State oil and gas group PetroVietnam said it has withdrawn from a skyscaper project in Hanoi as part of its plan to divest from sectors outside its main business scope.

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PetroVietnam quits Hanoi skyscraper project under divestment plan

Petro Mekong, a subsidiary of state-owned PV Oil, is seeking approval from the Ministry of Industry and Trade to stop importing oil products and become a distributor for its parent company.

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Vietnam’s Petro Mekong seeks to quit oil import business

Vietnam Oil & Gas Group, known as PetroVietnam, said it submitted a bid this week to buy all of ConocoPhillips’s energy assets in Vietnam to boost production.

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PetroVietnam submits bid to acquire ConocoPhillips Assets

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.

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Vietnam power to be disrupted by gas field maintenance

PetroVietnam has awarded its subsidiary a contract to build a 1,200-megawatt coal-fired thermal power plant in southern Vietnam, which will use coal imported from Indonesia and Australia, a local newspaper said on Wednesday.

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PetroVietnam’s new power plant to buy Indonesia, Australia coal

State oil and gas group PetroVietnam will establish a venture with a military firm under the defense ministry to produce ammonia that is expected to use natural gas from the East Sea as feedstock.

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PetroVietnam ties with Vietnam military firm on ammonia project

State oil group PetroVietnam and its partners may buy $1.5 billion in Vietnamese oil assets in the East Sea from ConocoPhillips , according to PetroVietnam’s chief executive.

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PetroVietnam, partners eye ConocoPhillips’ $1.5 bln oil assets

Oil and gas group PetroVietnam said that state utility Electricity of Vietnam now owes a huge debt of more than VND6.4 trillion to its subsidiary PV Power.

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Electricity of Vietnam owes huge debt to supplier

VietinBank , Vietnam’s largest listed bank, will lend $200 million for the expansion of the Dai Hung oil field, part of a broader effort to increase national output by 2015, state-owned field operator PetroVietnam said on Wednesday.

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VietinBank lends $200 mln for Dai Hung oil field expansion

The Vietnam Oil & Gas Group, also known as PetroVietnam, plans to spend around US$1.2 billion to expand and upgrade the Dung Quat Oil Refinery so it can meet as much as half of the nation’s fuel demands.

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Vietnam 1st refinery set for $1.2 bln upgrade