The Commission on Audit (COA) has registered P800,000 in aggregate cost savings following the installation of solar panels in the rooftop of its two-building offices in Quezon City. The solar rooftop installation of the state audit agency had been carried out in partnership with state-run...
The decision of the Supreme Court to void the 2005 Tripartite Agreement for Joint Marine Seismic Undertaking (JMSU) among China National Offshore Oil Corporation (CNOOC), Vietnam Oil and Gas Corporation (PETROVIETNAM), and the Philippine National Oil Company (PNOC) is a welcome development. The...
South Premiere Power Corporation (SPPC), a subsidiary of San Miguel Corporation, stood its ground that it has a supply contract for 70.26 petajoules (PJ) of banked gas that has to be lifted from the Malampaya gas field project. The SMC company has contradicted the statement of the Malampaya...
The plan of state-run Philippine National Oil Company (PNOC) to establish the country’s strategic petroleum reserve (SPR) or oil stockpiling has been ditched after the Senate junked the proposed budget for this project. Senate Committee on Energy Vice Chairman Sherwin Gatchalian indicated that...
The budget of the Philippine National Oil Company (PNOC) has been reduced by P2.5 billion for 2023 as part of efforts to compel the government-owned and controlled corporation (GOCC) to refocus its mandate into providing stable and secure supply of oil, including the exploration of oil and gas. The...
A re-entry of state-run Philippine National Oil Company (PNOC) into oil marketing and trading has been proposed, so that government can position itself as the “price leader” that can offer cheaper petroleum products not just to public utility vehicle (PUV) drivers but even to the wider...
A board director of state-run Philippine National Oil Company (PNOC) sounded off that incoming President Ferdinand Marcos Jr. will likely revive the "joint exploration deal" with China, indicating that extraction of petroleum resources can finally progress at the contested West Philippine Sea...
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...
