Camarines Sur 2nd district Rep. LRay Villafuerte remains hopeful that the government's planned strategic petroleum reserve (SPR) would get off the ground before President Duterte ends his term on June 30, 2022. (Photo from LRay Villafuerte's Facebook) This, after the Chief Executive tapped a touted...
A former senior undersecretary of the Department of Energy (DOE) has been designated by President Rodrigo Duterte as President of state-run Philippine National Oil Company (PNOC). According to the DOE, former Energy Undersecretary Jesus Cristino Posadas officially took over as PNOC President since...
The Department of Energy (DOE) is eyeing to firm up a deal with the Japanese government, via the Japan Oil, Gas and Metals National Corporation (JOGMEC), for the conduct of a feasibility study that could concretize the proposed strategic petroleum reserve (SPR) or oil stockpiling in the country....
The Philippine National Oil Company-Exploration Corporation (PNOC-EC) effectively protected the country’s national interest when it blocked the sale of Shell Philippines Exploration B.V.’s (SPEX) stakes to Malampaya Energy XP Pte. Ltd., a subsidiary of Dennis Uy-led Udenna Corp., in the...
House Asst. Majority Leader and Cebu First District Rep. Eduardo Gullas slammed on Wednesday, Dec. 8 the Makati Business Club (MBC) for calling on the government to take control of the operations of the offshore Malampaya gas field. Malampaya gas field Gullas, chairman of the House Committee on...
Senator Risa Hontiveros on Tuesday said Energy Secretary Alfonso Cusi and businessman Dennis Uy should reveal the “mystery shopper” instead of filing libel charges against members of the media for supposed unfair reporting over a graft complaint they’re facing over Uy’s controversial buyout...
The Integrated Bar of the Philippines (IBP) has asked the Department of Energy (DOE) to rescind the approval it granted to Udenna Corporation for the acquisition of the 45 percent shareholdings of Chevron Corporation in the multi-billion Malampaya deep water gas-to-power project. In a statement,...
Uy-led Udenna Corporation has committed to fulfill its contractual obligation under Malampaya’s Service Contract 38 (SC38) to extract the P30 billion to P35-billion worth of ‘banked gas’ for state-run Philippine National Oil Company (PNOC) According to Udenna President Raymundo Martin M....
The Department of Energy (DOE) is reviving plans for the creation of a government-run oil stockpile that will store both crude oil and finished petroleum products amid global oil prices hitting all-time high at $75 per barrel. DOE Logo The energy department is eyeing to concretize that plan via its...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is awaiting firm commitment from Philippine National Oil Company (PNOC) before deciding to advance any further discussion or negotiation on its targeted purchase of the ‘banked gas’ that can be utilized for the...
The Annual Stockholders’ Meeting of PNOC Exploration Corporation on August 27, 2021 will be held virtually over a secure online meeting platform. The company has announced that due to current public health concerns, stockholders may participate via remote communication, and cast their votes only...
PNOC Exploration Corporation will hold its Annual Stockholders’ Meeting online on August 27, 2021. Due to public health concerns, stockholders may participate through remote communication, and cast their votes only through online casting of votes/proxies.
