Friday, May 24, 2013
Displaying 1 - 10 of 27 articles
Philippines is planning to import LNG from Brunei and Canada. Energy Secretary Carlos Jericho Petilla said a thorough study on LNG pricing would have to be done first in order to get the best deal for Filipino consumers, Business Mirror has reported. “I want to get involved in the pricing scheme...
Japan’s Marubeni Corp. has expressed interest in supplying natural gas to the Philippines, once the government is able to put in place all the necessary infrastructure. “The problem is that the Philippines does not have any receiving facilities. Malampaya is providing gas to the (natural...
Otto Energy has been named as the preferred bidder for Area 7, an offshore oil and gas block located in the southern part of the Mindoro Basin, under the Fourth Philippine Energy Contracting Round. Upon execution, Otto will commit to reprocessing the existing seismic study with a minimum financial commitment...
Gas2Grid will soon production test its Malolos-1 well onshore Cebu, Philippines, where both oil and gas bearing reservoirs were intersected, Proactive Investors has reported citing a company update. The company’s Rig 1 is currently removing tubing from the Nuevo Malolos-1, which is expected to...
Australia’s Frontier Gasfields has signed a deal with three Philippine petroleum contractors for the development of an oil and gas block in the Visayas basins, InterAksyon.com said in a report. The three – Trans-Asia Oil and Energy Development Corp, Alcorn Gold Resources Corp and PetroEnergy...
Philippines Department of Energy has given the nod for extension of exploration and development contract of Otto Energy Ltd. for SC51, Northwest Leyte Peninsula oil and gas block. This extension, valid till January of next year, has been approved to allow completion of the acquisition, processing, and...
Pilipinas Shell Petroleum Corp. is planning to bring floating storage regasification units to the country in its bid to become a major distributor of liquefied natural gas in the domestic market. "For us, LNG supply will not be an issue, it will be more on the infrastructure to receive the LNG. Shell...
The energy ministry of Brunei Darussalam has expressed interest to put up liquefied natural gas (LNG) facilities in Mindanao, including the construction of a 300-megawatt gas-fired power plant to serve as an anchor load. Philippines had invited Brunei to “have a serious look at the LNG prospects...
The Philippines has accepted bids from six companies to explore for natural gas and oil in the disputed South China Sea. These bids relate to gas and oil exploration in three offshore blocks in the disputed Spratly Islands west of the Philippine province of Palawan, Kyodo News reported. "We don't see...
Philippines will most likely bid for oil and gas contracts in South China Sea despite recent tensions with China over conflicting territorial claims in those waters. The three blocks in the South China Sea, off the coast of the western Philippine island of Palawan, are believed to be the most promising...