Sen. Shewin Gatchalian has filed a bill seeking to refocus the Philippine National Oil Company’s (PNOC) investment mandate into oil and gas exploration ventures, as well as to level up itself with...
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...
Given the Malampaya gas field’s depleting resources, the Senate energy committee is filing a measure that seeks to repurpose the investment function of state-owned Philippine National Oil Company (PNOC), so it can...
The Philippine National Oil Company (PNOC) has signed a Memorandum of Understanding (MOU) with New York-based New Fortress Energy LLC (NFE) to develop infrastructure to supply reliable, cost-competitive power and natural gas...
Shell Philippines Exploration B.V. (SPEX) is eyeing the sale of its 45% interest in the $4.5 billion Malampaya deep water gas-to-power project. In a report from Reuters, the company said the proposed...
The Philippine National Oil Co. (PNOC) Group has shelved P7 billion to support the national government’s efforts to cushion the impact of the coronavirus disease 2019 (COVOD-19) pandemic. Department of Energy (DOE)...
Chevron Corporation is formally seeking ‘right of first refusal’ from energy partners Shell Philippines Exploration B.V. (SPEX) and Philippine National Oil Company-Exploration Corporation (PNOC-EC) following the buyout offer presented by the Udenna...
The Philippine National Oil Company (PNOC) is in initial discussions with foreign firms for the targeted setting up of a “strategic reserve” that will act as the country’s oil reservoir in case...
