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                    [ArticleID] => 127804
                    [Title] => PNOC-EC plans secondary offering
                    [Summary] => State-owned Philippine National Oil Co. (PNOC) plans to undertake a secondary offering of its subsidiary, PNOC-Exploration (PNOC-EC), after the Malampaya deep-water-to-gas project goes on-stream in January 2002.


"I think the government will be able to fetch a good price for PNOC-EC shares if the Malampaya is already on stream," Energy Secretary Vincent S. Perez said, adding that the timing is critical if PNOC wants to get a good price.


A PNOC-EC official told The STAR that the offering is actually still just a plan.


                    [DatePublished] => 2001-07-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 95886
                    [Title] => PNOC-EC ready to put in add’l $40 M in Malampaya project
                    [Summary] => The Philippine National Oil Co. Exploration Corp. (PNOC-EC) will infuse an additional $40 million into the Malampaya natural gas project this year, said PNOC-EC president Rufino Bomasang yesterday.


The $40 million is part of the pro rata  cash infusion among Malampaya partners programmed for 2000.   


PNOC-EC, a oil and gas exploration subsidiary of state owned PNOC,  holds a 10 percent stake in the $2-billion project which will begin commercial operation this October.  Shell Phils. Exloration  BV (Spex) and Texaco each hold a 45-percent stake. 


                    [DatePublished] => 2001-04-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 96446
                    [Title] => PNOC taps Citibank for refinancing of $130-M loan
                    [Summary] => The state-owned Philippine National Oil Co. (PNOC) has chosen Citibank NA as the financial advisor for the refinancing of its $130-million loan package to pay its maturing short-term syndicated loan, Energy Secretary Jose Isidro Camacho said over the weekend.


"Citibank NA will complete the facility," Camacho said, adding that Citibank’s offer was chosen over Lehman Brothers, which submitted a similar proposal.


Last week, PNOC chairman Sergio Apostol said a bridge loan from Citibank becomes due on March 26.


                    [DatePublished] => 2001-03-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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SPEX AND TEXACO

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    [results] => Array
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                    [ArticleID] => 127804
                    [Title] => PNOC-EC plans secondary offering
                    [Summary] => State-owned Philippine National Oil Co. (PNOC) plans to undertake a secondary offering of its subsidiary, PNOC-Exploration (PNOC-EC), after the Malampaya deep-water-to-gas project goes on-stream in January 2002.


"I think the government will be able to fetch a good price for PNOC-EC shares if the Malampaya is already on stream," Energy Secretary Vincent S. Perez said, adding that the timing is critical if PNOC wants to get a good price.


A PNOC-EC official told The STAR that the offering is actually still just a plan.


                    [DatePublished] => 2001-07-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 95886
                    [Title] => PNOC-EC ready to put in add’l $40 M in Malampaya project
                    [Summary] => The Philippine National Oil Co. Exploration Corp. (PNOC-EC) will infuse an additional $40 million into the Malampaya natural gas project this year, said PNOC-EC president Rufino Bomasang yesterday.


The $40 million is part of the pro rata  cash infusion among Malampaya partners programmed for 2000.   


PNOC-EC, a oil and gas exploration subsidiary of state owned PNOC,  holds a 10 percent stake in the $2-billion project which will begin commercial operation this October.  Shell Phils. Exloration  BV (Spex) and Texaco each hold a 45-percent stake. 


                    [DatePublished] => 2001-04-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 96446
                    [Title] => PNOC taps Citibank for refinancing of $130-M loan
                    [Summary] => The state-owned Philippine National Oil Co. (PNOC) has chosen Citibank NA as the financial advisor for the refinancing of its $130-million loan package to pay its maturing short-term syndicated loan, Energy Secretary Jose Isidro Camacho said over the weekend.


"Citibank NA will complete the facility," Camacho said, adding that Citibank’s offer was chosen over Lehman Brothers, which submitted a similar proposal.


Last week, PNOC chairman Sergio Apostol said a bridge loan from Citibank becomes due on March 26.


                    [DatePublished] => 2001-03-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

PNOC-EC plans secondary offering

By Donnabelle L. Gatdula | July 25, 2001 - 12:00am

State-owned Philippine National Oil Co. (PNOC) plans to undertake a secondary offering of its subsidiary, PNOC-Exploration (PNOC-EC), after the Malampaya deep-water-to-gas project goes on-stream in January 2002. "I...

Business

PNOC-EC ready to put in add’l $40 M in Malampaya project

By Donnabelle L. Gatdula | April 25, 2001 - 12:00am

The Philippine National Oil Co. Exploration Corp. (PNOC-EC) will infuse an additional $40 million into the Malampaya natural gas project this year, said PNOC-EC president Rufino Bomasang yesterday. The $40 million...

Business

PNOC taps Citibank for refinancing of $130-M loan

March 18, 2001 - 12:00am

The state-owned Philippine National Oil Co. (PNOC) has chosen Citibank NA as the financial advisor for the refinancing of its $130-million loan package to pay its maturing short-term syndicated loan, Energy Secretary...

Business