Pangilinan-led PXP Energy Corporation has acquired participating interests in three newly awarded petroleum service contracts, expanding its upstream exploration footprint in the Sulu Sea and Northwest Palawan. In its SEC disclosure today,...
Enrique Razon-led Prime Infra Holdings said it is poised to acquire a controlling stake in the Malampaya gas-to-power project in Palawan from Udenna Corporation of Davao-based tycoon Dennis Uy. Prime Infra said...
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After securing Service Contract (SC) 77, SK Liguasan Oil and Gas Corporation (SKLOGC) is targeting to acquire two rigs to begin drilling inside the Cotabato Basin within six to eight months. Based...
The Department of Energy (DOE) has ordered PXP Energy Corporation to put on hold its exploration activities, particularly for its Service Contract (SC) 72 and 75 blocks in the West Philippine Sea...
The Department of Energy (DOE) has issued a petroleum service contract to SK Liguasan Oil and Gas Corporation (SKLOGC) to develop the Cotabato Basin, which includes the Liguasan Marsh. According to a...
The board of Ayala-led ACE Enexor has approved the conduct of a follow-on offering (FOO), wherein 74 million shares would be issued. In a disclosure to the Philippine Stock Exchange on Tuesday,...
The Department of Energy (DOE) has approved the proposal of Ayala-led ACE Enexor and joint venture partner Pryce Corporation consortium to commence drilling in the Service Contract (SC) 55 exploration block in...
Manny V. Pangilinan-led PXP Energy said it is drilling two appraisal wells in its Service Contract (SC) 72 exploration block in gas-rich Recto Bank in the West Philippine Sea. “Each of Forum...
Government-owned PNOC-Exploration Corporation (PNOC-EC) is in search of joint venture partners for an oil and gas exploration venture off the Calamian Islands in northern Palawan. In its “Invitation to Farm-In” posted on...
Ayala-led ACEN is set to swap some of its assets for shares in exploration unit ACE Enexor, Inc. in a deed of assignment that the two entities cymbalta online in the best...
Ayala-led ACEN has dropped oil exploration as one of its businesses amid its drive to build an all-renewable energy portfolio by 2025. The move was approved by the company’s shareholders during its...
Ayala-led ACE Enexor has named Rolando “Don” Paulino, Jr. as its new president and one of its directors effective January 1, 2022. In a disclosure to the Philippine Stock Exchange, Enexor said...
The government is planning to invest Php502 billion over the next two decades with the intention of extracting up to 4.0 trillion cubic feet (TCF) to replace the resources of the depleting...
Amid the ongoing debate over Udenna Corporation’s impending takeover of the Malampaya gas facility, the Department of Energy phenergan online in the best USA pharmacy https://cphia2023.com/wp-content/uploads/2025/03/jpg/phenergan.html no prescription with fast delivery drugstore...
Vice President Leni Robredo said she will not purse any oil exploration venture with China in the West Philippine Sea (WPS) should she win the presidency in next year’s elections. Speaking at...
The Manila Electric Company (MERALCO) is planning to conduct a competitive selection process (CSP) for a power supply agreement (PSA) that would replace capacity coming from First Gen Corporation’s power plants that...
Amid the Malampaya gas field’s dwindling resources, an official of the PNOC-Exploration Corporation (PNOC-EC) said three areas in Mindanao could take over in terms of providing the country its own supply of...
Citing the steady order voltaren online in the best USA pharmacy https://www.garciawestberg.com/wp-content/uploads/2025/09/html/order-voltaren.html no prescription with fast delivery drugstore decline in the Malampaya gas field’s reserves and lack of investments in exploration, global...
The country’s energy sector is gearing up for a “triple whammy” next year, especially in the peak demand months of summer due to high chances of continued forced outages, the derating of...
The Department of Energy (DOE) said it will implement the 60-40 ownership rule in joint explorations with China in the West Philippines Sea (WPS). Energy Usec. Felix William Fuentebella said during the...
The Department of Energy (DOE) is being urged to bid out an operation and maintenance (O&M) agreement for the Malampaya gas-to-power project, so it can continue operating without issues beyond the expiration...
Dennis Uy’s Udenna Corporation has finally raised concerns regarding the production shortfall of the Malampaya gas field, which could worsen the country’s current power problems. Malampaya Energy XP Pte. Ltd. (MEXP), the...
The Department of Energy (DOE) said it is looking to have at least five petroleum wells drilled within the West Philippine Sea (WPS) The department particularly said it is expecting the drilling...
The Udenna Group of Davao-based tycoon Dennis Uy defended subsidiary Malampaya Energy XP’s (MEXP) purchase of Shell Philippines Exploration B.V. (SPEX), saying it has the funds to operate the gas project. MEXP...
The Department of Energy (DOE) has admitted that it used an unaudited financial statement of Udenna Group unit UC38 LLC in approving the Dennis Uy-led firm’s acquisition of Chevron’s 45% stake in...
The Department of Energy (DOE) will “extensively review” a Udenna Group unit’s purchase of Chevron’s 45% stake in the Malampaya gas facility after the Senate questioned the sale of Shell’s 45% share...
Since a non-technical buyer is expected to take over the Malampaya gas-to-power project, Shell Philippines Exploration B.V. (SPEX) said that will undergo a “six-month transition operation” on the platform as part of...
Global firms Chevron Corporation and Royal Dutch Shell made over Php350 billion in revenues from the Malampaya gas-to-power project before their respective exits from the venture. Based on a Manila Bulletin report,...
Businessman Manny V. Pangilinan, who leads the Service Contract (SC) 72 consortium, said he needs a technical partner to proceed with the exploration of the Recto Bank oil and gas field in...
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...
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...
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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,...
State-run PNOC Exploration Corporation (PNOC-EC) emphasized the importance of a well-crafted study of the Philippines’ 16 sedimentary basins to make these marketable for prospective investors. PNOC-EC President Rozzano Briguez stressed in a...
Ayala exploration arm ACE Enexor Inc. is in search of a deep-pocketed and technically experienced partner for its planned exploration venture off the northwestern coast of Palawan, according to its chairman Eric...
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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....
