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.
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 [...]
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.
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.
PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., is set to finally take over the compressed natural gas facilities of Shell Companies in the Philippines.
State-owned Philippine National Oil Co. (PNOC) is being considered to spearhead the $2.1-billion Batangas-Manila (BatMan 1) natural gas pipeline project in a bid to finally jumpstart and boost the country’s natural gas industry.
PNOC EXPLORATION Corp., the upstream oil and coal arm of state-owned Philippine National Oil Co., is eyeing to acquire several more petroleum service contracts within the Palawan basin to further expand its exploration acreage. PNOC-EC chair and CEO Gemiliano Lopez Jr. said the company was eyeing either onshore or offshore service contract areas specifically within [...]
