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Shell Petroleum Exploration B.V (Spex) and Chevron, the lead operators of the Malampaya natural gas project, are still studying if they would exercise their right of first refusal for the sale of PNOC-Exploration Corp.’s shares in the project.
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ENERGY SECRETARY JOSE IBAZETA

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abtest

Aquino administration urged to tackle energy supply

By Donnabelle L. Gatdula | June 30, 2010 - 12:00am

Aside from a looming power rate hike, the Aquino administration will also be facing the challenge of keeping the country’s energy supply stable.

Business

Spex, Chevron mull PNOC-EC stake in Malampaya project

By Donnabelle L. Gatdula | June 23, 2010 - 12:00am

Shell Petroleum Exploration B.V (Spex) and Chevron, the lead operators of the Malampaya natural gas project, are still studying if they would exercise their right of first refusal for the sale of PNOC-Exploration...

Business

UK's Forum Energy has yet to submit formal work program to DOE

By Donnabelle L. Gatdula | June 20, 2010 - 12:00am

UK-based Forum Energy Plc. has yet to submit its formal work program to the Department of Energy (DOE), a top energy official said.

Business

Napocor to lay off half its workforce

By Donnabelle L. Gatdula | June 19, 2010 - 12:00am

State-run National Power Corp. (Napocor) will undergo a massive reorganization program involving over half of its workforce, a top official of the power firm said.

Business

Bidding for Malaya power plant fails

By Donnabelle L. Gatdula | June 17, 2010 - 12:00am

The bidding for the contract to manage the output of the Malaya thermal power plant in Rizal province was declared a failure yesterday as only one bidder – First Gen Corp. – submitted an offer.

Business

PSALM urged to borrow $1 billion even without government guarantee

By Iris Gonzales | June 16, 2010 - 12:00am

The government is urging the Power Sector Assets and Liabilities Management Corp. (PSALM) to proceed with its plan to borrow $1 billion from banks even without guarantee from the government.

Business

PSALM eyes new $1-billion borrowings this year

By Donnabelle L. Gatdula | June 15, 2010 - 12:00am

The Power Sector Assets and Liabilities Management Corp. (PSALM) is eyeing to borrow another $1 billion through bank financing.

Business

Arroyo administration eases up on plan to sell PNOC-EC stake in Malampaya

By Donnabelle L. Gatdula | June 14, 2010 - 12:00am

The Arroyo administration will no longer push for the privatization of PNOC-Exploration Corp., the oil and gas development arm of state-owned Philippine National Oil Co., Energy Secretary Jose Ibazeta said. “That...

Business

Consumers yet to feel impact of oil tariff cut - Shell head

By Donnabelle L. Gatdula | June 14, 2010 - 12:00am

The impact of the tariff reduction on imported petroleum products has yet to be felt by consumers, a top oil company official said.

Business

Government expects open access in power sector to kick off this year

By Donnabelle L. Gatdula | June 13, 2010 - 12:00am

The government is optimistic that the so-called open access in the power industry will kick off within the year.

Business