OIL and gas prospects from 2029 all the way to 2050 could produce 42.14 million barrels (MMB) of crude oil and 4.6 trillion cubic feet (TCF) of natural gas, data from the Department of Energy (DOE) showed. Based on the oil and gas roadmap, production from 2023 to 2024 would…
THE Malampaya consortium has turned over $13 billion to the national government (NG), representing the total royalties remitted since the Malampaya deep water gas-to-power project in offshore Palawan started. “The SC [service contract] 38 has generated and remitted to the Philippine government some $13 billion since its inception,” said Prime…
Prime Infrastructure Capital Inc. of tycoon Enrique Razon is eager to provide the country with gas at the least cost possible through the Malampaya deep water gas-to-power project as well as other potential service contracts.