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SC 51 work scrubbed due to safety issues

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Otto_Energy

Otto Energy Ltd. of Australia is abandoning Service Contract 51 in Leyte, citing safety concerns.

Posted: May 3rd, 2014 in Latest Business Stories | Read More »

Philex-led consortium gets SC75 contract

Philex Petroleum Corp. has received a copy of Petroleum Service Contract No. 75 (SC 75) from the Department of Energy, which is getting ready to launch another round of auctions for oil and coal contracts in the first quarter of the year.   In a disclosure to the Philippine Stock Exchange, Philex Petroleum said the […]

Posted: January 3rd, 2014 in Headlines | Read More »

Otto Energy to acquire BHP Billiton’s stake in SC 55

By
Otto_Energy

Australian firm Otto Energy Ltd. has executed a letter of intent to acquire the 60-percent stake of BHP Billiton in Service Contract 55 off Palawan.

Posted: November 29th, 2013 in Latest Business Stories | Read More »

PH weighs options on future of SC 55

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Energy Secretary Carlos Jericho Petilla: Weighing options. INQUIRER FILE PHOTO

The Philippine government is weighing its options on Service Contract 55 (SC 55) oil exploration area off Palawan after the operator, BHP Billiton Petroleum (Philippines) Corp., decided to withdraw, leaving its venture partner in limbo.

Posted: November 22nd, 2013 in Latest Business Stories | Read More »

Filipino, China oil firms eye deal in disputed sea

DOE Secretary Jericho Petilla. AP FILE PHOTO

A Filipino-British company has begun talks with China’s state-owned offshore oil producer for a deal to jointly explore for oil and gas in the Reed Bank, a vast offshore area disputed between China and the Philippines, a Filipino official said Wednesday.

Posted: October 23rd, 2013 in Latest Business Stories | Read More »

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