Tag page - petroleum service contract

To expand domestic energy development amid the ongoing global price and supply volatility, the Department of Energy (DOE) announced that two new petroleum service contracts (SCs) will soon begin operations. In a statement on Tuesday, April 7, the DOE said that President Ferdinand R. Marcos Jr....

President Marcos said the signing of eight landmark petroleum service contracts (PSCs) worth over $200 million would reduce the Philippines’ near-total dependence on imported fuel and secure its long-term energy future. Speaking at the signing ceremony in Malacañan, the President said the...