PXP Energy Corporation is highly optimistic it would secure two service contracts (SCs) in the Sulu Sea and the Recto Bank in the West Philippine Sea (WPS) in a bid to revive...
Amid the continuous firing of diplomatic protests on Chinese incursion in the West Philippine Sea (WPS), four service contracts (SCs) for oil and gas exploration in the hotly-contested waters are up for...
Shell said that it has exercised “careful consideration” in deciding to sell its 45% share in the Malampaya gas-to-power project to Dennis Uy’s Udenna Corporation nearly two weeks ago. In a report...
Dennis Uy’s Udenna Corporation now controls the consortium running the Malampaya gas field in Palawan with 90% ownership after it purchased Shell Philippines Exploration B.V. (SPEX). Udenna subsidiary Malampaya Energy XP Pte....
Energy Sec. Alfonso Cusi asserted the country’s ownership of the West Philippine Sea (WPS) amid the controversy over Pres. Rodrigo Duterte’s his “jet ski” statement in the 2016 presidential campaign, which he...
The Department of Energy (DOE) has approved Palawan55 Exploration & Production Corporation’s request to place its Service Contract (SC) 55 exploration block under Force Majeure for one year. In separate disclosures to...
Amid Pres. Rodrigo Duterte’s pronouncements that he can no longer get back territories claimed by China in the West Philippine Sea (WPS), the Department of Energy (DOE) said it still aims to...
The Malampaya gas production facility yielded a total of $11.9 billion (around Php573 billion) in revenues with the national government receiving the bulk worth Php325 billion, as of end-December 2020, the Department...
Government-run PNOC-Exploration Corporation (PNOC-EC) said it is unlikely to begin its first oil-drilling activities within the remaining days of the Duterte administration even with the government’s push for the harnessing of indigenous...
PXP Energy Corporation has cut its core net loss by 66.9% to Php5.6 million in the first quarter of the year from Php16.9 million in the same period last year. In a...
