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...
TOKYO, Japan —The Philippines remains in a "deadlock" in resolving the energy exploration issues in the West Philippine Sea (WPS), President Marcos said. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos emphasized the need to resolve the increasing tensions in the...
The firms comprising the Malampaya consortium are already preparing for fresh round of ‘capital expenditures call’ to bankroll their committed drilling of 2-3 wells as one of the major conditions in their 15-year contract extension, according to Energy Secretary Raphael P.M. Lotilla. “The...
Pangilinan-led PXP Energy Corporation is still focused on intensifying its plea to the government for the targeted lifting of the ‘force majeure’ roadblock that had been enforced on its planned exploration and drilling activities at its petroleum blocks along Palawan basin. The company has been...
Investors from the Middle East – primarily energy companies from Qatar, United Arab Emirates (UAE) and Saudi Arabia – are enthusiastically eyeing to funnel investments into offshore oil and gas exploration ventures in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), according to...
The Department of Energy (DOE) has conveyed to Congress that President Ferdinand Marcos Jr. has given the go-signal to oil and gas exploration and drilling activities in the country, including at the disputed waters of the West Philippine Sea (WPS). When quizzed by Representative France Castro...
Philippine upstream company PXP Energy Corporation is now coming to terms with the idea that the resumption of exploration at the Recto Bank prospect will rely on the political decision of the national government (NG), primarily considering the diplomatic alliances of the administration with global...
An Intergovernmental Energy Board (IEB) Circular has been jointly inked by the Department of Energy (DOE) and the Ministry of Environment, Natural Resources, and Energy (MENRE) to kickstart investments in coal, and petroleum exploration and development in the Bangsamoro Autonomous Region in Muslim...
The Malampaya consortium led by field operator Prime Energy of the Razon group will cough up $600 million to $630 million in fresh capital outlay for the first phase of its committed work program that will include the drilling of 2-3 production wells. In a briefing with the media, Energy...
