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..
Tag Archives: oil exploration
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..
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 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..
Manny V. Pangilinan-led PXP Energy significantly cut its losses last year with plug and abandonment costs reduced while waiting for the government’s go-signal for the..
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..
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..
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..
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 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..
