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                    [Title] => Spex, Chevron mull PNOC-EC stake in Malampaya project
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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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                    [Title] => UK's Forum Energy has yet to submit formal work program to DOE
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UK-based Forum Energy Plc. has yet to submit its formal work program to the Department of Energy (DOE), a top energy official said.
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                    [Title] => Napocor to lay off half its workforce
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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.
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                    [Title] => Bidding for Malaya power plant fails
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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.
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                    [Title] => PSALM urged to borrow $1 billion even without government guarantee
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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.
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                    [Title] => Arroyo administration eases up on plan to sell PNOC-EC stake in Malampaya
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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 can no longer be privatized now.
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                    [Title] => Consumers yet to feel impact of oil tariff cut - Shell head
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The impact of the tariff reduction on imported petroleum products has yet to be felt by consumers, a top oil company official said.
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                    [Title] => Government expects open access in power sector to kick off this year
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The government is optimistic that the so-called open access in the power industry will kick off within the year.
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ENERGY SECRETARY JOSE IBAZETA

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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 can no longer be privatized now.
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The impact of the tariff reduction on imported petroleum products has yet to be felt by consumers, a top oil company official said.
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                    [Title] => Government expects open access in power sector to kick off this year
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abtest