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NORTHWEST PALAWAN

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abtest

DOE suspends oil exploration project in Palawan

October 2, 2015 - 10:00am

The Department of Energy (DOE) has suspended another oil exploration project in Northwest Palawan amid a lingering dispute between the Philippines and China over the West Philippine Sea.

Headlines

Malampaya revenues: Gov’t seeks bigger share

By Iris Gonzales | November 25, 2014 - 12:00am

Energy Secretary Carlos Jericho Petilla is seeking a bigger government share from the billion-dollar revenues of the deep-water, natural gas-to-power Malampaya project in Northwest Palawan, the landmark discovery...

Business

Frontier Oil withdraws IPO plan

By Iris Gonzales | June 26, 2014 - 12:00am

Frontier Oil Corp. has decided to withdraw its plan to list at the Philippine Stock Exchange (PSE).

Business

Philex Pet reverts to profit column

By Iris Gonzales | April 26, 2014 - 12:00am

Philex Petroleum Corp., an oil exploration firm controlled by the group of businessman Manuel V. Pangilinan, reported a first quarter net income of P25.7 million, a marked improvement from the net loss of P24.5 million...

Business

Nido Petroleum bullish on Phl Indonesia prospects

By Iris Gonzales | February 4, 2014 - 12:00am

Nido Petroleum an Australia-listed oil and gas company, is banking on favorable prospects for its projects  this year,  including an exploration venture in the Philippines.

Business

Nido Petroleum secures UAE investor for Palawan venture

By Iris Gonzales | January 17, 2014 - 12:00am

Nido Petroleum Philippines Ltd., an Australia-listed oil and gas company, has secured a new investor for its oil exploration project in Northwest Palawan.

Business

Philex Petroleum gets Palawan service contract

By Iris Gonzales | January 7, 2014 - 12:00am

Philex Petroleum Corp., the oil and gas firm controlled by the group of businessman Manuel V. Pangilinan, has received from the Department of Energy (DOE) the petroleum service contract to operate a 616,000-hectare...

Business

Gov’t may end up operating Malampaya project – Petilla

By Iris Gonzales | December 4, 2013 - 12:00am

The government may end up operating the Malampaya deep water gas-to-power project if it decides not to extend the service contract of the consortium led by Shell Philippines Exploration B.V. (SPEx), Energy Secretary...

Business

Petilla threatens to cancel drill contract of Cinco-1

By Donnabelle L. Gatdula | November 22, 2013 - 12:00am

Energy Secretary Carlos Jericho Petilla has threatened to cancel Service Contract (SC) 55 after its proponents failed to submit a concrete drilling plan for the Cinco-1 well in offshore Palawan.

Business

Frontier Oil mulls higher IPO volume of P2.2 B

By Iris Gonzales | September 13, 2013 - 12:00am

Local oil and gas explorer Frontier Oil Corp. is contemplating on raising its planned initial public offering (IPO), proceeds to P2.2 billion, higher than the previous target of P1.6 billion, company officials ...

Business