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                    [Title] => PNOC-EC leads search for new Malampaya investors
                    [Summary] => PNOC-Exploration Corp. (PNOC-EC) will take the lead in scouting for new investors for the oil rim development of Service Contract No. 38 or the Malampaya oilfield in Palawan. 


"After we have formalized an agreement with SPEX (Shell Philippines Exploration B.V.), we directed PNOC-EC to spearhead efforts to look for new investors for the Malampaya oil development," Energy Undersecretary Eduardo Manalac said. 


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                    [Title] => Gov’t mulls more crude production from Malampaya
                    [Summary] => The Department of Energy (DOE) is seriously studying the possibility of extracting more crude oil from the Malampaya field in northwest Palawan for domestic use amid a looming global oil crisis. 


"Although the oil produced from Malampaya is not sufficient enough to cover for all our petroleum needs, we might consider looking at it as one of the options to ease the burden of the rising world crude prices," Energy Undersecretary J.V. Emmanuel de Dios said. 


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                    [Title] => Sale of PNOC-EC to be delayed due to market slump
                    [Summary] => The privatization of PNOC-Exploration Corp. (PNOC-EC), the oil and gas development arm of the state-run Philippine National Oil Co., will likely be delayed due to poor market condition. 


"We are still studying it (public offering), but it’s a matter of timing.  We want to maximize the proceeds from the offering,"PNOC president Thelmo Cunanan said. 


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SERVICE CONTRACT NO

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                    [Summary] => PNOC-Exploration Corp. (PNOC-EC) will take the lead in scouting for new investors for the oil rim development of Service Contract No. 38 or the Malampaya oilfield in Palawan. 


"After we have formalized an agreement with SPEX (Shell Philippines Exploration B.V.), we directed PNOC-EC to spearhead efforts to look for new investors for the Malampaya oil development," Energy Undersecretary Eduardo Manalac said. 


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                    [Title] => Gov’t mulls more crude production from Malampaya
                    [Summary] => The Department of Energy (DOE) is seriously studying the possibility of extracting more crude oil from the Malampaya field in northwest Palawan for domestic use amid a looming global oil crisis. 


"Although the oil produced from Malampaya is not sufficient enough to cover for all our petroleum needs, we might consider looking at it as one of the options to ease the burden of the rising world crude prices," Energy Undersecretary J.V. Emmanuel de Dios said. 


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"We are still studying it (public offering), but it’s a matter of timing.  We want to maximize the proceeds from the offering,"PNOC president Thelmo Cunanan said. 


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abtest

1990

January 10, 2014 - 7:37am

PNOC-EC leads search for new Malampaya investors

By Donnabelle L. Gatdula | July 28, 2004 - 12:00am

PNOC-Exploration Corp. (PNOC-EC) will take the lead in scouting for new investors for the oil rim development of Service Contract No. 38 or the Malampaya oilfield in Palawan. "After we have formalized an agreement...

Business

Gov’t mulls more crude production from Malampaya

By Donnabelle L. Gatdula | May 22, 2004 - 12:00am

The Department of Energy (DOE) is seriously studying the possibility of extracting more crude oil from the Malampaya field in northwest Palawan for domestic use amid a looming global oil crisis. "Although...

Business

Sale of PNOC-EC to be delayed due to market slump

By Donnabelle L. Gatdula | March 15, 2003 - 12:00am

The privatization of PNOC-Exploration Corp. (PNOC-EC), the oil and gas development arm of the state-run Philippine National Oil Co., will likely be delayed due to poor market condition. "We are still studying...

Business