State-run Philippine National Oil Company (PNOC) has signed a deal with Indonesian oil and natural gas firm PT Pertamina to collaborate on liquefied natural gas (LNG) partnerships and other initiatives in the energy sector. During the Norway-Philippines LNG Summit 2024, Oliver Butalid, PNOC...
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...
State-run Philippine National Oil Company- Exploration Corporation (PNOC-EC) has indicated to Congress that it is preparing for the drilling of two new wells at the Malampaya gas field in 2025.PNOC-EC Manager for Planning and Budget Department Alexis Dela Torre stated that the consortium-members at...
System operator National Grid Corporation of the Philippines (NGCP) has filed its motion for reconsideration (MR) with the Energy Regulatory Commission (ERC) for its request to be allowed monthly renewal of its ancillary services (AS) contracts while its procurement processes for power reserves are...
The Commission on Audit (COA) has registered P800,000 in aggregate cost savings following the installation of solar panels in the rooftop of its two-building offices in Quezon City.
The solar rooftop installation of the state audit agency had been carried out in partnership with state-run...
The decision of the Supreme Court to void the 2005 Tripartite Agreement for Joint Marine Seismic Undertaking (JMSU) among China National Offshore Oil Corporation (CNOOC), Vietnam Oil and Gas Corporation (PETROVIETNAM), and the Philippine National Oil Company (PNOC) is a welcome development.
The...
South Premiere Power Corporation (SPPC), a subsidiary of San Miguel Corporation, stood its ground that it has a supply contract for 70.26 petajoules (PJ) of banked gas that has to be lifted from the Malampaya gas field project.
The SMC company has contradicted the statement of the...
The plan of state-run Philippine National Oil Company (PNOC) to establish the country’s strategic petroleum reserve (SPR) or oil stockpiling has been ditched after the Senate junked the proposed budget for this project.
Senate Committee on Energy Vice Chairman Sherwin Gatchalian indicated that...
The budget of the Philippine National Oil Company (PNOC) has been reduced by P2.5 billion for 2023 as part of efforts to compel the government-owned and controlled corporation (GOCC) to refocus its mandate into providing stable and secure supply of oil, including the exploration of oil and...
A re-entry of state-run Philippine National Oil Company (PNOC) into oil marketing and trading has been proposed, so that government can position itself as the “price leader” that can offer cheaper petroleum products not just to public utility vehicle (PUV) drivers but even to the wider...
A board director of state-run Philippine National Oil Company (PNOC) sounded off that incoming President Ferdinand Marcos Jr. will likely revive the "joint exploration deal" with China, indicating that extraction of petroleum resources can finally progress at the contested West Philippine Sea...
