Vietnam, Sembcorp in Subsea Power Cable, Offshore Wind Collab
line between the two countries, the Vietnamese government said on Friday. The announcement was made after a meeting between Prime Minister Pham Minh Chinh and Semcorp deputy chairman Tow Heng Tan in Singapore earlier in the day. Sembcorp Utilities and a unit of Vietnam's state oil firm PetroVietnam on Friday also reached an agreement to develop offshore wind projects to export electricity to Singapore, the government said in a statement, without elaborating. In a separate statement, PetroVietnam said the agreement would pave the way for the companies to develop wind farms with a combined
SMD to Supply ROV for Petrovietnam Subsidiary
U.K.-based Soil Machine Dynamics Limited (SMD) said it has won a multimillion-dollar contract to supply a medium-sized work class remotely operated underwater vehicle (ROV) to PTSC GEOS & SUBSEA SERVICES CO., LTD., (PTSC G&S), a subsidiary of Petrovietnam Technical Services Corporation (PTSC). The Quasar is the second of its kind to be ordered by PTSC G&S, nearly a decade after the first ROV was purchased.The Quasar II ROV is capable of survey, construction and drill support operations. Due for delivery in February 2021, the ROV it will work alongside the existing SMD ROV, performing a
Gazprom, PetroVietnam to Drill First Well in Offshore Vietnam
Gazprom and PetroVietnam are ready to drill the first deep-water well offshore Vietnam this year. At a meeting at the Gazprom headquarters today between Alexey Miller, Chairman of the Company’s Management Committee and Nguyen Xuan Son, Chairman of the PetroVietnam National Oil and Gas Group Board of Directors the main issues of the bilateral cooperation in hydrocarbon development, particularly the joint activities in blocks Nos. 129–132 in the continental shelf of Vietnam were discussed. The geological and geophysical data that was processed and hydrologic studies completed at
Sapurakencana Wins 3 Petronas Oil blocks
South Vietnam. This acquisition adds to the Group’s reserves and resource base and increases its oil production to balance the natural decline from currently producing assets. “We look forward to enhancing our existing ties with the Government of the Socialist Republic of Vietnam, PetroVietnam, PetroVietnam Exploration and Production and our other PSC partners to realise the full potential of the fields. The attractive Vietnamese production sharing fiscal regime and the setting within a prolific hydrocarbon region provide us an exciting opportunity for growth in Vietnam,” said
Rosneft, Petrovietnam to Jointly Work in Pechora Sea
Rosneft, Russia's top oil producer, said on Friday it had agreed to set up a joint venture with Vietnamese state energy firm Petrovietnam to develop two shelf blocks in the Pechora Sea in the Arctic off northwest Russia. Rosneft will get a 66.67-percent stake in the joint venture, it added in a statement. First memorandum of understanding on joint hydrocarbons exploration in the Pechora Sea was signed in November of last year. (Reporting by Olesya Astakhova; Writing by Polina Devitt; Editing by Lidia Kelly)
Eni, PetroVietnam Ink Offshore Exploration Contract
Eni said on Thursday it had signed a new offshore exploration contract with PetroVietnam as the Italian oil and gas group moves to strengthen its presence in Vietnam. Eni said it had signed a Product Sharing Contract with state-owned PetroVietnam for exploration in the Phu Khanh Basin which will last 7 years. Asia represents a new frontier area for Eni which currently produces more than half its oil and gas output in Africa. (Reporting by Stephen Jewkes)
China Optimistic of Finding Gas off Vietnam
deep into the heart of maritime Southeast Asia. Soon after Exxon made its announcement about Block 118 in 2011, China warned foreign energy companies against exploration in disputed areas. It did not name Exxon. No production had taken place in Blocks 118 and 119, Do Van Khanh, head of state-run PetroVietnam Exploration Production Corporation, told Reuters. He declined to discuss the rig. In a statement, Exxon said it was in talks with Vietnamese authorities about the feasibility of developing central Vietnam's natural gas resources. It did not respond to questions about the possible impact from
London Offshore Consultants Open Vietnam Office
advice on new technologies, assessing viability of proposed operations, approving such operations, and monitoring their execution. Investigating operational problems is also covered by LOC’s remit. LOC’s client profile in Vietnam is oil majors including the national oil company, PetroVietnam, and its various arms, and international and national offshore contractors working in Vietnam. These include both domestic underwriters and the international insurance market, particularly those insuring either the oil major or the project contractor. LOC Vietnam is wholly owned by the
February 2025
