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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.
In 2009, China International Mining Petroleum Co. Ltd. (CIMP Co. Ltd.) was granted Petroleum Service Contract No. 49 allowing the firm to explore and drill oil in Alegria. [6] Six other firms had considered conducting oil exploration in Alegria. On August 28, 2014, CIMP Co. Ltd. became the first firm to commence oil exploration in Alegria.
Wellex Industries, Inc. is a Filipino company engaged in mining and oil exploration in the Philippines. Currently headquartered in Ortigas Center, Pasig City, it is one of The Wellex Group's six major business segments. [2] The company was founded in October 1956 as Republic Resources and Development Corporation (also known as REDECO
MANILA (Reuters) -Philippine President Ferdinand Marcos Jr said his country is working to resolve "exploration issues" in the South China Sea so it could start new energy exploration projects in ...
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 ...
The Philippines armed forces will guarantee the "unimpeded and peaceful" exploration and exploitation of natural resources within the country's exclusive economic zone (EEZ) as it shifts its focus ...
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 oil spill from a marine tanker that capsized off the coast of Manila Bay in the Philippines has reached the shores of a nearby fishing village, threatening the health and livelihood of ...