oil-company | ABS-CBN News

Razon hits back at ex-PNOC president over Malampaya deal

ABS-CBN News
Posted at May 18 10:32 PM

A member of the Malampaya consortium fired back at former president of the Philippine National Oil Company Ed Manalac, who questioned the contract extension of the Malampaya gas field for another 15 years. Read more »

Kuwait Oil Company declares 'state of emergency' after oil spill on land

Agence France-Presse
Posted at Mar 20 05:50 PM

The Kuwait Oil Company declared a "state of emergency" on Monday following an oil spill on land, but said no injuries or disruption to production had been reported. Read more »

Shell posts $20-B annual profit on oil price recovery

Agence France-Presse
Posted at Feb 03 03:46 PM

Energy giant Shell surged back into profit last year as oil prices rocketed on recovering demand as economies reopened from pandemic lockdowns. Read more »

Phoenix Petroleum says net income at P170 million in Jan to Sept

ABS-CBN News
Posted at Nov 10 11:05 AM

Phoenix Petroleum said Wednesday its net income reached P170 million in the first 9 months of the year from a net loss of P95 million in the same period last year. Read more »

Petron posts P4.99-billion net income in Jan-Sept

ABS-CBN News
Updated as of Nov 09 10:24 PM

Petron posted a net income of P4.99 billion in the January to September period, reversing the P12.6 billion net loss it incurred in the same period last year. Read more »

Phoenix Petroleum says domestic market share grew despite pandemic

ABS-CBN News
Posted at Jul 19 10:17 AM

 Phoenix Petroleum on Monday said it has kept its position as the third-biggest oil player in the country after its domestic market share grew in May despite the COVID-19 pandemic. Read more »

Pilipinas Shell converts Tabangao refinery into 'world-class' import terminal

ABS-CBN News
Posted at Jun 30 04:54 PM

Pilipinas Shell on Wednesday said it has inaugurated its world-class import terminal in Tabangao, Batangas which was formerly a refinery.   Read more »

Shell ordered to deepen carbon cuts in landmark Dutch climate case

Bart H. Meijer, Ron Bousso and Shadia Nasralla, Reuters
Updated as of May 27 08:27 AM

A Dutch court ordered Royal Dutch Shell to drastically deepen planned greenhouse gas emission cuts on Wednesday, in a landmark ruling that could trigger legal action against energy companies around the world.   Read more »

Petron posts P1.73 billion net income in first quarter

ABS-CBN News
Posted at May 04 02:31 PM

The country’s biggest oil firm added that its performance in the first 3 months of the year was better than the P1.2 billion net income in the fourth quarter of 2020.  Read more »

State oil exploration firm unsure if PH can start its first oil drilling by June 2022

Bruce Rodriguez, ABS-CBN News
Posted at Apr 30 08:37 PM

The Philippines may need more time before it can begin its first oil-drilling activities, even as President Rodrigo Duterte lifted the moratorium on oil exploration in the West Philippine Sea in October 2020. Read more »

PNOC eyes increasing stake in Malampaya

Davinci Maru, ABS-CBN News
Posted at Nov 10 04:48 PM

The Philippine National Oil Company (PNOC) said Tuesday it was studying the possibility of increasing its stake in the Malampaya gas field following Chevron’s divestment of the project. Read more »

Group urges to keep Petron refinery running amid closure reports

Warren de Guzman, ABS-CBN News
Posted at Oct 29 12:03 AM

Several news organizations earlier reported that Petron was planning to permanently shut down its Bataan refinery because the tax system put it at a disadvantage versus importers of finished products.  Read more »