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Oriental Petroleum

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abtest

Oriental Petroleum grants P60 M cash dividend

June 30, 2019 - 12:00am

The board of directors of Oriental Petroleum and Minerals Corp. (OPMC) declared a cash dividend of one twentieth of a centavo (P0.0005) per share during the company’s recent annual stockholders meeting.

Business

OPMC profits fall in H1

August 21, 2015 - 10:00am

Lower revenues arising from the drop in oil prices in the international market resulted in a 70 percent drop in Oriental Petroleum and Minerals Corp.’s first half net profit.

Business

Index nearly touches 7,800-pt mark

By Zinnia B. Dela Peña | February 18, 2015 - 12:00am

A late afternoon rally pushed local stocks to a new  record high yesterday ahead of the Chinese New Year.

Business

Otto Energy confirms new Galoc oil find

By Iris Gonzales | October 18, 2013 - 12:00am

Australian firm Otto Energy Ltd. said drilling at the Galoc-5H well in northwest Palawan has successfully yielded oil, confirming the potential of the well.

Business

Oriental Petroleum incurs Q1 loss

May 23, 2012 - 12:00am

Oriental Petroleum and Minerals Corp.incurred a net loss in the first quarter due to the shutdown of the Galoc oil field in Palawan.

Business

Galoc consortium halts Palawan drilling

By Donnabelle L. Gatdula | November 29, 2011 - 12:00am

Galoc Production Co. (GPC) has temporarily stopped drilling activities at the Galoc oil field in Palawan.

Business

Cadlao oil field in Palawan to be developed next year

By Ted P. Torres | November 24, 2011 - 12:00am

The Cadlao oil field in Northwest Palawan will be redeveloped for possible production next year.

Business

Palace: Joint exploration in West Phl Sea only in disputed areas

By Aurea Calica | August 28, 2011 - 12:00am

Malacañang clarified yesterday that any joint exploration of the West Philippine Sea with China would be confined to disputed areas to avoid constitutional violations.

Headlines

Galoc group prepares for new project

By Donnabelle L. Gatdula | August 18, 2010 - 12:00am

Encouraged by the favorable results of its initial drilling activities, Galoc Production Co. (GPC) will lay out its investment plan of the second phase for the Galoc oil exploration project by next month.

Business

Galoc's Palawan oil field resumes operations

November 11, 2009 - 12:00am

Galoc Production Co. (GPC) has resumed oil drilling activities in Service Contract 14-C in offshore Palawan after temporarily halting operations late last month due to a technical problem.

Business