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Phoenix Petroleum expects lower oil prices in fourth quarter as stockpiles rise

Phoenix Petroleum expects lower oil prices in fourth quarter as stockpiles rise
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Malampaya gas supply seen dropping to 1,000 MW

The volume of gas that can be supplied by the Malampaya field will drop to 1,000 megawatts of equivalent power capacity in 2024, which is also the timeframe for the expiration of the project’s Service Contract (SC) 38, if no license extension is extended by the government.

According to Atty Raym ....

United States , Raymondt Zorrilla , Uc Malampaya Philippines Pte Ltd , Chevron Corporation , Philippine National Oil Company , Udenna Corporation , Exploration Corporation , Service Contract , Malampaya Energy , Malampaya Energy Xp Pte , Patty Raymond , Philippines Pte Ltd ,