PETROVIETNAM EXPLORATION PRODUCTION CORPORATION

In 2024, the Vietnam Oil and Gas Group (Petrovietnam) aims to make its mark through a comprehensive innovation strategy that focuses on new growth drivers—offshore wind power, LNG, and key oil and gas projects. These transformations showcase the Group's adaptability to changes in the energy sector while creating new development opportunities that contribute to the country's socio-economic growth.

The resolution on breakthrough development in science and technology, innovation, and digital transformation by Petrovietnam’s Party Committee is a crucial solution to drive growth, enhance productivity, quality, and efficiency, and serves as a decisive factor for Petrovietnam to accelerate and elevate itself into the National Energy Industry Group.

The upcoming launch of the South African National Petroleum Company reflects a broader trend across Africa, where nations are restructuring their state-owned energy enterprises to attract investment, improve efficiency and enhance energy security.

President Donald Trump ordered the creation of a White House council focused on steering the U.S. toward “energy dominance,” with the promise of action as soon as next week.

NEW DELHI, Oct 24 (Reuters) - Oil prices rose on Tuesday, recovering some of the previous day's losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions.

World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China's economy grows more slowly and shifts towards cleaner energy, the International Energy Agency said, undercutting the rationale for any rise in investment.

The Vietnam Oil and Gas Group (Petrovietnam) is comprehensively implementing a series of solutions to maintain its output of oil and gas in the face of various challenges.

Vietnam National Oil and Gas Group (Petrovietnam) is actively pursuing strategies to ensure the continuity of oil and gas production in 2023 in the face of various challenges in its production and business operations.

Saudi Arabia is expected to extend its unilateral 1 MMbpd oil production cut for at least another month, as global crude markets remain pressured by economic fears.

Norway’s energy ministry approved oil and gas projects with a total value of more than 200 billion kroner ($18.5 billion) as Europe’s biggest supplier of natural gas works to keep up production.