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                    [ArticleID] => 162006
                    [Title] => 7 banks vie for advisor role in PNOC-EC sale
                    [Summary] => The Philippine National Oil Co-Exploration Corp. (PNOC-EC), the exploration arm of the state-owned PNOC, has pre-qualified seven investment banks to become the financial advisor for its planned privatization next year.


The shortlist includes ABN Amro, ING Barings, SGV, CLSA Investment Bank, SEA Consultant, Lazard and ATR Kim-Eng.


PNOC-EC vice president and chief operating officer Rafael Del Pilar, in a press conference yesterday said the bids are expected to be submitted at the end of this month.


                    [DatePublished] => 2002-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 161543
                    [Title] => Demand for petroleum products seen to grow 3% this year
                    [Summary] => The local demand for petroleum products is seen to increase slightly by three percent this year, Petroleum Institute of the Philippines (PIP) executive director Reynaldo Marquez said. Last year the growth in demand was recorded at two percent.


In an interview, Marquez said there will be a slight increase in demand for liquefied petroleum gas (LPG), diesel and gasoline products.


Marquez, however, did not give any figures. "This is just an estimate. The growth will mostly come from households since the economy is basically down," he said.


                    [DatePublished] => 2002-05-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 157430
                    [Title] => 3 foreign firms eye RP oil search sector
                    [Summary] => At least three foreign oil exploration companies are about to sign a new geophysical survey and exploration contract (GSEC) that will generate more than P2 billion in fresh investments, Energy Secretary Vincent S. Perez said yesterday.


In a press conference, Perez said they are "in an advanced state of negotiations with big exploration firms based in United Kingdom, Canada and Japan.


                    [DatePublished] => 2002-04-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 156493
                    [Title] => PNOC-EC plans to reissue shares
                    [Summary] => Publicly-listed PNOC-Exploration Corp. is planning to re-issue its shares in the country’s stock market, Energy Secretary Vincent S. Perez said.


PNOC-EC is an oil and gas exploration subsidiary of state-owned Philippine National Oil Co. (PNOC). The company’s shares were listed in the Philippine Stock Exchange in 1976. But the issue is not actively traded. Some 99.8 percent of PNOC-EC is owned by PNOC, the remaining shares are held by the public.


                    [DatePublished] => 2002-04-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 154516
                    [Title] => PNOC-EDC to drill more wells in Victoria, Tarlac
                    [Summary] => The Philippine National Oil Co.-Energy Development Corp. (PNOC-EDC) plans to drill more wells in Victoria, Tarlac, a company official said.


"We will be doing more tests and we will finish the seismic survey. After that we will probably look for new targets," PNOC-EDC vice president for operations Sam Javellana said.


Javellana said they will finish drilling Victoria 3 before proceeding with more drillings in the area.


                    [DatePublished] => 2002-03-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

MALAMPAYA DEEP WATER

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 162006
                    [Title] => 7 banks vie for advisor role in PNOC-EC sale
                    [Summary] => The Philippine National Oil Co-Exploration Corp. (PNOC-EC), the exploration arm of the state-owned PNOC, has pre-qualified seven investment banks to become the financial advisor for its planned privatization next year.


The shortlist includes ABN Amro, ING Barings, SGV, CLSA Investment Bank, SEA Consultant, Lazard and ATR Kim-Eng.


PNOC-EC vice president and chief operating officer Rafael Del Pilar, in a press conference yesterday said the bids are expected to be submitted at the end of this month.


                    [DatePublished] => 2002-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 161543
                    [Title] => Demand for petroleum products seen to grow 3% this year
                    [Summary] => The local demand for petroleum products is seen to increase slightly by three percent this year, Petroleum Institute of the Philippines (PIP) executive director Reynaldo Marquez said. Last year the growth in demand was recorded at two percent.


In an interview, Marquez said there will be a slight increase in demand for liquefied petroleum gas (LPG), diesel and gasoline products.


Marquez, however, did not give any figures. "This is just an estimate. The growth will mostly come from households since the economy is basically down," he said.


                    [DatePublished] => 2002-05-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 157430
                    [Title] => 3 foreign firms eye RP oil search sector
                    [Summary] => At least three foreign oil exploration companies are about to sign a new geophysical survey and exploration contract (GSEC) that will generate more than P2 billion in fresh investments, Energy Secretary Vincent S. Perez said yesterday.


In a press conference, Perez said they are "in an advanced state of negotiations with big exploration firms based in United Kingdom, Canada and Japan.


                    [DatePublished] => 2002-04-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 156493
                    [Title] => PNOC-EC plans to reissue shares
                    [Summary] => Publicly-listed PNOC-Exploration Corp. is planning to re-issue its shares in the country’s stock market, Energy Secretary Vincent S. Perez said.


PNOC-EC is an oil and gas exploration subsidiary of state-owned Philippine National Oil Co. (PNOC). The company’s shares were listed in the Philippine Stock Exchange in 1976. But the issue is not actively traded. Some 99.8 percent of PNOC-EC is owned by PNOC, the remaining shares are held by the public.


                    [DatePublished] => 2002-04-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 154516
                    [Title] => PNOC-EDC to drill more wells in Victoria, Tarlac
                    [Summary] => The Philippine National Oil Co.-Energy Development Corp. (PNOC-EDC) plans to drill more wells in Victoria, Tarlac, a company official said.


"We will be doing more tests and we will finish the seismic survey. After that we will probably look for new targets," PNOC-EDC vice president for operations Sam Javellana said.


Javellana said they will finish drilling Victoria 3 before proceeding with more drillings in the area.


                    [DatePublished] => 2002-03-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

7 banks vie for advisor role in PNOC-EC sale

By Donnabelle L. Gatdula | May 24, 2002 - 12:00am

The Philippine National Oil Co-Exploration Corp. (PNOC-EC), the exploration arm of the state-owned PNOC, has pre-qualified seven investment banks to become the financial advisor for its planned privatization next...

Business

Demand for petroleum products seen to grow 3% this year

By Donnabelle L. Gatdula | May 20, 2002 - 12:00am

The local demand for petroleum products is seen to increase slightly by three percent this year, Petroleum Institute of the Philippines (PIP) executive director Reynaldo Marquez said. Last year the growth in demand...

Business

3 foreign firms eye RP oil search sector

By Donnabelle L. Gatdula | April 16, 2002 - 12:00am

At least three foreign oil exploration companies are about to sign a new geophysical survey and exploration contract (GSEC) that will generate more than P2 billion in fresh investments, Energy Secretary Vincent S....

Business

PNOC-EC plans to reissue shares

By Donnabelle L. Gatdula | April 8, 2002 - 12:00am

Publicly-listed PNOC-Exploration Corp. is planning to re-issue its shares in the country’s stock market, Energy Secretary Vincent S. Perez said. PNOC-EC is an oil and gas exploration subsidiary of state-owned...

Business

PNOC-EDC to drill more wells in Victoria, Tarlac

March 20, 2002 - 12:00am

The Philippine National Oil Co.-Energy Development Corp. (PNOC-EDC) plans to drill more wells in Victoria, Tarlac, a company official said. "We will be doing more tests and we will finish the seismic survey....

Business