In 2019, Vietsovpetro put two oil rigs into operation, meeting its target to expand exploitation areas.
Deputy Prime Minister Trịnh Đình Dũng highly evaluated proposals of co-operation in exploring and exploiting oil and gas made by President and CEO of the JX Nippon Oil & Gas Exploration Corp (JX NOEX) Hiroshi Hosoi during their meeting in Hà Nội on Wednesday.
Plans by oil and gas majors to spend US$4.9 trillion on fuel exploration are "poles apart" from the goal of the Paris climate deal to limit the global temperature rise, a new analysis showed on Tuesday.
The Việt Nam National Oil and Gas Group (PetroVietnam) has continued to affirm its role as one of leading economic groups in the country.
The Việt Nam Oil and Gas Group (PVN) has set targets of VNĐ612.2 trillion (US$26.3 billion) in total revenue and VNĐ31.3 trillion in after-tax profit for this year, according to the group.
Shares ended Thursday down as investors took stock of sudden slumps on global and Asian markets.
The ongoing exploitation of petroleum resources in Việt Nam threatens to outpace exploration of new sites, which could lead to a drop in the country’s oil and gas output.