Soco International Plc of the UK announced that it will delay its oil exploitation plan at Te Giac Trang (White Rhino) field until mid 2011, one year behind schedule. The Financial Times on March 10 quoted Ed Story, Soco’s president and CEO, saying his company has also decided to cancel its plan for exploration at [...]
PetroVietnam in talks to sell Dung Quat refinery stake
February 22, 2009 by Leave a Comment
State oil monopoly PetroVietnam is in talks with a number of foreign oil companies including Royal Dutch Shell, India’s Essar and South Korea’s SK Energy to upgrade and sell part of the country’s first refinery. The Ministry of Planning and Investment-run Dau Tu (Investment) newspaper quoted PetroVietnam chairman Dinh La Thang as saying the group [...]
First products of Dung Quat refinery hit market today
February 22, 2009 by Leave a Comment
The historic first step of Vietnam’s petrochemical industry will be celebrated tonight as the Dung Quat Oil Refinery in the central province of Quang Ngai officially releases its products into the market. The celebration, organized by the Vietnam Oil and Gas Corporation – Petrovietnam – will be aired live on Vietnam Television Station‘s VTV1 channel [...]
BP to supply crude oil to Vietnam’s Dung Quat refinery
February 17, 2009 by Leave a Comment
LOS ANGELES, Jan. 14 — BP PLC has signed an agreement with state-run Petrovietnam Oil Corp. and operator Binh Son Refinery Co. to supply oil to Vietnam’s 130,000-b/d Dung Quat refinery starting on Feb. 25. Petrovietnam will negotiate with BP over the purchase of as much as 70,000 b/d of crude, which will gradually replace [...]
Vietnam Cuts Offer for April-September Bach Ho Oil Exports
January 18, 2009 by Leave a Comment
PV Oil Co., Vietnam’s state-owned oil marketing company, cut its offer price for Bach Ho crude loading from April to September after buyers rejected the initial level, said traders who received the offer. PV Oil Co. reduced its offer to a premium of $5.03 a barrel over its benchmark from $5.16 a barrel, said two [...]
Petrovietnam seeks Dung Quat refinery partner
January 7, 2009 by Leave a Comment
LOS ANGELES, Jan. 6 — Petrovietnam plans to sell a 49% stake in its Dung Quat refinery, which is scheduled to go online in February (OGJ Online, Dec. 11, 2008). “Petrovietnam would appraise the refinery’s value and negotiate with foreign partners before selling the stake,” said Petrovietnam chairman Dinh La Thang. The Vietnamese firm, which [...]
Working with JGC Vietnam
December 14, 2008 by
JGC has open a new office in Ha Noi-Viet Nam They are looking for Process Engineer, Civil Engineer, Piping Engineer, InstrumentationEngineer, Electrical Engineer. Here are details JGC Corporation is a leading global engineering Japanese company. We have been involved in the construction of oil refineries, petrochemical plants, and large-scale gas processing plants all over the [...]