News
News

News

Updates, stories and category highlights from Petrovietnam.

Petrovietnam Partners with the International Community to Seek Innovative Solutions for an Efficient and Sustainable Energy Transition 21/04/2025

Petrovietnam Partners with the International Community to Seek Innovative Solutions for an Efficient and Sustainable Energy Transition

Amid Vietnam’s dynamic era of national advancement, the Vietnam National Industry - Energy Group (Petrovietnam), as a key enterprise in the national energy sector, recognizes that energy transition is not only a responsibility but also a strategic opportunity to innovate, enhance efficiency, and fulfill environmental commitments. In this spirit, Petrovietnam continues to collaborate with the international community to explore innovative pathways toward a more efficient and sustainable energy future.

Petrovietnam: Affirming Its Leadership in the National Industrial and Energy Sector 14/04/2025

Petrovietnam: Affirming Its Leadership in the National Industrial and Energy Sector

On April 9, 2025, the Vietnam Oil and Gas Group officially adopted a new name—Vietnam National Industry - Energy Group (Petrovietnam)—marking a major milestone in its development strategy. This change not only reflects a strong transformation in the Group’s direction but also demonstrates the profound trust and expectations that the Party and the State place in Petrovietnam, especially as the nation enters a new era.

PM3 CAA Block: A Symbol of International Partnership for Peace and Sustainable Development 10/04/2025

PM3 CAA Block: A Symbol of International Partnership for Peace and Sustainable Development

In the context of Vietnam–Malaysia relations being elevated to a Comprehensive Strategic Partnership in 2024, the Vietnam National Industry – Energy Group (Petrovietnam) and the National Oil and Gas Company of Malaysia (Petronas) continue to affirm their pioneering role in bilateral cooperation, particularly in the energy sector, with the extension of the Production Sharing Contract (PSC) at the PM3 CAA Block.

​​​​​​​PM3 CAA: A Vital Energy Source Breathing New Life into Vietnam’s Southernmost Region 08/04/2025

​​​​​​​PM3 CAA: A Vital Energy Source Breathing New Life into Vietnam’s Southernmost Region

More than 30 years after the commercial exploitation agreement between Vietnam and Malaysia was signed for the PM3 block, natural gas from the PM3 Commercial Arrangement Area (CAA) has been brought ashore and effectively utilized to boost Vietnam’s socio-economic development. It has invigorated the southernmost region of the country and contributed significantly to the growth of the Mekong Delta.

​​​​​​​Petrovietnam Implements Key Provisions of the 2022 Petroleum Law 02/04/2025

​​​​​​​Petrovietnam Implements Key Provisions of the 2022 Petroleum Law

In accordance with the 2022 Petroleum Law (effective from July 1, 2023) and with government approval, on March 31, 2025, Petrovietnam signed a Petroleum Sharing Contract (PSC) for Block 15-2 in the Cuu Long Basin. The contract was signed in collaboration with the contractor consortium, including Japan Vietnam Petroleum Company Limited (JVPC)—a wholly owned subsidiary of ENEOS Xplora, Japan—and Petrovietnam Exploration Production Corporation (PVEP).

PV Drilling 11 completes its pioneering mission 31/03/2025

PV Drilling 11 completes its pioneering mission

The land rig PV DRILLING 11 has spent 17 years pioneering its way to the ocean and achieving numerous successes in the North African market, making a significant contribution to actualizing the vision of “Becoming a reliable and reputable oil and gas drilling contractor and technical service provider worldwide”. Currently, the PV DRILLING 11 has successfully completed its mission and concluded its pioneering journey.