PV DRILLING III sets new record for longest drilling rig in Malaysia
The self-elevating offshore drilling rig PV DRILLING III, owned by PetroVietnam Drilling and Well Services Corporation (PV Drilling) has recently set a new record for the longest one in Malaysia at 6,963m for its customer Hibiscus Oil & Gas Malaysia Limited (HML).
The self-elevating offshore drilling rig PV DRILLING III, owned by PetroVietnam Drilling and Well Services Corporation (PV Drilling) (Photo:pvdrilling.com)
Hanoi (VNA) – The self-elevatingoffshore drilling rig PV DRILLING III, owned by PetroVietnam Drilling and WellServices Corporation (PV Drilling) has recently set a new record for thelongest one in Malaysia at 6,963m for its customer Hibiscus Oil & GasMalaysia Limited (HML).
PV DRILLING III began drilling for HML in the end of 2021 andwill continue until the end of the third quarter this year under the signedcontract. This is one of the PV Drilling's long-term contracts signed amid thedull drilling market caused by COVID-19 pandemic.
Earlier, the self-elevating offshore drilling rigs PV DRILLING Iand PV DRILLING VI also set records for drilling wells with respective depthsof 7,300m and 6,768m for customers Cuu Long JOC and Thang Long JOC in Vietnam.
PV Drilling entered the Malaysian drilling market in 2017 withtwo drilling campaigns for customers PETRONAS CARIGALI SDN BHD and IPC MalaysiaB.V (LUNDIN), which were carried out by the PV DRILLING III and PV DRILLING VIrigs, respectively. In 2018, PV Drilling continued to offer services inMalaysia by signing a contract to provide PV DRILLING III for customer RepsolMalaysia.
In the fourth quarter of 2019,all four of PV Drilling's self-elevating offshore drilling rigs provided servicesin Malaysia, contributing to elevating PV Drilling to the second position inthe list of drilling contractors operating in this market.
꧒ With the new set records, PV Drilling is seekingcontracts to provide drilling rig services and well drilling technical servicesfor domestic and foreign customers./.
The Petrovietnam Gas Joint Stock Corporation (PV GAS) posted a pre-tax profit of 14 trillion VND (nearly 590 million USD) in the first three quarters of 2022, up 61.8% year-on-year.
The Petrovietnam Power Corporation (PV Power) has produced more than 240 billion kWh of electricity in the past 15 years, contributing to ensuring national energy security, the firm reported.
Fitch Ratings has rated Petrovietnam Gas Joint Stock Corporation (PV GAS) as a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BB' with a positive outlook.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The self-elevating offshore drilling rig PV DRILLING III, owned by PetroVietnam Drilling and Well Services Corporation (PV Drilling) (Photo:pvdrilling.com) 
