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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 ...
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]
A Philippine oil tanker sank in Manila Bay early Thursday after encountering huge waves, leaving a crewman dead and 16 others rescued in a late-night operation by the coast guard. The force was ...
Continuous heavy rains, massive flooding and landslides across the Philippines killed at least 13 people and displaced more than 600,000, and an oil tanker capsized off the country’s coast ...
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 ...
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 ...
An influential politician in the Philippines, who has been a cheerleader for natural gas power, is behind a company that planned to make a fortune from it, an Associated Press investigation of ...
In 2013, the Philippines sourced 5.97% of its energy from oil-based sources. [7] As of March 2016, there were a total of 212 gas and diesel-powered facilities in the Philippines. [9] [10] [11] The large number of oil-powered power plants is a result of a lower per plant output compared to coal and natural gas. Oil-powered power plants can be ...