The oil and gas industry no longer enjoys the favourable conditions of previous decades, with many major oil and gas fields entering decline while new discoveries are increasingly located in deeper waters, requiring higher investment, more advanced technology and stricter...
The amended law stressed the importance of more efficient management and greater contribution of petroleum resources to the nation''s socio-economic development, especially as many of the Southeast Asian country''s oil and gas reserves are approaching the end of their lifespans....
The National Assembly (NA) yesterday debated on a number of proposed changes made to the country''s Petroleum Law, which was slated for a vote by deputies on October 14.
Experts have raised strong support for a comprehensive reform for the draft revised Petroleum Law that will help further develop the country’s oil and gas industry.