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PPP considered for Batman1 gas project

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The Philippine National Oil Co. (PNOC) is tapping the PPP Center’s technical assistance fund to determine whether the $2.1-billion, 105-kilometer Batangas-Manila (Batman 1) natural gas pipeline project is suitable as a public-private partnership (PPP) project, according to concerned officials.

Posted: June 6th, 2013 in Editor's Pick,Headlines | Read More »

PNOC-EC bags 3 deals for coal exploration in Mindanao

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PNOC-EC

PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., has bagged three new contracts to explore and develop prospective coal blocks in Mindanao.

Posted: May 6th, 2013 in Latest Business Stories | Read More »

Brunei state oil company signs agreement with PNOC

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Petroleum National Brunei, the national oil company of Brunei Darussalam, has signed an agreement with state-run Philippine National Oil Co. to jointly implement investment opportunities in the liquefied natural gas (LNG) and upstream oil sectors here. According to a document from the Department of Energy, the signing of the agreement was an offshoot of the [...]

Posted: December 25th, 2012 in Editor's Pick,Headlines | Read More »

Audit confirms P122-M losses in PNOC firm’s 2009 coal deal

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PNOC-EC

The state-run Philippine National Oil Co.-Exploration Corp. (PNOC-EC) registered losses of more than P122.4 million in an allegedly anomalous importation of almost 70,000 metric tons of Indonesian coal in 2009, according to an internal audit conducted by the energy firm.

Posted: September 22nd, 2012 in Latest Business Stories,Property Guide | Read More »

Execs of PNOC firm face plunder raps

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PNOC-EC

The president of the state-run Philippine National Oil Co. and the former head of PNOC-Exploration Corp., PNOC’s sister company, along with five other top PNOC-EC officials, are facing plunder charges before the Ombudsman over their supposed involvement in the allegedly irregular importation of over $5.36 million worth of Indonesian coal in 2009.

Posted: August 17th, 2012 in Latest Business Stories | Read More »

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