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Otto eyes new SC55 partner by mid-2014

Australia’s Otto Energy Ltd., which has taken control of the oil and gas venture in Service Contract 55 (SC 55) off Palawan, hopes to find a new exploration partner by mid-year.

Posted: April 17th, 2014 in Headlines | Read More »

Cebu Pacific increases flights to meet demand


Cebu Pacific Air, the country’s largest budget carrier, is increasing international and domestic capacity amid an expected boost in passenger traffic during the summer months, a statement on Tuesday showed.

Posted: April 16th, 2014 in Headlines | Read More »

PLDT completes P1B Palawan fiber optic link


Philippine Long Distance Telephone Co., the country’s largest telecommunications provider, has completed a 620-kilometer fiber optic project linking Palawan province to its broader network infrastructure.

Posted: April 4th, 2014 in Headlines | Read More »

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


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 »

Travel to Kota Kinabalu cut due to new flights


The three-hour travel time to Kota Kinabalu in Malaysia from Puerto Princesa in Palawan has been effectively cut by more than two hours with the recent start of flights provided by MASwings Sdn. Bhd.

Posted: November 25th, 2013 in Headlines | Read More »

DOE plans inclusion of SC55 in new energy contracting round


The Service Contract 55 (SC55) oil exploration area in offshore Palawan, which is in operational limbo with the pullout of operator BHP Billiton Petroleum (Philippines) Corp., may be up for grabs in the next contracting round of energy resources.

Posted: November 25th, 2013 in Headlines | Read More »

Nickel Asia reports 8% ore output growth


Nickel Asia Corp. on Thursday reported an 8-percent year-on-year increase in its ore output volume for the first nine months of 2013 to 10.32 million wet metric tons (WMT).

Posted: October 11th, 2013 in Headlines | Read More »

Shell: Malampaya expansion on track


The expansion of the Malampaya deepwater-to-gas power project in offshore Palawan is progressing and on track, according to operator Royal Dutch Shell plc, one of the venture partners.

Posted: September 27th, 2013 in Headlines | Read More »

Power firm picks contractor for Palawan projects

Calamian Islands Power Corp. (CIPC), a joint venture of Vivant Corp.’s wholly owned subsidiary, Vivant Energy Corp. and Gigawatt Power Inc., has picked Sta. Clara International Corp. (SCIC) as the engineering, procurement and construction contractor for its Busuanga and Coron power Plant projects.

Posted: August 1st, 2013 in Headlines | Read More »

Power firm picks contractor for Palawan projects


Calamanian Islands Power Corporation (CIPC), a joint venture of Vivant Corporation’s wholly-owned subsidiary, Vivant Energy Corporation (VEC) and Gigawatt Power Inc. (GPI), has picked Sta. Clara International Corporation (SCIC) as the Engineering, Procurement and Construction (EPC) contractor for its Busuanga and Coron Power Plant projects after a thorough and
competitive selection process.

Posted: August 1st, 2013 in Uncategorized | Read More »

Otto Energy strikes oil off Palawan


The country’s only producing oil project, the Galoc field off northwest Palawan, seems set for phase II production later this year as operator Otto Energy reportedly struck oil while drilling one of two new wells at the site.

Posted: July 18th, 2013 in Editor's Pick,Headlines | Read More »

PNOC unit, Aussie firm allot P1B for oil drilling


Australian firm Nido Petroleum Ltd. and PNOC Exploration Corp. are investing $25 million or (roughly P1 billion) to tap as much as 977 million barrels of gross, “unrisked” oil-in-place within the Baragatan prospect off northwest Palawan.

Posted: May 7th, 2013 in Editor's Pick,Headlines | Read More »



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