The government looks to build its own oil reserve in a bid to lessen the country’s dependence on imported oil and thus, exposure to price or supply volatilities. This would be done...
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) plans to draw more natural gas from the Malampaya field in Palawan. Back in June, PSALM signed a memorandum of understanding (MOU) with...
Government-owned Philippine National Oil Company (PNOC) has appointed its SVP for Energy Business Graciela Barleta as its Officer-In-Chief (OIC) President and CEO. Barleta takes over from PNOC President and CEO Reuben Lista,...
Government-owned Philippine National Oil Company (PNOC) said it has begun looking into the possible development of fuel, electricity, or both from deuterium. Deuterium is a hydrogen isotope with a nucleus made up...
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...
First Gen Corporation has confirmed its interest in purchasing the Philippine National Oil Company’s (PNOC) “banked gas” from the Malampaya gas field worth Php33 billion to Php38 billion. In a disclosure to...
Less than a week after Davao-based tycoon Dennis Uy secured control of the Malampaya gas-to-power project, Phoenix Petroleum — a firm under his Udenna Group — is said to be offering to...
The Udenna Group’s UC Malampaya Philippines Pte. Ltd. is seeking to resolve its Php27.3-billion dispute regarding capacity payments for the 1,200-megawatt Ilijan gas-fired power project in Batangas City. The company formally raised this...
Senators have raised eyebrows over Chevron’s sale of its 45% stake in the Malampaya gas-to-power project to Udenna Corporation of Davao-based magnate Dennis Uy. Sen. Sherwin Gatchalian, chairman of the Senate Committee...
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...
