• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 2 hours Satellite Moons to Replace Streetlamps?!
  • 2 days US top CEO's are spending their own money on the midterm elections
  • 1 hour U.S. Shale Oil Debt: Deep the Denial
  • 19 hours EU to Splash Billions on Battery Factories
  • 1 hour The Dirt on Clean Electric Cars
  • 2 hours Owning stocks long-term low risk?
  • 3 hours Can “Renewables” Dent the World’s need for Electricity?
  • 2 days Uber IPO Proposals Value Company at $120 Billion
  • 1 day The Balkans Are Coming Apart at the Seams Again
  • 2 days A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 1 day 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 2 days OPEC Is Struggling To Deliver On Increased Output Pledge
  • 14 hours The end of "King Coal" in the Wales
Oil Markets Tremble As Chinese Stocks Crash

Oil Markets Tremble As Chinese Stocks Crash

The steep plunge in Chinese…

U.S. And Saudis? Expect Business As Usual

U.S. And Saudis? Expect Business As Usual

The fallout from the Khashoggi…

Vietnam National Oil and Gas Group Launches Oil Platform

Vietnam National Oil and Gas Group, better known as PetroVietnam, have launched the nation’s first indigenously built 300 foot-high drilling rig and Moc Tinh oil platform.

Vietnamese President Truong Tan Sang and Vietnamese ministers and agency heads, along representatives from the Russian Embassy and the Russian Consulate General in Vietnam attended the launching ceremony at Vietnam’s Vung Tau petroleum port.

The ceremony was held on the 50th anniversary of PetroVietnam, VietnamPlus news agency reported.

PetroVietnam underwrote the construction costs of the drilling rig and the PetroVietnam Marine Shipyard was the engineering, procurement and construction (EPC) contractor.

Vietnam has now become one of only three Asian countries and ten nations worldwide capable of building jack-up drilling rigs to international standards recognized by the American Bureau of Shipping (ABS).

The Moc Tinh oil platform was designed and manufactured by Vietnam’s Petroleum Equipment Assembly and Metal Structure JSC and is currently the largest oil platform in Vietnam, with a total weight of over 14.000 tons.

At the ceremony, the Russian-Vietnamese oil and gas joint venture Vietsovpetro signed a contract with PetroVietnam Marine Shipyard for the construction of a second 300-foot jack-up drilling rig to be built at the shipyard.

By. Joao Peixe, Deputy Editor OilPrice.com


x

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News