Vietnam oil and gas industry overview
August 24th 2017 | Vietnam | Oil and gas | PetroVietnam PetroVietnam’s revenue tops forecast by 14% Vietnam’s national oil and gas producer produced 9.2m tonnes of oil in the first seven months of 2017, exceeding target. Oil and gas industry in Vietnam is currently a relatively young branch and cannot satisfy the demand in the country [3]. Insufficient number of qualified specialists obstructs the branch development. The country mainly exports crude oil and imports oil products for local demand. Report summary. Two key basins drive production but this will change - Vietnam has historically two core producing regions, the Cuu Long and Nam Con Son basins both located off the country's south coast. The Cuu Long Basin, located nearer to the shore, mostly oil-prone, contains the giant Bach Ho oilfield plus a number of other producing oilfields. Vietnam’s state-owned Vietnam Oil & Gas Corporation (PetroVietnam) intends to increase the crude distillation capacity and to develop Dung Quat’s ability to handle sweet and less expensive sour crude oil from Russia, the Middle East, and Venezuela. The refinery’s expansion, which adds 40,000 b/d by 2022, "Vietnam Midstream Oil and Gas Industry Outlook to 2022 - Market Forecasts for Oil Storage, Pipelines and Gas Processing", is a comprehensive report on midstream oil and gas industry in India. The report provides details such as name, type, operational status and operator for all active and planned (new build) oil storage terminals, major trunk Vietnam Oil and Gas Group (Petrovietnam or PVN), formerly Vietnam Oil and Gas General Department, was a state-owned corporation established since September 3rd, 1975. Petrovietnam is engaged in the energy sector, including oil and gas and renewable energy.
The oil and gas industry in Vietnam contributed 10 percent of the GDP in 2001 ( Statistical Additionally, interviews were conducted for further analysis.
The view for Vietnam's upstream sector remains divergent, with crude oil production expected to embark on a long-term decline, as natural gas production sees strong, consistent growth over the next decade, on the back of favourable policies and a robust projects pipeline. Vietnam oil and gas industry is witnessing active transformation during 2017 and 2018 driven by local and global industry dynamics. The country is planning to intensify its growth opportunities and attract new investments into domestic oil and gas sectors. China strong-arms Vietnam in the South China Sea (again) The reported suspension of another Vietnamese oil project highlights China's influence amid the lack of US leadership. Superblock to invest US$1.8m to set up wind farms in Vietnam. The wind farms will have a combined electricity generation capacity of 700 MW. August 24th 2017 | Vietnam | Oil and gas | PetroVietnam PetroVietnam’s revenue tops forecast by 14% Vietnam’s national oil and gas producer produced 9.2m tonnes of oil in the first seven months of 2017, exceeding target.
Vietnam oil and gas industry is witnessing active transformation during 2017 and 2018 driven by local and global industry dynamics. The country is planning to intensify its growth opportunities and attract new investments into domestic oil and gas sectors.
Global demand for energy is rising, spurred by world population growth and economic expansion. Consequently, the oil and gas industry is under pressure to 4 Mar 2020 Offshore Technology Vietnam – Oil and Gas Industry (OTV Expo 2020) is an important event, introducing and promoting new technical and 26 Jul 2018 Oil and gas exploration has been a key area of cooperation between India and Vietnam with Indian companies making significant investment in Vietnam's oil and gas industry remains heavily state-controlled. undertakings in the current low price environment has been much reduced (see analysis). 14 Jun 2018 Vietnam may reduce its dependence on refined petroleum imports, but it may struggle to increase crude oil production. Impacts. Hanoi will resist
Global Energy Perspective 2019: Reference Case. January 2019. Summary including oil and gas, automotive, renewable energy, and basic materials. sector, where the share of total demand drops to 33% from 41% Country. Coal and gas generation1. %. US California. US Northwest. Germany. Spain. Vietnam.
We are actively seeking new prospects and working to develop breakthrough technologies to ensure a sustainable future for the energy industry.
A quick overview of Vietnam oil and gas industry. Images. Vietnam's oil and gas industry is currently the country's biggest foreign currency earner and a major
18 Apr 2019 Abstract Over the past decade, Vietnam has emerged as one of the world's fastest Energy and energy security, of which fossil fuels (coal, oil, and gas) are the Section 6 is devoted to a sensitivity analysis of future energy demand across The structure of end‐use energy was 43% for industry, 23% for
4 Mar 2020 Offshore Technology Vietnam – Oil and Gas Industry (OTV Expo 2020) is an important event, introducing and promoting new technical and 26 Jul 2018 Oil and gas exploration has been a key area of cooperation between India and Vietnam with Indian companies making significant investment in Vietnam's oil and gas industry remains heavily state-controlled. undertakings in the current low price environment has been much reduced (see analysis).