With this new name, Petrovietnam reaffirms that it is no longer solely a traditional oil and gas enterprise. It now positions itself as a national hub for industrial development, service innovation, and energy security, and is committed to sustainable development, technological modernisation, and ensuring energy stability for the nation.
Vietnam is making significant strides toward transforming its energy sector by fostering a competitive and sustainable market to meet the nation’s socio-economic development demands.
Petrovietnam Renewable Energy Corporation (PV Power REC) have signed a cooperation agreement with PVA Energy Solutions and the Republic of Korea’s tech firm 60Hertz to enhance Vietnam’s renewable energy sector using advanced information technology (IT) and artificial intelligence (AI).
The Vietnam Oil and Gas Group (Petrovietnam) on September 23 signed Memoranda of Understanding (MOUs) with Kellogg Brown & Root (KBR) and GE Digital International LLC, a subsidiary company of GE Group, to advance digital transformation and develop sustainable green fuels.
The Vietnam Oil and Gas Group (Petrovietnam) has been able to master the world’s state-of-the-art technologies and now stands a chance to transform itself to become a national industry-energy group.
To the oil and gas sector and the Vietnam Oil and Gas Group (Petrovietnam), the Fourth Industrial Revolution is a big opportunity and also a considerable challenge. In this inevitable trend, promoting scientific - technological research and application along with digital transformation has become a key solution helping the industry and Petrovietnam surmount challenges, develop sustainably, guarantee national energy security, and contribute to national socio-economic development.
Conclusion 76-KL/TW has paved the way for the Vietnam Oil and Gas Group (Petrovietnam) to build strategies for offshore wind power development, contributing to promoting clean energy in Vietnam.
The Vietnam Oil and Gas Group (Petrovietnam) has achieved financial targets exceeding planned levels by between 34% and 92% in the first five months despite facing significant drops in its core product prices. This is attributable to its effective management of the market fluctuations.
The Vietnam Oil and Gas Group (Petrovietnam) on May 6 announced the discovery of two new oil and gas fields, Rong and Bunga Aster, which coincided with the 70th anniversary of the historic Dien Bien Phu Victory (May 7).
The Vietnam Oil and Gas Group (Petrovietnam) said it recorded growth in multiple production aspects in January compared to the previous month and the same period last year.
State President Vo Van Thuong visited the central drilling rig of the Cuu Long Joint Operating Company (Cuu Long JOC), offering New Year wishes to its officials and engineers representing the 60,000-strong staff in the oil and gas industry, in the southern province of Ba Ria-Vung Tau on January 26.
The Vietnam Oil and Gas Group (Petrovietnam) posted the highest revenue in October since the beginning of this year, reported its General Director Le Manh Hung at a recent monthly meeting.
Deputy Prime Minister Le Minh Khai has recently signed a decision approving the restructuring scheme of the Vietnam Oil and Gas Group (Petrovietnam) until the end of 2025.
Despite unprecedented challenges, the Vietnam Oil and Gas Group (Petrovietnam) has made relentless efforts to achieve its set goals in the first nine months of this year.
The Vietnam Oil and Gas Group (Petrovietnam) recovered 2.9 billion USD from overseas investments last year, topping State-owned enterprises (SoEs) in this regard, reported the Ministry of Finance (MoF).
The Vietnam Oil and Gas Group (Petrovietnam) is comprehensively implementing a series of solutions to maintain its output of oil and gas in the face of various challenges.
Forty-eight years since its establishment, the Vietnam Oil and Gas Group (Petrovietnam) has become a multi-billion-dollar enterprise and made breakthrough and comprehensive development strides.
As of late August, the Vietnam Oil and Gas Group (Petrovietnam) fulfilled its two important yearly targets of state budget contribution and before-tax profit ahead of schedule.
