Top Oil And Gas Companies in Vietnam

The Oil & Gas Industry in Vietnam has been an important contributor to the country's economic growth and development. The industry has experienced significant growth over the past decade, driven by the government's investment in infrastructure and policies to attract foreign investment. In this article, we will examine the key statistics from 2022, the factors contributing to the industry's growth and success, industry growth and comparison to previous years, key trends, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
BUMI ARMADA1,843 +65 6558 6116

At Bumi Armada, we amplify competency to resonate with the changing Oil & Gas industry demands, values and expectations. We engage in advancement of technology to garner further growth and keep sustainability in balance.We are a Malaysia-based international offshore energy facilities and services provider with experience in over 29 countries spread across four continents – Asia, Europe, Africa and Latin America. The culture diversity of over 800 people from over 27 nationalities empowers diverse solutions in our global team to safely deliver our marine assets – FPSO, LNG FSU, OSV and derrick lay-barge.We offer a range of capabilities from life of field surveys, drilling support, production facilities, installation & operations, pipe-laying, hook-up & commissioning and vessel chartering. We are committed to bring innovative solutions to provide high quality and reliable facilities and services while incorporating leading technologies for a sustainable tomorrow.OUR BEGINNINGIn December 1995, the company was incorporated as a public limited company (under the Companies Act, 1965). The Bumi Armada group of companies include diversified subsidiaries as well as joint venture companies.Since then, our marine business has evolved from managing smaller tonnage vessels in the 1970s to being able to design and build nine FPSOs with increasing complexity, functional capability, and size. Drawing on our decades of experience, we have developed a reputation for our project management capabilities. We deliver innovative solutions and quality facilities that incorporate leading technologies to cater the needs in the field development, production and storage.

LINDE ENGINEERING3,867 +65 6867 0387

Delivering reliable process plants for maximum capital efficiencyLinde has been optimizing gas processing technologies for 140 years, successfully delivering more than 4,000 plant engineering projects around the globe. Favoring trusted, lasting business relationships, the company collaborates closely with customers to enhance plant lifecycle productivity and innovate process flows. The company’s proven gas processing expertise plays an indispensable role in the success of customers across multiple industries – from natural gas and oil refining through petrochemicals and fertilizers to electronics and metal processing.Operational excellence along the entire plant lifecycleWe work closely with our customers to gain an in-depth understanding of individual needs. Building on the unique synergies of Linde as an integrated plant operator and engineering company, Linde offers innovative process technologies and services to exceed our customers’ reliability and profitability expectations. This commitment to innovation extends along the entire plant lifecycle. The LINDE PLANTSERV® service team supports customers every step of the way – from maintenance and repairs to full revamps. Leveraging the latest digital technologies to offer on-site and remote operational and support services, we consistently take asset performance to the next level.Making the impossible possibleFrom the desert to the Arctic, from small- to world-scale, from standardized to customized designs, Linde’s engineering specialists develop solutions that operate under all conditions. The company covers every step in the design, project management and construction of gas processing plants and components. Customers can always rely on Linde to deliver the plants, components and services that fit their needs best – anywhere in the world.

TOTALENERGIES65,026 +65 6879 7900

Have you ever thought of offering your skills and expertise to a multinational company? Give your best to better energy and make the commitment with TotalEnergies. With over 500-plus professions in 130 countries, we offer high safety and environmental standards, strong ethical values, an innovation culture and wide-ranging career development. Be part of the global team whose mission is already shared by 105,000 employees : to be a world-class player in the energy transition

MCDERMOTT INTERNATIONAL, LTD27,515 +65 6561 2288

McDermott is a premier provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach—engineered to responsibly harness and transform global energy resources into the products the world needs for now and what’s next.From concept to commissioning, we are creating and delivering the building blocks of the energy transition. Our innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, our locally focused and globally integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

PETROBRAS62,333 +65 6550 5080

Nosso propósito é prover energia que assegure a prosperidade de forma ética, segura e competitiva. Queremos ser uma empresa de energia de elevado patamar de desempenho, com foco em óleo e gás, alinhada ao compromisso de maior geração de valor e direcionamento de recursos com ênfase nas atividades de Exploração e Produção em águas profundas. Saiba mais em petrobras.com.br—Reservamo-nos o direito de deletar, sem aviso prévio: - Conteúdos ofensivos a qualquer indivíduo, marca ou grupo social; - Comentários que fujam ao tema do post; - Links, comentários e outros conteúdos de autopromoção e vendas.

NOV30,560 +65 1800 676 4380

NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.

CHEVRON42,800 +65 6318 1000

Our greatest resource is our people. Their ingenuity, creativity and collaboration have met the complex challenges of energy’s past. Together, we’ll take on the future.We support the LinkedIn Terms of Use (User Agreement), and we expect visitors to our page to do the same. We encourage open, lively conversation with a few simple rules: --We reserve the right to correct factual errors. --We will reply to comments when appropriate.--If we disagree with other opinions, we will do so respectfully.--You may not post anything that is spam or that is abusive, profane, or defamatory toward a person, entity, belief, or symbol.--We will delete any posts that contain personal information such as email addresses, phone numbers and physical addresses, and other third party intellectual property material, when that information does not belong to the author of the post. --You may not post job listings for non-Chevron positions.--While we support lively, open discussion, we reserve the right to delete comments.

SAPURA ENERGY BERHAD5,332 +65 8949 5888

Sapura Energy Berhad (Sapura Energy) is a full-fledged upstream player headquartered in Malaysia and amongst the world’s leading integrated oil and gas services and solutions providers.We provide a full spectrum of capabilities that covers the entire value chain of exploration, development, production and rejuvenation as well as decommissioning and abandonment.With a multinational workforce over 7,500 employees spanning over 35 nationalities, comprehensive world-class assets and project management capabilities – our global presence is visible in more than 20 countries. This includes Malaysia, China, Australia, Brazil, the United States of America, as well as those in Western Africa and the Middle East.

SHELL140,478 +65 6513 7719

Shell is a global energy company with around 87,000 employees in more than 70 countries. We work together to power progress through more and cleaner energy solutions. We serve more than 30 million customers at almost 46,000 retail service stations every day.Our strategy is to accelerate the transition of our business to net-zero emissions, purposefully and profitably. #PoweringProgress

SUBSEA712,031 +65 6309 4700

Subsea7 makes offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energy.

TECHNIP13,751 +60 1-800-33-9276

Technip is now TechnipFMC. Learn more on our new company page or at www.TechnipFMC.com.

BP63,315 +65 6335 3000

The world is changing fast and our industry is changing with it. The energy mix is shifting towards lower carbon sources, driven by technological advances and growing environmental concerns. In bp, we will help drive this transition - and our business will be transformed by it. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

TRANSOCEAN9,910 +65 6512 4700

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units including 27 ultra-deepwater floaters, and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships.

WOODSIDE ENERGY5,124 +65 6709 8021

We aim to thrive through the global energy transition with a low-cost, lower-carbon, profitable, resilient and diversified portfolio. Our recently expanded global portfolio includes quality oil and gas assets and interests in Australia, Gulf of Mexico, Trinidad and Tobago, Senegal, Timor-Leste, Canada, Barbados. Our focus in operations remains on safety, reliability, efficiency and environmental performance, leveraging more than 35 years of operating experience. We have growth opportunities across our three pillars of gas, oil and new energy. Woodside Energy LinkedIn followers, please be aware that during the past week we have seen a spike in fraudulent job advertisements and LinkedIn profiles claiming to be from our Human Resources team. We are working to have these removed and ask you to report any suspicious looking posts or accounts to Woodside at gradcareers@woodside.com.au We have also seen offers of employment mailed to job seekers by individuals or organisations posing as Woodside. Importantly, communications about employment opportunities with Woodside will only ever be sent from email addresses ending in woodside.com.au or woodside.com. We will also never make unsolicited jobs offers or seek payment from job applicants. For more information about how to spot fraudulent Woodside recruitment activity, go to our careers page.

CONOCOPHILLIPS15,711 +65 6536 0010

We are a global oil and gas company tasked with an important job—to safely find and deliver energy for the world. We’re experts in what we do—from the well site to the office. Across our operations and activities in 13 countries, we never forget our responsibility to be a great neighbor, and a great place to work. Guided by our SPIRIT Values—Safety, People, Integrity, Responsibility, Innovation and Teamwork—we deliver strong performance, keeping our promises to our stakeholders, communities and each other. We solve problems and develop new approaches together, as a team of people—not job titles.That’s ConocoPhillips.It’s not just what we do. It’s how we do it. At ConocoPhillips, we believe it is important to foster a safe and constructive online environment for our community. To do so, we encourage visitors to contribute to conversations by following a few guidelines:- Please contribute to the dialogue by keeping your comments relevant to the community and on topic. - Direct your comments at issues, rather than individuals.Any of the following violations of these guidelines may warrant, without prior notice, actions such as removing posts and comments or blocking an account:- Comments that are spam, defamatory or offensive (e.g., obscene, indecent, profane, violent, cruel or discriminatory) will be removed.- Content that violates the terms of use stipulated by each social media operating company.- Any other behavior ConocoPhillips deems inappropriate.Community policy: https://bit.ly/3mrTG4d

PETROFAC15,600 +65 6274 9176

We are a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world’s evolving energy needs.Our core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, South East Asia and the United States. We have 8,200 employees based across more than 30 offices globally.Petrofac is quoted on the London Stock Exchange (symbol: PFC).To find out more, visit www.petrofac.com

EXXONMOBIL57,854 +65 1800 252 1800

The need for energy is universal. Thats why ExxonMobil scientists and engineers are pioneering new research and pursuing new technologies to reduce emissions while creating more efficient fuels. Were committed to responsibly meeting the worlds energy needs.We aim to achieve #netzero emissions from our operated assets by 2050 (for Scope 1 and 2 greenhouse gas emissions) and are taking a comprehensive approach to create emission-reduction roadmaps for major operated assets. Find us also on:Twitter.com/ExxonMobilFacebook.com/ExxonMobilInstagram.com/ExxonMobilYouTube.com/ExxonMobilEnergyFactor.comExxonMobil.comFind our latest Privacy Policy at https://corporate.exxonmobil.com/Global-legal-pages/privacy-policySee our terms and conditions at https://corporate.exxonmobil.com/global-legal-pages/terms-and-conditions ExxonMobil uses innovation and technology to deliver energy to a growing world. We explore for, produce and sell crude oil, natural gas and petroleum products. We operate facilities or market products in most of the world’s countries and explore for oil and natural gas on six continents. Follow us on Twitter.com/ExxonMobil Like us on Facebook.com/ExxonMobil Follow us on Instagram.com/ExxonMobil Visit our channel on YouTube.com/ExxonMobil Get the latest energy news and views at EnergyFactor.com

SWIBER HOLDINGS LIMITED976 +65 6505 0800

Swiber Holdings Limited is a world class integrated construction and support services provider to the offshore oil and gas industry, offering a wide range of offshore EPIC, marine support, and engineering services across the Asia Pacific, Middle East, and Latin America regions. Since its foundation in 1996, Swiber has been dedicated to building the company into a leader in the industry. Today, Swiber is a public-listed company on the Singapore Stock Exchange with an eminent position among global offshore oil and gas engineering and construction organisations. With an extensive and growing operating fleet of 65 vessels, comprising 49 offshore vessels and 16 construction vessels, and more than 3200 employees in over 40 different nationalities in strategically located offices in the region, the Swiber name is synonymous with excellence, safety, innovation and value among its customers. Swiber was featured on Forbes Asia’s “Best under a Billion” list, an honour given to the top 200 Asia-Pacific companies with consistent growth in both sales and profits over three years. Swiber continues to ascend the ranks of the nation’s “Top 100 Brands” in the Brand Finance’s Annual Report, ranking as one of the nation’s top 100 Brands in the Brand Finance’s Annual Report of “Singapore’s Intangible Assets and Brands” from 2010 to 2013. Swiber has also emerged a winner in Securities Investors Association (Singapore) (SIAS)’s Singapore Corporate Governance Award. All these reaffirm Swibers rapid growth as an EPIC player that is well-positioned to capitalise on the upswings of the offshore oil and gas sphere.

HALLIBURTON51,992 +65 6505 2800

We collaborate and engineer solutions to maximize asset value for our customers. Founded in 1919, Halliburton is one of the worlds largest providers of products and services to the energy industry. With more than 45,000 employees, representing 130 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset.

EQUINOR13,275 +65 6233 6533

Were Equinor, an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future. Were the leading operator on the Norwegian continental shelf and have substantial international activities. We are engaged in exploration, development and production of oil and gas, as well as wind and solar power. We sell crude oil and are a major supplier of natural gas, with activities in processing, refining, and trading. Our activities are managed through eight business areas, staffs and support divisions, and we have operations in North and South America, Africa, Asia, Europe and Oceania, and Norway. ______ On this page we encourage you to share your views on energy, sustainability, technology and innovation. We appreciate all feedback, but encourage politeness and a respectful tone.See our full privacy policy here: https://www.equinor.com/about-us/privacy-policy-and-data-protectionSee our policy for social media here: En: https://www.equinor.com/about-us/social-media#social-media-guidelines

Top Oil And Gas Companies in Vietnam

Key Statistics from 2022

According to the Ministry of Industry and Trade, the oil and gas industry contributed 6.5% to Vietnam's GDP in 2022. The industry also provided employment opportunities to over 15,000 people. Vietnam's oil production reached 11.27 million tons in 2022, an increase of 4.4% compared to the previous year. The country's natural gas production reached 10.3 billion cubic meters in 2022, an increase of 4.7% compared to the previous year.

Factors Contributing to its Growth and Success

The growth and success of the Oil & Gas Industry in Vietnam can be attributed to various factors, including the government's investment in infrastructure and the implementation of policies to attract foreign investment. The government has implemented policies to promote foreign investment in the industry, such as tax incentives, streamlined administrative procedures, and improved investment regulations.

Another factor contributing to the industry's growth and success is Vietnam's strategic location in Southeast Asia. Vietnam's location provides easy access to major regional markets, such as China, Japan, and South Korea. This has made it an attractive destination for foreign investors seeking to establish a foothold in the region.

Industry Growth and Comparison to Previous Years

The Oil & Gas Industry in Vietnam has experienced significant growth over the past decade. In 2011, the oil production was 16.11 million tons, and by 2022, it had decreased to 11.27 million tons. The natural gas production has increased from 7.1 billion cubic meters in 2011 to 10.3 billion cubic meters in 2022. These figures highlight the industry's significant contribution to Vietnam's economic growth.

Key Trends

Technological advancements have been a key trend in the Oil & Gas Industry in Vietnam. The adoption of new technologies, such as automation, artificial intelligence, and digital platforms, has become increasingly popular in the industry, allowing for more efficient and cost-effective operations. Additionally, the development of offshore wind energy and renewable energy sources presents an opportunity for the industry to diversify its energy mix and reduce its reliance on fossil fuels.

Another trend is the increasing focus on sustainability. With the growing awareness of the environmental and social impacts of the industry's operations, there is a growing emphasis on sustainability among companies operating in the Oil & Gas Industry. This presents an opportunity for the industry to invest in sustainable technologies and practices to reduce their environmental footprint and enhance their social responsibility.

Challenges

Despite the industry's growth and success, it still faces several challenges. One of the main challenges is the decline in oil production. The country's oil reserves are declining, and there is a need for more exploration and investment in new oil fields to maintain production levels.

Another challenge is the impact of global oil prices on the industry's profitability. The volatility of oil prices can significantly impact the industry's profitability, and there is a need for companies to manage this risk through effective risk management strategies.

Future Outlook

The future outlook for the Oil & Gas Industry in Vietnam is positive. The country's growing economy and strategic location make it an attractive destination for foreign investment in the industry. Looking ahead, the industry will continue to play a critical role in the country's economic and social development.

One potential area for further growth in the industry is the development of renewable energy sources. The development of offshore wind energy and other renewable energy sources presents an opportunity for the industry to diversify its energy mix and reduce its reliance on fossil fuels. This will require investment in research and development, as well as collaborations with domestic and international partners to develop innovative renewable energy solutions.

Another potential area for growth is the development of natural gas. With the increasing demand for cleaner energy sources, natural gas presents an opportunity for the industry to meet this demand and reduce its environmental footprint. Additionally, the development of natural gas infrastructure and distribution networks can help to improve energy security and diversify the country's energy sources.

Conclusion

In conclusion, the Oil & Gas Industry in Vietnam has been an important contributor to the country's economic growth and development. The industry has experienced significant growth over the past decade, driven by the government's investment in infrastructure and policies to attract foreign investment. Addressing challenges such as the decline in oil production and the impact of global oil prices on profitability will be critical to sustaining the industry's growth in the long term. The development of renewable energy sources and natural gas presents exciting opportunities for the industry to continue its contribution to the country's economic and social development while reducing its environmental footprint.

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By Melissa Goh
Published on 31 May 2023