The Department of Energy (DOE) is being urged to bid out an operation and maintenance (O&M) agreement for the Malampaya project, so the gas field can continue operating without hitches beyond the expiration of its service contract in 2024. According to Senate Committee on Energy Chairman...
The Department of Energy (DOE) is being urged to exercise ‘utmost transparency’ on its anticipated approval of the 45-percent Malampaya equity divestment of Shell Philippines Exploration B.V. (SPEX) to Malampaya Energy XP Pte. Lt., a subsidiary of Udenna Corporation owned by businessman Dennis...
Philippine Fisheries Development Authority (PFDA) and Philippine National Oil Company Renewables Corporation (PNOC RC) are eyeing potential partnerships in renewable energy (RE). This move should help PFDA, an attached agency to the Department of Agriculture (DA), conserve energy within the fish...
The Department of Energy (DOE) is seeking government’s return to power generation business to primarily serve the power system’s requirement for reserves or ancillary services. Energy Secretary Alfonso G. Cusi said the proposal is anchored on “allowing the government to engage in limited...
Uy-led firm Phoenix Petroleum Philippines Inc. has denied interest to buy the ‘banked gas’ of state-run Philippine National Oil Company (PNOC) that shall be extracted from the Malampaya field. It was no less than PNOC President and CEO Reuben S. Lista who indicated that Phoenix Petroleum is...
Lopez-led First Gen Corporation confirmed that it remains very keen on buying the ‘banked gas’ that can still be extracted from the Malampaya field. According to Jerome Cainglet, vice president of First Gen, “we have expressed our interest to purchase the banked gas for use of our gas-fired...
Listed firm Phoenix Petroleum Philippines Inc., another company of businessman Dennis Uy, is reportedly offering to buy the Malampaya ‘banked gas’ of state-run Philippine National Oil Company (PNOC) that had been previously valued between $700 million to $800 million, approximately P33 billion...
The Department of Energy and state-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) have collaboratively called for greater inflow of investments in the country’s upstream petroleum sector if the Philippines would really have to cement its energy security pathway....
The Duterte administration is now on its last year stretch, but the government still cannot give a definitive timeframe on when the decision on the propounded license extension of the Malampaya project will be laid down. “We don’t have final decision yet of the DOE (Department of Energy) and...
A pending legislative measure is seeking to refocus the investment mandate of state-run Philippine National Oil Company (PNOC) into exploration and production (E&P) ventures in the oil and gas sector, and for it to transform itself as a global champion in that industry similar to the...
Between legislated policies or crafted rules and their actual implementations, there are always gaps to be filled in or addressed so tangible investments will flow. It is within that context that stronger collaboration between private sector players and government leaders is sought, so that missing...
State run Philippine National Oil Company-Exploration Corporation (PNOC-EC) is targeting to re-assess the potential of Liguasan Marsh for prospective commercial gas discovery that may then be re-aligned as among the replacement-finds for Malampaya....
