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The Philodrill Corporation is a petroleum exploration company based in the Philippines and publicly-listed on the Philippine Stock Exchange (PSE: OV).Its primary business is focused on exploring, developing, and producing oil, gas, and minerals products.
PNOC Exploration Corporation is the upstream oil, gas and coal subsidiary of the state-owned Philippine National Oil Company. A government owned and controlled corporation, the Company was incorporated on April 20, 1976, and is mandated by the government through the Department of Energy (DOE) to take the lead in exploration, development and production of the country’s oil, gas and coal ...
Before any extraction begun, it was estimated that the Alegria oil field had an oil reserve of 27.93 million barrels with a probable production recovery of 3.35 million barrels. The Alegria field is also a natural gas field hosting an estimated 9.42 billion cubic feet of natural gas. It is estimated that the reserves will last until 2037. [8]
The Philippines may have made its decision to invest heavily in natural gas in part on the advice of the U.S. Agency for International Development, which encouraged the expansion, arguing in a ...
Oil and gas stocks have been a roller coaster ride lately, with prices dropping during the pandemic. Then, it rose when supply was tightened, and people began moving around again. The unrest in the...
Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday. Total capital expenditure in renewables ...
This was the first oil and gas platform to be designed and built in the Philippines, and its successful completion has made the country a player in construction for the oil and gas industry. The upstream component of the US$4.5 billion Malampaya gas-to-power project was expected to provide substantial long-term revenue of between $8 billion ...
Philippines President Rodrigo Duterte on Friday defended the sale of an oil and gas concession to a firm controlled by a tycoon ally after a senate panel approved the filing of charges against ...