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Ca Mau gas, power, fertilizer complex inaugurated

VIR, Oct 27, 2012. The Vietnam Oil and Gas Group (PetroVietnam) held a ceremony to inaugurate the Ca Mau gas, power and fertilizer complex in Khanh An Commune, U Minh District, in the southernmost province of Ca Mau, on October 26.

Addressing the function, PetroVietnam’s General Director Do Van Hau stressed that the inauguration of the complex has great effects on the southwestern region and the whole country, making important contribution to realizing socio-economic development goals and ensuring social security in the Mekong Delta in general and Ca Mau province in particular.

It has also attracted and developed trade, services, engineering, material supply and created jobs for thousands of workers, Hau said, estimating that the industrial complex would contribute over 1 trillion VND to the province’s budget.

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ConocoPhillips to Exit Vietnam, Sell Assets for $ 1.29 billion

ConocoPhillips (COP), the third-largest U.S. oil company, agreed to sell its Vietnam operations for $ 1.29 billion to Perenco SA, exiting the country after more than 15 years.

Closely held Perenco, based in Paris, produces oil and natural gas from basins in Brazil, Peru, Iraq, Australia and North Sea, according to its website.

Under the agreements signed with a unit of privately owned Perenco, Conoco would sell its three wholly owned subsidiaries that own stakes in two offshore blocks and 16.3 percent interest in the Nam Con Son Pipeline.

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China issues fresh warning regarding exploration in South China Sea

Singapore (Platts). Nov 1, 2011. China has issued yet another warning to another oil company regarding oil and gas exploration activities in the disputed South China Sea—this time directed at US oil major ExxonMobil.

“Any foreign company shall not engage in oil and gas activities in waters under Chinese jurisdiction. This position is clear and consistent,” Chinese foreign ministry spokesman Hong Lei said at a regular briefing on Monday.

Late last week, ExxonMobil announced that it had discovered hydrocarbons in August in a well drilled off the coast of central Vietnam.

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Petrovietnam bids for ConocoPhillips’ Vietnam assets

HANOI, Oct 31, 2011 (Reuters) – State oil and gas group Petrovietnam has bid for $ 1.5 billion of ConocoPhillips oil assets in the South China Sea, a senior Petrovietnam official said, its first formal move for the stakes in the disputed waters.

The Hanoi-based group plans to do its utmost to acquire the assets, Nguyen Tien Dung, Petrovietnam’s Deputy Chief Executive Officer, told Reuters on Monday.

“The investment is in our country, so we are determined, with our largest possible efforts, to buy,” Dung said.

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Exxon Makes Find off Vietnam’s central coast

HOUSTON, Oct 25, 2011. Exxon Mobil Corp. said it found oil and gas off Vietnam’s central coast, raising hopes that the South Asian nation will be able to reverse a decline in fossil-fuel production and exports.

Exxon said it drilled its second exploratory well off the coast of Danang City in August and found hydrocarbons. A company spokesman said Tuesday that data from the well, located in an area known as Block 119, are being analyzed.

Exxon’s discovery is important for Vietnam, which is trying to boost its oil and gas production as the country’s aging fields fail to meet growing domestic demand. Vietnam, a net oil exporter and the third-largest oil producer in South Asia, started awarding exploration rights in 2004 to companies from the U.S., Canada and India.

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ONGC Videsh signs pact with PetroVietnam

Oct 12, 2011. NEW DELHI – ONGC Videsh Ltd. Wednesday said it has signed a three-year pact with PetroVietnam for long-term cooperation in the oil and gas industry as it seeks to increase investments in Vietnam for exploration and production.

Both state-run companies will explore investments in the petroleum sector, exchange information on the oil and gas industry and expand exploration and production operations including refining, transportation and supply in Vietnam, India and other countries, ONGC Videsh said in a statement.

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ONGC signs pact with PetroVietnam, Oct 12, 2011

Vietnam, India Stand Firm, Oct 12, 2011. In an interview with the Press Trust of India before leaving Vietnam Tuesday, Mr. Sang said, “all cooperation projects between Vietnam and other partners, including ONGC, in the field of oil and gas are located on the continental shelf within the exclusive economic zone and under the sovereign rights and jurisdiction of Vietnam.” These comments and Mr. Sang’s decision to visit India soon after becoming president in July are meant to underline an alliance of growing importance to New Delhi and Hanoi.

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India, Vietnam Set to Go Ahead with South China Sea JV

Sept. 29 – Dismissing China’s recent comments strongly condemning Vietnam and India for planning oil and gas exploration in the disputed South China Sea region, India’s state-run oil firm ONGC Videsh Ltd. has said it would go ahead with its planned operations in the region.

“Energy security is among our top priorities. ONGC Videsh Ltd. has been there in Vietnam for the past 10 years. Now it is planning to sign an MoU for strategic cooperation to take the ties with Petro Vietnam forward,” said an Indian official.

Apparently, India has determined to “intervene” in this region and Vietnam, which is a claimant to part of the disputed territory, is willing to take India’s side.

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Vietnam electric power to be disrupted by gas field maintenance

HANOI, Aug 25 (Reuters) – Vietnam will halt gas supply for 10 days next month to two power plants with a combined capacity of about a quarter of the country’s total due to planned maintenance at the Nam Con Son field, an official at state-owned Petrovietnam said on Thursday.

The company plans to run the Nhon Trach and Phu My power plants by domestically produced diesel during the Sept. 15-24 shutdown, producing up to 3,000 megawatts, depending on demand, said Nguyen Tien Vinh, director of Petrovietnam’s power department.

The two plants have combined capacity of 5,000 megawatts. Vietnam Electricity (EVN), the country’s power monopoly, has said total generation capacity was about 21,600 megawatts.

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Vietnam wants ASEAN as forum for discussion on maritime borders

Hanoi (AsiaNews) – As it prepares to survey the Spratly Islands for oil and gas, China continues to chase Vietnamese fishing boats. In a few days, the Association of South East Asia Nations (ASEAN) will meet for its annual summit on security. The territorial disputes between China and other nations over the islands in the East Sea (South China Sea) will be on its agenda.

Fishermen from the Vietnamese province of Quang Ngai reported on Saturday that a Chinese naval ship, bearing the number 44861, “threatened a Vietnamese fishing boat, numbered QNG- 98868TS, with machine guns. About ten Chinese sailors boarded the vessel and beat Vietnamese fishermen and seized about a tonne of fish”.

In China, media have reported the arrival of Ocean 981, a deepwater drilling platform. It is 650 metres long, 136 metres high, and has a load of 30,000 tonnes. It can drill at depths of 1,500-3,000 metres, and ha operational costs of about a US$ 1 million a day.

By engaging in such a survey, China is staking its claim to the area. Experts believe the East Sea (South China Sea) has an estimated equivalent of around 35-50 billion tonnes in oil and gas, second only to the Persian Gulf.

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PetroVietnam, partners eye ConocoPhillips’ $ 1.5 billion oil assets

HANOI, July 8 (Reuters) – State oil group Petrovietnam and its partners may buy $ 1.5 billion in Vietnamese oil assets in the contentious South China Sea from ConocoPhillips , according to Petrovietnam’s chief executive.

Petrovietnam’s plan demonstrates a commitment to help protect Vietnam’s sovereignty in the East Sea, as it calls the disputed area, the company’s chief executive, Phung Dinh Thuc, was quoted as saying.

China, Vietnam, the Philippines, Taiwan, Malaysia and Brunei claim parts or all of the South China Sea, a territory believed to be sitting on rich deposits of oil, gas and minerals, as well as being a major shipping lane.

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