Gov’t earns $1.1B from Malampaya stake
By Ronnel W. DomingoThe government earned $1.1 billion in 2012 from its 10-percent stake in the Malampaya natural gas project through PNOC Exploration Corp.
The government earned $1.1 billion in 2012 from its 10-percent stake in the Malampaya natural gas project through PNOC Exploration Corp.
A consortium composed of Philex Petroleum Corp., PNOC Exploration Corp. and PetroEnergy Resources Corp. has bagged the contract to explore and develop prospective oil and gas blocks off Northwest Palawan.
PNOC Exploration Corp. is seeking joint-venture partners to speed up the construction of two critical coal-fired power plants that can add a combined 200 megawatts to the Luzon and Mindanao grids.
PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., expects to start operating within the year its two new compressed natural gas (CNG) facilities, which are deemed critical in helping boost the government’s natural gas program.
With two weeks to go before the ultimate deadline, 19 listed companies are still below the 10-percent minimum public ownership required for continued listing on the Philippine Stock Exchange.
PNOC Exploration Corp., the upstream oil and exploration arm of state-run Philippine National Oil Co., is planning to resume its large-scale coal trading by 2013 to shore up its revenues and its contribution to the national coffer.
PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., is seeking joint-venture partners that will hold a majority stake in Service Contract 37 and pursue its exploration program within the Cagayan basin.
PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., expects to take over by March 2013 the compressed natural gas station in Laguna owned by Pilipinas Shell Petroleum Corp.
PNOC Exploration Corp., the upstream oil and coal arm of the state-run Philippine National Oil Co., is planning to start its follow-on offering on December 10 this year to allow it to comply with the listing requirement of the Philippine Stock Exchange.
PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., has defended its own ranks from the plunder charges filed against them for allegedly engaging in anomalous coal transactions worth $5.36 million.
PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., is targeting to offer 218 million primary shares within the fourth quarter this year to comply with the mandatory 10-percent minimum public float.
PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., has started a P400-million capital investment program that calls for the construction of compressed natural gas (CNG) facilities in Luzon.
