January 27, 2023
The proposed $67-million receiving terminal and regasification facility has an annual capacity of 200,000 to 400,000 tons of LNG imports that can fuel small independent power producers, manufacturing companies and transport fleets.
January 05, 2023
The presidents of China and the Philippines agreed to resume talks on oil and gas exploration in the South China Sea. They will also discuss maritime differences amicably after meeting in Beijing on Jan 4., a move that potentially paves the way for easing recent tensions.
November 01, 2022
Shell Petroleum N.V. (Shell Petroleum) on Tuesday said it has completed the sale of its 100% shareholding in Shell Philippines Exploration to Prime Infrastructure Capital subsidiary Malampaya Energy following final JV and regulatory approvals.
May 20, 2021
“Since it began commercial operations in 2002, Malampaya has supplied a significant portion of the Philippines’ energy demand and it will continue powering the country with indigenous gas following a safe transition of the asset and its experienced workforce,” said Wael Sawan, Shell’s Upstream Director.
April 21, 2021
McDermott International, Ltd announced that its CB&I Storage Solutions business has been awarded a contract by Atlantic Gulf and Pacific Company of Manila Inc. (AG&P) for the engineering, procurement and construction of an LNG storage tank for AG&P's Philippines LNG import and regasification terminal, currently under construction in Batangas, Philippines.
October 16, 2020
The Philippines lifted its moratorium on oil and gas exploration in disputed areas of the South China Sea, a move that was welcomed by China and boosted the shares of the Southeast Asian nation’s energy producers.
May 2018
On April 3, Vietnamese state firm, PetroVietnam, issued the following and unusually blunt statement on its website: “The East Sea is forecast to continue to have uncertainty this year...affecting the company’s efforts to attract foreign investors to invest in its open offshore fields.”
February 19, 2018
The Philippines and China are in talks to jointly pursue oil and gas exploration in disputed waters of the South China Sea, Foreign Affairs Secretary Alan Peter Cayetano said Friday.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.