oil and gas sector beyond the $32 billion invested in joint projects, the countries’ energy ministers said on Sept. 2. Speaking at the Eastern Economic Forum in Vladivostok, Russian energy minister Nikolay Shulginov said almost all major companies — including Rosneft, Gazprom […]

01.09.2021

Sinopec plans to spend $4.6 bln on hydrogen energy by 2025

Source China’s Sinopec Corp plans to spend 30 billion yuan ($4.6 billion) on hydrogen energy by 2025 as the state oil and gas major pivots to producing natural gas and hydrogen as part of becoming a carbon-neutral energy provider by 2050. Asia’s biggest oil refiner said on Monday it plans to become China’s largest company […]

30.08.2021

MingYang from China developing world’s largest offshore wind turbine

Source MingYang Smart Energy scheduled the market launch of its 16 MW offshore wind turbine for 2024. The Chinese company said the largest wind turbine under development in the world will be able to supply enough electricity for 20,000 households. The rapid rise in demand for electricity for renewable sources and the decrease in costs […]

25.08.2021

Brent crude to average $66/b in 2021: Fitch Solutions

Source Fitch Solutions has held its Brent forecast at an annual average of $66 per barrel for 2021, although the balance of risk is now skewed to the upside. “After a breakthrough at a key resistance level of $70/b, tight supplies and key indicators point to further gains. Vaccination rates continue to climb, and easing […]

23.08.2021

Brazil discusses gas pipeline from Vaca Muerta shale with Argentina

Source “We are in negotiations with Argentina. Gas from Vaca Muerta. It will happen one day, because it is not easy to start importing gas, you need pipelines,” Bolsonaro said, as carried by Reuters A pipeline is estimated to cost $3.7 billion in Argentina and another $1.2 billion in Brazil, as per Reuters estimates. Bolsonaro […]

20.08.2021

China’s July oil product exports fall on quota shortages

Source China’s oil product exports fell 28% month on month to 4.64 million MT in July — a five-month low — as oil companies cut exports due to quota shortages. China exported 26.29 million MT of gasoline, gasoil and jet fuel in the first half, down 2.6% year on year, according to detailed data by […]

16.08.2021

BP says Australia is an ideal place to scale up green hydrogen production

Source Oil and gas giant BP said Wednesday “the production of green hydrogen and green ammonia using renewable ‎energy” was now technically feasible at scale in Australia. The energy major’s conclusion is based on the findings of a feasibility study announced in May 2020 and supported by the Australian Renewable Energy Agency, solar developer Lightsource bp […]

13.08.2021

Shell pays 95 million euros in compensation for Nigerian oil damage

Source Oil and gas company Shell is paying compensation of the equivalent of 95 million euros to Southern Nigerian communities for oil spills in 1970. This is an amount that was determined years ago by a Nigerian judge in a lawsuit that started in 2001.The amount is now actually being paid out, Shell confirms. That […]

10.08.2021

Saudi Aramco to boost capacity 550,000 b/d by 2025 amid plans to hit 13 million b/d

Source Saudi Aramco is pressing on with plans to ramp up its crude production capacity, looking to fill what it says will be a looming supply hole left by other global oil companies, which are cutting back on their upstream plans. The Saudi state-run oil giant said Aug. 9 that it’s on pace to raise […]

06.08.2021

Saudi Aramco raises oil prices for Asia, US

Source Saudi Arabian Oil Co. on Wednesday raised all of the prices at which it will sell oil to Asia and the U.S. in September, while cutting its prices for Europe. The state-run company, also known as Saudi Aramco, increased all prices for Far East Asia, raising its Arab light crude oil by 0.30 cents […]

04.08.2021

BP reports strong Q2 earnings, hikes dividend

Source BP reported an underlying replacement cost profit of $2.8 billion for the second quarter of the year, up from $2.6 billion for the first quarter, citing higher oil prices, which helped offset a weaker performance in gas marketing and trading. “We are a year into executing bp’s strategy to become an integrated energy company and […]

03.08.2021

Eni boosts dividend to Pre-COVID level after strong Q2 earnings

Source Italy’s energy giant Eni is raising its dividend to the pre-COVID levels after reporting on Friday an adjusted net profit for the second quarter that was back to pre-pandemic figures. Eni reported  US$1.1 billion (929 million euro) in adjusted net profit for the second quarter, compared to a loss of US$849 million (714 million […]

30.07.2021

Iraq wants American firm to replace Exxon

Source Iraq’s Prime Minister Mustafa al-Kadhimi said on Monday he wants another American company to replace Exxon Mobil Corp when it exits Iraq. Exxon, which in 2019 had looked poised to move ahead with a $53 billion project to boost Iraq’s oil output, has been seeking to sell its 32.7% stake in one of Iraq’s […]

28.07.2021

Japan energy transition threatens LNG demand

Source Japan last week unveiled  plans to boost renewable power generation capacity twofold over the next ten years, cutting the share of fossil fuels in its energy mix to less than 50 percent. The plan will involve halving the amount of energy Japan generates from liquefied natural gas over the period. Bloomberg quotes traders and […]

26.07.2021

Mercedes-Benz to go all-electric by 2030

Nguồn Mercedes-Benz maker Daimler plans to invest more than 40 billion euros, or $47 billion, between 2022 and 2030 to develop battery-electric vehicles, and be ready for an all-electric car market by 2030. Outlining its strategy for an electric future, the German luxury carmaker said on Thursday it would, with partners, build eight battery plants […]

23.07.2021

Iran opens oil terminal in Gulf of Oman to bypass Strait of Hormuz

Source Iran has opened its first oil terminal in the Gulf of Oman, President Hassan Rouhani said on Thursday, to allow Iranian tankers to avoid using the strategically vulnerable Strait of Hormuz, which has been a focus of regional tension for decades. “This is a strategic move and an important step for Iran. It will […]

20.07.2021

Chevron’s carbon capture project falls short of requirements

Source The world’s largest oil firms may need to be careful relying on carbon capture and storage to reduce emissions from operations as much as they would like. While almost every major oil and gas firm has said it would design facilities with CCS and use these technologies to cut the carbon footprint of their […]

15.07.2021

The OPEC+ stalemate isn’t over just yet

Source The battle over oil production quotas within OPEC+ is not yet resolved, according to an official statement from the UAE, although some earlier reports suggested that this was so. But that doesn’t mean progress hasn’t been made—at least with the UAE. However, it is the UAE’s production quota demands that may lead to other […]

09.07.2021

Brazil plans to be 5th-Largest crude exporter by 2030

Source Brazil’s expected oil output surge this decade will make it the world’s fifth-largest crude exporter in 2030, Brazilian Mines and Energy Minister Bento Albuquerque said in an interview with The Rio Times on Thursday. “In 2030, when we reach a production of 5.3 million barrels of oil per day, Brazil will become the fifth largest […]

07.07.2021

China’s crude imports jumped nearly 9% in June

Source China’s crude oil imports last month rose by 8.81 percent month-on-month in June to average 10.54 million bpd, energy analytics provider OilX said in its latest monthly report, adding that the number was still lower than last year’s June average, by 2.45 million bpd. What’s perhaps more interesting is that, according to the OilX […]

05.07.2021

Press release on the first shipment of diesel oil 10ppm of Nghi Son Refinery and Petrochemical LLC

PRESS RELEASE ON THE FIRST SHIPMENT OF DIESEL OIL 10PPM OF NGHI SON REFINERY AND PETROCHEMICAL LLC On June 29th 2021, Nghi Son Refinery and Petrochemical LLC (NSRP) in Nghi Son Economic Zone, Thanh Hoa Province, successfully released the first shipment of 25,000 metric tons of Diesel Oil 10ppm for exporting to Singapore. It was […]

04.07.2021

OPEC+ delays meeting to Friday as UAE objects to new oil deal

Source OPEC+ delayed its ministerial meeting until Friday to hold more talks on oil output policy, OPEC+ sources said on Thursday, after the United Arab Emirates blocked a plan for an immediate easing of cuts and their extension to the end of 2022. OPEC+ sources earlier said the plan, on which top OPEC+ producers Saudi […]

30.06.2021

Aramco sees major hydrogen market forming amid historic pressure test for Big Oil

Source Saudi Arabia’s oil giant Aramco is stepping up efforts to promote initiatives in hydrogen technology and investments to reduce carbon emissions, after a harrowing investor smackdown for Big Oil. “Hydrogen is real,” Aramco Chief Technology Officer Ahmad Al Khowaiter told CNBC in an interview Sunday, after a day of presentations from Aramco executives and […]

25.06.2021

Chevron has no plans to shrink conventional energy business

Source U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions. Major oil and gas producers are facing pressure from investors to lower greenhouse gas emissions […]

24.06.2021

Exxon cuts Mauritania exploration

Source ExxonMobil Mauritania representative Ibrahim Diagana as saying the company would give up its 90% stakes in Blocks C-14, C-17 and C-22. Exxon opened an office in Nouakchott in May 2019. It completed a 2D and 3D seismic survey on its blocks in June that year. At the time, the 3D seismic campaign was the […]

21.06.2021

Norway’s Equinor must lift its climate ambitions, minority investors say

Source Norwegian energy major Equinor must set tougher near-term targets for reducing the company’s climate impact when it presents a new strategy next week, minority shareholders said. Chief Executive Anders Opedal, who took the helm late last year with a promise to speed up the state-controlled firm’s renewable investments, also faces demands for climate action from […]

16.06.2021

Japan to donate 1 million doses of COVID-19 vaccine to Vietnam

Source Japan will donate 1 million doses of AstraZeneca Vaccine  to Vietnam, Japanese Foreign Minister Toshimitsu Motegi said on June 15th The decision has been made after Japan comprehensively considered the infection situation in Vietnam, the shortage of vaccines and Japan-Vietnam relationship, Motegi said in a news conference in Tokyo. Vietnam has been facing a […]

15.06.2021

BP plans to spin off its Iraqi oil assets into separate company

Source BP is considering spinning off its oil assets in Iraq, including its holding in the world’s third-largest oilfield, into a company separate from the supermajor, which has set its sights on investing more in clean energy in coming years, sources with knowledge of the plan told The Wall Street Journal. BP is reportedly working […]

14.06.2021

IEA sees oil demand hitting 100.6 million Bpd by end-2022

Source Global crude oil demand will rebound to pre-pandemic levels and exceed them, clocking in at 100.6 million barrels daily by the end of next year, the International Energy Agency said in its latest monthly Oil Market Report. This, however, will only happen “in the absence of further policy changes.” This year, demand will grow […]

10.06.2021

Shell to step up energy transition after landmark court ruling

Source Royal Dutch Shell will seek ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business. Shell plans to appeal the May […]

09.06.2021

ExxonMobil refinery to receive more than $240 MM in upgrades

Source Gov. John Bel Edwards and ExxonMobil Baton Rouge Refinery Manager David Oldreive announced the company’s final investment decision for more than $240 million in capital improvements at the ExxonMobil Baton Rouge Refinery. The suite of projects will improve processing capability, increase flexibility for meeting market demand, advance overall site competitiveness and install technology for […]

07.06.2021

Oil and gas highlights over the week

Source: Rigzone & Vietnambiz Oil slips as rally starts to cool Oil slipped after hitting $70 a barrel in New York for the first time since October 2018 as a rally driven by signs of a tightening market eased. Futures jumped 5% last week and were unable to break above the $70 marker Monday, June 7th. The long-term […]

02.06.2021

Exxon quits Deepwater oil project in Ghana

Source Exxon is leaving a Deepwater prospect in Ghana after seismic work failed to produce good enough results. Bloomberg reports that the supermajor relinquished its whole stake in the Deepwater Cape Three Point block and resigned as the operator of the block. Bloomberg cited sources as saying that the work Exxon had performed since its assumption […]

01.06.2021

OPEC boosted production less than expected in May

Source As agreed in early April, OPEC has been raising its oil production in May, but lower output in Nigeria, Angola, and Iran partly offset major increases from top producers Saudi Arabia and Iraq to result in a lower-than-expected rise in the cartel’s supply, the monthly Reuters survey showed on Monday. OPEC’s 13 members have […]

27.05.2021

Shell to sell interest in Deer Park refinery to partner Pemex

Source Royal Dutch Shell  agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint. The deal makes the Deer Park, Texas, facility the first foreign refinery that Mexico’s state-run oil […]

26.05.2021

Activist investor wins Exxon board seats in day of reckoning for big oil

Source Activist investor fund Engine No. 1 was victorious today in Exxon’s annual shareholder meeting on Wednesday. Engine No. 1, small though it may be, was successful in obtaining at least two board seats at the oil giant after a devastating battle over Exxon’s board of directors. The vote on a third Engine No. 1-supported […]

19.05.2021

COVID crisis may delay oil offloading operations in India

Source The alarming situation with the spread of the coronavirus in India has started to affect operations at some of India’s ports, which could lead to delays in oil offloading and discharge of vessels and disrupt other trade operations. The Karaikal port declared force majeure between May 10 and 24, saying its operations “are being […]

18.05.2021

BP’s lobbying for gas shows rifts over path to net-zero emissions

Source Natural gas emits roughly half the CO2 emissions of coal when burned in power plants. But gas infrastructure is also associated with emissions of the greenhouse gas methane Oil major BP has lobbied for the EU to support natural gas, a move that exposes divergent views among investors and reflects a wider European dispute […]

14.05.2021

ExxonMobil sets higher Guyana oil production target

Source ExxonMobil has revised upward its 2025 crude oil production in Guyana on the back of its fourth deepwater project there. Under new estimates, Exxon expects to produce 800,000 bpd by 2025. And Guyana has even more optimistic projections for its crude oil production at 1 million bpd by 2027. Exxon’s fourth project, the Yellowtail […]

13.05.2021

BP shareholders reject emission-cutting resolution

Source The majority of BP shareholders voted against a resolution filed by Dutch activist investor group Follow This that demanded the supermajor increase its emissions-cutting commitments. Some 80 percent voted against the resolution. Follow This and others noted, however, that the 20.7 percent that did vote in favor of the new targets was double the […]

11.05.2021

BP says it will stick with U.S. oil lobby after climate shift

Source BP said it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change. BP, which plans to sharply cut its oil output and boost its renewable energy capacity over the next decade, said […]

09.05.2021

Big Oil eyes wave of buybacks after blowout earnings

Source Crude oil futures have rallied to their highest finish in months, with WTI price climbing above $65 for the first time in two months after OPEC+ stuck with plans to gradually ease production curbs, signaling confidence in the demand outlook. The optimism has coincided with a breakout season for the S&P 500, with the Energy Sector (XLE) […]

07.05.2021

Mexico’s president criticizes Shell-Pemex joint venture in Texas refinery

Source Mexican President Andrés Manuel López Obrador on Friday criticized the partnership between state oil company Pemex and Anglo-Dutch Royal Dutch Shell at a refinery in Texas, United States, arguing that it has not yielded benefits for Mexico. The president, a nationalist in energy matters, said that since the partnership with Shell was established in […]

26.04.2021

Houthis claim drone attack on Saudi Aramco oil facility

Source The Iran-aligned Houthi movement in Yemen targeted with a drone a facility of Saudi Aramco in the southwestern Saudi city Jizan, a military spokesman for the rebels wrote on Twitter, as carried by Reuters. The Houthis also targeted the King Khalid air base with two drones, the spokesman said. Saudi Arabia has not yet […]

21.04.2021

Exxon proposes $100 Billion carbon capture project

Source Exxon has announced  an ambitious carbon capture and storage project that could see the removal of 100 million tons of carbon dioxide annually by 2040. Dubbed the Houston Ship Channel CCS, the project will require the participation of both public and private entities. It will also require investments to the tune of a staggering […]

20.04.2021

BP plans $1.3 billion gas collection system to eliminate flaring

Source Supermajor BP plans to invest $1.3 billion on constructing a system that would capture and collect natural gas released during oil production in the Permian to eliminate the highly controversial practice of flaring, the Wall Street Journal reports, adding that the company could announce an end to flaring by 2025. “We will be producing oil […]

16.04.2021

Shell to put energy transition plan to shareholder vote

Source Oil supermajor Shell will put  its Energy Transition Strategy to a non-binding shareholder vote at its annual general meeting next month, the first time an energy firm will be seeking an advisory approval of its plan to go to net zero. Shell has pledged to become a net-zero energy company by 2050, and said […]

15.04.2021

ExxonMobil has agreed to reduce air pollution at refinery near Chicago

Source ExxonMobil has reached an agreement with U.S. and Illinois regulators to reduce air pollution at its refinery near Chicago in Joliet, Illinois, the U.S. Department of Justice said in a statement. The consent decree, which will require ExxonMobil to make operational changes to its sulfur recovery plant to reduce emissions, marks yet another sign […]

12.04.2021

Total begins producing sustainable aviation fuel in France

Total has begun producing sustainable aviation fuel (SAF) at its La Mède biorefinery in southern France and its Oudalle facility near Le Havre. The biojet fuel, made from used cooking oil, will be delivered to French airports starting in April 2021. Total will also be able to produce SAF as from 2024 at its zero-crude […]

11.04.2021

China sets world record for deep-sea drilling in disputed South China Sea

Source China has set a world record for deep-sea drilling in the South China Sea, Chinese state media reported, while tensions in the disputed area are rising. According to the Xinhua news agency, Chinese scientists aboard a marine research vessel drilled on Wednesday 2,060 meters (6758 feet) under the seabed to obtain a sediment core. China’s […]

10.04.2021

Total’s $5-Billion Uganda project set for imminent go-ahead

Source The final investment decision on a US$5.1-billion project involving French oil giant Total in Uganda is expected to be announced as soon as on Sunday, Bloomberg quoted Uganda National Oil Company as saying late on Thursday. The project for tapping more than one billion barrels of crude oil in Uganda and transporting them out of […]

09.04.2021

Exxon says it may close down its oil refinery in Norway

Source Exxon is considering whether to close down its Slagen oil refinery in Norway, which has a capacity to process 120,000 barrels of crude per day, turning the site into an import terminal, the U.S. energy major said. The refinery at Slagentangen near Toensberg in south-east Norway was built in 1961 and process crude oil […]

08.04.2021

Shell upstream oil and gas division shows earnings, production recovery in Q1

Source Shell is set to report positive earnings in its upstream oil and gas division for the first time in a year in its Q1 results, as the Anglo-Dutch major shows signs of at least partial recovery, hampered by weak oil product sales, according to an update April 7th. The preview ahead of Q1 results […]

07.04.2021

How Saudi Aramco leverages blockchain to boost business

Source Saudi Aramco comments on its current blockchain adoption and strategy to expand in the future Aramco has the ambition to become the world’s leading digitalized energy company, as it wants to leverage innovative technologies to improve efficiency, safety and sustainability. Blockchain technologies are being utilized in different parts of the Company to reimagine and […]

06.04.2021

BP on track to meet net debt target ahead of schedule

Source BP is on track to reach its net debt goal reduction to $35 billion ahead of schedule, the company said in a statement. According to the statement, the UK-based supermajor expects to have reached this level of net debt by the end of March. “We are pleased to announce that we now expect to have […]

05.04.2021

Kuwait searches for a path to post-pandemic recovery

Source Kuwait has ambitious plans for its oil and gas sector, making moves to leverage the 101.5 billion barrels of proven oil reserves on which it sits, as estimated at the end of 2019 in BP’s 2020 Statistical Review of World Energy. It planned to invest $100 billion between 2018 and 2023 to boost its […]

01.04.2021

Kuwait cautiously optimistic that oil demand will improve

Source Kuwait’s Oil Minister Oil Mohammad Abdulatif al-Fares expressed “cautious optimism” that the global oil demand will improve as COVID-19 vaccination programs gather pace and industrial output recovers. Speaking ahead of a joint meeting of the Organization of Petroleum Exporting Countries and other major oil producers, he said the market supply/demand balance has largely improved […]

30.03.2021

Shell to tie executive bonus pays with energy transition goals

Source Oil and gas supermajor Shell is set to tie the bonuses for its top executive directors more closely to the group’s performance in reaching its net-zero goals, if shareholders approve the plan at the annual general meeting in May, Reuters reported on Monday. Two years ago, Shell became the first supermajor to set short-term […]

26.03.2021

Petrobras top managers quit for clashing with incoming CEO’s plans

Source Petroleo Brasileiro SA’s chief financial officer and three other top executives decided to leave the state-controlled producer after clashing with the plans of the company’s incoming chief executive, a person close to the executives said. Topics of disagreement between the current management and the incoming CEO, retired general Joaquim Silva e Luna, include his plans […]

25.03.2021

Offshore Oil & Gas spending set to jump to $44 billion in 2021

Source After last year’s lowest spending on new field developments in 30 years, the offshore oil and gas sector is set to significantly increase capital expenditures this year to around US$44 billion, according to Westwood Global Energy Group. Offshore upstream oil and gas spending is expected to surge to around US$44 billion this year, compared […]

23.03.2021

Aramco net income for 2020 plunges 44% year on year

Source Saudi Aramco posted it full-year 2020 results, with net income of $49 billion. This is a 44% drop compared to its 2019 net income of $88.2 billion. “In one of the most challenging years in recent history, Aramco demonstrated its unique value proposition through its considerable financial and operational agility,” Aramco president & CEO […]

22.03.2021

Oil major BP plans UK’s biggest blue hydrogen project

Source Oil and gas supermajor BP said on Thursday it had started developing plans for what would be the largest hydrogen project in the UK, aiming to produce 1 GW of blue hydrogen by 2030, as part of its efforts to contribute to industry decarbonization and the UK’s low-carbon energy plans. Blue hydrogen is hydrogen […]

17.03.2021

Oil falls for first week in two months with rally losing steam

Source New York/London: Oil in London fell for the first week in two months as signals of a patchy demand rebound across the globe and a stronger dollar held back a crude’s rally. Global benchmark Brent futures fell 0.6% on Friday. West Texas Intermediate also edged lower, posting its first weekly decline in three weeks. A […]

16.03.2021

Shell prepares crude units for restart

Source Royal Dutch Shell Plc RDSa.L is preparing to restart the crude distillation units (CDUs) at its 318,000 bpd  joint-venture Deer Park, Texas refinery, said sources familiar with plant operations. The restart of the 270,000-bpd DU-2 CDU and the 70,000-bpd DU-1 CDU between Sunday night and Monday, assuming no setbacks, will begin the restart of all […]

15.03.2021

Samsung to support Thanh Hoa in attracting investment

Source Samsung Vietnam CEO affirmed that Thanh Hoa had favorable traffic conditions with improved business and investment environment, and in the coming time, Samsung would support the province to attract investment. The delegation of the Samsung Vietnam Complex led by Mr. Choi Joo Ho had a meeting with Thanh Hoa province in order to discuss […]

10.03.2021

Saudi Arabia joins club of Middle East’s ‘green energy’ leaders

Saudi Arabia has become one of the Middle East and North Africa (MENA) region’s leaders in the race to use renewable energy, according to a new study. The Solar Outlook Report 2020 was launched at the Solar Forum of the World Future Energy Summit, a highlight of this year’s Abu Dhabi Sustainability Week (Jan. 11-18). […]

10.03.2021

WB funded US$86,3 million to support energy efficiency projects in Vietnam

Source According to WB, US$8,3 million in the total of US$11,3 million will be used for the private sector to increase its capability for identifying, appraising, and executing energy efficiency projects. The World Bank, on behalf of The Green Climate Fund (GCF), has signed a US$11,3 million grant agreement with the State Bank to promote the commercial […]

10.03.2021

Oil prices slide on yet another surprise inventory build

Source The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 12.792 million barrels for the week ending March 5. Analysts had predicted an inventory build o 816,000 barrels for the week. In the previous week, the API reported a major build in oil inventories of 7.356-million barrels after analysts […]

06.03.2021

Surprise OPEC+ cuts rollover depresses already weak oil tanker market

Source Oil tanker owners and shipbrokers are set to suffer longer than expected from the massive OPEC+ production cuts after the coalition surprised the oil and tanker markets on Thursday by deciding to keep oil production flat in April. The cuts from the OPEC+ group were already hurting the oil tanker market at the start […]

05.03.2021

Japan’s Mitsui to invest in UK carbon capture project

Source Japanese trading house Mitsui & Co Ltd said it would invest in the development of a carbon capture and storage (CCS) project in Britain. The Japanese company will take a 15.4% share in Storegga Geotechnologies which is developing the Acorn CCS project to store carbon dioxide emissions in depleted North Sea oil and gas […]

05.03.2021

Exxon to cut 7% of Singapore workforce

Source ExxonMobil Corp plans to cut its workforce in Singapore, home to its largest oil refining and petrochemical complex, by about 7% amid the “unprecedented market conditions” resulting from the COVID-19 pandemic, it said. About 300 positions out of 4,000 current jobs will be impacted by the end of 2021, the company said in a […]

02.03.2021

Aramco seeking to extend loan $10 billion loan

Source Saudi Aramco is reportedly seeking to extend a $10-billion loan, according to Reuters, which cited unnamed sources familiar with the matter, who confirmed an initial report by a Reuters-related news outlet. Aramco took the loan from a group of banks last year in May to finance its acquisition of Sabic, the Saudi petrochemicals major, which cost […]

01.03.2021

Shell aims to produce clean aviation fuel, naphtha

Source Royal Dutch Shell in Germany aims to produce aviation fuel and naphtha made from crops and renewable power and to increase to commercial scale an electrolysis plant that makes fossil-free hydrogen, as it seeks to move away from crude oil. The energy major told an online conference it had applied for subsidies to carry […]

26.02.2021

Japanese energy firm to hold 11 percent stake of Petrolimex

Source Japan’s ENEOS Corporation said it has registered to buy 25 million treasury stocks of the Vietnam National Petroleum Group (Petrolimex). The purchase will be made from March 1-30 in the form of order matching on the stock market. It previously acquired 13 million treasury shares of Petrolimex, or a stake of 1 percent, from […]

26.02.2021

OPEC+ considers production increase at March meeting

Source OPEC+ will discuss the possibility of increasing its oil production levels at the next meeting, OPEC+ sources told Reuters on Wednesday. The group is set to meet on March 4, where it will discuss raising output as much as a half a million barrels per day starting in April, the sources said. OPEC+ members […]

25.02.2021

Exxon sells UK North Sea oil, gas assets for over $1 billion

Source ExxonMobil will sell most of its non-operated assets in the UK’s central and northern North Sea to private equity fund HitecVision for more than $1 billion, the U.S. supermajor said on Wednesday as it divests non-core assets to focus on its priority areas—the Permian, Guyana, Brazil, and LNG. Exxon will be selling to HitecVision’s […]

24.02.2021

Oil prices slip on surprise inventory build

Source The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 1.026 million barrels for the week ending February 19. Analysts had predicted an inventory draw of 5.190 million barrels for the week. In the previous week, the API reported a draw in oil inventories of 5.8- million barrels  after […]

19.02.2021

BP launches award scheme to rally employee support for renewables

 Source Oil supermajor BP is launching a share award scheme for its 60,000-strong workforce to rally support for the company’s renewable energy shift spearheaded by chief executive Bernard Looney who took the reins a year ago. Reuters reported, citing a meeting between Looney and all of BP’s employees last week, that the award scheme will […]

18.02.2021

Japanese refiner Idemitsu enters car market with plans to launch EV in 2022

Source Japanese oil refiner Idemitsu Kosan Co Ltd is to move into the car market with plans to launch an electric vehicle next year at its 6,400 petrol stations via a joint venture with unlisted automaker Tajima Motor Corp. The move shows how the oil refiner is stepping up its transformation into a supplier of […]

17.02.2021

Japan’s Idemitsu to make foray into micro-EV business as it prepares for energy transition

Source Japan’s second largest refiner Idemitsu Kosan said Feb. 16 it will formally make a foray into a micro-electric vehicle business in April, when it launches a joint venture with Tajima Motor to introduce the micro EV in 2022, targeting the potential 1 million unit/year market. The move comes as Idemitsu Kosan President and CEO […]

17.02.2021

Shell shuts down 310,000-bpd Deer Park refinery due to malfunction

Source Shell has shut down the crude distillation units of its Deer Park refinery due to a malfunction, Reuters has reported , citing unnamed sources familiar with the matter. The two crude distillation units have a combined capacity of 310,000 barrels of oil daily. According to the Reuters sources, they were shut down after a seal […]

08.02.2021

Is there an oil price correction coming?

Source Even as Baker Hughes reported a rise in the number of active drilling rigs in the United States on Friday, oil prices continued to see gains on Friday afternoon. At 4:19pm EDT, WTI crude was still up 1.32% on the day at $56.97. Brent was still up over 1% on the day, at $59.44—dangerously […]

03.02.2021

Exxon, Chevron CEOs discussed merger in early 2020

Source The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to people familiar with the matter. The discussions, which are no longer active, are indicative of the pressure […]

30.01.2021

Idemitsu extends tender offer for Toa Oil amid fund pressure Idemitsu extends tender offer for Toa Oil amid fund pressure

Source Japanese refiner Idemitsu Kosan Co said it had extended its public tender offer for a smaller rival, Toa Oil Co, in which a U.S. investment fund has been building up a stake. In a statement to the Tokyo Stock Exchange, Idemitsu said the tender would run until Feb. 15, as Toa Oil had revised […]

28.01.2021

10 outstanding highlights of Petrovietnam in 2020

The Party Committee of the Group had directed to organize successfully 987 congresses of Party committees, subordinate branches and the 3rd congress of the Party Committee of Vietnam National Oil and Gas Group for the term 2020-2025 to ensure solemnity, safety, and practicality in the conditions of increasing Covid-19 epidemic prevention and control. HIGHTLIGHT NO.1: […]

28.01.2021

82 Covid cases detected in Vietnam related to 2 people diagnosed with disease

Source Vietnam has recorded the highest number of Covid-19 cases in a single day as authorities found clusters of 82 patients related to the two diagnosed on Thursday with the disease. Of the 82 new patients, 72 work at Vietnam Poyun Electronics Co., Ltd. in Hai Duong Province and 10 at Van Don International Airport […]

26.01.2021

Oil prices gain on multiple international events

Source Even though the pandemic is not yet slowing down, oil prices have good reasons to start the week with gains, as traders capitalize on a bullish cocktail of news on Monday morning. In the US, newly inaugurated President Biden seems to be pushing for a quick approval of his proposed 1.9 trillion-dollar pandemic relief […]

22.01.2021

Iraq slashes 2021 oil exports to India to meet OPEC+ quota

Source OPEC’s second-biggest oil producer, Iraq, has reduced its term supplies for 2021 to several major Indian refiners by 10-20 percent, industry sources told Reuters, some of them noting that the Iraqi move was totally unexpected. Iraq has been the biggest laggard in the OPEC+ production deal, producing above its quota in the agreement and drawing […]

18.01.2021

Oil Major Total withdraws from API over climate policy differences

Source Total will not renew its membership in the American Petroleum Institute (API) for 2021 due to divergences with the main U.S. oil lobby over climate policies, the French oil and gas supermajor said  on Friday. For 2019 and 2020, Total found API’s positions “partially aligned” to its own, but some divergences remain. Those include […]

18.01.2021

Russia’s Rosneft looks to attract oil traders to huge Arctic project

Source Russia’s top oil producer, state-controlled oil firm Rosneft, is in talks with some of the world’s largest oil trading houses, offering them to become investors in a major oil project in Russia’s Far North in exchange for oil supply contracts, sources close to the talks told Reuters. Russia looks to develop the Vostok Oil […]

15.01.2021

Total, Apache make yet another oil discovery offshore Suriname

Source Total and Apache Corporation have made their fourth oil and gas discovery offshore Suriname in the Guyana-Suriname basin, the French supermajor said on Thursday. The discovery adds to numerous other significant oil finds in the Guyana-Suriname basin, where ExxonMobil is also a major operator besides Total and Apache. The new Total-Apache found oil at […]

14.01.2021

Saudi Aramco cuts February crude supply to some Asian refiners

Source Top oil exporter Saudi Arabia has cut supplies of February-loading crude for some Asian buyer by up to a quarter while meeting requirements of at least four others, several refinery and trade sources with knowledge of the matter said. This comes after Saudi Arabia pledged additional voluntary output cuts of 1 million barrels per […]

13.01.2021

Oil prices rally on large crude draw

Source The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 5.821 million barrels for the week ending January 8. Analysts had predicted an inventory draw of 2.266 million barrels for the week. In the previous week, the API reported a draw in oil inventories of 1.663-million barrels, after analysts had predicted […]

09.01.2021

Petrobras oil output hits record in 2020

Source Crude oil output from fields operated by Brazil’s state energy major Petrobras hit a record last year despite the pandemic, at an average 2.3 million bpd, Bloomberg reported, comparing the production rate to that of Kuwait. This was pretty much in line with Petrobras’s own guidance for average daily production in 2020, which stood at […]

08.01.2021

TechnipFMC resumes plan to split company

Source TechnipFMC plc (the “Company”) announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The separation would enhance TechnipFMC’s and Technip Energies’ focus on their respective strategies and provide both improved […]

08.01.2021

Saudi surprise cut continues to lift oil prices

Source Oil prices remained elevated and were still on the rise on Thursday, hitting an 11-month high, as the effects of Saudi Arabia’s surprise announcement about an additional million barrels of crude oil production cuts still has enough juice to withstand civil unrest in the United States and the global pandemic. At 4:11 p.m. EST, […]

07.01.2021

Exxon discloses value-chain emissions

Source Under pressure from investors, Exxon has released an Energy and Carbon Summary that for the first time in the company’s history, makes public the amount of carbon dioxide emissions produced across its value chain—so-called Scope 3 emissions. In the document, Exxon reported that its Scope 3 emissions in the upstream segment last year amounted […]

07.01.2021

Q4 2020 saw jump in oil & gas dealmaking

Source Oil and gas producers engaged in the most dealmaking of the year in the fourth quarter of 2020, according to analytics firm Enverus, Reuters reports. Deals worth $27.1 billion were had by oil and gas producers in the fourth quarter—a $ billion increase from the prior quarter. Bolstering the figures were three multi-billion-dollar acquisitions […]

07.01.2021

BP gives Caribbean refinery more time to hit operating targets

Source BP Plc has given the operator of a Caribbean refinery more time to fully restart and retain its crude oil supply agreement after the plant failed to hit operating targets last year, according to people familiar with the matter. Last month, BP threatened to walk away from a 2018 agreement to supply up to […]

05.01.2021

Russia’s annual oil production drops for the first time since 2008

Source Due to the OPEC+ production cut deal and the decreased demand in the pandemic, Russia’s crude oil and condensate production fell in 2020 for the first time since the 2008 financial crisis and then slump in oil prices, according to government statistics. Russia’s annualized oil production declined by 8.6 percent to 10.27 million barrels […]

05.01.2021

Venezuela’s 2020 oil exports plunged to the lowest level in 77 years

Source Venezuela’s crude oil and refined product exports plummeted in 2020 to their lowest level in 77 years, as the U.S. continued to step up sanctions against Nicolas Maduro’s regime and anyone found dealing with it, Reuters reported on Monday, citing data from Refinitiv Eikon and internal documents from state oil firm PDVSA. Last year, […]

04.01.2021

OPEC sees oil outlook for first half of 2021 full of downside risks

Source OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said, a day before meeting allies led by Russia to discuss output levels for February. “Amid the hopeful signs, the outlook for the first half of 2021 is very mixed and there are still many downside […]

01.01.2021

Exxon set for fourth loss in 2020 after $20-Billion write-down

Source ExxonMobil is on track to book another quarterly loss this year—its fourth consecutive loss in 2020—announcing that it expects to book a massive up to $20-billion write-down for Q4, the U.S. oil and gas supermajor signaled in an SEC filing on Wednesday. Impairments of between $18 billion and $20 billion will weigh on the […]

31.12.2020

OPEC+ compliance continues to exceed 100%

Source OPEC+ fully complied with the supply cuts in November that the group agreed on, two sources from the group told Reuters. OPEC+ is scheduled to meet on January 4 to discuss how much the group will produce in February and beyond. The group is also set to meet monthly to determine the production quotas […]

30.12.2020

Oil prices climb on stimulus hopes

Source –    Oil is once again trapped  between vaccine optimism and near-term pandemic pessimism. –    Vaccinations began across the EU in recent days, but there are signs of an economic hit in Asia on an uptick in infections. –    The front-end of the brent curve has moved back into contango, a sign of bearishness for […]

30.12.2020

Mexico restricts fuel imports of private firms

Source Mexico issued during the weekend new rules that would limit fuel imports of private firms in a controversial move seen as boosting the dominant position of state oil firm Pemex. Mexico’s leftist populist President Andrés Manuel López Obrador came to power with the promise to increase state support for Pemex and make the state-run […]

29.12.2020

Saudi Aramco has discovered four new oil and gas fields

Source Saudi Aramco has discovered four new oil and gas fields, the Kingdom’s Energy Minister Abdulaziz bin Salman said, as quoted by the Saudi Press Agency. Two of the fields are unconventional deposits, the report said. One of these, al-Reesh, has three wells pumping oil, at a rate of a combined 10.851 barrels of Arab […]

23.12.2020

Oil dives on new Covid-19 strain reports

Source There has been no lack of surprises for the oil market in 2020 and just before the year concludes, when traders were finally thinking that certain stability has prevailed, prices plunged on news of a new Covid-19 strain in the UK. The market has been hiking oil prices over the last few weeks, thinking […]

23.12.2020

Oil’s rally, fueled by vaccine progress, is running out of steam

Source The oil market has rallied almost 40% in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on COVID-19 vaccines that has investors thinking the end of the coronavirus pandemic is in sight. Reality struck back on Monday, however, with a selloff driven by the surge in cases […]

22.12.2020

OPEC+ plans to meet more frequently to discuss oil market balancing

Source OPEC+ will take a more hands-on approach to global oil markets now that it plans to meet more frequently, Bloomberg has reported, citing the leaders of the group, Saudi Arabia and Russia. “We are meeting monthly because we believe that the market is still not recovered and is still extremely volatile,” Russian Deputy Prime Minister […]

22.12.2020

Shell’s 2020 write downs could soar to $22 billion

Source Shell warned the market on Monday that it would book up to $4.5 billion more in post-tax charges in the fourth quarter, which would take the supermajor’s combined write-downs to over $22 billion in the year in which Big Oil significantly cut the value of their oil and gas assets. Shell expects post-tax charges […]

22.12.2020

Iran wooing Russian oil companies

Source Iran has stated its interest in attracting investments from Russian oil companies to help develop its oilfields, Russia’s TASS news agency said on Monday, quoting Iranian Oil Minister Bijan Zanganeh. Iran is hoping to not only attract investments into its oil industry, but looking to increase its energy cooperation with Russia to offset the […]

18.12.2020

Trafigura sees oil at $60 thanks to vaccines

Source Commodity trading giant Trafigura expects a strong rebound in oil demand next year thanks to mass vaccinations, which will push crude oil prices to $55-60 a barrel, Argus Media reported, citing the company’s chief economist Saad Rahim. “You have already seen a strong recovery in many places — certainly in China, but also in […]

18.12.2020

Saudi Arabia’s crude oil exports inch up in October

Source Saudi Arabia’s crude oil exports rose to 6.159 million barrels per day (bpd) in October, up by nearly 100,000 bpd from the 6.066 million bpd exports in September, data from the Joint Organisations Data Initiative (JODI) showed on Thursday. Total oil exports from Saudi Arabia, including crude oil and total oil products, increased again […]

18.12.2020

U.S. shale patch reduced breakeven costs by 20% this year

Source Pressured by plunging oil prices and the need to adjust to the lower oil demand, U.S. oil producers have slashed costs and managed to bring down their average breakeven costs by nearly 20 percent to $45 a barrel on average, Bloomberg’s research service, BloombergNEF (BNEF), said on Thursday. According to BloombergNEF’s estimates, U.S. oil […]

17.12.2020

U.S. LNG exports set a record in November

Source During the summer of 2020, monthly exports of liquefied natural gas (LNG) from the United States were the lowest in 26 months but have since increased, and in November, estimated LNG exports surpassed the previous record set in January 2020. In the December 2020 Short-term Energy Outlook, the U.S. Energy Information Administration (EIA) estimated that […]

16.12.2020

ExxonMobil, under pressure on climate, aims to cut emissions intensity by 2025

Source Oil major ExxonMobil Corp, under increasing pressure from investors and climate change campaigners, said on Monday it planned to reduce its greenhouse gas emissions over the next five years. Last Thursday, the Church Commissioners for England joined growing investor campaigns to demand changes at Exxon and backed calls for a board refresh and development […]

16.12.2020

ExxonMobil announces potential $240-MM investment to Baton Rouge refinery

Source Today, Gov. John Bel Edwards announced potential investment by ExxonMobil totaling more than $240 million at the company’s Baton Rouge Refinery. The suite of projects would improve processing capability, increase flexibility for meeting market demand, advance overall site competitiveness, and install technology for a voluntarily 10 percent reduction of volatile organic compound emissions. The […]

15.12.2020

OPEC lowers oil demand forecast while production rises

Source OPEC has lowered its oil demand forecast for 2020 again, according to the latest version of the Monthly Oil Market Report released on Monday. OPEC now expects global oil demand to fall to 9.77 million barrels per day in 2020 to reach 89.99 million barrels per day this year, compared to over 90 million […]

15.12.2020

Kuwait appoints new oil minister in latest cabinet shuffle

Source Fares, who has a PhD in mechanical engineering from the University of Wisconsin, is a board member of state-owned Kuwait Petroleum Corp, though most of his career has been spent in education. He previously served on the cabinet as minister of education until December 2017. Before that, he was secretary general of Kuwait University […]

14.12.2020

Thanh Hoa organized the Conference of Thanh Hoa – Japan Investment Connection in 2020

Source On the morning of December 11th, in Thanh Hoa city, Thanh Hoa Provincial People’s Committee cooperated with the Embassy of Japan in Vietnam, the Japan External Trade Organization (JETRO) in Vietnam, the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment (MPI) to organize the Thanh Hoa – Japan Investment Connection Conference […]

10.12.2020

Shell Nigeria employees vandalize oil pipelines

Source Employees of Shell’s Nigeria subsidiary SPDC ordered the deliberate vandalization of oil pipelines to profit from them, according to a Dutch TV documentary, done in partnership with environmentalist organization Milieudefensie. Aljazeera reports that the program, to be aired today, cites witnesses who said pipeline leaks were caused by SPDC employees. “According to sources, Shell employees […]

10.12.2020

Kurdistan to hand over oil revenue to Iraq In exchange for funds

Source The Kurdistan Regional Government (KRG) will comply with the recent Iraqi federal fiscal deficit bill under which the semi-autonomous region in Iraq is set to hand over an “unspecified amount of oil” to the federal government in exchange for Baghdad allocating funds for Kurdistan’s civil servant salaries. “The KRG will start implementing the duties […]

10.12.2020

Big oil boosts earnings from tax-haven affiliates

Source Some of the world’s biggest oil corporations have boosted their earnings in recent years by paying very little or no taxes at all on profits of their affiliates in offshore tax havens, Reuters reported on Wednesday, citing a review of company filings and reports from rating agencies. According to a special Reuters report by […]

10.12.2020

$226 billion pension fund considers dumping oil & gas investments

Source The $226-billion New York State Common Retirement Fund is undertaking a review of all energy companies it is invested in, to assess their readiness for the energy transition and dump those considered riskiest in climate-related investment. As it pledged on Wednesday to transition its portfolio of holdings to one with net-zero greenhouse gas emissions by […]

10.12.2020

Oil rises as markets shrug off bearish inventory report

Source Oil prices were little changed on Wednesday afternoon despite a massive inventory build  reported earlier in the day by the Energy Information Administration. The EIA had reported a crude oil build of 15.189 million barrels for the week, sending U.S. oil inventories to 503.2 million barrels, or 11% above the five-week average for this […]

10.12.2020

Aramco to sell stakes in subsidiaries to raise cash

Source Saudi Arabia is looking to plug budget gaps by having its state-run oil giant, Saudi Aramco, sell some stakes in its subsidiaries, according to anonymous Bloomberg sources. The Kingdom’s oil company has hired Moelis & Co. to come up with a plan to sell stakes In Aramco’s pipelines for the purpose of coming up […]

08.12.2020

New activist investor wants Exxon to invest more in clean energy

Source ExxonMobil faces renewed pressure from investors to change with the times and invest more in clean energy after a new activist investor firm is setting up a proxy fight nominating four independent directors to the oil supermajor’s board at next year’s meeting of shareholders. Engine No. 1, which launched its business last week, immediately […]

08.12.2020

Oil markets are finally ready to recover

Source The oil markets have staged a dramatic rally since early November, with WTI breaking out of a range between the high $30’s and low $40’s for the first time since early this year. In this article, we will take a look at a couple of key drivers for this breakout, and see if it […]

07.12.2020

Vietnam to begin testing COVID-19 vaccine on 20 people next week

Nguồn The human trial of a made-in-Vietnam COVID-19 vaccine is expected to be conducted on 20 volunteers next week, according to the Ministry of Health. Developed by Ho Chi Minh City-based Nanogen Pharmaceutical Biotechnology JSC, the vaccine already underwent animal trials and was assessed by a Vietnamese and foreign agency. The Vietnam Military Medical University will start […]

07.12.2020

Chevron’s $14-Billion budget prioritizes Kazakhstan over Permian Basin

Source Chevron announced last week a $14-billion budget for next year that reflects its need to complete a major project in Central Asia before it can unleash more of its capital power on the Permian Basin. The new figure also represents a significant reduction from the previously announced spending plan involving $19 to $22 billion. […]

07.12.2020

Iran prepares for oil export boost

Source Iran is preparing to start expanding its crude oil exports ahead of Joe Biden’s inauguration in January in a clear sign it expects better bilateral relations with the U.S. during the next administration. “Due to sanctions before the Joint Comprehensive Plan of Action (JCPOA), oil production and sales faced restrictions, but with the implementation […]

07.12.2020

Iraq’s oil minister sees oil breaking $50 in early 2021

Source Oil prices are set to exceed $50 a barrel early next year, thanks to the OPEC+ production agreements, although prices are still volatile because of the pandemic, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael said over the weekend. “Prices are improving, but they are still sensitive to fluctuations caused by the repercussions of coronavirus,” […]

07.12.2020

South Africa to review petroleum product supplies after refinery shutdown

Source South Africa will urgently conduct an assessment of petroleum products supply, the Department of Mineral Resources and Energy said on Saturday after the country’s second-largest crude oil refinery shut down following a fire. The 120,000 barrel-per-day (bpd) Engen refinery in Durban, majority-owned by Malaysia’s Petronas, ceased operations as investigations started into the cause of […]

05.12.2020

Shell plans to complete Convent, Louisiana, refinery shutdown in 10 days

Source Royal Dutch Shell Plc plans to complete the permanent shutdown of its 211,146 barrel-per-day (bpd) Convent, Louisiana, refinery within 10 days, sources familiar with the company’s plans said. Shell spokesman Curtis Smith declined on Thursday to comment on the company’s timeline for idling the refinery. Shell has been unable to sell the refinery since […]

05.12.2020

Higher OPEC+ output unlikely to upset oil market rebalancing

Source OPEC+ members’ decision to slowly ramp up production from next month will be balanced by increased demand as a result of the expected roll-out of coronavirus vaccines, Goldman Sachs said in a note dated Thursday. The Organization of Petroleum Exporting Countries and Russia agreed on Thursday to ease oil output cuts by 500,000 barrels per […]

05.12.2020

France’s Total looks to sell its stake in Kurdistan oilfield

Source France’s supermajor Total is in talks to sell its 18-percent stake in an oilfield in Iraq’s semi-autonomous region of Kurdistan, with which it could raise around $500 million, Bloomberg reported on Friday, quoting sources with knowledge of the plans. Total is working with Jefferies Group on the potential sale of its stake in the Sarsang […]

04.12.2020

Blast rocks South African oil refinery, seven injured

Source An explosion rocked South Africa’s second-largest crude oil refinery in Durban on Friday injuring seven people, local emergency services said. Engen, which operates the plant and is majority owned by Malaysia’s Petronas, said a fire broke out at around 0510 GMT and was extinguished by 0645 GMT. “I saw a massive fireball at the […]

04.12.2020

Denmark to end oil production in 2050

Source Denmark will stop extracting oil from the North Sea in 2050, the Danish government has said, adding it would cancel its eighth licensing round, announced earlier this year. The round failed to attract much attention, anyway, with just one applicant expressing interest after French Total withdrew, Reuters noted  in a report on the news. Denmark […]

02.12.2020

Asia Distillates-Jet fuel refining profits surge to 8-month high

Source Asian refining margins for jet fuel climbed to their highest in eight months on Tuesday, buoyed by a slight uptick in aviation demand and expectations for firmer winter heating demand for kerosene. Refining margins, or cracks, for jet fuel jumped to $4.28 per barrel over Dubai crude during Asian trading hours, the highest level […]

02.12.2020

UPDATE on COVID-19 and government response as of December 2nd( Updating…)

 (Chinhphu.vn) – The Government’s online newspaper has updated the latest information on the situation and the prevention activities of acute respiratory infections caused by the Novel COVID-19 virus (COVID-19) and response guidelines of the Government and the Prime Minister. COVID-19, an acute respiratory infection caused by a novel-corona virus, was first detected in Wuhan City, […]

02.12.2020

Oil Price Rally Reverses As Inventories Balloon

Source The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 4.146 million barrels for the week ending November 27. Analysts had predicted an inventory draw of 2.358 million barrels for the week. In the previous week, the API reported a build in oil inventories of 3.8 million barrels, after […]

01.12.2020

U.S. briefly became net petroleum importer this year

Source The United States briefly returned to being a net importer of crude oil and petroleum products in May and June this year, as U.S. crude oil and refinery output slumped at the start of the pandemic, the Energy Information Administration (EIA) said on Tuesday. The decline in U.S. crude oil production and the lower […]

01.12.2020

Polish refiner PKN sees investment at $37B in 2020-2030

Source Poland’s biggest oil refiner PKN Orlen expects to invest around 140 billion zlotys ($37.45 billion) over the next ten years as it shifts focus to building clean energy sources rather than oil refining, it said. The company said in September that it plans to become climate neutral in the next 30 years, although Poland […]

01.12.2020

OPEC+ forced to reschedule meeting as disagreements persist

Source The OPEC meeting ended on Monday without an agreement among its members regarding the production cuts next year. Instead, the meeting ended with three of its heavyweights—Russia, Saudi Arabia, and the UAE—holding different opinions as to how to handle things going forward. The meeting with OPEC+ was set to resume tomorrow, but a late—and […]

30.11.2020

U.S. to blacklist Chinese oil giant due to military ties

Source The United States government is set to add Chinese state oil company CNOOC to a blacklist of companies with ties to the Chinese military, Reuters has reported, citing sources and a document. The move is the latest escalation in the U.S-Chinese trade spat and comes less than two months before the administration changes. So far, […]

30.11.2020

Aramco announces expansion of its flagship localization program

Source Aramco today announced the expansion of its flagship program to increase local content and boost domestic supply chains. It is a significant milestone in the company’s In-Kingdom Total Value Add (iktva) program, which marks its fifth anniversary on December 1st. The expansion includes plans for new international partnerships and the establishing of companies through […]

26.11.2020

Q8Oils and INNIO engage in long-term partnership for lubricating Jenbacher gas engines

Source Q8Oils has signed a long-term global partnership agreement with INNIO Jenbacher to supply lubricants for all Jenbacher gas engines that operate on non-natural gas, including biogas, sewage gas and landfill gas. Combining the technical expertise and knowledge of INNIO Jenbacher and Q8Oils will further enhance the durability and efficiency of Jenbacher type 2, 3, […]

26.11.2020

Shell may permanently shut Louisiana refinery next week

Source Royal Dutch Shell may begin the permanent shutdown of its 211,146 bpd Convent, Louisiana, refinery early next week, people familiar with plant operations said. Shell announced on Nov. 5 the refinery, located 57 miles (92 km) west of New Orleans, was to close after the company failed to find a buyer amid the COVID-19 pandemic. […]

26.11.2020

PetroVietnam says annual output unaffected by COVID-19 pandemic

Source Vietnam’s state oil firm PetroVietnam said it was on track to meet its targeted rate of production this year, despite the impact of the coronavirus pandemic and the fall in global crude oil prices. The company, formally known as Vietnam Oil and Gas Group, produced 18.12 million tons of crude oil and gas equivalent […]

24.11.2020

The real reason oil prices went negative in April

Source Unusually high open interest in West Texas Intermediate was one of the two causes for the benchmark plunging into negative territory in late April, according to a report by the U.S. Commodity Futures Trading Commission. The high open interest, the report said, coincided with a shortage in storage space and the unprecedented destruction of […]

24.11.2020

Has Asia lost interest in North Sea oil?

Source In a year that has been destructive for the global oil and gas industry, there are now worrying signs that North Sea producers may be losing custom from one of their key export hubs. Asian customers have brought their North Sea crude imports in October 2020 to an almost 5-year low, with a mere […]

24.11.2020

Why the vaccine oil rally won’t last

Source Oil is on the rise after a third company developing a vaccine for Covid-19 announced positive efficacy results this week. They may well continue to rise for a while, but it would pay to be careful with betting on an endless rally. Yesterday, after AstraZeneca said its vaccine candidate had 90% efficacy in some […]

23.11.2020

China to surpass U.S. as world’s largest oil refiner in 2021

Source Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. standards and sophisticated enough to turn a wide range of crude oils into high-value fuels. Yet Shell, the world’s third-biggest […]

23.11.2020

Oil stocks are finally bouncing back

Source This year has been a true rollercoaster ride for the U.S. oil and gas market, but it is increasingly looking to end on a high note. The sector is up nearly 16% over the past 10 days alone as the world moves closer to vanquishing one of mankind’s biggest threats in modern history. The outlook […]

17.11.2020

Oil markets see light at the end of the tunnel

Source Oil prices rose on Monday and remained steady on Tuesday morning as markets are cautiously looking beyond the COVID-19 pandemic The EIA forecasts U.S. oil production remaining flat through the end of 2021. Production topped out at 12.9 mb/d (on a monthly basis) in November 2019, before falling to 10 mb/d by May 2020. Production […]

17.11.2020

India urges oil firms to consider foreign partners to boost production

Source India’s oil and gas companies should consider selling stakes in their exploration acreage to foreign companies with the technology to tap more oil and gas resources, India’s Oil Minister Dharmendra Pradhan said on Tuesday. “The government will grant petroleum mining lease rights but the companies should consider a farm-out (of a stake) to get […]

17.11.2020

Equinor sees COVID accelerating peak oil demand to 2027-2028

Source Slower demand growth due to the pandemic and a drop in global oil supply due to low investments could result in peak oil demand 2-3 years sooner than an earlier view that demand will peak around 2030, Norway’s energy giant Equinor said on Tuesday. The oil and gas major, which has just announced its […]

16.11.2020

Oil & Gas discoveries resilient in 2020 despite pandemic

Source Despite delays in drilling campaigns and reduced exploration budgets due to COVID-19, the volume of oil and gas discoveries globally is set to reach 10 billion barrels of oil equivalent (boe) this year, avoiding a repeat of the multi-decade low during the previous crisis in 2016, Rystad Energy said  in a new analysis on […]

16.11.2020

Sudan to offer 27 oil concessions in global bidding round

Source The government of Sudan plans to offer to investors concessions of 27 oil blocks in the country via a global bid, Acting Energy Minister Kheiri Abdelrahman told a local television channel this weekend. Sudan aims to attract investors with access to modern technologies for the blocks on offer, of which three are offshore, and […]

16.11.2020

OPEC+ meeting concludes with support for cut extension

Source OPEC+’s technical meeting finished on Monday with widespread support for a three-month extension of the current level of oil production cuts, sources told Reuters on Monday. OPEC sources hinted last week that many members were in support of extending the production cuts that were supposed to ease 2.0 million bpd in January, to 5.7 […]

16.11.2020

Lummus Technology awarded contract for refining and petrochemical integrated project

Source Lummus Technology announced that it has been awarded a technology contract by Shandong Yulong Petrochemical Co., Ltd., a subsidiary of China’s Nanshan Group. Lummus will provide Master Licensor services for multiple licensed units, consisting of two mixed feed crackers, an EB/SM plant and two polypropylene (PP) lines. The scope includes technology licensing, process design package, training and advisory services, master licensor integration services and catalyst supply for the PP plant. The plants […]

16.11.2020

Total to use Honeywell UOP’s Ecofining™ process technology to produce renewable fuels

Source Honeywell has announced Total will use Honeywell UOP Ecofining™ process technology to produce renewable fuels, primarily for the aviation industry, at its Grandpuits zero-crude platform at Seine-et-Marne in north central France. Honeywell UOP will provide technology licenses, basic engineering, specialty equipment and catalysts for the project. Once completed, the bio-refinery will process 400,000 tons of […]

16.11.2020

Global refinery maintenance activities are gradually getting back on track

Source Refiners across the globe were severely impacted by COVID-19, which destroyed demand, reduced operations in several refineries and even compelled them to suspend operations. Despite unfavorable conditions in the first three quarters of 2020, refiners are getting back to normalcy with seemingly improving market scenario, says GlobalData, a leading data and analytics company. In […]

16.11.2020

Saudi Aramco plans debt market comeback with multi-tranche bond deal

Source Saudi Aramco said on Monday it had hired banks for a multi-tranche U.S. dollar-denominated bond issuance, as the world’s largest oil company seeks cash amid lower oil prices. Gulf issuers show no sign of slowing this year’s blitz of issues on international debt markets as they work to plug finances hit by weaker oil […]

13.11.2020

Fuel demand slump speeds up refinery losures

Source Refiners around the world have been announcing permanent closures of refinery capacity this year after the pandemic crushed fuel demand worldwide, and significant overcapacity still remains, the International Energy Agency (IEA) said  on Thursday. In its monthly Oil Market Report, the EIA said that permanent shutdowns of refinery capacity had reached 1.7 million barrels […]

12.11.2020

EIA sees WTI crude averaging $44 in 2021

Source WTI Crude oil prices are expected to average $44.24 per barrel next year, the EIA said  in its latest Short-Term Energy Outlook (STEO), with the forecast price not much higher than the $42 spot price early on Wednesday. This year, WTI Crude prices are expected to average $38.24 per barrel, according to the EIA, which […]

12.11.2020

Mitsui Chemicals completes construction of hydrocarbon-based synthetic fluid plant

Source Mitsui Chemicals has completed construction of a new plant that will produce LUCANT, a series of hydrocarbon-based synthetic oil, at Ichihara Works in Japan’s Chiba prefecture. Commercial operation of the new plant is tentatively scheduled to begin in April 2021, the company said in a statement on Thursday. Investments and plant capacity were not disclosed. […]

12.11.2020

Opec trims oil demand forecasts for 2020-21

Source Opec has revised down its global oil demand growth forecast by around 300,000 b/d for 2020 and 2021, as the impact of a Covid-19 resurgence spills into the fourth quarter as well as next year. Demand is now forecast to fall by 9.75mn b/d in 2020 to just over 90mn b/d, Opec said in […]

11.11.2020

Tullow completes $575 million sale of Uganda assets to Total

Source Tullow Oil plc (Tullow) is pleased to announce that the sale of its assets in Uganda to Total has completed with $500 million consideration received earlier today. Tullow is also due to receive a further $75 million when a Final Investment Decision is taken on the development project plus contingent payments linked to the […]

11.11.2020

India could be the next breakout natural gas market

Source Economic expansion strongly correlates with CO2 emissions as more energy is needed to power factories, transportation, and a higher standard of living. India is not an exception where growth has increased demand for energy. Considerable domestic coal reserves have ensured demand for a steady and secure supply of the pollutant energy source. However, rampant […]

11.11.2020

ConocoPhillips announces significant gas discovery offshore Norway

ConocoPhillips today announced a new gas condensate discovery in production license 1009 located 22 miles northwest of the Heidrun Field and 150 miles from the coast of Norway in the Norwegian Sea. ConocoPhillips Skandinavia AS is operator of the license with 65 percent working interest. PGNiG Upstream Norway AS holds 35 percent working interest. The […]

10.11.2020

Idemitsu to boost gasoline, diesel exports in H2 with higher refinery rates

Source Japanese oil refiner Idemitsu Kosan 5019.T expects higher gasoline and diesel exports in the October-March half of its financial year as its run rates are likely to recover to 85%-89% from 70% in the first half, an executive said on Tuesday. But Idemitsu also expects a weak market for petroleum products in Asia to continue […]

10.11.2020

Pirate attacks on oil tankers off West Africa intensify

Source Several oil tankers were attacked or approached with attempted attacks in the Gulf of Guinea off West Africa over the past few days, maritime security companies warn. Over the past six days, five such incidents took place in the area, in which four tankers were attacked by pirates, and one was approached while underway […]

10.11.2020

Shell to cut jobs and capacity at major Singapore refinery

Royal Dutch Shell will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore as part of an overhaul to reduce its carbon emissions. The refinery on Pulau Bukom, a small island in the Southeast Asian city-state, can process 500,000 bpd of oil and is Shell’s largest wholly-owned refinery worldwide. The […]

10.11.2020

Russia’s Putin appoints new Energy Minister, replacing Alexander Novak

Source Russian President Vladimir Putin on Tuesday named Nikolai Shulginov, head of the hydroelectricity giant RusHydro, as the new energy minister of the major oil-exporting nation. Shulginov, 69, replaces Alexander Novak. However, Novak was promoted to deputy prime minister overseeing the energy sector and Bloomberg News reported that he will continue to be responsible for […]

10.11.2020

bp collaborates with Ørsted for producing green hydrogen

Source Under a Letter of Intent recently signed between BP and Ørsted, both the companies will work together for the ‘Lingen Green Hydrogen’ project in which they will jointly develop a 50 MW electrolyze. The mega electrolyze project is expected to produce one tone an hour of green ‎hydrogen.  BP and Ørsted have recently signed […]

09.11.2020

Oil prices surge 10% on COVID vaccine hope

Source Oil prices soared by 10 percent and WTI Crude topped $40 a barrel on Monday morning, after vaccine developers announced 90-percent efficacy of a COVID-19 vaccine candidate, instilling hopes on the markets that life could soon return to normal. As of 9:38 a.m. ET, WTI Crude prices were surging by 10.37% at $40.92 and […]

09.11.2020

Russia’s oil Minister Novak remains OPEC negotiator despite leaving Ministry

Source Alexander Novak is being promoted to deputy prime minister and will no longer be Russia’s energy minister, but he is expected to continue being Russia’s key contact in talks with OPEC and the OPEC+ group. In a second cabinet reshuffle this year, Russian President Vladimir Putin dismissed on Monday several ministers and promoted energy […]

08.11.2020

This could become the World’s most expensive crude oil

Source This year has been turbulent for global energy markets. The COVID-19 pandemic and March 2020 price crash sent markets into a tailspin, which saw the North American oil price benchmark West Texas Intermediate plunge into negative territory for the first time in history. Those events, along with the emergence of stricter sulfur contents for […]

06.11.2020

U.S. Oil rig count rises during Election week

Source Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 226. The total number of active oil and gas rigs increased for the week by 4, with oil rigs rising by 5 and gas rigs falling by 1. Total oil and gas rigs in the […]

06.11.2020

Siemens Energy partners with Linde Engineering to accelerate decarbonization efforts

Source The downstream oil and gas industry is under intense pressure to improve efficiency, reduce greenhouse gas (GHG) emissions, comply with strict environmental regulations, and demonstrate that it can be part of a sustainable future. At the same time, plant operators face the ever-present challenge of lowering costs and maintaining profitable operations. To help the […]

06.11.2020

U.S. Federal Circuit hands Chevron a loss on crude oil testing patent

Source A divided appeals court on Wednesday upheld a win for the University of Wyoming Research Corp. in a patent dispute with Chevron U.S.A. over a process for analyzing a tar-like substance found in fossil fuels. The 2-1 decision of the U.S. Court of Appeals for the Federal Circuit affirmed the Patent Trial and Appeal […]

04.11.2020

Gasoline price today 4/11: Brent oil surpasses 40 USD

Source The information that OPEC + may be delay the plan to increase production coupled with a series of positive economic data from the US continue to push the oil and gas prices up today. As of early the morning of November 4th, according to Vietnam time, on the New York Mercantile Exchange, the WTI […]

03.11.2020

Oil and gas prices today rose on November 3rd

Source The expectation that the US economic recovery will create a driving force to improve fuel demand in the market, including crude oil, has pulled oil and gas prices up sharply today. As of early morning, on November 3rd, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in […]

03.11.2020

Why is Russian oil so expensive?

Source The prospect of a 2nd coronavirus wave and consequent demand slump is putting substantial downward pressure on crudes in Europe. Differentials are weakening as most refineries run their distillation units at least 15-20% lower than the nominal capacity and might drop even lower if some of them decide to go into unplanned hibernation during […]

03.11.2020

The future landscape of U.S. oil

Source Crude oil last week dived below $40 as the resurgence of Covid-19 cases in Europe prompted new national lockdowns in France and Germany—so far. Yet fears have deepened that more countries could follow. Lockdowns are not good for oil demand. And they are just one aspect of the pandemic that is changing the oil industry […]

02.11.2020

Gasoline prices today 2/11 fell sharply

Source The pressure of oversupply was growing sharply so that gasoline prices continued to decline, in which Brent oil slipped to 36 USD/barrel.  As of early the morning of November 2nd, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil for December delivery was at 34.83 USD/barrel, down 1.79 USD/barrel in session.  Meanwhile, the price of Brent […]

02.11.2020

Argentina is in desperate need of an oil boom

Source The administration of Argentina’s President Alberto Fernández is growing increasingly desperate to restart the burgeoning oil boom which was underway before the COVID-19 pandemic hit. Argentina has been one of the worst affected countries in South America, despite moving early and decisively to curb the spread of the virus through a nationwide lockdown. This […]

02.11.2020

Anders Opedal taking over as president and CEO of Equinor from 2 November 2020

Source The Board of Directors of Equinor (OSE: EQNR, NYSE: EQNR) has appointed Anders Opedal as new president and CEO of Equinor from 2 November 2020. Eldar Sætre will retire after six years as CEO and more than 40 years in the company. “The Board is proud to present Anders Opedal as our next CEO. […]

01.11.2020

Oil crisis and recession bring two African rivals closer together

Source Times of recession usually bring up overused terms like belt-tightening or company restructuring though distressed periods are just as useful for settling old scores and shaping up new partnerships. Testifying to the purifying effects of market downturns, Sudan and South Sudan, countries that share the painful experience of the Second Sudanese Civil War which […]

01.11.2020

Biden win could cause a huge new oil glut

Source As if the oil market needed another uncertainty in the year of the pandemic, a Joe Biden win at next week’s U.S. presidential election could have a significant impact not only on the American oil industry but also on global crude supply within a year.  In stark contrast with President Donald Trump’s maximum pressure campaign […]

01.11.2020

Chevron announces third quarter 2020 results

Source Chevron Corporation (NYSE: CVX) today reported a loss of $207 million ($(0.12) per share – diluted) for third quarter 2020, compared with earnings of $2.6 billion ($1.36 per share – diluted) in third quarter 2019. Included in the current quarter was a charge of $130 million attributable to a tax item related to an […]

31.10.2020

This challenged gulf nation is betting big on natural gas

Source Oman has weathered all the innumerable challenges of 2020 with considerable flair, even though the year started off with the untimely passing of Sultan Qaboos, then came the coronavirus pandemic and the renewal of OPEC+ production curtailments that have dealt the economy the double whammy of lower prices and lower production. The Middle Eastern […]

31.10.2020

The nuclear power struggle in the EU

Source Reading through the nuclear news of the past weeks, the attentive reader might have come across an under-the-radar dispute of Austria and United Kingdom, perhaps one of the most unfathomable confrontations in Europe, considering the distance and difference in national policies. The crux of the matter is the following: when Britain reversed in 2006 […]

30.10.2020

Oil and gas prices today October 30th: Decreased to the bottom in 4 months

Source The second Covid-19 wave is going complicated in many countries, threatening to reduce fuel demand in the near future, dragging the price of oil and gas today down to the lowest level in 4 months. As the early   morning of October 30th, Vietnam time, on the New York Mercantile Exchange, the price of WTI […]

30.10.2020

PBF Energy to shut fuel-producing units at Paulsboro, New Jersey refinery

Source PBF Energy will shut most refining units at its Paulsboro, New Jersey, refinery, the company’s chief executive said in a letter to employees that cited the impact of the coronavirus pandemic on fuel demand. The company will cut 250 jobs at the refinery, which will now only produce partially refined feedstocks that will be sent […]

30.10.2020

Brazil’s Petrobras says major divestments nearing finish line

Source Petrobras is in the advanced stages of several major divestments, executives said, indicating that the company’s ambitious deleveraging program may quicken after a pause during the worst of the coronavirus outbreak in Brazil. Speaking to analysts following the company’s third-quarter results, executives at Petroleo Brasileiro SA, as the state-run oil firm is formally known, […]

30.10.2020

Exxon to cut 14,000 jobs as pandemic hits oil demand

Source ExxonMobil Corp said it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices. Exxon and other oil producers have been slashing costs due to a collapse in oil demand and ill-timed bets on new projects. The top U.S. […]

30.10.2020

Oil sees worst month since March

Source Oil prices have hit a 5-month low as COVID cases climb, new lockdowns are put in place and reports emerge that OPEC may not maintain its production cut in 2021. For Global Energy Alert members there are now two new free reports available in your dashboard. The first of these reports is on how to […]

30.10.2020

U.S. rig count rises despite coronavirus threat

Source Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 221. The total number of active oil and gas rigs increased for the week by 9, with oil rigs rising by 10 and gas rigs falling by 1. Total oil and gas rigs in the […]

30.10.2020

BP to close Australian oil refinery, losses seen outlasting pandemic

Source BP plc BP.L plans to stop producing fuel in Australia and will convert its loss-making Kwinana oil refinery, the biggest of the country’s four, into a fuel import terminal because of tough competition in Asia, the global major said on Friday. BP is the first of Australia’s four refiners to pull the plug on its plant […]

29.10.2020

Philippines works to end oil exploration upheaval with China

Source The Philippines has removed a major hurdle in advancing oil exploration with Beijing in the South China Sea, its top diplomat said, but the two nations will have to navigate their overlapping claims in the area to reach a deal. President Rodrigo Duterte lifted a six-year ban on oil exploration in the South China […]

29.10.2020

Kuwait says supports any OPEC+ supply decision as 2021 curbs loom

Source Kuwait said on Thursday it would support any decision made by OPEC and its allies on future oil supply policy after OPEC and industry sources told Reuters some producers would prefer to pump more from January rather than extend output curbs. De-facto OPEC leader Saudi Arabia and non-OPEC Russia are in favour of extending […]

29.10.2020

Venezuela’s Maduro says Amuay refinery was hit by a ‘terrorist attack’

Source Venezuelan President Nicolas Maduro on Wednesday said the country’s Amuay oil refinery was victim of a terrorist attack on Tuesday that involved a “powerful weapon”, but said the country had gasoline reserves equivalent to 20 days of consumption. An explosion hit a distillation unit at the 645,000 barrel-per-day (bpd) plant on Tuesday, people familiar […]

29.10.2020

Exxon Mobil to keep dividend flat for first time since 1982

Source Exxon Mobil Corp XOM.N on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout. The largest U.S. oil producer by volume was caught off guard by the sharp decline in energy prices and demand […]

29.10.2020

PBF Energy to shut fuel-producing units at Paulsboro, New Jersey refinery

Source PBF Energy PBF.N will shut most refining units at its Paulsboro, New Jersey, refinery, the company’s chief executive said in a letter to employees on Wednesday that cited the impact of the coronavirus pandemic on fuel demand. The company will cut 250 jobs at the refinery, which will now only produce partially refined feedstocks that will […]

29.10.2020

Gasoline prices today October 29: Brent oil to $39/barrel

Source The panic in the context of the Covid-19 epidemic broke out in many countries, making the price of gasoline plummeted today.   As of 11:30 am on October 29th, Vietnam time, on the New York Mercantile Exchanghe, WTI light sweet crude oil delivery in December was at 37.51 USD/barrel, up 0.12 USD/ barrel, in session. However, compared to the early of […]

28.10.2020

Vietnam, US sign deals to boost economic partnership

Source Vietnamese and American government agencies and businesses have signed six major deals to boost their partnership in the electricity, fuel and food sectors. The deals, signed during the Indo-Pacific Business Forum held in Hanoi Wednesday, include an agreement of the U.S. Trade and Development Agency (USTDA) to provide $935,000 to the Vietnam National Power […]

28.10.2020

PetroVietnam subsidiaries brace for Storm Molave

Source As Storm Molave, the most powerful in 20 years, is fast approaching Vietnam, subsidiaries of the Vietnam Oil and Gas Group (PetroVietnam or PVN) which are located in areas vulnerable to the storm, have proactively taken measures to protect oil and gas projects and assist local communities when necessary. As Storm Molave, the most powerful […]

28.10.2020

SOUTH AFRICA: TOTAL MAKES SECOND SIGNIFICANT GAS CONDENSATE DISCOVERY

Source Total has made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. This discovery follows the adjacent play opening Brulpadda discovery in 2019, which proved a significant new petroleum province in the region. The Luiperd well was […]

28.10.2020

Exxon, Japan’s JERA to build LNG-to-power project in Vietnam

Source Exxon Mobil Corp XOM.N and Japan’s biggest power generator, JERA, have agreed to build a power station and import facilities for the liquefied natural gas (LNG) to fuel it in the Vietnamese city of Haiphong, the companies said on Wednesday. LNG is growing more popular as a power generation fuel in southeast Asia as coal falls […]

28.10.2020

Construction starts on US$20 billion petrochemical and refining complex in China

Source According to Reuters, China started building a mega petrochemical and refining complex in Shandong province this week, local state media reported, four months after the US$20 billion project received state approval. The Yulong project to be built in Yantai, Shandong, China’s hub for independent oil refineries, consists of a 400 000 bpd refinery and a […]

28.10.2020

China’s Sinopec posts record quarterly profit as refining margins jump

Source Top Asian oil refiner Sinopec Corp 600028.SS0386.HK swung to a record quarterly profit in July-September, thanks to a jump in refining margins and earnings from the spin-off of pipeline assets, the company said. The firm’s third-quarter net income nearly quadrupled from a year ago to 46.39 billion yuan ($6.92 billion), Sinopec said, after reporting losses in […]

28.10.2020

Chevron to lay off about 25% of Noble Energy employees after merger

Source Chevron Corp will lay off about 25% of Noble Energy’s employees who joined the oil major after its $4.1 billion purchase of the smaller rival earlier this month, the company announced. A collapse in crude oil prices has forced most oil and gas producers to drastically cut costs by laying off thousands of employees and […]

28.10.2020

CBH statement on Oman, Duqm ULSFO refinery

Source  A company official statement was released by the chairman and CEO of Canada Business Holdings confirming the company plans to go ahead with the ultra-low sulfur fuel oil refinery in the Sultanate of Oman. Moses Solemon stressed that the refinery plans are on time and going well. “We are proud of the level of […]

28.10.2020

Philippines Is Getting Ready To Drill For Oil And Gas

Source At a time when the second wave of coronavirus is decimating the world economy, when the Caucasus is smouldering from the consequences of the Karabakh issue and all the protracted Middle Eastern conflicts are continuing to drag the region into political obsolescence, the last thing we needed was a flareup with regard to the […]

27.10.2020

Oil and gas prices increased slightly today on October 27th

Source The positive forecasts about the US economy and the expectation of investors in the new support package of this country made the oil and gas prices increase slightly today. As the early morning of October 27th, Vietnam time, on the New York Mercantile Exchange, the price of WTI light sweet crude oil delivered in […]

26.10.2020

World should look at all options to reduce emissions, Saudi energy minister says

Saudi Arabia’s energy minister said on Monday the world should be looking at all options to mitigate emissions of greenhouse gases in its fight against climate change, but that getting rid of oil and gas would be “far-fetched and unrealistic”. “Let’s not focus on the fuel of choice but rather how we can mitigate and […]

26.10.2020

Neste and All Nippon Airways (ANA) collaborate on first supply of sustainable aviation fuel in Asia

Source Neste and All Nippon Airways (ANA), Japan’s largest and a 5-Star airline, are entering a sustainable aviation fuel (SAF) supply agreement. This groundbreaking partnership will see ANA become the first airline to use SAF on flights departing from Japan and also represents Neste’s first SAF supply to an Asian airline. Initial operations will begin […]

26.10.2020

U.S. offshore Gulf oil cut 16% as Hurricane Zeta heads toward rigs

Source Oil producers on Monday shut offshore production and pulled workers off platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened into a hurricane and took aim at the U.S. Gulf Coast. BP BP.L, Chevron CVX.N and Equinor ASA EQNR.OL evacuated platforms and halted production, spokespeople said, as Zeta steamed toward Mexico’s Yucatan […]

26.10.2020

UPDATE 7-Oil drops on rising virus cases, increasing Libyan output

Source Oil prices fell on Monday, extending last week’s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya’s fast growing production also weighed on prices. Brent was down 88 cents, or 2.1%, at $40.89 by 1306 GMT. U.S. West Texas Intermediate (WTI) dropped 92 cents, or […]

26.10.2020

Oil and gas prices today October 26th decreased sharply

Source Concerns about oversupply in the crude oil market are growing as Libya’s oil export activities resumed, while the Covid-19 epidemic is showing signs of booming in many countries, pushing the price of gasoline today down sharply. As the early morning of October 26th, Vietnam time, on the New York Mercantile Exchange, the WTI light […]

24.10.2020

Kuwait Oil and Gas Market Report with COVID-19 impact Analysis

Source The Kuwait report analyses the impact of COVID-19 on the oil and gas sector and provides analysis on production, gas production, gas consumption, and trade. The Kuwait Oil and Gas market demand in the first half of 2020 was market with extraordinary events, which have not been witnessed in the industry. The spread of […]

23.10.2020

Oil and gas prices today October 23rd: Brent oil increased towards $ 43

Source A series of positive news from the economy raised the expectation of improving oil demand in the market, thereby supporting the price of oil and gas today going up. As the early morning of October 23rd, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in December 2020 […]

22.10.2020

Kuwait oil price up 9 cents to USD 41.36 pb

Source The price of Kuwaiti oil went up by nine cents to USD 41.36 per barrel on Wednesday after being at USD 41.27 pb the previous day, said the Kuwait Petroleum Corporation (KPC) Thursday. At the global level, the price of the Brent crude went down by USD 1.43 to USD 41.73 per barrel, the […]

22.10.2020

Oil and gas prices today October 22nd decreased sharply

Source The information about the increase in US crude oil reserves has dealt a strong blow to the oil market, thereby causing oil and gas prices to plummet today. As of 8:00 am on October 21st, Vietnam time, on the New York Mercantile Exchange, WTI light sweet crude oil delivered in December was at 39.85 […]

21.10.2020

Gasoline prices today decreased slightly on October 21st with concerns about oversupply

Source The news that OPEC + will gradually increase output, while China’s crude oil import tends to decrease, pulled the price of gasoline today down. WTI light sweet crude oil delivered in December 2020 was at 41.43 USD/barrel, down 0.27 USD/barrel during the session. Meanwhile, the price of brent oil delivered in December 2020 was […]

20.10.2020

Compliance with OPEC+ deal hit 102%: Kuwait’s Oil Minister

Source Kuwaiti Minister of Oil Dr Khaled Al-Fadhel said Monday the OPEC-non-OPEC partners committed themselves by 102 percent to the agreement on production cut last month. “This percentage, the highest since the agreement took force in last May, contributed to gradual reduction of the glut in oil inventory,” he said in a press release after […]

20.10.2020

Oil and gas prices today October 20th: OPEC + committed, oil price still decreased

Source In the context of an increase in global Covid-19 cases and abundant oil supplies, today’s oil and gas prices fell slightly. As the early morning of October 20th, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in December 2020 was at 40.94 USD/barrel, down 0.12 USD/barrel in […]

20.10.2020

Ship carrying 300 tons of oil breaks apart off central Vietnam coast

Source A ship containing around 300 tons of oil has been stranded off the coast of central Thua Thien-Hue Province for a week, breaking in half. The vessel, flying Taiwanese colors, was on its way from Hong Kong to be scrapped in India before running aground near Lang Co Town, Duong Dang Trung, the province’s […]

19.10.2020

Oil and gas prices today October 19th: Find new support, regain momentum

Source The optimistic economic data from the US and the assessment of the ability to financially support China’s economy in 2021 pulled up today’s oil and gas prices. As the early morning of October 19th, Vietnamese time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in December 2020 was at […]

19.10.2020

Iran boots out India from huge gas field development

Source Iran has decided to use local firms to develop a large offshore natural gas field, which was discovered by an Indian company and set to be developed by a group of Indian firms, Press Trust of India reported on Monday, citing sources with direct knowledge of the plans. An Indian consortium led by ONGC Videsh discovered […]

19.10.2020

Facing wave of closures, oil refiners turn to biofuels

Source European and U.S. oil refineries face a wave of closures due to plateauing fuel demand, tightening environmental rules and overseas competition, prompting some owners to opt for an easier alternative – converting plants to produce biofuels. The shock of the coronavirus epidemic crushed global oil demand and as some producers, including, say it might […]

19.10.2020

Saudi Aramco and SABIC reassess crude-oil-to-chemicals project

Source Saudi Aramco and Saudi Basic Industries have decided to re-evaluate their $20 billion crude-oil-to-chemicals project and are now looking at integrating existing facilities instead. The decision comes as oil companies globally re-assess energy projects to conserve cash, with a collapse in demand caused by the coronavirus pandemic threatening to keep crude prices weak for […]

19.10.2020

Siemens Energy and Bentley Systems introduce asset performance management solution for oil & gas operators

Source Siemens Energy and Bentley Systems, Inc. (Bentley) have announced a joint solution that delivers intelligent analytics derived from domain experience to reduce operating expenditures associated with oil and gas assets. The new service, known as Asset Performance Management for Oil & Gas, or APM4O&G, incorporates key complementary offerings from both companies to help operators […]

19.10.2020

Conoco pledges ‘Net-Zero’ emissions in break with U.S. rivals

Source ConocoPhillips is breaking with its U.S. oil peers by aiming to eliminate carbon emissions from its operations and power providers by the middle of the century. Taking a page from the book of European rivals already pledged to go net zero, Conoco surprised investors and analysts Monday by outlining plans to will reduce its […]

19.10.2020

OPEC meeting ends without firm decision on output cuts

OPEC said on Monday that it would not shirk its responsibilities to the market as fears about the next Covid-19 wave push down prices. Oil prices sank on Monday over disappointing economic data out of China, fears of this resurgence of coronavirus cases, additional lockdown measures in Europe, and the looming threat that OPEC could […]

19.10.2020

ConocoPhillips to buy Concho Resources for $9.7 billion in 2020’s top shale deal

Source ConocoPhillips COP.N on Monday agreed to buy U.S. shale oil producer Concho Resources Inc CXO.N for $9.7 billion, as the energy sector consolidates further on the back of lower fuel prices and demand. The low-premium, all-stock deal comes as many U.S. shale companies have been mired in losses due to weak crude prices and, unlike in past downturns, […]

18.10.2020

After coronavirus: What’s next for oil and gas?

Source Oil & Gas Middle East is bringing together experts from across the industry to discuss the most important issues of our time, as we plan for a recovery after the pandemic It would be naïve of me to assume I have all of the answers about what will happen once we enter the recovery […]

16.10.2020

Oil and gas prices today October 16th: Turn around to decrease

Source The news about the US $ 1,800 billion economic stimulus and support package was rejected, dragging the oil and gas price down today when the market recorded many concerns about the prospect of a global economic recovery. In the early morning of October 16th, Vietnam time, on the New York Mercantile Exchange, the WTI […]

15.10.2020

Linde and Shell team up to commercialize lower-carbon technology for ethylene

Source Linde GmbH and Shell have announced an exclusive collaboration agreement on ethane-oxidative dehydrogenation (E-ODH) technology for ethylene production. The catalytic process is an alternative route to ethane steam cracking, offering the potential of economic advantages, acetic acid co-production and significantly lower overall carbon footprint through electrification of power input. The two companies have been developing […]

15.10.2020

Philippines Lifts Ban On Oil Exploration In South China Sea

Source The Philippines is lifting a moratorium on oil and gas exploration in the South China Sea that could lead to the Philippines and China potentially creating a joint venture to explore for resources. Philippine President Rodrigo Duterte has approved the recommendation of the country’s Energy Department to lift the moratorium on exploration in the […]

15.10.2020

Less than one-third of U.S, Gulf offshore crude oil production shut

Source Less than a third of U.S. Gulf offshore crude oil production remains shut following Hurricane Delta, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said. Shut crude oil production is 31% or, 568,505 barrels per day (bpd), as of midday Wednesday, BSEE said. Also, 18% of natural gas output, or 486.3 million cubic […]

13.10.2020

Japan launches energy policy review amid global push for greener power

Source Japan on Tuesday launched its latest three-yearly energy policy review, with the country grappling with a need to cut greenhouse gas emissions even as the public remains wary over nuclear power following the Fukushima disaster. In its last review in 2018, Japan kept its targeted mix of power sources for 2030 in line with […]

12.10.2020

Oil and gas prices today October 12th decreased as supply increased

Source Oil and gas production resumed after storm Delta in the Gulf of Mexico weakened and a strike in Norway reached an agreement dragged down gasoline prices today. By 10 a.m. October 12th, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in December was at $ 40.60 / […]

09.10.2020

Asahi Tanker orders world’s 1st zero-emission tankers

Source Japanese shipping firm Asahi Tanker Co. has placed an order for the construction of two electrically-powered tankers. Japanese shipbuilders Koa Sangyou Co and Imura Zosen KK will be in charge of constructing one vessel each, while Kawasaki Heavy Industries will serve as the system integrator for the duo. The two ships, described as the […]

09.10.2020

Pemex leverages market opportunities in $1.5 billion debt sale

Source Petroleos Mexicanos returned to capital markets Thursday for its first debt sale since January as the embattled oil producer seeks to tap improved demand from investors. Pemex sold $1.5 billion in five-year bonds with a 6.95% yield, up from the $1 billion originally offered with a guidance price in the mid-to-high 7% range. The […]

08.10.2020

Norway strike could shut giant Sverdrup oilfield on October 14

Source Norway’s Johan Sverdrup oilfield, the North Sea’s largest with an output capacity of up to 470,000 barrels of oil per day, will have to close down production unless a strike among workers ends by Oct. 14, operator Equinor EQNR.OL said on Wednesday. Four smaller oil and gas fields will likely also shut as a […]

06.10.2020

Lundin Energy to Acquire Idemitsu’s Barents Sea Assets for US$125 Million

Source Shares of Sweden’s Lundin Energy AB traded 17% higher after the company reported that it is acquiring Idemitsu Petroleum Norge’s Barents Sea portfolio for US$125 million in cash. Stockholm-based oil and gas exploration and production company Lundin Energy AB (LNEGY:OTCPK)  yesterday  announced that its wholly owned subsidiary, Lundin Energy Norway AS (together Lundin Energy), “has entered […]

06.10.2020

Russia is expanding its energy influence in Africa

Source In 2019, Scottish politician Michael Ancram, Marquess of Lothian, requested of the Foreign & Commonwealth Office (FCO) the information they held on the installation plans of Russian military bases in Africa, particularly in Zimbabwe. There was concern that Moscow’s influence might collide with London’s. Another major actor in Africa, Paris, became alarmed in 2018 […]

06.10.2020

The renewable major that (Briefly) became more valuable than Exxon

Source NextEra last Friday briefly replaced Exxon as the most valuable energy company in the United States, according to data from UBS cited  by CNN. Although the supermajor had regained the crown by Monday, the Friday incident is indicative of the changing fortunes of fossil fuel companies. The market cap fluctuations also highlight growing investor […]

06.10.2020

ExxonMobil to cut 1,600 jobs in Europe

Source Oil and gas supermajor ExxonMobil will be cutting 1,600 jobs in Europe as part of efforts to rein in costs, the company said this week. “Proposed changes are subject to local information and consultation processes as applicable in each country and result from insight gained through reorganizations and work-process changes made over the past […]

05.10.2020

Exxon briefly dethroned as America’s most valuable energy company

Source The clean energy revolution just hit another major milestone. Solar and wind company NextEra Energy dethroned ExxonMobil as America’s most valuable energy company. NextEra Energy (NEE) , the nation’s largest renewable energy company, briefly surpassed Exxon in market capitalization on Friday, according to UBS. That made NextEra the most valuable company among all US […]

05.10.2020

Deloitte Study: The future of work in oil, gas and chemicals

Source 70% of industry jobs lost during the pandemic may not return by the end of 2021, according to a new Deloitte report, “The Future of Work in Oil, Gas and Chemicals: Opportunity in the Time of Change”  Citing further evidence how this downturn is “different,” the study discusses how it may have profound and […]

05.10.2020

U.S. refiners on course to digest excess diesel by March U.S. refiners on course to digest excess diesel by March

Source If they can maintain recent progress, U.S. oil refiners should be able to bring stocks of diesel and other middle distillates close to normal levels in the first quarter of 2021. Distillate inventories were still 20% above the five-year average last week, but the surplus was down from 22% at the end of August, […]

05.10.2020

Asia’s jet fuel margins hit 2-month highs on warmer demand for kerosene before winter

Source Asian refineries’ profit margins for jet fuel have hit their highest levels in two months as demand for heating oil kerosene picked up before North Asia’s winter, but analysts do not expect margins to fully recover until the coronavirus-hit aviation sector is back to normal. Singapore jet fuel refining margins, Asia’s benchmark, rose last […]

05.10.2020

U.S. upstream oil mergers still slow despite Chevron, Devon deals

Source Despite two big corporate transactions in the third quarter, the number of U.S. upstream oil and gas deals was tied with the first quarter for the slowest pace of mergers and acquisitions in 10 years, oil and gas data analytics company Enverus said in its quarterly M&A report on Monday. The third quarter of this year […]

05.10.2020

China’s oil imports slowly return to normal levels

Source China’s crude oil imports averaged 11.52 million barrels per day (bpd) in September, up by 3.1 percent from August, but slowly returning to historical levels and starting to ease the congestion at Chinese ports, according to data from energy analytics services provider OilX. Compared to September last year, Chinese crude oil imports jumped by […]

05.10.2020

Oil markets brace for tough end of year

Source The worsening demand picture for oil and derivatives finally squashed the $40 WTI price last week. There were just too many negatives hitting at the same time for the market to look down the road to a time when supplies must fall from lack of new drilling.  There were several principal drivers that caused WTI […]

02.10.2020

Russian Oil Production Tops OPEC+ Quota In September

Source Russia produced an average of 9.93 million bpd of crude oil and condensates last month, a little above its OPEC+ quota but still down 11.8 percent on the year, Interfax reported today, citing data from the Energy Ministry. Production of oil and condensates over the first nine months of the year averaged 10.35 million […]

02.10.2020

NSRP conducted community activities on the occasion of Mid-Autumn Festival 2020

In 2020, despite facing many difficulties in production and business activities due to effect of domestic and foreign market conditions as well as negative impacts from the Covid-19 pandemic, NSRP has been always tried to maintain care for the neighboring community. In the joyful and excited atmosphere to welcome the new school year of 2020-2021 […]

02.10.2020

Noble Energy shareholders approve $4.2B sale to Chevron

Source Noble Energy shareholders have approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at around $4.2 billion, excluding $8 billion in debt, and the […]

02.10.2020

Founder of major Singapore fuel supplier charged in Shell oil heist case

Source The founder of one of Singapore’s biggest marine fuel suppliers has been charged for his involvement in a large-scale oil theft from Shell’s refinery in the city-state, according to a charge sheet. Pai Keng Pheng, the founder and managing director of Sentek Marine & Trading, was accused on Thursday of conspiring to dishonestly receive […]

02.10.2020

Japan’s Eneos permanently shuts 115,000-bpd Osaka CDU

Source Japan’s biggest refiner, Eneos Corp, permanently shut the 115,000 barrels-per-day (bpd) crude distillation unit at its Osaka refinery on September 30 as planned, a company spokeswoman said. The refiner, which was formerly known as JXTG Nippon Oil & Energy Corp and is now under Eneos Holdings Inc, is shifting its joint venture with PetroChina […]

01.10.2020

Dupont Clean Technologies provides wet scrubber unit for Gazpromneft Omsk refinery

Source The Gazpromneft Omsk Oil Refinery (Omsk) in Siberia, Russia has significantly lowered its air emissions using BELCO® wet scrubbing technology licensed by DuPont Clean Technologies (DuPont). With an installed capacity of 22.23 MM tons of oil per year, the Omsk Oil Refinery is one of Russia’s leading oil refineries. The BELCO® wet scrubbing technology […]

01.10.2020

Aramco delays major investment as COVID-19 has longer term impacts, says GlobalData

Source Aramco has faced a tough time in 2020 so far. Just months after its long-awaited IPO in December 2019, the impacts of COVID-19 on the company are clear to see. Aramco has been forced to delay two large expansion projects at the Marjan and Berri Complexes as the virus’ impacts have been far reaching […]

23.09.2020

Oil and gas price today September 23rd decreased slightly due to new concerns

Source In the context of concerns about the possible third wave of Covid-19 outbreaks in the autumn and winter, oil and gas prices today are under pressure to decrease when oil supply is forecasted to increase again. As the early morning of September 23rd, Vietnam time, on the New York Mercantile Exchange, WTI light sweet […]

23.09.2020

Shell Launches Major Cost-cutting Drive To Prepare For Energy Transition

Source Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape and expected […]

23.09.2020

PetroChina’s Daqing refinery begins processing first Russian crude oil

Source PetroChina Co Ltd’s subsidiary refinery in northeast China’s Daqing has started processing its first Russian crude oil transported via pipeline, after completion of plant upgrade, according to a company report posted on its social media platform on Tuesday. Daqing Petrochemical Corp is expected to process 3.5 million tonnes of Russian oil annually, transported through […]

22.09.2020

Oil and gas prices today September 22nd: Decline sharply

Source In the context of an increase in Covid-19 epidemic in some countries and oil supply is expected to increase, the price of gasoline today fell sharply, of which Brent oil slipped to 42 USD / barrel. As of early the morning of September 22nd, Vietnam time, on the New York Mercantile Exchange, the WTI […]

22.09.2020

Brazil’s chief justice postpones voting on Petrobras refineries privatization

Source Brazilian Chief Justice Luiz Fux postponed voting on the sale of state-controlled oil company Petrobras‘  refineries without setting a new deadline. Initially, the Supreme Court had until Friday to rule on the matter. Three justices on Brazil’s Supreme Court have voted against the sale of the refineries, in a setback for Petrobras, which is counting on asset sales to […]

21.09.2020

Oil and gas prices today September 21st decreased slightly

Source Tensions between the US and China increased, reducing the expectation of global economic recovery, thereby causing oil and gas prices today tended to decrease slightly. As the early morning of September 21st, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in November 2020 was at $ 41.07 […]

21.09.2020

Venture Global LNG announces leadership changes

Source Robert Pender and Michael Sabel, Founders, Co-Chairmen and Co-CEOs of Venture Global LNG, Inc. jointly announced today an upcoming change in corporate governance for the company.  With the approval of the board of directors, effective October 1, 2020, Mr. Sabel will assume the role of CEO of the company and Mr. Pender will continue to […]

21.09.2020

Shell launches major cost-cutting drive to prepare for energy transition

Source Royal Dutch Shell is looking to slash up to 40 per cent off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape […]

19.09.2020

Oil workers flee as third storm in month aims for U.S. offshore fields

Source HOUSTON, Sept 19 (Reuters) – Royal Dutch Shell Plc halted some oil production and began evacuating workers from a U.S. Gulf of Mexico platform, the company said on Friday, as a new tropical storm flared. Beta, the 23rd named storm of the Atlantic hurricane season, formed in the Bay of Campeche and was forecast […]

18.09.2020

Oil and gas prices today September 18th: Brent oil hit the highest price in 3 months

Source The excitement of investors at the prospect of economic recovery after the Covid-19 epidemic continued to increase oil and gas prices today. As the early morning of September 18th, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in November 2020 was at $ 41.28 / barrel, up […]

17.09.2020

Oil and gas prices today September 17th: Keeping up the momentum

Source In the context of the decrease in the US crude oil reserves and a disruption of the country’s offshore oil and gas exploitation activities, gasoline prices today continued to rise sharply to the 3-month peak. As the early morning of September 17th, according to Vietnamese time, on the New York Mercantile Exchange, the WTI […]

16.09.2020

Oil and gas prices today September 16th: Increase sharply, Brent oil was 40 USD/barrel

Source The forecast that US shale oil output fell sharply pushed up the price of oil and gas today to rise sharply in the context that the market expected FED would soon deploy economic stimulus and support packages. As the early morning of September 16th, Vietnam time, on the New York Mercantile Exchange, WTI light […]

16.09.2020

Japanese coal imports sink as LNG competition steps up

Source Japanese thermal coal imports fell sharply in August and fared much worse than LNG receipts, as generation economics continued to tip gradually in favor of greater gas burn. Japanese thermal coal receipts fell by 1.1mn t on the year or 12pc to 7.9mn t in August, according to provisional finance ministry data, pushing year-to-date […]

16.09.2020

Pandemic’s reset pushes energy firms toward renewables, hydrogen

Source The economic trauma caused by the coronavirus pandemic has pushed energy companies to step-up investment in renewables, hydrogen and other low carbon alternatives, but fossil fuels will be their dominant business for the foreseeable future, industry executives said. Reeling from the onset of the pandemic, global oil consumption shrank by more than 20% in […]

16.09.2020

BP’s oil trading business estimated to return $2.5 billion a year

Source Supermajor BP likely sees its return on average capital employed in its large oil trading business at around US$2.5 billion annually, according to Bloomberg’s  estimates based on the company’s most recent capital markets disclosures. BP, like most of the other Big Oil companies, doesn’t disclose how much its oil trading unit makes or how […]

15.09.2020

Oil and gas prices today September 15th: Many concerns

Source Concerns about oversupply continued to push oil prices down, especially after the news that Iraq could withdraw from the OPEC + deal and India’s crude oil imports fell sharply. As the early the morning of September 15th, Vietnam time, on the New York Mercantile Exchange, WTI light sweet crude oil delivered in November 2020 […]

15.09.2020

Philippines gets energy exploration offers for 3 sites in disputed waters

Source Local firm Troika Giant Power Corp has applied for a block in Mindoro basin, while PXP Energy Corp offered to explore one of the three blocks in Recto Bank, also known as Reed Bank, in the South China Sea Three companies have applied to undertake oil and gas exploration activities  in four sites within […]

15.09.2020

bp and Microsoft form partnership to drive digital energy ‎innovation and net zero goals

Source bp and Microsoft Corp. announced that they have agreed to collaborate as strategic partners to further digital transformation ‎in energy systems and advance the net zero carbon goals of both companies. This includes a co-‎innovation effort focused on digital solutions, the continued use of Microsoft Azure as a cloud-based ‎solution for bp infrastructure and […]

15.09.2020

HomeNewsRefiners, offshore producers shut ahead of Hurricane Sally landfall Refiners, offshore producers shut ahead of Hurricane Sally landfall

Source More than a fifth of U.S. offshore oil production was shut and key exporting ports were closed on Tuesday ahead of Hurricane Sally’s landfall on the U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month. Slow-moving Sally weakened to a Category 1 hurricane on Tuesday and […]

14.09.2020

Oil and gas prices today September 14th: Struggling to find support

Source In the context that the covid-19 epidemic is still a hindrance to the prospect of improving energy demand, oil and gas prices today are still under high pressure of reducing. As the early morning of September 14th, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in November […]

14.09.2020

U.S. says most of China’s claims in South China Sea are unlawful

Source “The world will not allow Beijing to treat the South China Sea as its maritime empire,” Secretary of State Mike Pompeo said. The United States and the world “will not allow Beijing to treat the South China Sea as its maritime empire,” Secretary of State Mike Pompeo said Monday, prompting China to hit back, […]

14.09.2020

Australia proposes paying oil refiners billions to stay open

Source Australia has proposed offering incentives worth A$2.3 billion ($1.67 billion) over 10 years to keep the country’s four remaining oil refineries open and said it would invest in building fuel storage as part of a long-term fuel security plan. The country’s refiners have been battered by the coronavirus-driven collapse in fuel demand, racking up losses […]

14.09.2020

Kuwait cancels $400 million oil and gas project

Source The project was awarded earlier this year for the development of heavy crude facilities in the north of the country Kuwait Oil Company (KOC) has scrapped a $400 million project awarded earlier this year due to low oil prices, a local newspaper reported. The project would have involved the development of heavy crude facilities […]

13.09.2020

Commitment and co-operation underline Opec’s 60 years of existence

Source The group urges all stakeholders to work together to take appropriate action to help sustain stability within the oil market Back in March and April, the world faced its largest oil demand shock in living memory. In April, demand was 23 million barrels a day below that of 2019, the WTI May futures price […]

11.09.2020

Oil and gas prices today September 11th: Decreased sharply

Source The information that US crude oil reserves increased last week made gasoline prices today turned down sharply. As the early morning of September 11th, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in November 2020 was at 37.62 USD / barrel, down 0.04 USD / barre in […]

11.09.2020

Fitch affirms Vietnam oil and gas group at ‘BB’

Source Fitch Ratings has affirmed Vietnam Oil and Gas Group’s (PVN) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB’ with a Stable Outlook. The agency has also affirmed PVN’s senior unsecured rating of ‘BB’. PVN’s IDR is capped by that of its parent, the Vietnam sovereign (BB/Stable), under Fitch’s Government-Related Entities (GRE) Rating Criteria. The […]

11.09.2020

OPEC’s third-largest producer fails to comply with output cuts

Source The United Arab Emirates (UAE), currently OPEC’s third-largest producer, is estimated to have exported a lot more crude oil in August as it produced more than its quota under the OPEC+ deal, undermining the oil market’s faith in the group’s unity in the cuts. According to tanker tracking data Bloomberg has compiled from several oil […]

10.09.2020

Oil and gas prices today September 10th: Brent oil regained the $ 40 mark

Source The news that China reduced the amount of oil imports in August 2020 raised concerns about oversupply in the crude oil market, thereby making the gasoline price tending to decrease today. As of early the morning of September 10, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered […]

10.09.2020

Second wave of floating storage triggered by ailing oil market

Source A stalled global economic recovery from the coronavirus pandemic is leading to a fresh build-up of global oil supplies, pushing traders including Trafigura to book tankers to store millions of barrels of crude oil and refined fuels at sea again. The use of so-called floating storage onboard tankers comes as traditional onshore storage remains […]

10.09.2020

MAN energy solutions and Wasco to drive power-to-gas technology in South-East Asia

Source MAN Energy Solutions and Wasco have signed a Memorandum of Understanding (MOU) to promote and commercialize Power-to-X (PtX) projects in South-East Asia. The technology in question converts electricity into carbon-neutral synthetic fuels, gas or liquid, for use as a clean, carbon-neutral energy source. Due to travel restrictions triggered by the Covid-19 pandemic, the signing […]

10.09.2020

Refrigeration oil market to eyewitness massive growth by 2027 | Jxtg Group, BASF, Idemitsu Kosan, Exxonmobil, Royal Dutch Shell

Source “Refrigeration Oil Market Scenario 2020-2027: The Global Refrigeration Oil market exhibits comprehensive information that is a valuable source of insightful data for business strategists during the decade 2014-2027. On the basis of historical data, Refrigeration Oil market report provides key segments and their sub-segments, revenue and demand & supply data. Considering technological breakthroughs of […]

10.09.2020

Japan and U.S. to test methane hydrate extraction in Alaska

Source Japan and the United States will conduct a joint study to produce gas from methane hydrate, a next-generation energy resource, in permafrost in northern Alaska from next year, a Japanese government source said Wednesday. The yearlong study comes as Japan seeks to secure domestic energy sources. The aim of the project is to commercialize […]

10.09.2020

LNG investments vanish in 2020 as coronavirus slashes oil and gas prices

Source In a stark contrast to last year’s record level of approvals for LNG production plants, 2020’s dramatic oil and gas price drop has forced companies to delay decisions on new projects and write down investments in existing plants No new liquefied natural gas (LNG) export projects could be approved this year for the first time in […]

10.09.2020

Vietnam’s Delta Offshore Energy seeks long-term LNG supplies

Source Delta is seeking 2.5 to 3 million tones per annum (MTPA) of LNG over a 25-year period and priced on either a delivered ex-ship (DES) basis or free-on-board (FOB) basis, the company said in a news release Delta Offshore Energy has launched a request for proposal (RFP) for a long-term contract to buy liquefied […]

10.09.2020

U.S. 2020 crude output to fall less than previously expected: EIA

Source U.S. crude oil production is expected to fall 870,000 barrels per day to 11.38 million bpd this year, a less steep decline than the 990,000 bpd previously forecast, the U.S. government said on Wednesday. Nations worldwide, including the United States, have throttled back oil output in response to the coronavirus pandemic, and as fuel […]

10.09.2020

Early data indicates strong month of U.S. crude buying by China

Source Early indications of U.S. crude oil exports to China show a surge in interest this month, putting September on track to be one of the strongest months recorded for Chinese purchases of American oil. Tentative U.S. crude cargo departures towards China currently sits at 840,000 barrels per day for the month, the second highest […]

09.09.2020

ExxonMobil announces Redtail oil discovery offshore Guyana

Source ExxonMobil has announced another oil discovery off the coast of drilling hotspot Guyana, at its Redtail well. The US firm, which operates the huge Liza field off the South American nation, said the find is its 18th in Guyana. Exxon said the Redtail-1 well in the Staborek block encountered 232feet of high quality oil-bearing […]

09.09.2020

Exxon Beaumont refinery completes restart from hurricane shutdown

Source Exxon Mobil has completed the restart of its 369,024 barrel-per-day (bpd) Beaumont, Texas refinery following a shutdown for the passage of Hurricane Laura in late August, said sources familiar with plant operations. The refinery is the first of six on the U.S. Gulf coast, shut by the storm, to completely restart. Exxon shut the […]

09.09.2020

Oil and gas prices today September 9: Decreased sharply, Brent oil falling below 40 USD

Source The pressure of oversupply is increasing when the prospect of economic recovery is worsening, which pushes gasoline prices decreased sharply today. On the morning of September 9, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in November 2020 was at 36.42 USD / barrel, down 0.34 USD […]

08.09.2020

Japan’s Sumitomo sells all of its stake in U.S. Marcellus shale gas project

Japanese trading house Sumitomo Corp 8053.T has sold all its stake in the Marcellus shale gas project in the United States for a undisclosed sum, it said on Monday in a statement. Sumitomo bought a 30% stake in the project in 2010 from Rex Energy Corp, which went bankrupt in 2018. The project is now 70% owned […]

08.09.2020

China’s August crude oil imports rise 13%

Source China’s crude oil imports in August rose 12.6% from a year earlier, down from record-high levels but still buoyed by hefty purchases made earlier this year when prices collapsed and as cargoes delayed by congestion clear customs at Chinese ports. Crude oil arrivals were 47.48 million tones last month, equivalent to 11.18 million barrels […]

08.09.2020

Green Hydrogen Could Bring UK GBP 320 Billion by 2050

Source Development of an indigenous green hydrogen industry could generate GBP 320 billion for the UK economy and sustain up to 120,000 jobs by 2050, a new report finds. The Offshore Wind and Hydrogen: Solving the Integration Challenge Report was released by the Offshore Wind Industry Council (OWIC) and the Offshore Renewable Energy (ORE) Catapult. […]

08.09.2020

Do oil market fundamentals justify $40 WTI?

Source Oil prices have been locked in the current price range for months now, with price volatility dropping drastically. It seemed that only inventory reports, OPEC’s compliance rate, and the re-opening of various European countries such as Spain and Italy could trigger price movement. But the current price cannot be justified if we refer to […]

08.09.2020

Japan tried to broker oil barter deal between Iran, U.S.

Source The Japanese government tried to melt the freeze between Washington and Tehran by proposing a swap deal involving Iranian oil and U.S. grain, Kyodo reports, citing unnamed government sources. The proposal was made by Prime Minister Shinzo Abe, who became the first Japanese PM to visit Iran in 41 years in June 2019. The […]

08.09.2020

Raising visibility of wind turbine by changing color of single blade can reduce bird strike by 70%

Scientists working in the field of wind power have been working on ways to reduce incidences of birds and bats killed by wind turbines due to a direct collision or the effect of the extreme difference in air pressure. They have tried mounting a warning device at the center of the turbine or on each […]

08.09.2020

Vietnam importers offer sales bonus to cut diesel inventory as virus slashes demand

Source Vietnam oil importers are offering domestic retailers a commission on diesel sales, in an unusual tactic to clear high inventories built up as the coronavirus pandemic has slashed demand, according to two sources. The move underscores difficulties they face in moving the industrial fuel in emerging economies such as Vietnam which has posted the lowest […]

08.09.2020

Oil and gas prices today September 8th: Continue downward trend

Source The prospect of economic recovery is difficult, while Saudi Arabia plummeted oil prices, causing gasoline prices today tending to decrease. As the early morning of September 8th, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in November 2020 was at 39.62 USD / barrel, down 0.53 USD […]

08.09.2020

CNOOC appoints new general manager

Source China National Offshore Oil Corporation, the largest offshore oil and gas producer in China, has appointed Li Yong as the new general manager and director of the group. Prior to the appointment, Li was the vice general manager of Sinopec. Previously he also served as the CEO and president of China Oilfield Services (COSL) […]

07.09.2020

PSA and Total form battery manufacturing joint venture

Source PSA Group and energy company Total have signed an agreement to create the Automotive Cells Company (ACC). The new joint venture will be dedicated to manufacturing batteries for electric vehicles (EVs) in Europe. ACC will benefit from the support of both French and German authorities, as well as European institutions. The backing follows a […]

07.09.2020

IEA: Oil demand recovery has stalled

Source The International Energy Agency (IEA) joined the chorus of analysts saying that the pace of global oil demand recovery has stalled in recent weeks on the back of weak refining margins, a lack of recovery in jet fuel demand, and uncertainties over global economic growth, including in the world’s top oil importer, China. Although […]

07.09.2020

The strategic significance of Vietnam-US oil and gas cooperation

Source Partnering with American firms would shrink Vietnam’s trade surplus with the US—and help Hanoi hold the line in the South China Sea. As a fast-growing economy, Vietnam’s demand for energy is projected to increase by between 8.5 and 9.5 percent annually. over the next five years. Together with the need to reduce its dependence on […]

06.09.2020

The Threat Of Oil Nationalism In Argentina

Source Latin America has a long history of resource nationalism, particularly when it comes to petroleum. Since the end of World War Two, this has acted as a significant deterrent for international energy majors seeking to invest in the region’s vast hydrocarbon potential. This is being amplified by the heightened geopolitical risk and instability that […]

06.09.2020

Vietnam advised to restart nuclear energy program

Source   With its energy deficit rising every year, several experts are advising Vietnam to reconsider the shelved nuclear power program. Nuclear energy is one of the recommendations made by experts as the Industry and Trade Ministry (MoIT) gathers public inputs for its 2021-2030 National Energy Master Plan (with orientation towards 2050). Tran Xuan Hoa, […]

04.09.2020

Philippines set to become battleground for S Korean, Chinese fuel suppliers

Source South Korea is aiming to lift oil product exports to the Philippines following the permanent closure of the latter’s Tabangao refinery, but competition from Chinese fuel suppliers would stand in the Korean refiners’ way as they engage in battles for a bigger market share in the Southeast Asian outlet. Southeast Asia has served as […]

04.09.2020

Oil and gas prices today September 4th continued to decline sharply

Source The concerns about slow recovery of demand continued to drag oil and gas prices down today, despite a series of positive economic data recently announced by countries. As the early morning of September 4, according to Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in October 2020 […]

03.09.2020

Japan’s Idemitsu accelerates black pellet tech to cut CO2 in coal-fired power

Source Japan’s Idemitsu accelerates black pellet tech to cut CO2 in coal-fired power In the latest development, Idemitsu, a major coal producer in Australia, said Sept. 3 it had started growing sorghum, a plant used for producing wood pellets, on unused land at its Ensham coal mine facility in Queensland. Idemitsu said it planned to […]

03.09.2020

Oil and gas price today September 3rd suddenly plunged

Source In the context that the crude oil market recorded a lot of positive news, today oil and gas price suddenly turned back to reduce sharply due to concerns of US-China tensions continuing to break out and extend. In the early morning of September 3, Vietnam time, on the New York Mercantile Exchange, the WTI […]

02.09.2020

Russia wants OPEC+ to react to oil demand recovery

Russia will propose to OPEC+ to react to the recovery in global oil demand, which has now reached 90 percent of the levels seen before the pandemic, Russia’s Energy Minister Alexander Novak said on Wednesday. “We hope for speedy demand recovery and will propose to react to it under OPEC+ deal,” Reuters quoted Novak as […]

02.09.2020

Kuwait looks to ease dependence on Saudi Arabia with new oil development

Source Kuwait had already slipped into an economic contraction of 1.1 per cent the fourth quarter of 2019, over the same period in the previous year, before Saudi Arabia decided to gamble again with the finances of fellow OPEC members and launch another oil price war in March designed to disable the U.S. shale oil […]

01.09.2020

Saudi Aramco discovers two oil and gas fields

Source Saudi Aramco has discovered two new oil and gas fields in the north of the Kingdom, the energy minister announced on Sunday. A gas field called “Hadbat Al-Hajarah” was discovered in the Al-Jouf region and an oil and gas field called “Abraq Al-Tuloul” was discovered in the Northern Borders region, Prince Abdul Aziz bin […]

01.09.2020

Japan’s Eneos to hasten refinery consolidation as virus slams demand at home

Source Japan’s biggest oil refiner Eneos Holdings Inc will hasten its transformation into a supplier of low-carbon energy and materials as domestic oil demand drops more than expected due to the COVID-19 pandemic, new President Katsuyuki Ota said. A quicker timeline comes amid a wider consolidation in Japan’s refining sector, which has been cutting capacity […]

01.09.2020

Vietnam issues decree against illegal oil & gas drilling

Source Vietnam’s government has issued  a decree against illegal oil and gas exploration in its waters in the South China Sea, threatening fines and property seizures for violators, regardless of whether they are Vietnamese or foreign entities. Vietnam has a long-standing dispute with China regarding offshore exploration in the South China Sea. In fact, China […]

31.08.2020

OPEC to explore blue hydrogen, new technologies

The Organisation of Petroleum Exporting Countries (OPEC) at the weekend said it was going to explore the future of blue hydrogen, digitalisation in the energy sector and cyber security and blockchain technology. Its Secretary-General Mohammad Barkindo, said the oil and gas sector has always been keen on deploying the latest technologies to improve productivity. “The […]

31.08.2020

Mexico’s Pemex tests limits of investor influence on climate change

Source At a time when oil production is at historic lows, lenders who want Mexican oil giant Pemex to adapt to climate change are struggling to be heard. Big oil companies such as BP, Royal Dutch Shell and Repsol have begun to build strategies to cut the carbon they emit. But state-owned Petroleos Mexicanos, one […]

31.08.2020

Exxon restarting Beaumont, Texas, refinery crude unit

Source ExxonMobil Corp has begun restarting the small crude distillation unit (CDU) and gasoline-producing fluid catalytic cracker (FCC) at its 369,024 barrel-per-day (bpd) Beaumont, Texas, refinery, sources familiar with plant operations said. The 110,000-bpd Crude A CDU and 120,000-bpd FCC were shut on Tuesday ahead of the approach of Hurricane Laura to the U.S. Gulf Coast. […]

31.08.2020

PetroVietnam to buy gas from Su Tu Trang field offshore block 15-1

Source Vietnam’s state oil firm Petro Vietnam on Monday signed a contract with Cuu Long JOC to purchase gas and condensate from its Su Tu Trang field at Block 15-1 offshore the Southeast Asian country. The deal is for the purchase of 600 million cubic meters of gas and nearly one million barrels of condensate […]

30.08.2020

Vietnam’s crude exports to China down but sales to Malaysia, Thailand up in July

Source Vietnam’s exports to China fell sharply in July but sales to Malaysia and Thailand rose. Vietnam’s crude exports fell to 267,081t (65,000 b/d) in July from 99,000 b/d in June, likely because of increased domestic demand. The July exports were the lowest since November last year, according to Vietnamese customs data. Shipments to China […]

29.08.2020

Work underway on first ever national energy master plan

Source The Ministry of Industry and Trade is set to draft a national energy master plan as Vietnam shifts from being an energy exporter to a net importer. The ministry held a workshop Friday afternoon to discuss the plan, for 2021-30, the first time the government has worked on something like this. In the past […]

28.08.2020

US Backs Philippine Claims In South China Sea Anew; Sanctions Chinese Officials Behind SCS Island-Building

Source Chinese individuals responsible for the militarization of disputed areas in the South China Sea are now barred from travel to the US along with their immediate family members. State-owned Chinese enterprises have also been blacklisted. The Trump administration announced on Wednesday, Aug. 26, that it is imposing sanctions on Chinese officials responsible for Beijing’s […]

28.08.2020

State-owned enterprises’ profits decline

Source Fifty three state-owned enterprises saw post-tax profits go down 11 percent year-on-year to VND52.2 trillion ($2.3 billion) last year, a Finance Ministry report says. Oil and gas giant Petrovietnam saw post-tax profits down 17 percent to VND23.18 trillion. Last year, it had to make provisions for an ailing investment at the Nghi Son Refinery […]

28.08.2020

Kuwait’s KPC to cut spending by $2.3 billion

Source Kuwait has cut its oil sector spending by $2.3 billion for the 2020-2021 fiscal year because the it is in economic free-fall due to weak oil prices and COVID-19, local newspaper Alanba reported Aug. 27. Oil-dependent Kuwait has been left particularly exposed to the price crash. Kuwait derives about 50% of GDP, more than […]

28.08.2020

UAE could raise output plans, to be higher than OPEC+ quota: Energy Aspects

Source The United Arab Emirates is likely to raise output plans which would be much higher than its OPEC+ quota, consultancy Enery Aspects said in a note on Monday. “A big rise in Murban exports (caused by the UAE ignoring its OPEC+ commitments) and meagre Chinese crude buying have dealt a double blow to oil […]

28.08.2020

Indian state refiners halt oil imports from Chinese cos, sources say

Indian state refiners have stopped buying crude oil from China-linked companies, three sources said, after New Delhi’s recent regulation aimed at restricting imports from countries that it shares a border with. The new regulation, put in place on July 23, comes after a border clash between India and China that killed 20 Indian soldiers and […]

27.08.2020

US blacklists Chinese individuals, firms for South China Sea work

Source The United States on Wednesday announced sanctions and restrictions on two dozen Chinese companies and associated officials for taking part in building artificial islands in disputed waters in the South China Sea. The 24 state-owned firms include subsidiaries of construction giant China Communications Construction Co., telecommunications firms and a unit of the China Shipbuilding […]

27.08.2020

Crude oil or cooking oil? For some U.S. refiners, it’s now a choice

Source Refiners have always produced fuel using crude oil. Now some are using grease. A slump in demand for gasoline since the onset of the coronavirus pandemic has several refining companies accelerating their plans to retrofit facilities to produce so-called renewable diesel made from, among other things, used cooking oil from fast-food restaurants. The shift […]

27.08.2020

U.S. energy firms tally hurricane damage, plot restarts

Source U.S. energy companies on Thursday were organizing crews and beginning to review offshore Gulf of Mexico platforms and assess damage to coastal operations as Hurricane Laura took its fierce winds inland. The storm hit Louisiana early Thursday with 150 mile-per-hour (240 kph) winds, damaging buildings, knocking down trees and cutting power to more than […]

27.08.2020

Iran fast tracks development of huge West Karoun oil field

Source One of the three key priorities for Iran – along with completing all of the phases on its supergiant South Pars natural gas field and expanding its value-added petrochemicals sector – is to increase the crude oil production and exports from its West Karoun cluster of giant oil fields. The West Karoun fields together […]

27.08.2020

Oil and gas prices today August 27th: Lost the increasing momentum

Source Tensions between the US and China “heating up” again stopped the rise of gasoline prices today, despite the disruption of oil supplies from the US. As of this early morning August 27th, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in October 2020 was at $ 43.43 […]

26.08.2020

Vietnam renewable energy week 2020 launched in Hanoi

Source NDO – Vietnam Renewable Energy Week 2020 was jointly launched by the Vietnam Sustainable Energy Alliance (VSEA), the Vietnam Coalition for Climate Action (VCCA), the Vietnam Union of Science and Technology Associations (VUSTA) and partners in Hanoi on August 25. The four-day event, the fifth of its kind held in the country, carries the […]

26.08.2020

Gasoline price tomorrow (August 27th) may increase by 500 VND / liter!

With the average price of gasoline on the Singapore market in the operating period from August 12th increasing by about 5%, tomorrow’s gasoline price (August 27th) is forecasted to increase by 500 VND / liter. According to the petrol price management cycle, tomorrow (August 27th), the Ministry of Industry and Trade – Finance will announce […]

26.08.2020

Oil and gas prices increased today August 26th

Source A series of positive news on both supply and demand sides pushed up oil and gas price today. As the early the morning of August 26th, Vietnam time, on the New York Mercantile Exchange, the price of WTI light sweet crude oil delivered in October 2020 was at $ 43.45 / barrel, up $ […]

25.08.2020

JAPEX announces phase 2 for Soma LNG and Fukushima power plant

Source Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced that the No. 2 unit of Fukushima Natural Gas Power Plant has commenced commercial operations. The power plant has been under construction by Fukushima Gas Power Co Ltd (FGP), which is a project company to promote the project of natural gas-fired power generation at Soma Port […]

25.08.2020

Storm prompts Phillips 66 to start shutdown of Lake Charles, La. facility

Source Preparing for hurricane Laura, Phillips 66 began the shutdown of its Lake Charles manufacturing complex in Louisiana, which includes its 260,000 barrels per day refinery. The storm is forecast to be near major hurricane strength when it approaches the coast. “Non-essential personnel have been released from work ahead of the storm,” the company said on its […]

25.08.2020

Japanese market modestly lower

Source The Japanese stock market is modestly lower on Wednesday following the mixed cues overnight from Wall Street and as investors booked profits after strong gains in the previous sessions. The benchmark Nikkei 225 Index is down 50.93 points or 0.22 percent to 23,245.84, after rising to a high of 23,348.80 in early trades. Japanese […]

25.08.2020

Total and Mozambique sign security pact for $20 bln natural gas project

Source Mozambican security forces have been battling a low-level insurgency against militias suspected of having links to Islamic State in the gas-rich north of the country. MAPUTO: French oil major Total has signed a security pact with the Mozambique  government to protect a $20 billion natural gas (LNG)  project being developed in the southern African […]

25.08.2020

Kuwait oil price down 19 cents to USD 45.14 pb – KPC

Source The price of Kuwaiti oil dropped 19 cents during Monday’s trading to USD 45.14 per barrel (bp) compared to USD 45.33 pb last Friday, Kuwait Petroleum Corporation (KPC) said Tuesday. Globally, the price of the Brent crude gained 78 cents to USD 45.13 pb and the West Texas Intermediate edged 28 cents higher to […]

25.08.2020

Oil and gas prices today August 25th: Brent oil regained the 45 USD/ Barrel

Source In the context of a disruption in the US oil supply market due to the impact of a hurricane in the Gulf of Mexico, today’s oil and gas prices were stable on fears of falling oil demand. As the early morning of August 25th, Vietnam time, on the New York Mercantile Exchange, the price […]

24.08.2020

Oil and Gas prices today August 24th rose slightly.

Source The expectation that countries will be more aggressive in implementing the economic stimulus and support packages, thereby promoting energy demand improvement, has supported oil and gas prices today slightly increased. As the early morning of August 24th, Vietnam time, on the New York Mercantile Exchanghe, the WTI light sweet crude oil delivered in October […]

24.08.2020

Bulgaria’s PM Borissov arrives in Athenes where will be signed the contract for gas terminal near Alexandroupolis

Source The Prime Minister Boyko Borissov arrived in Athens, where together with his Greek counterpart Kyriakos Mitsotakis he will participate in the finalization of the process in which Bulgartransgaz EAD becomes an equal shareholder in the project for a liquefied natural gas terminal near Alexandroupolis. In the Greek capital, the two prime ministers will attend […]

24.08.2020

Energy firms shut 58% of U.S. Gulf of Mexico oil output due to twin storm threat

Source Energy firms shut 57.6%, or 1.07 million barrels per day (bpd), of offshore crude oil production in the U.S. Gulf of Mexico because of the twin threat from Hurricane Marco and Tropical Storm Laura, the U.S. government said on Sunday. Also, 44.6%, or 1,205 million cubic feet per day (mmcfd), of natural gas output […]

24.08.2020

$90 billion fund closes door on oil and gas investments

Source Oslo-listed Storebrand changes climate policy to accelerate green transition, dropping ExxonMobil, Chevron, Husky Energy and ConocoPhillips Oslo-listed insurer Storebrand, which has about $91 billion under management, has changed its climate policy in an effort to accelerate the green transition, dropping its support of oil and gas giants ExxonMobil, Chevron, ConocoPhillips and Husky Energy, among […]

24.08.2020

China’s July diesel exports hit five year low amid weak demand overseas

Source China’s diesel exports fell for a fourth straight month in July hitting their lowest level in five years, as tepid demand overseas due to the COVID-19 pandemic forced Chinese refiners to focus on domestic consumers. China shipped out only 550,000 tons of diesel, about half of 1.04 million tons in June and a third […]

23.08.2020

Rescuers recover two bodies in Texas offshore explosion

Source The bodies of two of four workers missing after a dredging vessel caught fire and sank in Corpus Christi, Texas, harbor were recovered on Saturday, the U.S. Coast Guard said. Four workers on the dredging vessel Waymon L Boyd went missing on Friday after the vessel caught fire in the Corpus Christi ship channel. […]

23.08.2020

Saudi Aramco establishes corporate development organisation

Source Saudi Aramco (2222.SE) said on Sunday it established a corporate development organization to optimize the company’s portfolio. “Corporate Development is mandated to create value, assess existing assets and secure greater access to growth markets and technologies through portfolio optimization and strategic alignment,” the Saudi oil giant company said in a statement. The organisation will […]

22.08.2020

Vietnam among top 16 most successful emerging economies in the world

Source A new study shows that Vietnam is in the top 16 most successful emerging economies in the world, with many prospects to narrow the gap with developed countries amidst the COVID-19 epidemic, according to the Economist. This awful year could, paradoxically, be a good one for what economists call convergence. This normally takes place […]

21.08.2020

The oil industry’s biggest weakness is its reliance on China

Source Whenever the commodity cycle reaches a trough, all eyes turn to China. Asia’s biggest powerhouse has through years of explosive growth become the top—or one of the top—importers of many commodities, leading the producers of these commodities to base their own growth strategies on China’s insatiable appetite. Nowhere is this truer than in oil […]

21.08.2020

Oil and gas prices regained the momentum today

Source The expectation of oil demand will recover by 97% by the end of this year compared to before the Covid-19 epidemic has brought up the price of oil and gas today In the early morning of August 21st, Vietnam time, on the New York Mercantile Exchange, the WTI light sweet crude oil delivered in […]

21.08.2020

Massive fire and explosion near refinery row in Corpus Christi

Source Emergency crews on Friday were responding to an explosion and fire near the Port of Corpus Christi that resulted in several injuries, according to local officials. The fire occurred shortly after 9:00 AM ET (1300 GMT) in an area referred to as “refinery row,” due to its proximity to several refining facilities, according to a […]

21.08.2020

Indian Oil to fully restart Paradip refinery by Saturday

Source Indian Oil Corporation Ltd, the country’s top refiner, will restart all units at its 300,000 barrels per day (bpd) Paradip refinery in Odisha by Saturday, a government official said. The refinery’s maintenance shutdown has been extended by a few days due to shortage of laborers amid the COVID-19 pandemic. “Out of about 1,400 workers […]

21.08.2020

Tax relief to push Norway’s oil investments higher

Source Despite the coronavirus-induced crisis, investments in oil and gas activity in Norway are expected to rise by 1.6 percent this year compared to 2019, thanks to higher oil prices and the government’s tax relief package for the oil industry, the latest investment survey by Statistics Norway showed on Thursday. Total investments in oil and […]

20.08.2020

Kuwait is running out of money to pay public salaries

Source Kuwait is running out of money for the salaries of public servants and will have no money to cover these after November, the country’s finance minister told parliament. Unless oil prices rise, the money being used now, withdrawals from the General Reserve Fund, will simply be depleted, Middle East Monitor reports, citing the official, […]

20.08.2020

Gazprom retains forecast for average gas price in EU at $133 in 2020

Source Forward gas prices at the Dutch TTF hub at the end of the year show a level of about $160 per 1,000 cubic meters, which is significantly higher than current spot prices MOSCOW, August 18. /TASS/. Gazprom still expects the average price of Russian gas in Europe this year to be around $133 per […]

20.08.2020

Japan’s LNG imports drop in July

Source Japan’s monthly LNG imports declined last month following a slight increase in June as the Covid-19 coronavirus pandemic continues to affect demand. The world’s largest importer of LNG received 6.03 million tonnes of the fuel last month, down 11.5 percent from a year earlier and representing the sixth monthly decline in volumes this year. […]

20.08.2020

OPEC+ reiterates importance of attaining full conformity for market stability

Source VIENNA — Energy Minister Prince Abdulaziz Bin Salman, who chaired the 21st Joint Ministerial Monitoring Committee (JMMC) meeting via videoconference here, urged the Organization of Petroleum Exporting Countries (OPEC) members and allies to boost compliance with oil output cuts aimed at supporting prices. Prince Abdul Aziz and Co-Chair Alexander Novak, minister of energy of the […]

20.08.2020

Global oil demand to recover to 97% of pre-Covid levels by year-end, Saudi energy minister says

Source Global oil demand is expected to recover to 97 per cent of pre-pandemic levels by the end of the year, following record slumps in demand in the first half of the year, according to Saudi Arabia’s energy minister. He was speaking ahead of the joint ministerial monitoring committee meeting consisting of a core group […]

20.08.2020

Russian Energy Minister tests positive for coronavirus hours before OPEC meeting

Source Russian Energy Minister Alexander Novak has tested positive for coronavirus, Russian Prime Minister announced in a government meeting on Tuesday. The news broke out hours before Novak was to participate in a video conference by the ministerial monitoring committee of OPEC and its allies. “Unfortunately, Alexander Valentinovich Novak has been taken ill with the coronavirus”, Prime […]

20.08.2020

BASF and Idemitsu end petrochemical JV

Source BASF Idemitsu Co., Ltd. (“BIC”), a joint venture between BASF SE (“BASF”) and Idemitsu Kosan Co., Ltd. (“IKC”), will be closing its 1,4-Butanediol (“BDO”) plant at Chiba, Japan in December 2020. The joint venture agreement between BASF and IKC will be terminated thereafter. BASF’s decision to close the BIC plant in mutual agreement with […]

20.08.2020

OPEC+ needs to fix daily oversupply of more than 2 MM barrels

Source Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) to make up for their recent oversupply, an internal OPEC+ report seen by Reuters shows. The surplus seen between May and July ought to be compensated for in August and September, […]

20.08.2020

Kuwait’s state oil company picks adviser to merge units

Source Merger plan has been approved by Kuwait’s Supreme Petroleum Council Kuwait Petroleum Corp. is hiring a consultant to help merge its subsidiaries as the state-run company slashes capital spending by more than 25 percent over the next five years. KPC will combine its eight business units into four to streamline operations, according to a […]

19.08.2020

Canada Energy Regulator forecasts 6.6% drop in Canadian oil production this year

Source CALGARY — The Canada Energy Regulator says its expects oil production in Canada will average 4.38 million barrels per day this year, down by 6.6 per cent compared with 2019. The federal regulator says it expects oil production to gradually recover over the balance of 2020 after producers halted what analysts estimate was as […]

19.08.2020

Occidental-backed company will build new U.S. CO2 removal plant

Source A new venture backed by U.S. oil and gas producer Occidental Petroleum Corp will develop the largest ever facility to pull carbon dioxide out of the atmosphere through a process known as direct air capture, the companies said. Occidental’s venture capital arm, Oxy Low Carbon Ventures LLC, has formed a company with sustainability-focused private […]

19.08.2020

Shell Catalysts & Technologies’ catalyst selected for major petrochemical projects

Source Shenghong Refining and Chemical (Shenghong) has selected Shell Catalysts & Technologies (SC&T) to provide catalyst for its C2 FE selective hydrogenation units, the core reaction unit of its 1100 KTA grassroots ethylene Plant in Lianyungang, China. The ethylene cracker is part of Shenghong’s grassroots integrated refining and petrochemical complex. The plant is the third […]

19.08.2020

Belarus largest oil refinery Naftan expresses distrust in leader Lukashenko

Source MINSK, August 17. /TASS/. Naftan, a major Belarusian oil refinery, has put forward a number of demands to the national authorities, including resignation of incumbent President Alexander Lukashenko. “We demand resignation of Alexander Luakshenko from the post of president of the Republic of Belarus due to loss of trust,” head of the product sales […]

19.08.2020

Iraq to sign memorandum with Chevron to explore for oil

Source Iraq plans to sign a memorandum of understanding with Chevron Corp. to explore for oil in the country’s southern province of Dhi Qar, according to a person familiar with the matter. The deal formalizes Chevron’s interest in exploring the eastern and western parts of Nasiriyah, the capital of Dhi Qar, the person said. It would exclude […]

19.08.2020

Russia’s Sibur starts construction of massive polymer plant

Source Russian energy companies, led by Sibur, have been increasingly shifting their focus to petrochemicals in a drive to capitalise on the fast-growing sector and offset the volatile market for crude oil exports MOSCOW: Russia’s privately held Sibur petrochemical company on Tuesday began construction on one of the world’s largest polymer-producing plants in the country’s […]

18.08.2020

Thailand suffers biggest economic slump since 1998, government announces more stimulus

Source Thailand’s economy suffered its biggest annual contraction since the Asian financial crisis in the second quarter due to the fallout of the coronavirus, prompting the government to slash its GDP forecast for the year and announce more stimulus. Data from the state planning agency showed a 100% fall in foreign tourism dealt the biggest […]

18.08.2020

Japan’s economy contracts record 27.8% in Q2

Source Japan’s economy contracted by 27.8 percent from the previous quarter in the April-June period, marking a record decline in 40 years mainly due to the COVID-19 pandemic, the government said in a report on Monday. According to the Cabinet Office, the preliminary data on GDP equates to a seasonally-adjusted 7.8 percent decrease on a […]

18.08.2020

Mexican president wants to cancel ‘unfair’ Odebrecht-backed energy deal

Source MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Monday an ethane supply contract signed under the administration of one of his predecessors with a consortium backed by Brazilian company Odebrecht was unfair and should be canceled. The contract, between state oil company Petroleos Mexicanos (Pemex) and the consortium made up […]

17.08.2020

Trump administration finalizes oil drilling plan in Alaska wildlife refuge

Source The Trump administration on Monday finalized a plan to allow oil and gas drilling in Alaska’s Arctic National ildlife Refuge, putting it on track to issue decades-long leases in the pristine wilderness area before a potential change in U.S. leadership. The energy industry and Alaska Governor Michael Dunleavy said opening ANWR to drilling would […]

14.08.2020

Idemitsu Kosan sees improving domestic jet fuel demand

Source Japanese refiner Idemitsu Kosan said that it had seen signs of recovery in jet fuel demand as airliners reopen domestic flights after July despite the slow resumption in international passenger flights. The company’s managing-director Yoshitaka Onuma also said that refinery runs had increased in July from April-June and expect even higher runs in the […]

14.08.2020

Production starting at lubricant manufacturing plant in Huizhou, China Increasing supply capacity by launching a second directly-operated manufacturing plant in China and establishing a stable supply structure across China

Source Idemitsu Kosan Co.,Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director President and CEO: Shunichi Kito; hereinafter, “the company”) initiated operation and production at Huizhou Plant of Huizhou Idemitsu Lube Co., Ltd., the second directly-operated lubricant manufacturing plant in China. The Huizhou Plant was built through Huizhou Idemitsu Lube Co., Ltd. (President: Daisuke Sumitomo; a wholly owned […]

14.08.2020

Petronas lets contract for Kasawari offshore gas plant

Source Petronas Carigali Sdn. Bhd. has let a contract to Honeywell UOP LLC to provide modular natural gas processing technology for development of a 900-MMcfd offshore gas purification plant in Kasawari gas field in the South China Sea, off Sarawak, Malaysia. State-run Petroleum Nasional Bhd. (Petronas) subsidiary Petronas Carigali Sdn. Bhd. has let a contract to Honeywell […]

13.08.2020

IEA lowers 2020 oil demand forecast citing dismal aviation sector

Source LONDON (Reuters) – The International Energy Agency (IEA) cut its 2020 oil demand forecast on Thursday, warning that reduced air travel due to the coronavirus pandemic would lower global oil demand this year by 8.1 million barrels per day (bpd). The Paris-based IEA slashed its 2020 outlook by 140,000 bpd to 91.9 million bpd, […]

13.08.2020

Phillips 66 plans to convert refinery into renewable fuels plant

Source Phillips 66 has announced plans to reconfigure its San Francisco refinery in Rodeo, California, US, to produce renewable fuels. The plant would no longer produce fuels from crude oil, but instead would make fuels from used cooking oil, fats, greases and soybean oils. The Phillips 66 Rodeo Renewed project would produce 680 million gallons […]

13.08.2020

The price of RON 95 and Diesel were both decreased 

From 3pm, the price of RON 95 gasoline, Diesel, and kerosene were decreased while E5 RON 92 and Mazut oil price were remained.  The Inter-Ministry MOIT and MOF said that from 15:00 today (August 12th), price of RON95 gasoline and diesel oil will be decreased by 50 and 190 dong per liter respectively; Kerosene will be reduced by 70 dong per liter. Meanwhile, E5 RON92 and Madut gasoline shall remain as same […]

13.08.2020

Oil major Chevron invests in nuclear fusion startup Zap Energy

Source Oil major Chevron Corp (CVX.N) said on Wednesday it is investing in Zap Energy Inc, joining Italy’s ENI (ENI.MI) and Norwegian state oil company Equinor (EQNR.OL) who have also backed nuclear fusion startups to reduce their carbon footprint. Chevron’s decision comes as energy companies face increasing pressure from investors to reduce emissions, spend more […]

12.08.2020

New Zealand Government Backs Hiringa’s Nationwide hydrogen fueling network

Source The Infrastructure Reference Group has provisionally approved $20 million for Hiringa Energy to establish New Zealand’s first nationwide network of hydrogen fuelling stations The initiative will involve the installation of eight hydrogen refueling stations located in Waikato, Bay of Plenty, Taranaki, Manawatu, Auckland, Taupō, Wellington and Christchurch. These stations will provide refuelling for zero […]

12.08.2020

Gasoline demand hits highest level since March

Source (Bloomberg) — U.S. gasoline consumption recovered last week to where it stood just before the pandemic forced everyone inside but uncertainty lingers for the oil industry as driving season season approaches its end. Will anyone be driving back to school? Gasoline demand last week increased to 8.715 million barrels-a-day, the highest level for the […]

12.08.2020

Powering solar power – a prescription for India

Source New Delhi: The solar power sector in India has received substantial attention from stakeholders from around the world along with an excellent growth pace in terms of capacity addition and fall in tariff. What is also encouraging is that this sector is still getting substantial attention with focus not being concentrated only on generation of solar power or […]

12.08.2020

Saudi Aramco plans further spending cuts to pay for dividend

Source (REUTERS) – SAUDI Aramco plans to cut its capital spending to a range of $20 billion to $25 billion this year to pay a $75 billion dividend it pledged to investors during its initial public offering last year, the Financial Times reported on Wednesday, citing people familiar with the matter. The report says the new […]

12.08.2020

Shell eyes stake in Nayara’s $9 bn Indian petchem project

Source Oil major Royal Dutch Shell plans to buy a 50% stake in Indian-based Naraya Energy’s up to $9 billion planned petrochemical project, a source familiar with the matter said. Global oil majors are looking at expanding foothold in the vast Indian market, where local refiners are investing billions of dollars to boost their petrochemical […]

12.08.2020

OPEC trims 2020 oil demand, sees doubts about 2021 on virus fallout

Source LONDON (Reuters) – World oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and there are doubts about next year’s recovery, OPEC forecast on Wednesday, potentially making it harder for the group and its allies to support the market. World oil demand will tumble by 9.06 million barrels […]

12.08.2020

A special city built on drilling rigs

Source Neft Dashlari was built on giant drilling rigs, located about 55 km from the Caspian coast, in Baku – the capital of Azerbaijan. This is the first and oldest floating city in the world.   

12.08.2020

Kuwait contains limited oil leak

Source The Kuwait Oil Company (KOC) announced on Wednesday that it has contained a limited oil spill near the 18th km of the Seventh Ring Road. On its Twitter account, the company said Tuesday that the relevant authorities were dealing with the leak, affirming that the situation was under control. The emergency teams, in coordination […]

11.08.2020

Aramco announces second quarter and half-year 2020 results

Source The Saudi Arabian Oil Company (Aramco) announced its results for the second quarter and first half of 2020, highlighting the company’s financial and operational resilience despite challenging market conditions caused by the COVID-19 pandemic. Commenting on the results, Aramco President & CEO Amin H. Nasser, said: “Despite COVID-19 bringing the world to a standstill, […]

11.08.2020

Successful exploration well in the Norwegian North Sea

Source Idemitsu Kosan Co.,Ltd. (Head Office: Chiyoda-ku, Tokyo; Representative Director and CEO: Shunichi Kito) is pleased to announce that its subsidiary, Idemitsu Snorre Oil Development Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President: Jun Miki)*1 has discovered, through Idemitsu Petroleum Norge AS*2 (Managing Director: Hiroshi Arikawa), an accumulation of oil by the exploration well 34/4-15S and 34/4-15A in […]

10.08.2020

Anxious Mauritians use hair to stem Japanese ship’s oil spill

Source The MV Wakashio, owned by the Nagashiki Shipping Company and operated by Mitsui OSK Line, began oozing fuel into turquoise sea waters last week after hitting a reef off the island NAIROBI: Mauritians are making floating booms of human hair and leaves in a round-the-clock scramble to mop up oil leaking from a grounded […]

10.08.2020

Oil climbs on signs of recovery in Asia and increasing air travel

Source SINGAPORE (Bloomberg) –Oil snapped a two-day losing streak on growing signs that consumption in key regions is edging higher. Crude demand in Asia is almost back to pre-virus levels, Saudi Aramco Chief Executive Officer Amin Nasser said Sunday. Meanwhile, oil drilling in the U.S. fell to a 15-year low and the number of active […]

09.08.2020

Global oil & gas industry M&A deals total $23.95bn in Q2 2020

Source Total oil & gas industry M&A deals in Q2 2020 worth $23.95bn were announced globally, according to GlobalData’s deals database. The value marked an increase of 114.2% over the previous quarter and a drop of 68.8% when compared with the last four-quarter average, which stood at $76.8bn. Comparing deals value in different regions of […]

08.08.2020

AES, 5B to accelerate world’s transition to solar energy

Source AES’s strategic investment in solar innovator 5B enables deployment of solar energy generation facilities three times faster and generates twice the energy from the same land plot. U.S. energy corporation AES has invested in 5B, a solar technology company based in Sydney, Australia. 5B’s revolutionary Maverick design enables customers to add solar resources at a […]

06.08.2020

Idemitsu books $36 million loss in first quarter on remittance fraud at Hong Kong unit

TOKYO (Reuters) – Japanese oil refiner Idemitsu Kosan Co booked a special loss of 3.8 billion yen ($36 million) because of a remittance fraud at a Hong Kong unit in the April-June quarter, Yoshitaka Onuma, the general manager of the finance department, said on Thursday. He declined to give details, saying authorities were investigating. ($1 […]

06.08.2020

Thien Ung field has reached a gas production milestone of 500 million m3

Source At 1 hour and 15 minutes on August 2, 2020, Vietsovpetro officially marked the event that, after about 4 years- operation (1,322 days) from the date (December 12, 2016) of receiving the first gas follow and condensate, Thien Ung  field (Well TU-6, Block 04-3 ) reached a gas production of 500 million Sm3. Thien […]

03.08.2020

US firm seeks to invest US$15 billion in power project in central Vietnam

The Hanoitimes – The company hopes to turn Vietnam in general and Van Phong in particular into an important LNG hub of Southeast Asia. Millennium Vietnam Company, a member of the US-based Millennium Petroleum Group, has shown interest in investing up to US$15 billion in a liquefied petroleum gas project in Nam Van Phong of the central […]

03.08.2020

Crude oil prices fall due to growing concerns of saturated oil market

Source Crude oil prices started the trading week at London’s session with a decline, due to growing concerns on oil glut. This macro is coming to light as OPEC+ eased some production cuts this month despite the resurgence of the COVID-19 pandemic. Brent crude was down 0.34% to trade at $43.37 a barrel as of […]

03.08.2020

Japan’s Seven & i seals $21 billion deal for Marathon petroleum’s speedway gas stations

Source The Japanese owner of 7-Eleven convenience stores has agreed to buy Marathon Petroleum’s Speedway gas stations for $21 billion, brushing aside coronavirus concerns to return to the table five months after initially balking at the deal. The acquisition is one of the biggest this year, suggesting the pandemic, while forcing many companies to focus […]

03.08.2020

Marathon Petroleum to permanently close two oil refineries

Source Marathon Petroleum plans to permanently close two small U.S. oil refineries in Martinez, California, and Gallup, New Mexico, the company said, eliminating 800 jobs in response to lower fuels demand. The largest U.S. refiner by volume had earlier idled the two facilities following weak demand due to COVID-19 outbreaks in the United States. U.S. refiners […]

01.08.2020

Oil posts monthly gain supported by OPEC cuts and weak dollar

Oil posted a gain in July, boosted by a steadily weakening dollar and OPEC’s restraint on production. Deep crude output curbs by the Organization of Petroleum Exporting Countries and its allies have helped futures rebound from their plunge below zero in April, yet the unprecedented cuts are set to ease in a matter of days. […]

30.07.2020

PetroVietnam explores oil and gas reserves

HÀ NỘI — The Vietnam Oil and Gas Group (PetroVietnam) has announced that its exploration of the Kèn Bầu-2X well, located in the Red River basin offshore of Việt Nam’s northern continental shelf, helped the firm increase oil and gas reserves in 2020 ahead of schedule. Eni Vietnam B.V. – the operator of the project – […]

28.07.2020

Thai Oil lets contract for Sriracha refinery’s clean fuels project

Thai Oil PLC has let a contract to McConnell Dowell Corp. Ltd. to provide civil works for the previously announced Clean Fuel Project (CFP) at its 276,000-b/d refinery at Sriracha, in eastern Thailand’s Chonburi province. Thai Oil PLC has let a contract to McConnell Dowell Corp. Ltd. to provide civil works for the previously announced Clean […]

28.07.2020

All domestic flights to/from Da Nang temporarily suspended

VGP – The Ministry of Transport announced all domestic passenger flights to and from Da Nang City shall be temporarily suspended for 15 days, starting from July 28. This means that flights to repatriate tourists stranded in the central city due to Covid-19 outbreak had to take off before 0:00 am on the same day. […]

24.07.2020

Nippon Steel and Idemitsu tackle plastic waste in recycling push

TOKYO — Nippon Steel and other industrial stalwarts of Japan are strengthening efforts to make use of plastic waste instead of shipping it abroad. In addition to conventional recycling, companies are tapping waste plastic as an energy source and to extract materials that can be used in the manufacturing process. These moves have been prompted by a decline in plastic waste […]

24.07.2020

50 isolated in Da Nang after man tests positive for Covid-19

Da Nang City authorities have quarantined more than 50 people who were in close contact with a local who tested positive for Covid-19. The suspected patient, a 57-year-old man, went to Da Nang C Hospital after coughing and feeling tired on Wednesday. After diagnosing him with pneumonia, doctors took his samples for testing for Covid-19, […]

15.07.2020

Allow foreign ownership in fuel distribution, ministry proposes

The Ministry of Industry and Trade has proposed that fuel distributors be allowed to sell a maximum of 35 percent of their stake to foreign investors. The ministry rationalized that several exceptions the government has allowed so far, such as 20 percent foreign ownership in Petrolimex and 35 percent in Petrovietnam Oil, have considerably improved […]

10.07.2020

Disclosure of marine safety zone

With the concerns of increasing illegal intrusion cases to NSRP Project MSZ recently, NSRP Social & Community Section closely cooperated with Security Team to carry out the campaign of MSZ disclosure to fishermen to foster their awareness in the proximity coastal areas of NSRP project and prevent future intrusion with following key messages: (1) Safety […]

02.06.2020

Analysis: Vietnam’s crude production cuts bear fruit as export grades’ price differentials rebound

Singapore — Vietnam has been slashing crude production volumes since late in the first-quarter and the Southeast Asian producer plans to continue limiting supply in an effort to improve its upstream economics, and lay the foundation for a recovery in the price differentials of the country’s major export grades. Vietnam has followed in OPEC’s footsteps […]

25.05.2020

Việt Nam named best COVID-19 fighter globally by Politico

HÀ NỘI — The US news website Politico has ranked Việt Nam the best performer worldwide in the fight against COVID-19. The ranking is based on the COVID-19 impacts on public health and economic outcomes. Politico has mapped the performance of 30 leading countries by plotting their health and economic outcomes and grouping them based on whether they have instituted […]

21.05.2020

Temporarily halting petrol and oil imports must be considered carefully: ministry

HÀ NỘI — The proposal of temporarily halting the import of petrol and oil must be carefully considered to ensure national energy security and harmonise benefits between producers and consumers, Deputy Minister of Industry and Trade Đỗ Thắng Hải said. In mid-April, the Việt Nam Oil and Gas Group (PVN) urged relevant ministries to halt petrol and oil […]

15.05.2020

Vietnam now clear of community transmission of COVID-19

Vietnam is currently clear of any community transmission of COVID-19, Prime Minister Nguyen Xuan Phuc has affirmed, and this is an important condition for the country to attract investment and development resources. Hanoi (VNA) – Vietnam is currently clear of any community transmission of COVID-19, Prime Minister Nguyen Xuan Phuc has affirmed, and this is an […]

08.05.2020

Gov’t chief allows resumption of non-essential services

VGP  – Prime Minister Nguyen Xuan Phuc has decided to allow non-essential service establishments, except for discos and karaoke parlors, to resume operations but they have to maintain preventive measures. The decision was made the a meeting on COVID-19 prevention and control this morning after three weeks without new community transmission case of COVID-19. The […]

08.05.2020

Seventeen imported COVID-19 cases reported on May 7

Hanoi (VNA) – Vietnam recorded 17 imported COVID-19 cases on May 7, raising the total to 288 as of 6pm on the day. Except for the imported cases, there was no infection in the community for the 21st day. The new cases were among 297 Vietnamese citizens flown home from the United Arab Emirates on flight VN0088 on […]

08.05.2020

Vietnam records no new COVID-19 cases on May 8 morning

Vietnam recorded no new cases of COVID-19 on May 8 morning, marking 22 consecutive days without a single infection in the community. Hanoi (VNA) – Vietnam recorded no new cases of COVID-19 on May 8  morning, marking 22 consecutive days without a single infection in the community The announcement from the National Steering Committee for COVID 19 Prevention and […]

03.05.2020

British man tests positive for coronavirus

HÀ NỘI — A British national has tested positive for the coronavirus, taking the total amount of COVID-19 cases in Việt Nam to 271. The 37-year-old arrived in the country on April 28 onboard a private plane with 12 other passengers. He is an employee of the Vietnam Oil and Gas Group (Petrovietnam) and landed […]

29.04.2020

Viet Nam basically pushes back COVID-19 epidemic, PM Phuc says

VGP – Prime Minister Nguyen Xuan Phuc emphasized that Viet Nam has fundamentally pushed back COVID-19 epidemic while chairing a meeting on COVID-19 prevention and control this afternoon. The Government leader expressed his delight to see that Viet Nam has reported no new community-transmitted cases for the past 12 consecutive days. With 270 cases among 100 […]

28.04.2020

No new community-transmitted infections of COVID-19 in 11 consecutive days

VGP – Viet Nam has gone 11 consecutive days without community-transmitted infections of COVID-19, the National Steering Committee for COVID-19 Prevention and Control said Monday morning. The number of COVID-19 infection cases in the nation remains unchanged at 270, of whom 225 have recovered and no fatality has been reported. So far, 52,428 people, who […]

23.04.2020

No new COVID-19 case reported over last week

VGP – Viet Nam has gone a week without new a COVID-19 infection case, keeping the nation’s patient tally at 268, the Steering Committee for COVID-19 Prevention and Control said Thursday morning. Of the figure, 160 are imported cases, accounting for 29.7%. As many as 223 patients have been cleared of the virus and discharged […]

23.04.2020

Social distancing order to expire in Hanoi at midnight

HÀ NỘi — With agreement from the Government, Hà Nội’s administration announced that strict social distancing measures in place to curb the coronavirus would expire at midnight on Wednesday. With the restrictions lifted, many non-essential businesses in Hà Nội will be allowed to resume as long as they ensure proper hygiene practices for customers and workers, […]

21.04.2020

Apec Group Project “Zero Cost Happy Supermarket” Dispenses Hope to Vietnam’s Poor

HANOI, Vietnam, April 21, 2020 /PRNewswire/ — Amidst the center of COVID-19, a special supermarket system initiated by Apec Group has been opened across the country called “The Zero Cost Happy Supermarket” which provides essential goods to people from less well-off backgrounds to help them overcome the challenges they face in the fight against the COVID-19 epidemic. According to the organization […]

20.04.2020

Gov’t to gradually ease COVID-19 control measure in cautious manner

VGP – As the COVID-19 situation is getting better in Viet Nam, Prime Minister Nguyen Xuan Phuc said it is necessary to gradually loosen containment measures. The Government chief underlined the point at a meeting on COVID-19 prevention and control in Ha Noi on April 20. However, the decree of easing COVID-19 steps will only […]

20.04.2020

Oil Drops to 21-Year Low With Storage Filling as Demand Shrivels

Oil extended its slide, falling to the lowest in more than two decades, on concern the world is rapidly running out of places to store crude after output cuts proved insufficient to cope with plunging demand. Futures in New York fell 19% to less than $15 a barrel after losing almost a fifth of their value last […]

20.04.2020

Vietnam goes 3.5 days without new COVID-19 infection case

VGP – Viet Nam has gone 3.5 days without new COVID-19 infection cases, the Steering Committee for COVID-19 Prevention and Control reported minutes ago. This means the patient tally remains unchanged at 268, of whom 203 have recovered and exited hospitals. The current 65 patients are being treated at 11 medical facilities nationwide, including 43 at […]

17.04.2020

Idemitsu sees Japan’s oil products demand down 20% April-June

TOKYO (Reuters) – Japanese oil refiner Idemitsu Kosan expects Japan’s demand for oil products to fall by about 20% in the April-June quarter from a year earlier as measures to curb the coronavirus pandemic reduce jet fuel and gasoline use, its chairman said on Friday. “Overall demand for oil products in Japan is now seen […]

16.04.2020

Gov’t not to loosen entry restrictions until month end due to COVID-19

VGP – Entry restrictions will not be eased until April 30, according to the latest announcement released by the Government Office. Under the announcement, Prime Minister Nguyen Xuan Phuc has tasked the Ministry of Foreign Affairs, Ministry of National Defense and Ministry of Public Security to continue tightening entry control. The Government shall continue to […]

15.04.2020

12 high-risk localities to continue with social distancing measures for at least one week

Twelve localities deemed to have high risk of COVID-19 spread, including Hanoi and Ho Chi Minh City, will continue to implement social distancing measures under Directive 16 of the Prime Minister to April 22 or 30, or even longer, if infections continue to be detected. Hanoi, (VNA) – Twelve localities deemed to have high risk of COVID-19 spread, […]

15.04.2020

Thống nhất kiến nghị Thủ tướng về việc tiếp tục thực hiện ‘cách ly xã hội’

(Chinhphu.vn) – Trong cuộc họp sáng 15/4, Ban Chỉ đạo quốc gia phòng chống dịch bệnh viêm đường hô hấp cấp do chủng mới của virus Corona gây ra (COVID-19) đã bàn thảo và thống nhất kiến nghị Thủ tướng về việc tiếp tục thực hiện ‘cách ly xã hội’ để phòng, chống dịch bệnh. […]

13.04.2020

‘Rice ATM’ feeds Vietnam’s poor amid virus lockdown

HO CHI MINH CITY (Reuters) – A Vietnamese entrepreneur in Ho Chi Minh City has invented a 24/7 automatic dispensing machine providing free rice for people out of work following an ongoing nationwide lockdown to curb the spread of the novel coronavirus. Vietnam has reported 262 COVID-19 cases, and no deaths so far, but as […]

10.04.2020

Proposal to suspend petroleum imports

Vietnam Oil and Gas Group (PVN) has recently submitted their proposal to the Ministry of Industry and Trade, the Ministry of Finance and the Government Office on supporting domestic petroleum consumption by temporarily suspending petroleum imports. One of the most remarkable recommendations is that PVN expects ministries to consider issuing policies to minimize/ temporarily ban […]

02.04.2020

Briefed introduction to nationwide social distancing

VGP – The following is briefed introduction to 15-day nationwide social distancing regulations introduced by the Government to contain spread of the COVID-19. Source

02.04.2020

Gov’t elaborates on emergency package for COVID-19 affected ones

VGP – The Government elaborated on a package of measures to support millions of people and businesses affected by COVID-19 during the Cabinet meeting on Wednesday. The package, drafted by the Ministry of Planning and Investment, targets a range of beneficiaries for the next three months, making it the unprecedented package in the country. Specifically, over 1.13 million […]

01.04.2020

PM officially declares COVID-19 a national epidemic

VGP – Prime Minister Nguyen Xuan Phuc on April 1 officially declared COVID-19 a national epidemic as the infection cases rose to 212 in 25 provinces and cities across Viet Nam. Of the total infection cases, 196 have been confirmed since March 6, according to the Ministry of Health. As many as 63 cases have been […]

01.04.2020

Viet Nam not yet on lockdown: Government Office

HÀ NỘI — National-scale social distancing is not a lockdown and the Government is still in control of the COVID-19 pandemic, Mai Tiến Dũng, Minister and Chairman of the Government Office, said on Tuesday afternoon. The statement was made following Prime Minister Nguyễn Xuân Phúc’s urgent order on a wide range of stringent social distancing measures on […]

31.03.2020

Prime Minister’s Directive: National-scale social distancing from 0:00 April 1st

(Chinhphu.vn) – The Prime Minister has issued the Directive No. 16/CT-TTg to implement urgent solutions to prevent and deal with COVID-19 pandemic. Accordingly, making a full social isolation within 15 days since 0:00 of 1/4/2020 nationwide in accordance with principles of: family-isolated family, village-isolated village, commune-isolated commune, district-isolated district, province-isolated province; workshop and factory must […]

30.03.2020

PM agrees to declare COVID-19 outbreak as nationwide pandemic

VGP – Prime Minister Nguyen Xuan Phuc agreed to declare the COVID-19 outbreak as nationwide pandemic while presiding over a meeting on Monday afternoon. The Government chief demanded the highest focus from the whole political system as it is the “decisive” time in the fight against the pandemic. Phuc emphasized the importance of effectively containing the virus from […]

30.03.2020

Coronavirus: Oil price collapses to lowest level for 18 years

The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 (£18.19) a barrel at one point on Monday, its lowest level since November 2002. Meanwhile the price of US West Texas Intermediate (WTI) fell below $20 a barrel and […]

12.03.2020

Saudi Aramco partner with Fomula1

Aramco said the move was the energy giant’s first global sponsorship of a major sporting event. F1 added that Aramco will be title sponsors of the U.S., Spanish and Hungarian Grands Prix this season with trackside branding at most races. The oil and gas company will also feature in Formula One’s integrated digital platforms and […]

06.03.2020

Japan’s oil refiners keep running even as coronavirus curbs fuel sales

TOKYO (Reuters) – Sales of petroleum products are slumping in Japan as the coronavirus outbreak worsens in the world’s fourth-biggest importer of crude, but the country’s biggest refiners say they are not planning to cut production. Oil product sales, including gasoline and jet fuel, slumped more than a quarter last week, the most recent period […]

18.02.2020

Idemitsu participates in PowerSource First Bulacan Solar a solar power generation project in the Philippines

Idemitsu Kosan Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director and CEO: Shunichi Kito; hereinafter referred to as “Idemitsu”) announces Idemitsu’s participation in the large scale solar power generation project (Project name; PowerSource First Bulacan Solar, Scale;80,900kWp) in its pre-construction phase in the Province of Bulacan in the Philippines. Our first participation in a solar power […]

04.02.2020

Petrovietnam Partnership Meeting 2020

On the evening of 10th January 2020, in Ho Chi Minh city, Vietnam National Oil and Gas Group (Petrovietnam) held an annual meeting with the contractors, operators and foreign partners of Petrovietnam. Attending the program were representatives of the ministries, central branches; Petrovietnam was represented by Mr. Le Manh Hung, President and CEO; Mr. Phan […]

26.10.2019

Health screening for local people in Mai Lam, Tinh Hai Communes and Bac Yen Village

Due to economic development, hypertension, goiter and diabetes has become the most common health problems among adults. According to sharing of Endocrinology Hospital of Thanh Hoa, the prevalence of goiter remains high in Tinh Gia district especially coastal areas where local people prefer to use fish sauce and sea salt (non-iodized salt). If the above […]

10.07.2019

New President and CEO Le Manh Hung: “Join efforts for PVN’s development”

On 26th June 2019, the State Capital Management Committee at enterprise and Vietnam National Oil and Gas Group (PVN) announced the decisions to appoint Vice President Le Manh Hung as member of the Board of Directors, President and CEO of the Group. Attending the ceremony were Mr. Nguyen Hoang Anh – member of the Party […]

19.04.2016

Registration of a Petroleum Products Distribution Company,Idemitsu Q8 Petroleum LLC, in Vietnam

Idemitsu Kosan Co.,Ltd. (Head Office: Chiyoda‐ku, Tokyo, hereinafter “Idemitsu”) hereby announces that Idemitsu and Kuwait Petroleum International Ltd. (Head Office: Kuwait,hereinafter “KPI”) have applied for registration of a Joint Venture Company, Idemitsu Q8 Petroleum Limited Liability Company, with the purpose of distributing petroleum products in Vietnam. Idemitsu has been pushing ahead with the establishment of […]