Tag: #PNOC
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New PNOC chief gives Bicol solon hope for future of national fuel reserve
Camarines Sur 2nd district Rep. LRay Villafuerte remains hopeful that the government’s planned strategic petroleum reserve (SPR) would get off the ground before President Duterte ends his term on June 30, 2022.
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Solon chides MBC for seeking PNOC takeover of Malampaya gas field
House Asst. Majority Leader and Cebu First District Rep. Eduardo Gullas slammed on Wednesday, Dec. 8 the Makati Business Club (MBC) for calling on the government to take control of the operations of the offshore Malampaya gas field.
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Hontiveros to Cusi, Uy: Drop libel case vs media, reveal ‘mystery shopper’ in Malampaya deal
Senator Risa Hontiveros on Tuesday said Energy Secretary Alfonso Cusi and businessman Dennis Uy should reveal the “mystery shopper” instead of filing libel charges against members of the media for supposed unfair reporting over a graft complaint they’re facing over Uy’s controversial buyout of the Malampaya gas field.
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Bill seeks to refocus PNOC investments to exploration
A pending legislative measure is seeking to refocus the investment mandate of state-run Philippine National Oil Company (PNOC) into exploration and production (E&P) ventures in the oil and gas sector, and for it to transform itself as a global champion in that industry similar to the achievements of many of its peers all over the world.
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Uy seeks resolution of Ilijan plant issues
Uy-led UC Malampaya Philippines Pte. Ltd. is seeking resolution of the P27.3-billion dispute on capacity payments for the 1,200-megawatt Ilijan gas-fired power project; and it formally lodged this concern in a Senate hearing as one of the major issues that the company wants to be accorded with definitive settlement relating to the future of the Malampaya gas field project.
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Chevron’s sale of Malampaya stake to Udenna is ‘voidable contract’ –DOE
The $565 million sale of American energy giant Chevron Corporation for its 45-percent stake in Malampaya to businessman Dennis Uy’s Udenna Malampaya LLC is a “voidable contract,” the Department of Energy (DOE) has disclosed in a Senate hearing.
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Senate plans to reframe PNOC mandate as oil/gas exploration firm
The Senate committee on energy is filing a legislative measure that will re-frame the investment function of state-run Philippine National Oil Company (PNOC), so it can concentrate its activities on oil and gas exploration ventures.
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PNOC signs deal with US firm for LNG project
State-run Philippine National Oil Company (PNOC) has inked a deal with American firm New Fortress Energy LLC (NFE) for the setting up of liquefied natural gas (LNG) installation in the country.
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PNOC dangles initial offer for Shell’s stake in Malampaya
State-run Philippine National Oil Company (PNOC) has initially sounded off interest in the 45-percent shareholdings of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya gas field venture.