Oil and gas resources

Oil refineries

Gov’t urged to install technical barriers to filter FDI projects

Consultants and experts have recommended that Vietnam take measures to prevent foreign-invested projects from using outdated technologies, causing pollution and consuming national resources. First, oil refineries. The projects licensed so far in the field have total capacity of up to 50-60 million tons. It is estimated ...

Why natural gas is a bridge fuel to nowhere

For decades, coal-fired power dominated the U.S. energy supply—and was a leading source of greenhouse gas emissions. But a combination of factors including cheap natural gas, stronger pollution controls, increasing investment in renewable power and improved energy efficiency have pushed coal’s share of the energy market ...

Red tide blamed for Thanh Hóa fish deaths

The blooming of algae, resulting in the red tide phenomenon, is the main cause behind mass fish deaths reported last week in central Thanh Hóa Province, the provincial People’s Committee said on September 11. Earlier last week, locals found about 300kg of dead fish washed ashore ...

Vietnam dealbook: Malaysia’s Mitra Energy, Thai Union strike M&As

Malaysia’s Southeast Asia-focused oil and gas group Mitra Energy has reached a sales and purchase agreement with Japan’s Teikoku Oil to acquire a 30 per cent interest in Vietnam’s oilfields in the Nam Con Son basin. Meanwhile, Songkla Canning, a wholly-owned subsidiary of Thai Union ...

More IPOs in oil and gas industry planned this year

There would be more auctions of shares from oil and gas companies in the second half of 2016 under the directives of the government on equitisation of state-owned firms. On July 15, Deputy Prime Minister Trinh Dinh Dung told the first half meeting of the PetroVietnam ...

Industry Ministry crushes Binh Son export aspirations

The Ministry of Industry and Trade has refused Binh Son Refining and Petrochemical Co. (BSR)’s proposal to export Dung Quat oil refinery’s products, according to newswire Vneconomy. According to the MoIT, the government put a high priority on consuming Dung Quat’s products on the domestic market, ...

PTTEP to bid for Bongkot gas field

PTT Exploration and Production said on 1 June that it would cooperate with its partners to bid for the Bongkot gas field that it is currently operates, but indicated that it might not contest for the other major gas block currently run by US oil giant ...

The fight for resources in Myanmar’s deep south

Tanintharyi Region, the southern tip of Myanmar, abounds with natural resources and the problems associated with them. Residents in the isolated region face over-mining by foreign companies, the proposed development of a deep-sea port, an oil refinery and a special economic zone, mechanised farming of rubber ...

Villages hope to get rich from Myanmar's oil rush

Once-quiet Myanmar villages have become oil boomtowns made out of bamboo and metal, and powered by generators. Speculators must pay both local authorities and the villagers whose land they want to drill on. And if they do strike oil, they better hope it’s not too ...

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