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                    [ArticleID] => 24351
                    [Title] => PNOC-EC allots $1B for Malampaya oil exploration
                    [Summary] => 
            
PNOC-Exploration Corp. (PNOC-EC), the oil and gas exploration unit of state-run Philippine National Oil Co., expects to spend close to $1 billion for the exploration and development of the Camago-Malampaya oil leg (CMOL), a top company official said.
                    [DatePublished] => 2007-10-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 315048
                    [Title] => Argo Group, South China Resources eye Malampaya oil rim
                    [Summary] => US-based Argo Group and local oil exploration firm South China Resources Inc. have expressed interest in the oil rim development at the Malampaya field in northwest Palawan, a ranking energy official said.


Energy Undersecretary Guillermo Balce said the two firms may likely  join the Philippine National Oil Co. (PNOC) in the  bid to drill oil at Malampaya covered by Service Contract (SC) 38 as Malacañang has authorized the issuance of another SC for the oil rim.


                    [DatePublished] => 2006-01-04 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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                    [ArticleID] => 305819
                    [Title] => DOE drafting EO to award Malampaya oil rim exploration, development to PNOC-EC
                    [Summary] => The Department of Energy (DOE) is drafting an executive order (EO) to effect the award to PNOC-Exploration Corp. (PNOC-EC) of the right to explore and develop the Malampaya oil rim in Palawaan, the country’s top energy official said. 


Energy Secretary Raphael P.M. Lotilla said the issuance of an EO would resolve the issue of whether PNOC-EC has the legal basis in developing an oil field within Malampaya as covered by Service Contract (SC) 38. 


"We need a legal basis. It would come from President Arroyo. We will have the EO within the year," he said. 


                    [DatePublished] => 2005-11-08 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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                    [ArticleID] => 303034
                    [Title] => PNOC to get new service contract for development of Malampaya oilfield
                    [Summary] => The Department of Energy (DOE) will issue a new service contract (SC) for the Philippine National Oil Co. (PNOC) to develop an oilfield beneath the $4.5-billion Malampaya deepwater-to-gas power project in Northwest Palawan, an industry official said.


The official, however, noted that the DOE can only issue the new contract for the development of the oil rim if it accepts the conditions set by the Malampaya consortium.


                    [DatePublished] => 2005-10-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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            [4] => Array
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                    [ArticleID] => 299092
                    [Title] => Malampaya prospectors given till Sept to submit proposals
                    [Summary] => Investors planning to develop the oil rim in the $4.5-billion Malampaya deep water gas-to-power project in Palawan should submit their respective proposals not later than the end of this month, a ranking Department of Energy (DOE) official said. 


Energy Undersecretary Guillermo Balce said they have already informed the interested parties of the deadline. Foremost of those that were informed was the consortium led by Shell Philippines Exploration B.V. (SPEX), the major operator of the Malampaya project. 


                    [DatePublished] => 2005-09-29 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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            [5] => Array
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                    [ArticleID] => 295958
                    [Title] => AustralAsian shows interest in Malampaya oil prospects
                    [Summary] => AustralAsian Energy Ltd. is set to join other foreign groups keen on  developing the Malampaya oil rim in northwest Palawan.


AustralAsian chairman Rufino Bomasang said the company has been offered by the state-run Philippine National Oil Co.-Exploration Corp. (PNOC-EC) to participate in the development of the oil rim, which is believed to have recoverable oil deposits of  40 million barrels.


PNOC-EC is a member of the consortium holding Service Contract (SC) 38, allowing them to explore oil and gas reserves in Malampaya.


                    [DatePublished] => 2005-09-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [6] => Array
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                    [ArticleID] => 291971
                    [Title] => Malampaya consortium softens stand on oil drilling ventures
                    [Summary] => The Malampaya consortium led by Shell Phils. Exploration B.V. (Spex) is softening on its stand not to develop the oil rim of the gas field and is now reportedly willing to form joint ventures for the extraction of 40 million barrels of oil in northwest Palawan.


Energy Undersecretary Guillermo Balce said Spex is reviving its interest in exploring possible joint ventures or farm-in agreements with parties that want to participate in extracting oil from  Malampaya.


                    [DatePublished] => 2005-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [7] => Array
                (
                    [ArticleID] => 286174
                    [Title] => Houston-based oil giant presses bid to develop Malampaya oil rim
                    [Summary] => The Houston-based petroleum and natural gas company Argo  Group LLC reiterated  its interest in developing the Malampaya oil rim in northwest Palawan which the government is pushing to reduce the country’s dependence on imported oil. 


Argo Group officials said the company could extract from four to 40 million barrels of oil from the Malampaya oil field as early as May 2006. 


                    [DatePublished] => 2005-07-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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ARGO GROUP

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                    [ArticleID] => 24351
                    [Title] => PNOC-EC allots $1B for Malampaya oil exploration
                    [Summary] => 
            
PNOC-Exploration Corp. (PNOC-EC), the oil and gas exploration unit of state-run Philippine National Oil Co., expects to spend close to $1 billion for the exploration and development of the Camago-Malampaya oil leg (CMOL), a top company official said.
                    [DatePublished] => 2007-10-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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                    [ArticleID] => 315048
                    [Title] => Argo Group, South China Resources eye Malampaya oil rim
                    [Summary] => US-based Argo Group and local oil exploration firm South China Resources Inc. have expressed interest in the oil rim development at the Malampaya field in northwest Palawan, a ranking energy official said.


Energy Undersecretary Guillermo Balce said the two firms may likely  join the Philippine National Oil Co. (PNOC) in the  bid to drill oil at Malampaya covered by Service Contract (SC) 38 as Malacañang has authorized the issuance of another SC for the oil rim.


                    [DatePublished] => 2006-01-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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                    [ArticleID] => 305819
                    [Title] => DOE drafting EO to award Malampaya oil rim exploration, development to PNOC-EC
                    [Summary] => The Department of Energy (DOE) is drafting an executive order (EO) to effect the award to PNOC-Exploration Corp. (PNOC-EC) of the right to explore and develop the Malampaya oil rim in Palawaan, the country’s top energy official said. 


Energy Secretary Raphael P.M. Lotilla said the issuance of an EO would resolve the issue of whether PNOC-EC has the legal basis in developing an oil field within Malampaya as covered by Service Contract (SC) 38. 


"We need a legal basis. It would come from President Arroyo. We will have the EO within the year," he said. 


                    [DatePublished] => 2005-11-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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                    [URL] => 
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            [3] => Array
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                    [ArticleID] => 303034
                    [Title] => PNOC to get new service contract for development of Malampaya oilfield
                    [Summary] => The Department of Energy (DOE) will issue a new service contract (SC) for the Philippine National Oil Co. (PNOC) to develop an oilfield beneath the $4.5-billion Malampaya deepwater-to-gas power project in Northwest Palawan, an industry official said.


The official, however, noted that the DOE can only issue the new contract for the development of the oil rim if it accepts the conditions set by the Malampaya consortium.


                    [DatePublished] => 2005-10-22 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 299092
                    [Title] => Malampaya prospectors given till Sept to submit proposals
                    [Summary] => Investors planning to develop the oil rim in the $4.5-billion Malampaya deep water gas-to-power project in Palawan should submit their respective proposals not later than the end of this month, a ranking Department of Energy (DOE) official said. 


Energy Undersecretary Guillermo Balce said they have already informed the interested parties of the deadline. Foremost of those that were informed was the consortium led by Shell Philippines Exploration B.V. (SPEX), the major operator of the Malampaya project. 


                    [DatePublished] => 2005-09-29 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 295958
                    [Title] => AustralAsian shows interest in Malampaya oil prospects
                    [Summary] => AustralAsian Energy Ltd. is set to join other foreign groups keen on  developing the Malampaya oil rim in northwest Palawan.


AustralAsian chairman Rufino Bomasang said the company has been offered by the state-run Philippine National Oil Co.-Exploration Corp. (PNOC-EC) to participate in the development of the oil rim, which is believed to have recoverable oil deposits of  40 million barrels.


PNOC-EC is a member of the consortium holding Service Contract (SC) 38, allowing them to explore oil and gas reserves in Malampaya.


                    [DatePublished] => 2005-09-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 291971
                    [Title] => Malampaya consortium softens stand on oil drilling ventures
                    [Summary] => The Malampaya consortium led by Shell Phils. Exploration B.V. (Spex) is softening on its stand not to develop the oil rim of the gas field and is now reportedly willing to form joint ventures for the extraction of 40 million barrels of oil in northwest Palawan.


Energy Undersecretary Guillermo Balce said Spex is reviving its interest in exploring possible joint ventures or farm-in agreements with parties that want to participate in extracting oil from  Malampaya.


                    [DatePublished] => 2005-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Rocel Felix
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                    [URL] => 
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            [7] => Array
                (
                    [ArticleID] => 286174
                    [Title] => Houston-based oil giant presses bid to develop Malampaya oil rim
                    [Summary] => The Houston-based petroleum and natural gas company Argo  Group LLC reiterated  its interest in developing the Malampaya oil rim in northwest Palawan which the government is pushing to reduce the country’s dependence on imported oil. 


Argo Group officials said the company could extract from four to 40 million barrels of oil from the Malampaya oil field as early as May 2006. 


                    [DatePublished] => 2005-07-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
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abtest

PNOC-EC allots $1B for Malampaya oil exploration

By Donnabelle L. Gatdula | October 30, 2007 - 12:00am

PNOC-Exploration Corp. (PNOC-EC), the oil and gas exploration unit of state-run Philippine National Oil Co., expects to spend close to $1 billion for the exploration and development of the Camago-Malampaya...

Business

Argo Group, South China Resources eye Malampaya oil rim

By Donnabelle L. Gatdula | January 4, 2006 - 12:00am

US-based Argo Group and local oil exploration firm South China Resources Inc. have expressed interest in the oil rim development at the Malampaya field in northwest Palawan, a ranking energy official said. Energy...

Business

DOE drafting EO to award Malampaya oil rim exploration, development to PNOC-EC

By Donnabelle L. Gatdula | November 8, 2005 - 12:00am

The Department of Energy (DOE) is drafting an executive order (EO) to effect the award to PNOC-Exploration Corp. (PNOC-EC) of the right to explore and develop the Malampaya oil rim in Palawaan, the country’s...

Business

PNOC to get new service contract for development of Malampaya oilfield

By Donnabelle L. Gatdula | October 22, 2005 - 12:00am

The Department of Energy (DOE) will issue a new service contract (SC) for the Philippine National Oil Co. (PNOC) to develop an oilfield beneath the $4.5-billion Malampaya deepwater-to-gas power project in Northwest...

Business

Malampaya prospectors given till Sept to submit proposals

By Donnabelle L. Gatdula | September 29, 2005 - 12:00am

Investors planning to develop the oil rim in the $4.5-billion Malampaya deep water gas-to-power project in Palawan should submit their respective proposals not later than the end of this month, a ranking Department...

Business

AustralAsian shows interest in Malampaya oil prospects

By Rocel Felix | September 10, 2005 - 12:00am

AustralAsian Energy Ltd. is set to join other foreign groups keen on developing the Malampaya oil rim in northwest Palawan. AustralAsian chairman Rufino Bomasang said the company has been offered by the state-run...

Business

Malampaya consortium softens stand on oil drilling ventures

By Rocel Felix | August 17, 2005 - 12:00am

The Malampaya consortium led by Shell Phils. Exploration B.V. (Spex) is softening on its stand not to develop the oil rim of the gas field and is now reportedly willing to form joint ventures for the extraction of...

Business

Houston-based oil giant presses bid to develop Malampaya oil rim

By Rocel Felix | July 13, 2005 - 12:00am

The Houston-based petroleum and natural gas company Argo Group LLC reiterated its interest in developing the Malampaya oil rim in northwest Palawan which the government is pushing to reduce the country’s dependence...

Business