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PHINMA Petroleum and Geothermal, Inc. (PPG) has withdrawn from a service contract that sought to explore the possibility of geothermal energy in Leyte, the company told the stock exchange on Thursday.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

Typhoon-proof housing community project in Leyte nearing completion

FAMILIES residing near a lake in Leyte will soon be less vulnerable to floods as the Philippine Red Cross, in partnership with the American Red Cross, inches closer to the completion of a disaster-resilient relocation site for communities severely affected by Typhoon Yolanda. PRC Chairman Richard Gordon said the P30-million….....»»

Category: newsSource:  journalRelated NewsMay 19th, 2018

How dolphins shaped environmental laws, protected Benham Rise

MANILA, Philippines— In 2007, environmental lawyers led by Atty. Benjamin Cabrido Jr, took the initiative to serve the most unlikely clients: dolphins, whales, and porpoises. For almost 8 years, they argued in court and insisted that oil exploration, development and exploitation of resources by Japan Petroleum Exploration Co. Ltd. (Japex) ........»»

Category: newsSource:  rapplerRelated NewsMay 17th, 2018

Phoenix Petroleum breaks ground for asphalt facility

Phoenix Petroleum Philippines, Inc. said it had broken ground for the asphalt facility it is building with local and foreign partners in Calaca, Batangas. The project, under Phoenix Asphalt Philippines, Inc., launched on May 3. The unit is the joint venture of Phoenix Petroleum with Thailand-based Tipco Asphalt Public Co. Ltd, and PhilAsphalt Development Corp. […] The post Phoenix Petroleum breaks ground for asphalt facility appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 8th, 2018

Scientists shocked as NASA cuts only moon rover

In a move that shocked lunar scientists, theNational Aeronautics andSpace Administration (NASA) has canceled the only robotic vehicle under development to explore the surface of the Moon, despite President Donald Trump's vow to return people there. Scientists working on the Resource Prospector (RP) mission, a robotic rover that had been in development for about a decade to explore a polar region of the Moon, expressed astonishment at the decision. "We now understand RP was canceled on 23 April 2018 and the project has been asked to close down by the end of May," said the letter dated April 26 by the Lunar Exploration Analysis Group, addressed to NASA chief Jim Bridenstine and p...Keep on reading: Scientists shocked as NASA cuts only moon rover.....»»

Category: newsSource:  inquirerRelated NewsApr 28th, 2018

Phinma revives plan to put up LNG terminal

Phinma Petroleum and Geothermal Inc. is reviving a plan to build a liquefied natural gas integrated terminal in Cebu, company officials said......»»

Category: financeSource:  philstarRelated NewsApr 14th, 2018

PH, China presses joint South China sea project

THE Philippines and China have agreed to shelve their legal differences to be able to start joint exploration in the disputed South China Sea (SCS). Foreign Secretary Alan Peter Cayetano and China Foreign Ministry Spokesperson Geng Shuang made separate announcements on the development in their respective press conferences on Wednesday.….....»»

Category: newsSource:  journalRelated NewsApr 12th, 2018

OPMC shareholders approve venture into natural gas

Listed oil exploration company Oriental Petroleum and Minerals Corp. (OPMC) has secured the approval of its stockholders to venture into the upstream and downstream natural gas projects of the government while also obtaining their nod for the extension of its corporate life by another 50 years. OPMC, which is marking its 50th year in December […] The post OPMC shareholders approve venture into natural gas appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 27th, 2018

Animal waste: An alternative fuel

3 farming communities in Southern Leyte were relieved somehow from using expensive fuel in cooking after the DAR introduced to them the Community-managed Potable Water and Sanitation Hygiene (CPWASH) project......»»

Category: newsSource:  samarnewsRelated NewsMar 19th, 2018

Siklab Atleta aims for the Philippines first Olympic gold medal

The Siklab Atleta Pilipinas Sports Foundation, a project aimed to gather support from the private sector to fund the athletes who have potential to bring home the first-ever Olympic gold for the country, was formally launched on Saturday. Phoenix Fuel Corporation and Presidential Adviser on Sports Dennis Uy, who is the man behind Siklab Atleta, cites the natural and admirable talent of the Filipino athlete on the global stage.   "The road towards bringing home the first Olympic gold is not easy, but with the support of everybody, we may have chance,” said Uy. 2019 Southeast Asian Games Organizing Committee Chairman and Department of Foreign Affairs Secretary Alan Peter Cayetano was also in attendance.   “We may disagree, we may argue but for as long as we are united in the goal of helping our athletes, then we are good,” remarked Cayetano.   Cayetano also touched on the subject of taking care of athletes who have passed their prime and are in very dire situations in life. “Yes the country will “use” you, but it is our commitment to you that we will never forget you.  We will take care of you.” Sixteen corporate sponsors namely SM investments Corp., Belle Corporation, RFM Corporation, Alaska Milk Corp., Tanduay Distillery, JG Summit Holdings, Inc., Megawide Construction Corp., International Container Terminal Services, Inc., San Miguel Corporation, PLDT, Unilab, Ulticon Builders Inc., Phoenix Petroleum, 2Go, Megaworld Corporation, Robinsons Land Corporation and Philippine International Air Terminal Corp., have so far pledged their support. Philippine Sports Commission (PSC) Chairman William "Butch" Ramirez expressed his gratitude towards the private sector whose partnership is important to help our athletes succeed. Newly-elected Philippine Olympic Committee (POC) President Ricky Vargas echoed Ramirez in his message of unity saying “it takes a whole community to support an athlete.”  He also said that all sports stakeholders must unite to find the best athletes to represent the country.   The foundation has identified thirty athlete-recipients so far.  Fourteen of them, led by Rio Olympics Silver medalist Hidilyn Diaz, were in attendance as the others are training overseas or participating in competitions. Newly-elected POC Chairman, Congressman Bambol Tolentino intimated that the athletes’ “pusong Pinoy” is what he feels when he watches a live sporting match, “but in this room, with all of you sports leaders and heroes, dama ang buong pusong Pinoy”......»»

Category: sportsSource:  abscbnRelated NewsMar 3rd, 2018

DE Adongay supports NIA’s project implementations and speedy recovery of damaged irrigations caused by typhoons Urduja and Agaton

The NIA Leyte Irrigation Management Office - Region 8 conducts a stakeholders forum on January 31 at Marvin’s Seaside Inn, Brgy. Atipolo, Naval, Biliran......»»

Category: newsSource:  samarnewsRelated NewsFeb 24th, 2018

5,000 days on Mars: NASA celebrates Opportunity rover’s extended stay

NASA stands proud as the space agency celebrated the continued operation of the Mars rover Opportunity after more than 5,000 days of exploration. Initially planned to work for only 90 days, the Opportunity Mars rover has since gone far beyond its mission parameters. The team didn't expect the rover to survive a Martian winter and continue sending pictures back to Earth, according to a statement. "Five thousand sols after the start of our 90-sol mission, this amazing rover is still showing us surprises on Mars," said Opportunity Project Manager John Callas, of NASA's Jet Propulsion Laboratory in Pasadena, California. Days are longer by 40 minutes on Mars compared with Earth d...Keep on reading: 5,000 days on Mars: NASA celebrates Opportunity rover’s extended stay.....»»

Category: newsSource:  inquirerRelated NewsFeb 20th, 2018

Exploration contract policy revised by DoE

The Department of Energy (DoE) issued on Tuesday a circular on the new policy on awarding petroleum exploration contracts in the Philippines. Department Circular DC2017-12-0017, or the Philippine Conventional Energy Contracting Program of Awarding Petroleum Service Contracts (PSCs), aims to process applications and award service contracts to interested applicants in a simpler and faster way. [...] The post Exploration contract policy revised by DoE appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 24th, 2018

Alejano warns vs DFA’s approval of China exploration in Benham Rise

  Magdalo Rep. Gary Alejano has expressed concern over the Department of Foreign Affairs' (DFA) approval of China's request to conduct a marine scientific research in Benham Rise.   In a statement late Thursday, Alejano revealed that he has received information that the DFA granted the request of the Institute of Oceanology of Chinese Academy of Sciences (IO-CAS) for a marine scientific research (MSR) in Philippine waters.   "As a requirement, they will be joined by the University of the Philippines -- Marine Science Institute (UP-MSI). The project's area will cover Eastern Luzon, where Benham Rise is located, and Eastern Mindanao," he said.   ...Keep on reading: Alejano warns vs DFA’s approval of China exploration in Benham Rise.....»»

Category: newsSource:  inquirerRelated NewsJan 12th, 2018

Manila Water to boost investments in Leyte project

MANILA, Philippines — Ayala-led Manila Water Co. Inc......»»

Category: financeSource:  philstarRelated NewsDec 11th, 2017

Manila Water bags Leyte project

MANILA WATER Company, Inc. on Thursday said it has bagged a project to build and manage the water supply and sanitation facilities in Leyte. In a disclosure to the stock exchange, Manila Water said it received the notice of award from Leyte Metropolitan Water District (LMWD) for the joint venture project for construction, rehabilitation, maintenance, […] The post Manila Water bags Leyte project appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 7th, 2017

MRC Allied invests in Leyte solar project

MANILA, Philippines —  MRC Allied Inc., which is diversifying into the power sector, has acquired a 15 percent stake in a solar power project in Palo, Leyte......»»

Category: financeSource:  philstarRelated NewsSep 20th, 2017

Viacom withdraws from Nickelodeon project in Palawan - ABS-CBN News

Viacom withdraws from Nickelodeon project in Palawan - ABS-CBN News.....»»

Category: newsSource:  googlenewsRelated NewsAug 22nd, 2017