State-owned Philippine National Oil Company (PNOC) said it will begin its feasibility study on establishing a strategic petroleum reserve next year due to delays brought by the COVID-19 pandemic. The study, which was...
Following the lifting of the oil exploration moratorium in the West Philippine Sea, the Philippine National Oil Company – Exploration Corporation (PNOC-EC) is looking to start drilling operations near the Malampaya gas...
Just days after President Rodrigo Duterte lifted the moratorium on oil and gas explorations in the West Philippine Sea (WPS), China says it has made agreements with the Philippines on the matter....
Energy Secretary Alfonso Cusi reiterates that Philippine laws will be followed in the service contact (SC) areas that are even within the West Philippine Sea (WPS). This follows President Rodrigo Duterte’s lifting...
The Philippine National Oil Company (PNOC) has signed a Memorandum of Understanding (MOU) with New York-based New Fortress Energy LLC (NFE) to develop infrastructure to supply reliable, cost-competitive power and natural gas...
With the impending depletion of the Malampaya gas field’s reserves and amid warming relations between the Philippine and Chinese governments, President Rodrigo Duterte has approved the Department of Energy’s (DOE) recommendation to...
With the depleting resources in the Malampaya gas field, the Department of Energy (DOE) has given the green light to four companies to build liquefied natural gas (LNG) terminal projects. The companies...
Energy Secretary Alfonso Cusi vowed to include nuclear power into the Philippines’ energy mix even without the revival of the Bataan Nuclear Power Plant (BNPP), he told senators at the hearing for...
Phoenix Petroleum Philippines, Inc. of Davao-based tycoon Dennis Uy is now among the country’s “Big Three” oil industry players. Data from the Department of Energy (DOE) in the first half of the...
Lockdowns, refinery shutdowns, and travel restrictions due to the COVID-19 pandemic knocked down crude oil import volumes in the first half of 2020 with 28% year-on-year, while refined petroleum import volumes dropped...
