The Philippine Navy (PN) will secure government personnel and private companies that would conduct oil exploration activities in the West Philippine Sea (WPS). “Your Philippine Navy and your Armed Forces are ready to provide security and protection to any effort by the national government to...
Senate President Francis “Chiz” Escudero on Monday, March 3 grilled officials of the Department of Environment and Natural Resources (DENR) to explain why there are substantial number of inactive, non-operational, invalid or unused exploration permits (EPs) and mineral production sharing...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (PPAB) Cagayan de Oro City 2nd district Rep. Rufus Rodriguez is up in arms over Department of Foreign Affairs (DFA) Secretary Enrique Manalo's statement the country was open to...
Tycoon Manuel V. Pangilinan, who is also the chairman of PXP Energy Corporation, has an extraordinary wish for this year’s holiday season – a “Chinese Santa Claus” who will finally give a strife-free nod to petroleum exploration in the turbulent waters of West Philippine Sea,...
The newly collected data from the completed seismic surveys of Israeli firm Ratio Petroleum and state-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) will enable a comprehensive assessment of the actual reserves’ potential for oil and gas at their service contracts in the...
Pangilinan-led PXP Energy Corporation has formally secured the approval of the Department of Energy (DOE) for the relinquishment of its interest in a petroleum block in the Northwest Palawan basin that was previously awarded under Service Contract (SC) 74. “The DOE has approved the surrender of...
BY MYRNA VELASCO The ongoing geothermal exploration and development activities of the Sy-led Philippine Geothermal Production Company, Inc. (PGPC) will beef up the country’s baseload power capacity by up to 400 megawatts (MW), once the steam output would already be fed into offtaker-generating...
Ayala-led ACEN Corporation has inked a contract with subsidiary ENEX Energy Corporation (ENEX) for the agreed shares subscription covering 177,544,011 non-voting preferred shares of the latter to be issued at a par value of P1.00 per share. According to ACEN, the shares will be issued from ENEX’s...
Gas field operator Prime Energy Resources Development B.V. (Prime Energy) has announced the award of a contract to US firm subsidiary One Subsea of the Schlumberger group, for the supply of equipment for phase 4 drilling in the extended Malampaya project. The supply of equipment, according to the...
The Department of Energy (DOE) and Ministry of Environment, Natural Resources and Energy (MENRE) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) are advancing on their ‘courting stage’ for capital flow on energy projects that shall be installed in the region. On top of that, the...
The Department of Energy (DOE) will be undertaking this year the first bid round to woo prospective investors for energy infrastructure developments in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). The department announced that the launch of the planned auction for conventional...
With the increasing dependency on imports of energy resources, the country should enhance its policies on indigenous sources to ensure energy sources are sufficient for short to long-term use, the government’s think-tank researchers said. In a policy note titled “Evaluating energy security in...
