Six miles and beyond: Vietnam draft law sets offshore boundary

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The figure for offshore wind power remains zero, it notes. Under Vietnam's Power Development Plan VIII approved in May 2023, the country planned to increase offshore wind power capacity to 6 GW by 2030, envisaging this to increase to 70-91.5 GW by 2050, accounting for 4% and 14.3-16% of the total energy mix, respectively.
Home - PTSC
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EPCIC FOR OFFSHORE FACILITIES. PTSC is a key subsidiary of Vietnam Oil and Gas Group (PetroVietnam - PVN) specialized in providing mechanical services for Oil and Gas development projects, including: Engineering, Procurement, Fabrication, Construction, Transportation, Installation, Hook-up & Commissioning (EPC/EPCIC) for offshore facilities in ...
Vietnam | East Asia | World Oil Online
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Harbour Energy exits Vietnam with $84 million sale of offshore assets. August 10, 2023. Harbour Energy has entered into Sale and Purchase Agreements to sell its business in Vietnam, which includes ...
Vietnam’s Offshore Wind Power Holdup: Unpacked
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The Power Development Plan 8–known in short as the PDP8–that was approved last year, was embedded with a target of six gigawatts of offshore wind power by 2030. The implementation plan for the PDP8 released earlier this year, however, did not list a single offshore wind power project. Indeed, Vietnams six gigawatt goal is looking ...
Vietnam: Borrowing Offshore From Vietnam Questions & Answers - Mondaq
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Offshore borrowings by the private sector in 2023 reached around 26% of GDP, surpassing 2021's figure of 23%. The FDI segment remains key, taking most of the big ticket borrowings. For example, there were several construction financings in 2023, like the financing for the construction of the largest water purifier production facility in Vietnam ...
Vietnam - Latest oil and gas news | Upstream Online
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Eni returning to exploration action offshore Vietnam Published 30 April 2024 0:01 GMT Exploration Hibiscus strikes oil with PM3 CAA wildcat Published 28 April 2024 23:04 GMT Energy Transition ...
Challenges and Solutions for The pilot project mechanism aims to ...
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While Vietnam's potential for offshore wind power is immense, the path to its development has challenges. This new and complex field lacks investment experience and is intricately tied to national ...
Vietnam - World Factbook Glyph
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Vietnam's early history comprises of periods of occupation by outside forces and eventual power consolidation under Vietnamese dynastic families. ... rare earth elements, bauxite, chromate, offshore oil and gas deposits, timber, hydropower, arable land. Land use. agricultural land: 34.8% (2018 est.) arable land: 20.6% (2018 est.) permanent ...
Ørsted plans building 3.9-GW offshore wind farm in Vietnam - report
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Danish energy major Ørsted A/S (CPH:ORSTED) is planning to pour up to USD 13.6 billion (EUR 11.75bn) to deploy 3.9 GW of offshore wind turbines in Vietnamese waters, local news agency VNA said. The huge project is expected to be executed in three phases at an overall investment ranging between USD 11.9 billion and USD 13.6 billion. According ...
Outlook positive for Vietnam"s wind power - vir.com.vn
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Vietnam plans to increase its offshore wind power capacity from zero in 2023 to 6GW by 2030, with a target of 70-91.5GW of offshore wind power by 2050. To achieve this goal, investors, developers, and contractors need to prepare a skilled and high-quality workforce, especially for large-scale offshore wind projects.
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Ørsted to partner with Vietnamese energy contractor on offshore wind
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PTSC M&C is a turn-key contractor serving the upstream, downstream and renewables energy sectors. The partnership with it is designed to deliver offshore substations for the offshore wind projects planned in Vietnam by Ørsted and Vietnamese industrial conglomerate T&T Group, which signed a MoU last year. Ørsted and T&T aim to deliver one ...
Mainstream shares good news for Vietnam offshore wind project
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The first 200 MW portion of the 1.4-GW Phu Cuong Soc Trang offshore wind project in Vietnam has secured a Decision on Investment and an Investment Registration Certification (IRC) from the local provincial government, Mainstream Renewable Power said today. The Ireland-based company is developing the 1.4-GW project off the southern coast of ...
Borrowing Offshore From Vietnam – Question & Answers.
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Offshore borrowings by the private sector in 2023 reached around 26% of GDP, surpassing 2021’s figure of 23%. The FDI segment remains key, taking most of the big ticket borrowings. For example, there were several construction financings in 2023, like the financing for the construction of the largest water purifier production facility in ...
Eni returning to exploration action offshore Vietnam | Upstream
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Eni completes Vietnam offshore drilling campaign. Vietnam Eni. Be notified. Published 30 April 2024, 00:01 Updated 30 April 2024, 08:34. Energy Explored.
Blocks 125/126, offshore Vietnam - Memorandum of Understanding
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On 29 July 2015 at the headquarters of Vietnam Oil and Gas Group (PetroVietnam), a Memorandum of Understanding (MOU) signing ceremony was organised for cooperation in petroleum exploration & production on Blocks 125-126 Offshore Vietnam among PetroVietnam, SOCO (UK) and SOVICO Holdings (SOVICO).
Developer awards contracts for Vietnam's largest intertidal wind project
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The offshore wind park will be built in Thuan Thanh hamlet, Tan Tien commune, Dam Doi district. Once up and running, the facility will produce about 1.1 billion kWh of electricity a year. When announcing the EPC contract separately, WTO said that the total cost of the project is estimated at more than VND 10 trillion (USD 431.3m/EUR 352m).
Read Exclusive Offshore Renewable News Here Today | 4C Offshore
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Norwegian Offshore Wind (NOW) has joined forces with innovation scale-up Wazoku to launch a new crowd sourcing campaign aimed at finding innovative solutions to manage emergencies on full-scale floating offshore wind turbines. ... Read about the historic moment as Vietnam's impressive substation, the HL2 of the Hai Long giants, embarks on its ...
Top 11 Offshore Software Development Companies in Vietnam 2024
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They are one of Vietnams longest-standing offshore software development companies in Vietnam. Operating across six offices worldwide, including the USA, Canada, Germany, Japan, Australia, Singapore, and its headquarters in Vietnam, TMA Solutions has a team of skilled IT experts dedicated to delivering comprehensive IT solutions and services ...
Murphy Oil Stock Q1: Lining Up Growth Projects (NYSE:MUR)
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Murphy Oil is a smaller offshore operator with a conservative balance sheet that focuses on offshore risk management. The company plans to repurchase stock to address the stock price discount and ...
Murphy’s GoM Mormont well back in service | Offshore
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Murphy’s GoM Mormont well back in service. May 2, 2024. Murphy Oil’s first-quarter production from the US Gulf of Mexico (GoM) averaged about 73,000 boe/d, the company said in a results update. Courtesy Murphy Oil. Murphy produces oil and natural gas from several operated and non-operated fields across more than 100 blocks in the Gulf of ...