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Market News
Trends, pricing, and industry updates for oil & gas and industrial equipment buyers and suppliers.
Petrovietnam Enhances U.S. Energy Collaborations for Oil and LNG Projects
Petrovietnam is intensifying its partnerships with U.S. energy firms to advance oil and LNG projects, focusing on supply diversification and technological advancements. Recent discussions included key agreements with Chevron and Murphy Exploration & Production Co.
October 5, 2026
Energy StorageGG Power Launches New ENERGY HUB S16 NEW Energy Storage System
GG Power has introduced the ENERGY HUB S16 NEW, a residential energy storage battery system designed to address the mismatch between solar energy production and consumption. This solution aims to make energy storage more accessible for Vietnamese households.
October 5, 2026
Power GenerationEVNGENCO1 Produces Over 28 Billion kWh of Electricity in First Nine Months of 2026
EVNGENCO1 has generated more than 28 billion kWh of electricity in the first nine months of 2026, marking an 8.8% increase compared to the same period in 2025.
October 5, 2026
LNG & Gas PowerPV GAS Explores LNG Cooperation Opportunities with International Partners
In September 2026, leaders from PV GAS discussed collaboration opportunities in LNG development and energy infrastructure with Gazprom International, NOVATEK, and Tokyo Gas Asia.
October 5, 2026
Power GenerationPreparation for Vertical Shaft Construction at Bac Ai Pumped Storage Hydropower Project
The Project Management Board 3 of EVNPMB3, along with the project contractors, aims to meet all necessary conditions for the vertical shaft construction of the Bac Ai pumped storage hydropower project by the fourth quarter of 2026.
October 5, 2026
Energy StorageEVNNPC Completes Five Energy Storage Projects in Lang Son
In September 2026, EVNNPC's Northern Power Construction Project Management Board BA3 successfully energized five battery energy storage system (BESS) projects at 110 kV substations in Lang Son province.
October 5, 2026
Oil & GasPetrovietnam and Murphy Oil Sign Cooperation Agreement for Lac Da Vang Project
Petrovietnam and Murphy Oil have formalized agreements related to the Lac Da Vang project in Vietnam, which are crucial for securing output and realizing the commercial value of the anticipated oil and gas production.
October 5, 2026
Oil & GasBSR Partners with ExxonMobil to Diversify Crude Supply for Dung Quat Refinery
Petrovietnam Refining and Petrochemical Corp (BSR) has established a framework agreement with ExxonMobil Asia Pacific to enhance crude oil supply options for its Dung Quat Refinery. This move aims to mitigate risks associated with global energy market fluctuations.
October 5, 2026
Power GenerationQuang Trach 1 Thermal Power Plant Unit 2 Successfully Connects to National Grid
The second unit of the Quang Trach 1 Thermal Power Plant was successfully synchronized with the national power grid on September 28, 2026, at 4:45 PM. This milestone was reported by the Project Management Board 2 of EVN.
October 5, 2026
Oil & GasVietnam's Implementation Plan for Revised Petroleum Law Announced
The Vietnamese government has announced a plan for the implementation of the revised Petroleum Law, set to take effect in 2026. This decision was signed by Deputy Prime Minister Pham Gia Tuc.
October 5, 2026
Oil & GasMurphy Oil to Boost Investment in Vietnam's Oil & Gas Sector
Murphy Oil plans to enhance its investment in Vietnam, focusing on the development of the country's oil and gas industry through technology transfer and workforce training. This commitment was made by CEO Eric Hambly during a meeting with Vietnam's leadership in New York.
September 27, 2026
Oil & GasVietnam's BSR Signs Crude Oil Purchase Agreement with ExxonMobil
The Vietnam Oil and Gas Group (BSR) has signed a framework agreement for crude oil purchases with ExxonMobil Asia Pacific during a high-level roundtable in New York City.
September 27, 2026