oil

Murphy Oil starts Vietnam oil production at Lac Da Vang, reports nearby discovery

The United States' Murphy Oil has begun production from its Lac Da Vang (Golden Camel) oil field offshore Vietnam and made an exploration discovery at a nearby well in the same block.

Vietnam conglomerate Vingroup establishes $39M oil-gas trading firm

Vietnam's conglomerate Vingroup, known for its electric vehicle (EV) manufacturer VinFast, has established Vin Oil&Gas Global, a subsidiary to trade petroleum and gas, with a charter capital of VND10 trillion ($38.5 million).