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Phinma Petroleum withdraws from Leyte exploration project

PHINMA Petroleum and Geothermal, Inc. (PPG) has withdrawn from a service contract that sought to explore the possibility of geothermal energy in Leyte, the company told the stock exchange on Thursday. The energy exploration company, a unit of Phinma Energy Corp., said it would recognize a loss of P32.7 million for the write-off of its […] The post Phinma Petroleum withdraws from Leyte exploration project appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineMay 17th, 2018

Phinma to conduct further studies in Palawan

By Victor V. Saulon, Sub-Editor PHINMA Petroleum and Geothermal, Inc. (PPG) plans to conduct further geophysical studies in service contract (SC) 55, the offshore southwest Palawan deepwater exploration site near the area where gas was discovered in 2015. Raymundo A. Reyes, Jr., PPG executive vice-president and chief operating officer, said the company had committed to […] The post Phinma to conduct further studies in Palawan appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 15th, 2018

Phinma eyes LNG facility in Cebu

By Victor V. Saulon, Sub-Editor PHINMA Petroleum and Geothermal, Inc. (PPG) is developing a liquefied natural gas (LNG) facility with a 120-megawatt (MW) power plant in Cebu, which company officials expect to be completed by 2022 to 2023. “We are developing an LNG-to-power project in Argao, Cebu,” Raymundo A. Reyes, Jr., PPG executive vice-president and […] The post Phinma eyes LNG facility in Cebu appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 13th, 2018

Phinma Petroleum may complete geothermal deal this year

MANILA, Philippines - Newly renamed Phinma Petroleum and Geothermal Inc. (PPGI) is hopeful of closing a geothermal project deal within the year......»»

Category: financeSource:  philstarRelated NewsJun 25th, 2017

Gov’t moving to allow work to resume at gas field in disputed waters

THE DEPARTMENT of ENERGY (DoE) is recommending to the Department of Foreign Affairs (DFA) the end of the suspension of exploration in a disputed South China Sea area covered by Service Contract (72), after PXP Energy Corp. -- the company with the biggest stake in the project -- submitted its request to pursue its work program, Energy officials said on Thursday......»»

Category: financeSource:  bworldonlineRelated NewsJan 3rd, 2019

Malampaya consortium spending up to P5 billion for further exploration

The consortium owning Service Contract 72 in the West Philippine Sea is looking to spend P4-5 billion to fund the country’s new Malampaya project once the Philippine government decides to lift the force majeure (FM) on the project......»»

Category: financeSource:  philstarRelated NewsDec 23rd, 2018

Safer ‘Great Wall’ of Leyte

To ensure the safety of pedestrians and bikers, the Department of Public Works and Highways (DPWH) Region 8 has installed metal railings at the Leyte Road Heightening and Tide Embankment (RHTE) project in Eastern Visayas. The P7.95-billion 31.47 kilometer project that stretches from Diit village in Tacloban to Cabuynan village in Tanauan town dubbed “Great […].....»»

Category: newsSource:  tribuneRelated NewsNov 24th, 2018

PXP Energy raises P7.11-B funding for petroleum exploration

PXP Energy, the petroleum exploration unit of tycoon Manuel V. Pangilinan, will be raising P7.11 billion via private placement so it could beef up cash resources for its oil and gas exploration projects. PXP Energy raises P7.11-B funding for petroleum exploration Source link: PXP Energy raises P7.11-B funding for petroleum exploration.....»»

Category: newsSource:  manilainformerRelated NewsNov 13th, 2018

Sugar block farm doubles the harvest

The Magsasaka ng Libongao Farmers Association (MAGSALIA) in Kananga, Leyte, reported that they harvested 73.1 tons of sugar in their one hectare demo farm thru the Sugar Block Farm Project (SBFP) introduced to them in 2017 by the Department of Agrarian Reform (DAR)......»»

Category: newsSource:  samarnewsRelated NewsNov 1st, 2018

More Oil Exploration Activities in PH Pushed

Top management of Shell Philippines Exploration B.V. (SPEX), operator and developer of the Malampaya deep water gas-to-power project, said more effort should be put in oil exploration activities to ensure steady energy supply for the country in the future. During the Energy Smart Philippines 2018 of the European Chamber of Commerce of the Philippines on […].....»»

Category: newsSource:  metrocebuRelated NewsOct 26th, 2018

Oil Deal with Israel to Boost PH’s Energy Resources Dev’t: Palace

The Philippines’ new oil exploration deal with Israel’s Ratio Petroleum Ltd. would boost the country’s energy resources development, Malacañang said on Thursday. “We’ve been dependent on oil producing countries for our oil. So we need to boost the exploration and development of our own energy resources,” Presidential Spokesperson and Chief Presidential Legal Counsel Salvador Panelo […].....»»

Category: newsSource:  metrocebuRelated NewsOct 19th, 2018

PHL signs oil exploration deal with Israel’s Ratio Petroleum

THE Philippines on Wednesday formally awarded a petroleum service contract (PSC) to Israeli firm Ratio Petroleum Ltd. for the exploration of an area in the east Palawan basin, a move which the Energy department said bodes well for country’s upstream petroleum industry. The post PHL signs oil exploration deal with Israel’s Ratio Petroleum appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2018

First oil contract under Duterte admin signed

Malacañang on Thursday, October 18, confirmed that President Rodrigo Roa Duterte has signed the first-ever petroleum service contract under his administration that would pave the way for the conduct of more oil exploration activities in the country. The President attended on Wednesday the ceremonial signing of the Petroleum Service Contract (PSC) for Area 4 (East […].....»»

Category: newsSource:  tribuneRelated NewsOct 18th, 2018

PH signs deal with Israeli firm for oil exploration east of Palawan

MANILA, Philippines – The Philippines has signed an oil exploration deal with Israeli firm Ratio Petroleum Ltd, allowing the company to explore for oil and gas resources in an area east of Palawan. The Petroleum Service Contract (PSC) was signed by President Rodrigo Duterte, Energy Secretary Alfonso Cusi, and Ratio ........»»

Category: newsSource:  rapplerRelated NewsOct 18th, 2018

Kalinga geothermal project progresses to exploration drilling& '2013266080;

CITY OF TABUK, Kalinga, Oct. 15 (PIA) - - Geothermal exploration in the province is progressing with drilling targeted to start next year.Kalinga Geothermal Project, a consortium of Aragorn.....»»

Category: newsSource:  philippinetimesRelated NewsOct 15th, 2018

Jeff Bezos space project lands big rocket partnership

SAN FRANCISCO, USA – Jeff Bezos-backed Blue Origin space exploration project on Thursday landed a major deal to provide engines for a next-generation rocket being built by a major US launch services contractor. United Launch Alliance (ULA) said that Blue Origin will provide engines for the booster stage of a ........»»

Category: newsSource:  rapplerRelated NewsSep 28th, 2018

Leyte anti-storm surge project 70% complete

DPWH Eastern Visayas regional office reported that thetide embankment project in Tacloban City to Palo and Tanauan, Leyte is now 70 percent complete. Leyte anti-storm surge project 70% complete PALO, Leyte – The Department of Public Works and Highways (DPWH) Eastern Visayas regional office reported that thetide embankment project in Tacloban City to Palo and… link: Leyte anti-storm surge project 70% complete.....»»

Category: newsSource:  manilainformerRelated NewsSep 27th, 2018

PH, Israel s Ratio Petroleum to sign oil exploration deal - Palace

Jerusalem - The Philippines and Israel Israeli-owned company Ratio Petroleum are set to sign an oil exploration deal, Presidential Spokesperson Harry Roque said on Tuesday. Roque said the oil explo.....»»

Category: newsSource:  philippinetimesRelated NewsSep 5th, 2018

PHL hopes to sign Palawan oil exploration deal in Israel

THE Philippines expects to sign a Palawan oil exploration agreement with Israel’s Ratio Petroleum Energy Ltd during President Rodrigo R. Duterte’s visit, Malacañang said. The post PHL hopes to sign Palawan oil exploration deal in Israel appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 4th, 2018

PH, Israel to Sign Deal on Energy Exploration

MANILA — The Philippine government is scheduled to sign an agreement with Israeli oil firm Ratio Petroleum Limited, which will cover energy exploration in Palawan, Malacañang said Tuesday. “Inaasahan po natin na mapipirmahan ang isang kasunduan para po sa exploration sa panig ng Pilipinas at ang isang kumpanya dito sa Israel, eto po ay with […].....»»

Category: newsSource:  metrocebuRelated NewsSep 4th, 2018

Philippines to sign exploration deal with Israeli oil company

MANILA, Philippines – The Philippines will sign an oil exploration agreement with an Israeli oil company before President Rodrigo Duterte ends his 4-day Israel visit. Presidential Spokesman Harry Roque announced that on Tuesday, September 4, the government is expected to sign a deal with Ratio Petroleum Limited, allowing the company ........»»

Category: newsSource:  rapplerRelated NewsSep 4th, 2018