18Jan 2018, Today in Hanoi, Singapore-based Enterprize Energy and partner Renewable Energy Global Solutions (“REGS”), together with PetroVietnam consortium comprising Petroleum Equipment Assembly & Metal Structure (“PVC-MS”) and VietSovPetro (“VSP”), MHIVestas Offshore Wind (“MVOW”), and DNV GL signed a series of exclusive Agreements forming an alliance for multi-phased, utility-scale wind developments, offshore Southern Vietnam, including feasibility, environmental, development, financing planning through implementation.

Today Enterprize Energy and fellow Singapore-based Renewable Energy Global Solutions (“REGS”) signed a Memorandum of Understanding (MOU) with Petroleum Equipment Assembly & Metal Structure J.S.C and Vietsovpetro whereby the companies will collaborate to develop the technical specifications for the design, development, construction and operation of a multi-phased wind development, offshore Southern Vietnam.

Currently, Tho Trang 3 Topside, a project that was invested by Vietnam-Russia Joint Venture and constructed by Petroleum Equipment Assembly and Metal Structure JSC (PVC-MS, stock symbol: PXS), was successfully loaded out. Earlier, the company had completed and handed over Tho Trang 3 jacket to VSP for offshore installation in August, 2016.

6 July 2015 at Vung Tau, Vietnam-Russia joint venture Vietsovpetro, Corporation PetroVietnam Construction Joint Stock Vietnam (PVC) and Corporation Petroleum Consultant Design (PVE) has signed the strategic cooperation agreement: "agreement on technical design between PVE and Vietsovpetro" and "cooperation agreement between Vietsovpetro-PVC-PVE for mine development project block B".

On November 2, 2016, Petroleum Equipment Assembly and Metal Structure JSC (PVC-MS, stock symbol: PXS) successfully erected Tho Trang 3 Upper deck at Vietnam-Russia Joint Venture Port. The project was invested by Vietsovpetro. As a general contractor, PVC-MS performed jacket, piles and topside fabrication.