West Philippine Sea (Wikipedia) Maintaining Philippine presence in an oil-rich area is another advantage of the Malampaya service deal extension. Thus, said House Deputy Speaker and Batangas 6th district Rep. Ralph Recto, who hailed President Ferdinand "Bongbong" Marcos Jr.'s signing on Monday, May...
President Ferdinand "Bongbong" Marcos Jr. has renewed his administration's commitment to ensuring energy security in the country [as he signed the renewal agreement for the Malampaya Deep Water Gas-to-Power Project](https://mb.com.ph/2023/5/15/marcos-signs-malampaya-sc-renewal-agreement). *President...
Following the 15-year renewal of the Service Contract 38 for the Malampaya project, Razon-led operator firm Prime Energy can already carry out exploration drilling activities beyond the existing production area of the depleting gas field. This developed after President Ferdinand R. Marcos Jr....
President Ferdinand "Bongbong" Marcos Jr. has signed the Renewal Agreement for the Malampaya Service Contract No. 38 (SC 38), allowing the continued production of the Malampaya gas field until Feb. 22, 2039. *President Marcos signs Renewal Agreement for the Malampaya Service Contract No. 38 (SC...
WASHINGTON, D.C.— The Philippines will continue to negotiate with China over its claims on the Malampaya natural gas fields. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of KJ Rosales/PPA Pool) President Ferdinand "Bongbong" Marcos Jr. bared this as he concluded his five-day visit in...
Consunji-led Semirara Mining and Power Corporation (SMPC), the country's largest producer of coal, is diversifying into liquefied natural gas (LNG) for the power generation segment of its business amid strong environmental, social, and governmental (ESG) pressures, according to the conglomerate’s...
Motorists can rest easy this week, as the price of gasoline products will be on rollback by P1.50 per liter, while diesel prices will also go down by P1.30 per liter, based on the announcement by oil companies. Industry players also sent notices for a price cut of P1.40 per liter for kerosene, an...
Officials from the Philippines and China will meet in May to discuss the parameters and terms of reference of the two countries' possible joint oil and gas exploration in the South China Sea. According to the Department of Foreign Affairs (DFA), the meeting will prepare Manila and Beijing for their...
The Philippines and China will resume talks on a possible joint oil and gas exploration in the West Philippine Sea (WPS) at a "technical level," Foreign Affairs Secretary Enrique Manalo bared. In an interview transcript shared by the Department of Foreign Affairs (DFA) to the media on Thursday,...
The Energy Regulatory Commission (ERC) indicated that it will be studying the probable rate hikes or cost impact that consumers will have to brace for; once all the gas sale and purchase agreements (GSPAs) for the Malampaya gas field project will expire by next year. ERC Chairperson Monalisa C....
The Philippines should invest in the liquefied natural gas (LNG) industry at least in the short and medium term to ensure that the country will have sufficient power supply, Sen. Sherwin Gatchalian said on Monday, February 27. Gatchalian made the suggestion as he threw his support behind the...
The 15-year license extension of the Malampaya gas field project being sought by Prime Energy of the Razon group is now under review by the Office of President Ferdinand Marcos, Jr, according to the Department of Energy (DOE). In a statement to the media, Tuesday, Feb. 14, the DOE stated that it...
