General Secretary and President Tô Lâm (centre, second row) witnesses the signing of the cooperation agreement between Petrovietnam and Kellogg Brown & Root. — Photo courtesy of Petrovietnam

NEW YORK — The Việt Nam Oil and Gas Group (Petrovietnam) on Monday (local time) signed Memoranda of Understanding (MOUs) with Kellogg Brown & Root (KBR) and GE Digital International LLC (a subsidiary of GE Group) to advance digital transformation and develop sustainable green fuels.

The signing ceremony, attended by Party General Secretary and President Tô Lâm, took place in New York during a business roundtable hosted by US organisations, coinciding with his participation in the 79th United Nations General Assembly and official meetings in the US.

Petrovietnam Chairman, Lê Mạnh Hùng, joined the delegation and participated in the roundtable, where the focus was on strengthening Việt Nam-US cooperation.

At the event, Petrovietnam and KBR signed an MOU to boost cooperation in green technologies and the development of sustainable fuels, particularly Sustainable Aviation Fuel (SAF). The agreement aims to deepen the relationship between the two companies by exploring technical and advanced technological solutions and opening investment opportunities in green, sustainable energy such as SAF, green hydrogen, and green ammonia in the future.

The partnership with KBR marks a strategic step for Petrovietnam, providing access to cutting-edge technologies and technical solutions for energy transition and carbon reduction. This will enable Petrovietnam to expand its investments in new energy and sustainable fuel projects, contributing to both Việt Nam’s and global efforts to reduce carbon emissions.

Additionally, Petrovietnam signed an MOU with GE Digital International LLC under GE Vernova to develop digital transformation solutions in the electricity and oil and gas sectors. This collaboration represents a breakthrough in the application of advanced digital technology to two key sectors of Việt Nam’s economy.

General Secretary and President Tô Lâm (centre, second row) witnesses the signing of the cooperation agreement between Petrovietnam and GE Digital International LLC. — Photo courtesy of Petrovietnam

The signing also signifies the strong and long-standing partnership between Petrovietnam and GE Digital International LLC, which have previously worked together on major projects such as the Nhơn Trạch 1, Nhơn Trạch 3&4, Sông Hậu 1, Long Phú 1, and Vũng Áng power plants.

These projects have played a crucial role in ensuring stable energy supply for Việt Nam’s economy. GE Digital, with its extensive customer base in over 75 countries, reaffirms its commitment to bringing advanced technology and best practices to Petrovietnam.

The new MOU between Petrovietnam and GE Vernova continues this commitment, focusing on developing sustainable and innovative solutions in the power and oil and gas industries, helping Petrovietnam seize new opportunities in the global energy transition.

At the same event, the Việt Nam Petroleum Technical Services Corporation (PTSC), a subsidiary of Petrovietnam, and Excelerate Energy also exchanged a cooperation agreement in the liquefied natural gas (LNG) sector. — VNS