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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 183788 [Title] => Unocal mulls oil search venture in Galoc area [Summary] => The Unocal group is looking at the possibility of exploring for oil and gas in the Galoc field in Northwest Palawan.
US-based Unocal Corp.s subsidiary in the Philippines, Unocal Sulu Ltd., signed recently an agreement with a Filipino exploration consortium led by Alcorn (Production) Philippines Inc. and Nido Petroleum of Australia to carry out a phased study of the Galoc oil and gas discovery in service contract (SC) 14 in the Philippines.
[DatePublished] => 2002-11-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 143099 [Title] => Geothermal firm seeks lower royalty payments to government [Summary] => The Philippine Geothermal Inc. (PGI), one of the countrys largest geothermal power developers, is pushing for the reduction in the royalty paid by geothermal contractors to the government to 1 1/2 percent of gross revenues.
PGI president Stephen Pye said at present, geothermal operators pay royalties as much as 60 percent of net revenues to the government which is higher compared to other neighboring countries.
Pye said in Indonesia, geothermal operators pay only 34 percent, or 50 percent lower than the royalties paid in the Philippines.
[DatePublished] => 2001-12-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
UNOCAL CORP
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 183788 [Title] => Unocal mulls oil search venture in Galoc area [Summary] => The Unocal group is looking at the possibility of exploring for oil and gas in the Galoc field in Northwest Palawan.
US-based Unocal Corp.s subsidiary in the Philippines, Unocal Sulu Ltd., signed recently an agreement with a Filipino exploration consortium led by Alcorn (Production) Philippines Inc. and Nido Petroleum of Australia to carry out a phased study of the Galoc oil and gas discovery in service contract (SC) 14 in the Philippines.
[DatePublished] => 2002-11-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 143099 [Title] => Geothermal firm seeks lower royalty payments to government [Summary] => The Philippine Geothermal Inc. (PGI), one of the countrys largest geothermal power developers, is pushing for the reduction in the royalty paid by geothermal contractors to the government to 1 1/2 percent of gross revenues.
PGI president Stephen Pye said at present, geothermal operators pay royalties as much as 60 percent of net revenues to the government which is higher compared to other neighboring countries.
Pye said in Indonesia, geothermal operators pay only 34 percent, or 50 percent lower than the royalties paid in the Philippines.
[DatePublished] => 2001-12-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Donnabelle L. Gatdula | November 13, 2002 - 12:00am
By Donnabelle L. Gatdula | December 10, 2001 - 12:00am
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