PTSC Conquers the Ocean

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With a dream to conquer the ocean, PetroVietnam Technical Services Corporation (PTSC) has continuously invested in technology and successfully produced many modern large-scaled oil platforms, making an effective contribution to developing the marine economy and ensuring security, national defence and sovereignty of the sea and islands. PTSC is a member of the Vietnam National Oil and Gas Group (PetroVietnam). It is considered the leading supplier of services, such as specialized vessels, … [Read more...]

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Load-out of PQP-Hai Thach

On June 26, at the construction site of PTSC Downstream Port, PTSC M & C held the load-out, transportation and installation ceremony of Hai Thach Production & Quarters Platform (PQP-HT) 's jacket of Bien Dong 1 Project, invested by Bien Dong Petroleum Operating Company (Sea POC). Bien Dong 1 Project is the first largest offshore petroleum project, performed by Vietnamese contractors, with the total fabrication and installation weight of up to 60,000 tons. This is a challenging project … [Read more...]

Vietnam to install largest processing platform

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A sail-away ceremony for the 14,000-tonne Hai Thach central processing platform, the biggest ever of its kind in Vietnam, was held on June 27 in the southern province of Ba Ria-Vung Tau. Deputy Prime Minister Hoang Trung Hai was present at the ceremony. The platform will be installed at one of Vietnam's deepest oil fields where the water is up to 133m deep. It is part of the Bien Dong 1 project run by the Bien Dong Petroleum Operating Company with the PTSC Mechanical and Construction Joint … [Read more...]

Viet Nam to install largest oil platform

HA NOI — A sail-away ceremony for the 14,000-tonne Hai Thach central processing platform, the biggest ever of its kind in Viet Nam, was held yesterday in the southern province of Ba Ria-Vung Tau. The platform will be installed at one of Viet Nam 's deepest oil fields where the water is up to 133m deep. It is part of the Bien Dong 1 project run by the Bien Dong Petroleum Operating Company with the PTSC Mechanical and Construction Joint Stock Company as the main contractor. The Bien Dong 1 is … [Read more...]

Bien Dong POC: Close Coordination with Other PetroVietnam Companies to Achieve Bien Dong 1 Project Key Milestones

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Since its establishment over two years ago by Decision 066/QD-DKVN of PetroVietnam's Board of Management, Bien Dong Petroleum Operating Company (Bien Dong POC) has been expeditiously performing the important tasks assigned by PetroVietnam to continue the Bien Dong 1 development project for early production of natural gas and condensate from Hai Thach field and Moc Tinh field offshore S.R. Vietnam. The Bien Dong 1 Project covers engineering, procurement, onshore construction and offshore … [Read more...]

Huge “made in Vietnam” oil rig jacket in action

A 11,000-tonne jacket structure for the Moc Tinh oil rig has been launched successfully at Vietsovpetro port in the southern province of Ba Ria-Vung Tau. The jacket structure includes three-dimensional frames made from large tubular steel members, allowing the jacket, which takes the loadings from the topside and sea environment, to be attached by piles to the seabed. With construction work starting in June last year by the Petroleum Equipment Assembly and Metal Structure Joint Stock … [Read more...]

Huge “made in Vietnam” oil rig jacket in action

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A 11,000-tonne jacket structure for the Moc Tinh oil rig was launched successfully on August 27 at the Vietsovpetro port in the southern province of Ba Ria-Vung Tau. The jacket structure includes three-dimensional frames made from large tubular steel members, allowing the jacket, which takes the loadings from the topside and sea environment, to be attached by piles to the seabed. With construction beginning in June last year by the Petroleum Equipment Assembly and Metal Structure Joint … [Read more...]

Honeywell to Automate Offshore Gas Platforms in Vietnam

Honeywell announced that it has been engaged by PetroVietnam Technical Services Corporation (PTSC) and the Bien Dong Petroleum Operating Company (BDPOC) to supply an integrated process control system for their new central processing platform currently under construction in Vung Tau, Vietnam. When fully operational by the end of 2012, the platform is expected to contribute significantly to meet Vietnam's increased gas demands by providing 2 billion cubic metres of gasoline each year and up to … [Read more...]

Vietnam’s Biggest Oil Platform Installed

The installation of topsides for Vietnam's biggest-ever oil rig has been completed at the Moc Tinh gas field off the southern province of Ba Ria-Vung Tau. The Moc Tinh oil rig is invested by the Bien Dong Petroleum Operating Company (Bien Dong POC), a subsidiary of the state-run Vietnam Oil and Gas Group (PetroVietnam). The Moc Tinh platform together with the Hai Thach platform, another investment of the Bien Dong POC, is expected to supply two billion cu.m of gas per year and between 15,000 … [Read more...]

Vietnam’s biggest oil platform installed

The installation of topsides for Vietnam's biggest-ever oil rig has been completed at the site of Moc Tinh gas field off the southern province of Ba Ria-Vung Tau. The Moc Tinh oil rig is invested by the Bien Dong Petroleum Operating Company (Bien Dong POC), a subsidiary of the state-run Vietnam Oil and Gas Group (PetroVietnam). The Moc Tinh platform together with the Hai Thach platform, another investment of the Bien Dong POC, is expected to supply two billion cu.m of gas per year and … [Read more...]

PetroVietnam Affiliate Starts Vietnam Biggest Oilrig Project

Bien Dong Petroleum Operating Company (Bien Dong POC), a subsidiary of the state-run Vietnam Oil and Gas Group (PetroVietnam), has started building jackets and topsides for Vietnam's biggest-ever oilrig at Moc Tinh gas field. The oilrig will be 134 meters high and weigh 13,000 tons. The oilrig is expected to provide two billion cubic meters of gas a year and between 15,000 barrels and 20,000 barrels of condensate a day once fully operational next August. Moc Tinh gas field, located at block … [Read more...]

PTSC: Activated by Major Projects of Early 2010

PetroVietnam Technical Services Corporation (PTSC) has introduced a number of measures to navigate the adverse impacts of the global economic recession; achieving impressive business results.

PTSC is known domestically and globally as a major force for Vietnam National Oil and Gas Group (PetroVietnam), providing technical services for the oil and gas industry. In 2010, PTSC expects more success as many leading business groups have chosen it as a key partner and it has ongoing key oil and gas projects. Particularly, on February 10, 2010, PetroVietnam Technical Services Corporation and Bien Dong Petroleum Operating Company (BDPOC) held a head of agreement (HOA) signing ceremony for … [Read more...]

Vietnam’s stock markets end mixed

Share prices rallied at the Hochiminh Stock Exchange but continued to decline at the Hanoi bourse on October 20. The VN-Index added 0.68 percent to end at 589.24 points while the VN30 Index, tracking the bourse's 30 leading stocks, also gained by 0.53 percent to close at 628.09 points, with gainers outnumbering losers by 17 to 11. Top gainers, including two rubber and two steel manufacturing companies, are Da Nang Rubber by 1.7 percent, Casumina by 3.2 percent, Hoa Phat by 2.8 percent and … [Read more...]

VN stock markets end mixed

HA NOI (VNS) - Share prices rallied at the HCM City Stock Exchange but continued to decline at the Ha Noi Stock Exchange yesterday. The VN-Index added 0.68 per cent to end at 589.24 points while the VN30 Index, tracking the bourse's 30 leading stocks, also gained by 0.53 per cent to close at 628.09 points, with gainers outnumbering losers by 17 to 11. Top gainers, including two rubber and two steel manufacturing companies, are Da Nang Rubber by 1.7 per cent, Casumina by 3.2 per cent, Hoa Phat … [Read more...]

Vietcombank ranked first amongst Vietnamese listed companies

Hanoi, October 20 (VNA) - The Bank for Foreign Trade of Vietnam (Vietcombank) came first in Forbes Vietnam's top 50 of listed companies this year, its second year on the list. With over 31 trillion VND (over 1.47 billion USD) in revenue and 67.2 trillion VND (3.2 billion USD) in market capitalisation, the bank was praised for its number of business clients, its payment and trade services, and its strategies for the domestic retail market. In 2014, Vietcombank was also named Vietnam's best … [Read more...]

Stockmarket becomes contrary

Investors monitor shares at the FPT Securities. - VNS Photo Truong Vi HA NOI (VNS)- The Vietnamese stock market is witnessing contrary movements, with individual investors buying in hopes of brighter prospects and major shareholders selling after making huge profits. The market began to decline nearly two weeks after a long rally, but a good number of investors are still pouring money into it in the belief that it will rise again in the medium and long term, as shown in the high trading volume … [Read more...]

PVcomBank sells oil shares

HCM CITY (VNS)- Vietnam Public Bank (PVcomBank) will sell nearly VND600 billion (US28.4 million) stakes in two oil and gas companies in the next two months in an effort to restructure its portfolio. The bank will sell five million shares in PetroVietnam Technical Services Corporation (PVS) from September 4 to October 1. With the current price of more than VND40,000 ($1.90) a share, it expects to collect VND200 billion ($9.5 million). After the sale, its holding will reduce from more than 26 … [Read more...]

Stocks make gains on improved liquidity

HA NOI (VNS) - Stocks posted modest gains throughout last week, driven by blue chips, but retreated towards the end of the week when reaching the strong resistance level of 610 points. On the HCM Stock Exchange, the benchmark VN-Index climbed 1.94 per cent during the week, closing Friday at 605.43 points. Growth of large-cap shares, such as VinGroup (VIC), Masan Group (MSN), Vinamilk (VNM) and PV Gas (GAS) sustained the market development. Further, thanks to an advance by the largest market … [Read more...]

Blue chip losses drag on VN-Index

HA NOI (VNS) - Stocks fell in the dying minutes of yesterday's session on the HCM City Stock Exchange as investors increased selling blue chips. The benchmark VN-Index dipped from the five-year high to close yesterday at 606.70 points, down 0.17 per cent from Tuesday. Most of the large-cap shares lost value. These included PV Gas (GAS), Vietinbank (CTG) and FPT Corp (FPT) along with Bao Viet Holdings (BVH), Vietcombank (VCB), Hoang Anh Gia Lai Co (HAG) and Bank of Investment Development of … [Read more...]

Fund-raising concert for poor students

Van Nam The concert entertained audiences with such renowned Tango pieces as La Cumparsita, Verrano, Adios Nonino, Preparansa, Milonga Del Angel, Invierno, Por Una Cabeza, Oblivion, Valsecito Viejo, Balkango, Balkan Milonga Loca and Libertango. Works were played by violinist L.Dobrevska and artist Bandoneon A.Nikolic together with artists from the HCMC Ballet Symphony Orchestra and Opera and Vietnam National Symphony Orchestra. The concert was aimed at lighting hopes for the poor, especially … [Read more...]