11/09/2014
Published 10 September 2014 Vietnam has begun construction of Vung Ro oil refinery and petrochemical project in Southern Phu Yen province, approximately 950km south of Hanoi. The project, which has an investment..
11/09/2014
According Petrolimex Singapore, the subsidiary of Petrolimex Vietnam, it succesfully deliveried the first crude oil cargo to Sri Lanka in the early September under 2014-2015 contract signed to the run-state Ceylon Petroleum Corporation (CPC). ..
10/09/2014
Prime Minister Nguyen Tan Dung and other former government officials gave orders to start construction on the Nghi Son refinery on October 23. Photo by Anh Vu Construction on Vietnam's second refinery s..
10/09/2014
The country's economic growth could end up at 5.6 or 5.7 per cent this year, lower than the target of 5.8 per cent, the National Financial Supervisory Committee (NFSC) warned in a report released yesterday. HA NOI (VNS) —The country's econom..
10/09/2014
The Government has increased the interval between two consecutive fuel price increases from at least 10 to at least 15 days. HA NOI (VNS)— The new decree on the petrol business, which contains the regulation and regulates fuel prices in line..
10/09/2014
The petrol price has fallen fourfold by a total of VND1,900 per litres but consumer goods remain unchanged, partly caused by higher transportation fees, Tin tuc (News) newspaper reported yesterday. HCM CITY (VNS) — Transport fees can account..
10/09/2014
Ethanol gasoline blend or bio gasoline E5 will be mandatorily used in seven provinces and cities of Vietnam from December and available nationwide from next year-end, according to a plan approved by the Prime Minister. The seven provinc..
10/09/2014
The Vietnam National Petroleum Group (Petrolimex) cut petrol prices by VND95-160 per liter since 6 p.m. on September 9 as per instruction from the Ministries of Finance and Industry and Trade Ron 92 gasoline price reduces VND30 per ..
10/09/2014
The Vung Ro Oil Co. Ltd. (VRP) began site leveling for construction of the Vung Ro Oil Refinery & Petrochemical project yesterday morning. Aquaculture cages in Vung Ro Bay of coa..
10/09/2014
VietnamEnergy - Vung Ro Petroleum Ltd. Co., a joint venture between the U.K.’s Technostar Management Limited and Russia’s Telloil Group, will start the construction of its $3.2-billion oil refinery project in Vietnam&rsquo..
10/09/2014
VietnamEnergy - According to Vietnam National Oil and Gas Group (PVN), the Premier Oil has officially open N3P well of the Dua Mine, 12W Lot, Vietnamese continental shelf, with an oil flow of about 3,500 barrels per day. Dua Mine (Coconut ..
10/09/2014
VietnamEnergy - PV Gas (PetroVietnam Gas Corporation) and Rosneft, Perenco - the two other owners of Nam Con Son pipeline project, signed the agreement on connection and service for "The gas delivery point number 2" (TSA). "T..
10/09/2014
NA Vice Chairman Uong Chu Luu (right) receives Chairman of the Kuwait-Vietnam Friendship Parliamentarians Group, Khalil Abdulla Ali. (Credit: VNA) Nhan Dan/VNA - National Assembly Vice Cha..
10/09/2014
Meeting between the Vietnamese and Indian audit delegations in New Delhi on September 8 (Credit: VNA) Nhan Dan Online – Auditor General of the State Audit Office of Vietnam, ..
10/09/2014
Deputy PM Pham Binh Minh (right) and Tatarstan President R.Minnikhanov (Source: VGP) Nhan Dan/ VNA – Deputy Prime Minister and Foreign Minister Pham Binh Minh called on the..
10/09/2014
Top Thai energy firm PTT said it would make a proposal to the Vietnamese government to build a $20 billion refinery and petrochemical complex, revised down from an earlier project discussed two years ago.State-controlled PTT will meet with Vietnam..
10/09/2014
Officials attend the groundbreaking ceremony for a US$3.2 billion petrochemical refinery complex in Phu Yen Province on September 9, 2014. Photo: VNA Work started Tuesday on a US$3.2 billion petrochemical refinery complex in the central prov..
10/09/2014
A delegation from the state-owned Vietnam Oil and Gas Group (PetroVietnam) and the Russian Ministry of Energy has met in Moscow and pledged to boost bilateral cooperation in oil and gas exploitation, Vietnam News Agency reported. Nguyen Xuan Son,..
10/09/2014
Australian LNG Contracts Under Pressure From U.S., Russia Supply By Ben Sharples Australian liquefied natural gas producers may face pressure to renegotiate long-term sales contracts amid a flood of low-cost supply into Asia, according to former B..
09/09/2014
EU officials fail to reach full agreement on new Russian sanctions EU officials have called a fresh meeting Monday on imposing new sanctions against Moscow after failing to get full agreement for the measures as expected, sources were quoted a..
05/09/2014
China’s Unipec’s ULCC hire likely to store crude in Singapore Chinese oil major Unipec has provisionally hired an ultra large crude Carrier possibly to store crude around Singapore, market participants said Thursday. The 442,000-..
03/09/2014
Russia’s Lukoil to cut 2015 investment by $2 bil on market uncertainty Russia’s second-largest oil producer, Lukoil, is aiming to reduce its investment program due to uncertainties on the capital markets, sparked by recent western sancti..
28/08/2014
Sep Basrah Light nominations up 117,000 b/d to 2.307 million b/d from Aug Basrah Light crude oil nominations, to lift in September, was put at 2.307 million b/d, up 117,000 b/d from the August nominations, according to the latest loading schedule ob..
27/08/2014
Nexen’s Buzzard temporarily restarted, demobilization of rig ongoing The UK’s Buzzard oil field in the North Sea temporarily restarted production late Monday, operator Nexen said in a statement Tuesday, before being shut down again to al..
26/08/2014
US EIA boosts estimates of Mexican long-term oil production on reform The US Energy Information Administration on Monday boosted its long-term projection of Mexican oil production by 75%, saying that reforms to the country’s energy sector wo..
25/08/2014
Hedge Fund Crude Bets Tumble Amid Surging Global Supply By Mark Shenk Aug 25, 2014 6:01 AM GMT+0700 Speculators are the least bullish on U.S. crude oil prices in 16 months as refinery maintenance weakens demand at a time when Libya and Iraq are swe..
22/08/2014
OPEC oil exports to rise by 40,000 b/d in four weeks to September 6 OPEC crude exports, excluding those from Angola and Ecuador, are expected to average 23.43 million b/d over the four weeks to September 6, up 40,000 b/d from the previous four-week ..
21/08/2014
Ghana Expects Hess Offshore Oil Field to Join Project Lineup By Ekow Dontoh Aug 20 Ghana, the nation seeking to increase its oil output fivefold in the next decade, expects an offshore development by Hess Corp. (HES) to join the nation&rsquo..
20/08/2014
Oil prices mixed in Asia Singapore - Oil prices were mixed in Asia Wednesday as investors await the release of US Federal Reserve minutes from its July meeting, while keeping an eye on the latest stockpiles data. US benchmark West Texas Interme..
19/08/2014
San Francisco Gets Fuel From Los Angeles as Gap Widens By Lynn Doan Aug 19, 2014 5:01 AM GMT+0700 Spot gasoline in San Francisco at the highest premium to Los Angeles in two weeks has opened an arbitrage for fuel to flow north. Spot California-ble..
18/08/2014
Total provisional Sep 1-6 Urals exports up 538,635 b/d on Aug at 2,225,635 b/d Loadings of Urals crude out of the Baltic Sea ports of Primorsk and Ust-Luga and the Black Sea port of Novorossiisk in the first six days of September are set to jump by ..
14/08/2014
Brazil’s oil production to reach record high in 2014 Oil and gas analysts Rystad Energy have predicted that 2014 will be a changing year for Brazil’s oil production, forecasting that it will reach a record-high of 2.2 million bpd. This..
13/08/2014
Weakest Oil Demand Growth Since ’12 Allays Supply Risk, IEA Says By Grant Smith Aug 12, 2014 3:00 PM GMT+0700 Global oil demand growth eased to its weakest since 2012 last quarter, calming world markets amid threats to supplies in the Middle ..
12/08/2014
US condensate splitter plans move forward, but uncertainty remains Pricey condensate splitter plans appear to be on track despite recent US rulings expected to create a surge in exports of condensate, which needs to be processed, but not through s..
11/08/2014
Offshore Fracking On The Rise In Gulf Of Mexico By International Business Times | Commodities | Aug 07, 2014 02:57PM GMT | 1 Comment By Maria Gallucci - Global oil and gas firms are increasingly turning to ..
08/08/2014
Crude Oil Ends Higher On Russian Action U.S. crude oil ended higher Thursday, on deepening tensions between Russia and the West over Ukraine and on some upbeat economic data from the U.S. with first-time claims for U.S. unemployment benefits..
07/08/2014
Dirtiest Fuel Threatens 700-Year-Old Villages in Europe By Marek Strzelecki and Maciej Martewicz Aug 6, 2014 9:58 PM GMT+0700 July 31 (Bloomberg) -- Kevin Sara, Chief Executive Officer at Nur Energie, talks with Guy Johnson about the technology beh..
06/08/2014
Kurdish Pipeline Exports Unaffected by Iraq Turmoil By Anna Hirtenstein Aug 5, 2014 11:14 PM GMT+0700 The largest oil producer in Iraqi Kurdistan is confident that the region will maintain independent pipeline exports unimpeded by the violence and ..
05/08/2014
Pioneer plans monthly US condensate exports through year-end Pioneer Natural Resources plans monthly exports of US condensate through the end of the year, the company said Monday. “Our first cargo was shipped in late July and monthly shipm..
05/08/2014
Fire at Petrochina's Lanzhou refinery after leak Source: Reuters SHANGHAI, Aug 4 (Reuters) - Firemen are fighting a blaze at PetroChina's subsidiary refinery and petrochemical plant in northwest China, company officials said on Monday. The fire t..
01/08/2014
Fifth tanker of oil from Iraqi Kurdistan loading in Turkey ISTANBUL,— The fifth cargo of crude oil from Iraqi Kurdistan was loading at Turkey's Mediterranean port of Ceyhan on Thursday and was scheduled to set sail on Friday, Turkish en..
31/07/2014
ExxonMobil restarts souther portion of Pegasus crude line ExxonMobil restarted the southern portion of its Pegasus crude pipeline July 9, a company spokesman said Wednesday. The 96,000 b/d Pegasus line, which runs from Patoka, Illinois, to Corsica..
30/07/2014
Iran sees drop-off in oil companies seeking to deal Fewer oil companies are courting deals with Iran ahead of a comprehensive nuclear pact that would open the country up to business, a senior Obama administration official said Tuesday, attribu..
29/07/2014
Iraq Sues to Seize $100 Million of Kurdish Crude in Texas By Laurel Brubaker Calkins and Dan Murtaugh Jul 29, 2014 7:56 AM GMT+0700 The Iraqi Oil Ministry is seeking a court order to seize more than $100 million of oil waiting to offload in Galvest..
25/07/2014
Eagle Ford crude, condensate shipments through Corpus Christi up in June Outbound shipments of Eagle Ford Shale crude and condensate through the Port of Corpus Christi rose to 551,934 b/d in June from 341,824 b/d in June 2013, the most recent data r..
24/07/2014
Are Civilian Flights Over War Zones Safe? By Claude Salhani | Wed, 23 July 2014 21:39 | 0 Benefit From the Latest Energy Trends and Investment Opportunities before the mainstream media and investing public are aware they even exist. The Free Oilpri..
23/07/2014
Libyan freight risk premium pushes up Med crude shipping costs: sources Aframax freight rates on the Cross-Mediterranean and the Black Sea to Med voyages, basis 80,000 mt, hit seven-month highs Monday on more bullish sentiment due to uncertainty in ..
22/07/2014
Iran’s oil exports are at highest level in two years Iran’s oil exports will remain near the highest level in two years as talks with six global powers over the Persian Gulf state’s nuclear program are extended for four more months..
22/07/2014
Putin Pressured, U.S. Says Missile From Russia Downed Jet By Volodymyr Verbyany and Denis Kazansky Jul 21, 2014 9:46 AM GMT+0700 Russian President Vladimir Putin is facing intensified international pressure to respond to U.S. and Ukrainian c..
18/07/2014
API: US petroleum demand up in June, second quarter HOUSTON, July 17 07/17/2014 By OGJ editors Total US petroleum deliveries, a measure of demand, rose 1.5% in June vs. a year ago to average just above 19 million b/d, according to the American Pe..
17/07/2014
US crude stocks fell 7.5 million barrels last week on run rate surge: EIA US crude stocks plunged a larger-than-expected 7.5 million barrels last week to 375 million barrels as refinery run rates climbed, data from the Energy Information Administrat..
16/07/2014
Tight oil production outside North America to grow rapidly US tight oil production is expected to reach 4 million b/d by the end of the year, making up the bulk of global supply, but the tight oil trend will move beyond North America rapidly i..
15/07/2014
Iran, Russia plan to establish joint gas committee [ 14 July 2014 20:35 ] Baku-APA. Iran and Russia plan to enhance cooperation in the field of natural gas by establishing a joint committee, APA reports quoting Press TV. The committee will overse..
14/07/2014
KRG says Kirkuk takeover due to planned sabotage by Baghdad The Kurdistan Regional Government said Friday it has taken over control of the Kirkuk and Bai Hassan oil fields in northern Iraq in an attempt to thwart “politically motivated s..
11/07/2014
Kenya conflicts raise questions for foreign investors Kenyan government officials assured US investors this week that the country is safe for business and investment despite a string of terror attacks that threatens to undermine key infr..
10/07/2014
Libya’s Sharara oil field restarted late Tuesday: source The major Sharara oil field in the southwest of Libya restarted production late Tuesday, but output is not expected to ramp up quickly given how long the field was shut in, an indu..
09/07/2014
India pays $550 million in oil dues to Iran: report India paid a second instalment of $550 million in oil dues to Iran, under an interim deal that has allowed Tehran access to $4.2 billion in blocked funds globally, two industry sources said.Asian..
08/07/2014
US to Start Supplying Shale Gas to Chile in 2015 MEXICO CITY, July 8 (RIA Novosti) - Next year the US will begin deliveries of shale gas to Chile, the Chilean newspaper La Segunda reported, citing the country's energy minister. "The first port, w..
07/07/2014
U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia By Grant Smith Jul 4, 2014 10:56 PM GMT+0700 The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy fr..