The Department of Energy (DOE) said it stands firmly behind any of Pres. Rodrigo Duterte’s decisions and actions regarding the assertion of the exclusive licensing authority of the Philippines over petroleum and...
ACE Enexor, Inc. (ACEX), the exploration unit of Ayala-led AC Energy, is planning to drill an exploratory well within the Service Contract (SC) 55 block off the coast of southwestern Palawan by...
Due to the huge impact of the COVID-19 pandemic on the upstream oil industry, the Department of Energy (DOE) is evaluating a request to place Service Contract (SC) 55 off the southwestern...
ACE Enexor Inc. aims to solidify its partnership and drilling plan for Service Contract (SC) 55 off the southwestern coast of Palawan within the first half of 2021. ACE Enexor Chairman Eric...
The Malampaya gas field’s output took a hit from the economic slowdown caused by the COVID-19 pandemic, as it produced 107.902 billion standard cubic feet (bscf), down 30.6% from the all-time high...
ACE Enexor, Inc., the exploration arm of Ayala-led AC Energy, has moved to leave the joint venture handling Service Contract (SC) 6 off the coast of northern Palawan. In a disclosure to...
State-owned PNOC-Exploration Corporation (PNOC-EC) revived its interest to explore the Liguasan Marsh’s oil and gas potential. PNOC-EC President and CEO Rozzano Briguez said at the Philippine Energy Transition Forum last week that...
The stock price of Ramos family-run The Philodrill Corporation took a huge jump at the Philippine Stock Exchange (PSE) on Tuesday following its takeover of the Onshore Mindoro gas exploration project. Philodrill,...
The Department of Energy (DOE) is beefing up efforts to attract Php10 trillion in new energy projects under the updated Philippine Energy Plan. Michael Sinocruz, chief of the DOE’s Planning Division said in...
The Department of Energy (DOE) has received a total of 14 applications for exploration activities for oil and gas throughout the country. Speaking at the virtual 16th Energy Investment Forum on Friday,...
