Advertisements


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PHINMA Petroleum and Geothermal, Inc. (PPG) has withdrawn from a service contract that sought to explore the possibility of geothermal energy in Leyte, the company told the stock exchange on Thursday.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

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

Philippines to ink oil exploration deal with Israeli firm

Presidential spokesman Harry Roque said the agreement with Ratio Ratio Petroleum Ltd. would help ensure energy security in the Philippines......»»

Category: newsSource:  philstarRelated NewsSep 4th, 2018

PNOC-EC sets new deadline for bids to supply Euro 4

PNOC EXPLORATION Corp. (PNOC-EC) plans to buy Euro 4 gas oil or diesel fuel from the seller’s point of origin in a move that has seen the state-led company setting a new deadline in its bid to import competitively priced petroleum products. The post PNOC-EC sets new deadline for bids to supply Euro 4 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 23rd, 2018

Iran: China’s state-owned energy CNPC takes over French Total

TEHRAN, Iran --- Iran's official IRNA news agency is reporting that China's state-owned petroleum corporation has taken a majority share of the country's South Pars gas project after French oil and gas company Total announced it would pull out because renewed U.S. economic sanctions against Iran. The Saturday report quotes Mohammad Mostafavi, an official in Iran's state oil company, as saying CNPC now owns 80 percent of the shares in the $5 billion project, having bought shares from Total. CNPC originally had some 30 percent of shares in the project. The renewal of U.S. sanctions took effect on Tuesday. /cbb...Keep on reading: Iran: China’s state-owned energy CNPC takes over French Total.....»»

Category: newsSource:  inquirerRelated NewsAug 12th, 2018

Cusi Orders Importation of Low-Cost Oil to Help Arrest Inflation

  Energy Secretary Alfonso G. Cusi takes steps to address slowing growth and high commodity prices by tapping the Philippine National Oil Company-Exploration Corporation (PNOC-EC) to import low-priced fuel.   PNOC-EC acquired in December last year, a trading function to generate added income for the government.   “PNOC-EC will source low-priced petroleum products particularly diesel, […].....»»

Category: newsSource:  boholnewsdailyRelated NewsAug 11th, 2018

DoTS: Fast tracks project completion and transactions

DPWH Samar First District Engineering Office (SFDEO) participated in the Training on Document Tracking System (DoTS) for Civil Works from July 9 to 11 at the DPWH Multi-purpose Hall in Baras, Palo, Leyte......»»

Category: newsSource:  samarnewsRelated NewsAug 1st, 2018

Phoenix expects to be part of CNOOC’s proposed LNG project

PHOENIX Petroleum Philippines, Inc. expects to be part of the liquefied natural gas (LNG) project being proposed by China National Offshore Oil Corp. (CNOOC), possibly in partnership with state-led Philippine National Oil Co. (PNOC). The post Phoenix expects to be part of CNOOC’s proposed LNG project appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 25th, 2018

Oil, gas exploration firms seek retention of perks

The Petroleum Association of the Philippines (PAP) yesterday called for the retention of incentives for their sector, saying this was needed especially in light of the looming depletion of the Mala.....»»

Category: newsSource:  philippinetimesRelated NewsJun 20th, 2018

PNOC mulls taking over Malampaya after 2024

The oil and gas exploration arm of state-run Philippine National Oil Co. is looking into the possibility of continuing to run the Malampaya deep water gas-to-power project without its present partners, a ranking official of the Department of Energy said......»»

Category: financeSource:  philstarRelated NewsJun 19th, 2018

Phoenix inks deal with likely partner in LNG terminal project

Phoenix Petroleum Philippines Inc. yesterday said it had signed a memorandum of understanding (MOU) with Beijing-based CNOOC Gas and Power Group Co. Ltd. for a potential partnership in a liquefied.....»»

Category: newsSource:  philippinetimesRelated NewsJun 6th, 2018

Phoenix inks deal with CNOOC for LNG project

PHOENIX Petroleum Philippines, Inc. on Tuesday said it had signed a memorandum of understanding (MoU) with a unit of China National Offshore Oil Corp. (CNOOC) to develop a receiving terminal for imported liquefied natural gas (LNG) in the country. The post Phoenix inks deal with CNOOC for LNG project appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 6th, 2018