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LNG hub to rise in Quezon

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Hong Kong-based Energy World Corp. Ltd. is set to complete within the first quarter next year a liquefied natural gas (LNG) hub in Quezon.

Posted: May 20th, 2013 in Headlines | Read More »

DOE seeking investors for natural gas projects

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Energy Secretary Carlos Jericho L. Petilla

The Department of Energy is pursuing talks with natural gas firms from Canada and Brunei for possible investments in the local natural gas sector, in preparation for the expected exhaustion of the reserves at the Malampaya gas field off Palawan by 2024

Posted: April 8th, 2013 in Latest Business Stories | Read More »

Natural gas supply seen to remain tight

STANDARD & Poor’s Ratings Services expects natural gas prices to remain “regionalized” over the next few years, which would allow existing gas producers to continue enjoying a “favorable pricing power.”

Posted: December 10th, 2012 in Editor's Pick,Headlines | Read More »

Shell still bullish over LNG prospects

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Shell Philippines Exploration BV (SPEX) has tapped Royal Boskalis Westminster N.V. of Netherlands for the installation of a depletion compression platform at the Malampaya gas field off Palawan—part of a planned $750-million Phase III expansion for the field.

Pilipinas Shell Petroleum Corp. has expressed willingness to help the government curb the rampant oil smuggling in the country, which has been hurting the government through foregone revenue of up to P60 billion a year.

Posted: November 26th, 2012 in Latest Business Stories | Read More »

Meralco, Japan firm in talks to build LNG plant in Quezon

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meralco-logo

Manila Electric Co., the country’s biggest power distributor, is planning to build a liquefied natural gas (LNG) power plant in Atimonan, Quezon, as part of plans to help secure the growing electricity requirements within its franchise area.

Posted: August 13th, 2012 in Editor's Pick,Headlines | Read More »

Shell considers taking part in $2.1B BatMan project

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SEPANG, Malaysia—Royal Dutch Shell is going over its prospects whether it needs to take part in the planned $2.1-billion Batangas-Manila (BatMan 1) natural gas pipeline project of the Philippine government, since it can help support its proposed liquefied natural gas (LNG) project in the country. In an interview at the sidelines of the Shell Eco-Marathon [...]

Posted: July 9th, 2012 in Headlines | Read More »

Shell eyes setting up import terminal for LNG in Batangas

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SHELL BULLISH  Royal Dutch Shell, through its upstream unit Shell Philippines Exploration BV, is poised to invest another $1 billion to increase the production of the Malampaya deepwater gas-to-power project off Palawan. Shell Philippines vice president for communication Roberto S. Kanapi said there are opportunities for investment and expansion, unlike in the past when the Philippines was placed on low priority.

The Pilipinas Shell Petroleum Corp. has committed to explore the potential of putting up an import regasification terminal for liquefied natural gas (LNG) in the Philippines, adjacent to its existing refinery facility in Tabangao, Batangas.

Posted: June 7th, 2012 in Latest Business Stories | Read More »

Forum Energy seeks partners to develop Sampaguita project

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UK–based Forum Energy Plc is seeking potential partnerships to accelerate the exploration and development of the Sampaguita gas discovery within the Reed Bank basin. Robert Nicholson, executive chair of Forum Energy, said he expected the completion of the company’s first sub-phase work program for Service Contract 72 to give them “significant additional information.” This data, [...]

Posted: June 11th, 2011 in Headlines | Read More »

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