Indonesia aims to tender all 60 oil and gas working areas by 2027 to increase oil lifting and support energy security, said its Energy and Mineral Resources Minister Bahlil Lahadalia.

This year Petrovietnam has achieved significant growth, marking a key point in its recovery following an unprecedented crisis from late 2014 to 2019.

Prime Minister Pham Minh Chinh on October 31 called on Qatar to support Vietnam in the energy sector and maintain regular supply of crude oil and gas, especially liquefied natural gas (LNG) to ensure electricity supply.

Vietnamese Prime Minister Pham Minh Chinh hosted a reception in Riyadh, the capital city of Saudi Arabia, on October 29 afternoon (local time) for Amin Al-Nasser, President and CEO of Saudi Aramco, one of the world’s largest companies in both scale and revenue, with turnover reaching nearly 500 billion USD in 2023 and a total asset exceeding 660 billion USD.

Prime Minister Pham Minh Chinh received General Director Kudryashov Sergei Ivanovich of Russian oil and gas company Zarubezhneft in Kazan on October 23 (local time) as part of his working trip to Russia to attend the expanded BRICS Summit.

Indonesian President Joko Widodo on July 31 held a meeting with several ministers in Jakarta to discuss the acceleration of oil and gas production in the country.

Malaysia is set to expand its role in global natural gas trading as national oil and gas company Petroliam Nasional Bhd, or Petronas, expands its investments abroad.

Indonesia’s Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) will strive to achieve oil lifting production in 2024 so as not to be less than 600,000 BOPD amid challenges at the beginning of the year.

Russian oil and gas company Zarubezhneft JSC's cooperation and business projects in the fields of oil and gas, energy in Vietnam have made positive contributions to the special friendship and cooperative ties between Vietnam and Russia.

The Vietnam National Oil and Gas Group (Petrovietnam) recorded the highest revenue in October as compared to other months since the beginning of the year, helping the group operate in the black and accomplish assigned financial targets in 2023 to mid-November, said General Director of Petrovietnam Le Manh Hung.

Vietnamese offshore support vessel service provider Hai Duong Petroleum and Marine Corporation (Haduco) and Malaysia’s oil and gas marine service provider RMS Synergy Sdn Bhd (RMS) on May 11 signed a cooperation deal in Kuala Lumpur to form a joint venture between the two companies.

The Vietnam Oil and Gas Group (PetroVietnam) has made every effort to ensure electricity, gas and petroleum supplies in the context of market tension, affirming its pivotal role in the country's economy.

The Russia-Vietnam oil and gas joint venture (Vietsovpetro) has pumped up 500 million cubic metres of gas from Thien Ung field, which has been in operation since late 2016.

The Vietnam Oil and Gas Group (PVN) has announced it generated a total revenue of 365.5 trillion VND (15.8 billion USD) in the first half of this year, 18 percent higher than the six-month target and equivalent to 60 percent of the yearly goal.

A memorandum of understanding (MoU) on cooperation in researching in the field of liquefied natural gas (LNG) and gas in Vietnam was signed between the Vietnam National Petroleum Group (Petrolimex) and the JXTG Tsutomu Sugimori Group of Japan in Hanoi on July 1.

The Vietnam Oil and Gas Group (PetroVietnam) reported on December 10 that it has exploited over 11.31 million tonnes of crude oil, fulfilling this year’s target.

The benchmark VN-Index of the Ho Chi Minh Stock Exchange (HOSE) rose 3.35 points to close at 936.74 points on July 23.

The National Oil and Gas Group (PetroVietnam) has contributed 40.8 trillion VND (1.79 billion USD) to the State budget in the first five months of 2018, exceeding the plan by 32 percent and representing 55 percent of the yearly target.

By December 14, the Vietnam-Russia oil and gas exploration joint venture Vietsovpetro has earned over 1.89 billion USD, exceeding its target of 1.88 billion USD set for 2017.

The PetroVietnam Exploration and Production Corporation (PVEP) achieved all its 2017 goals by November 29, 32 days ahead of schedule.