Tag page - petroleum block

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...

Israeli firm Ratio Petroleum Ltd. (Ratio) will reinvigorate exploration activities at Philippine waters, as the company is already scheduled to kick off 3D seismic survey this month at its awarded petroleum block within offshore East Palawan basin. The Department of Energy (DOE) announced that the...

The Department of Energy (DOE) is offering another petroleum block to interested investors, this time the prospect straddles offshore Cotabato basin in Mindanao. The block, according to the department, was nominated by an investor-group and it will be placed on a 60-day competitive challenge before...