(VEN) - A high-ranking National Assembly delegation met on August 30 with heads of the country’s oil and gas sector to discuss possible amendments to relevant laws that would facilitate the operations of oil and gas companies and enable their fair competition. The National Assembly Economic Committee delegation visits a port operated by PTSC The delegation of the National Assembly (NA) Economic Committee first toured Vietsovpetro’s Central Technology Platform No.3 and the ports operated by the PetroVietnam Technical Services Corporation (PTSC) and the Petroleum Equipment Assembly and Metal Structure Joint Stock Company (PVC-MS). Lawmakers then met with Vietnam National Oil and Gas Group (PVN) member units to review implementation of Politburo Resolution 41-NQ/TW on the strategy for the Vietnamese oil and gas sector until 2025, with a vision towards 2035. Members of the delegation include Nguyen Duc Kien, Deputy Head of the NA Economic Committee, Le … [Read more...] about Lawmakers meet with heads of oil, gas sector
Rotational jobs oil gas industry
PVEP: Leading position in oil, gas exploration and exploitation
(VEN) - In the development of the Vietnamese oil and gas industry, the PetroVietnam Exploration Production Corporation (PVEP) is a key unit of the Vietnam Oil and Gas Group (PetroVietnam) in oil and gas exploration and exploitation. On November 27, 1961, the Oil Exploration Expedition (Expedition 36) was established, marking a historic milestone for a period of organized oil and gas exploration and exploitation in the Democratic Republic of Vietnam (Later, the prime minister approved the 27th of November to be the traditional day of the Vietnamese oil and gas industry). Oil and gas exploration and exploitation has officially started. To promote oil and gas exploration and exploitation, the Vietnam Oil and Gas General Department was established on September 3, 1975. At the beginning of 1977, the state approved the form and object of cooperation to carry out negotiations on a number of oil and gas lots with foreign partners who wish to invest in Vietnam. In order to comply with … [Read more...] about PVEP: Leading position in oil, gas exploration and exploitation
Producers of oil & gas firms see drop in profits, but distributors’ earnings rise
VietNamNet Bridge - The oil price fluctuations have had a big impact on the business performance of Vietnam’s oil and gas firms. While miners and producers have unsatisfactory business results, distributors have made make fat profits. PV Drilling, which does most of the oil field drilling for PetroVietnam, incurred the loss of VND300 billion in the first half of 2018. PV Drilling’s chair Do Van Khanh said PVD's revenue is composed of unit price multiplied by the number of operation days and the number of drilling rigs. US$1=VND22,000 RELATED NEWS Experts warn about depletion of Vietnam’s largest oil field Oil & gas loses the ‘throne’ as the biggest export item Kim Nam … [Read more...] about Producers of oil & gas firms see drop in profits, but distributors’ earnings rise
Large-cap, oil & gas stocks boost VN-Index
An investor views share prices on electronic boards at Tan Viet Securities Company (Photo: VNA) Hanoi (VNA) – VN-Index rose sharply on May 14, driven by large-cap stocks and oil & gas shares, despite low liquidity and foreign investors’ continued net selling. On the Ho Chi Minh Stock Exchange (HOSE), VN-Index increased by 22.13 points to 1,066.98 points when 171 codes saw price hikes, 122 codes experienced declines and 45 others stayed unchanged. HNX Index on the Hanoi Stock Exchange (HNX) inched up 0.51 point to 123.28 points with 95 codes rising, 72 others falling and the remaining 50 unchanged. In the VN30 basket, measuring the 30 largest stocks by market capitalisation on the HOSE, up to 25 stocks witnessed price increases while only two stocks dropped. [Net sells by foreign investors not a worry: analysts] Oil and gas shares fluctuated in line with global oil prices in the beginning of the week when such stocks as PLX, BSR, POW, PVB, PVS, PVC and PVD ended in … [Read more...] about Large-cap, oil & gas stocks boost VN-Index
Multiple bank CEOs rotate jobs due to lack of qualified candidates
CEOs have rotated between the leading positions of major banks in Vietnam due to the lack of qualified candidates. Last week, An Binh Bank (ABBank) welcomed Duong Thi Mai Hoa to be the new CEO. The lady previously worked as the CEO of Vietnam International Commercial Joint Stock Bank (VIB Bank) and the General Director of Commercial Banks of the Maritime Bank. In March, the board of Nam A Bank approved the resignation of CEO Luong Thi Cam Tu for her “personal reasons.” But by the end of the month, the lady was appointed to be a member in the administrative board of Vietnam Export Import Commercial Joint Stock Bank (Eximbank), where Nam A Bank is currently holding over 20 percent of shares. Just a month before that, Southeast Asia Commercial Joint Stock Bank (SeABank) allowed Nguyen Canh Vinh to resign from the CEO position after only 5 months of sitting on the chair. Vinh previously worked as the deputy general director of Vietnam Technological and Commercial Joint Stock … [Read more...] about Multiple bank CEOs rotate jobs due to lack of qualified candidates