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Trends, pricing, and industry updates for oil & gas and industrial equipment buyers and suppliers.

Renewable Energy

Pacifico Energy and PTSC Initiate Offshore Wind Surveys in Vietnam

Pacifico Energy Vietnam and PTSC Marine GS have commenced survey work for two significant offshore wind projects in Vietnam, totaling a planned capacity of 1.8 GW.

October 26, 2026

Oil & Gas

PV Drilling Engages with PetroVietnam's Supervisory Delegation

A delegation from PetroVietnam, led by Member Tran Binh Minh, conducted an annual monitoring visit at PV Drilling. This meeting is part of the regular oversight program for the national energy group.

October 26, 2026

LNG & Gas Power

Groundbreaking Ceremony for Quang Trach 2 LNG Power Plant

On October 20, 2026, the Vietnam Electricity Group (EVN) held a groundbreaking ceremony for the Quang Trach 2 LNG power plant and announced the integration of Quang Trach 1 into the national grid.

October 26, 2026

Renewable Energy

Approval Granted for Wind Power Project in Lang Son Province

The Lang Son Provincial People's Committee has approved the investment proposal for the Dinh Lap 5 Wind Power Plant. The project will be developed by Trung Nam Construction Investment Joint Stock Company and Trung Nam Renewable Energy Joint Stock Company.

October 26, 2026

Oil & Gas

PV GAS Engages with U.S. Department of Commerce on Energy Cooperation

On October 19, 2026, PV GAS CEO Duong Tri Hoi met with a delegation from the U.S. Department of Commerce, led by Deputy Assistant Secretary Kelly Coldiron, to discuss existing trade relations and explore collaboration opportunities in the gas and energy sectors.

October 26, 2026

Power Generation

Xuan Thien Group Prepares to Launch Dong Phu Yen Pumped Storage Hydropower Project

The Son La Provincial People's Committee has confirmed plans for the Dong Phu Yen pumped storage hydropower project, which will have a capacity of 1,200 MW. A commitment was made to initiate construction on November 15, 2026.

October 26, 2026

Renewable Energy

PetroVietnam Partners with Danish Firms for Offshore Wind Development

PetroVietnam has announced a collaboration with Danish partners to advance offshore wind energy projects in Vietnam during a state visit by Vietnamese leadership to Denmark.

October 26, 2026

Power Generation

Government Directives for Electricity Supply Solutions from 2027 to 2030

The Vietnamese government has issued directives to ensure electricity supply for the period from 2027 to 2030. This initiative aims to implement immediate measures to address energy needs across various provinces and cities.

October 26, 2026

LNG & Gas Power

EVN Breaks Ground on $1.55 Billion LNG Power Plant in Quang Tri

Vietnam Electricity (EVN) has commenced construction on the Quang Trach II LNG power plant, a significant project valued at over $1.55 billion in Quang Tri province. The plant will feature two turbines with a total capacity of nearly 1,613 megawatts, expected to begin operations in early 2030.

October 26, 2026

Oil & Gas

PV DRILLING X Successfully Completes Journey from Namibia to Vung Tau

The self-elevating drilling rig PV DRILLING X has safely arrived at Vung Tau after a 7,261 nautical mile journey from Namibia. The rig was transported by the heavy lift vessel Seaway Falcon Heavy Load Carrier.

October 26, 2026

Power & Grid

EVNNPT Diversifies Funding Sources for Power Transmission Development by 2030

To achieve the goals outlined in the revised Power Plan VIII, EVNNPT is seeking substantial financing for the construction of numerous transmission projects. The company is actively diversifying its funding channels and enhancing its access to international capital.

October 5, 2026

Oil & Gas

Quang Ngai Province Officials Review Dung Quat Oil Refinery Expansion Project

Quang Ngai Province's Vice Chairman Do Tam Hien met with BSR to discuss the implementation of the Dung Quat Oil Refinery upgrade project. He emphasized the province's commitment to providing necessary materials for the expansion.

October 5, 2026