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Proposals for state-run Philippine National Oil Company (PNOC) to re-enter oil marketing and trading have surfaced to help mitigate the prices of fuel in the country. In a report by the Manila
The House Committee on Energy has approved a bill amending Republic Act 8479 or the Oil Deregulation Law as local pump prices continue to rise. The committee has particularly proposed some key
Newly-installed Philippine National Oil Company (PNOC) President and CEO Jesus Cristino Posadas said he will tap the private sector to pursue the government-owned oil firm’s projects. In his speech, Posadas said these
The Department of Energy (DOE) met with downstream oil industry players on Friday to come up with a collective strategy to ensure that there’s enough oil supply amid the soaring prices affected
The government is concerned that oil prices may be hitting $100 per barrel soon, but says it’s “ready,” according to Finance Sec. Carlos Dominguez III. In an interview with CNBC on Friday,
The Philippine National Oil Company (PNOC) said on Friday it sold a part of the banked gas from the Malampaya gas field to undisclosed buyers on December 26, according to a Manila
House Assistant Majority Leader and Cebu Rep. Eduardo Gullas criticized the Makati Business Club (MBC) for calling on the government to take control of the operations of the offshore Malampaya gas field.
Sen. Sherwin Gatchalian said the Senate may request the Commission on Audit (COA) to do a full “fraud audit” on the Department of Energy (DOE) and attached agency Philippine National Oil Company
Petron President and CEO Ramon Ang is offering to the government a buyback of the oil giant amid lawmakers’ proposals to return the company to state control as a solution to series
Udenna Corporation of Davao-based tycoon Dennis Uy has broken its silence defend its acquisitions of Chevron’s and Shell Philippines Exploration B.V.’s (SPEX) combined 90% stake in the Malampaya gas project. Based on
