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Upstream oil, gas sector upbeat as work programs start
January 12, 2026
|Business World Philippines
THE upstream oil and gas sector is starting the year on an optimistic note, with industry players set to begin their work programs after securing new petroleum service contracts from the government.
“The year 2026 marks a new era for the Philippines’ upstream oil and gas industry — one of renewed exploration, energy innovation, and investor confidence,” Edgar Benedict C. Cutiongco, president of the Philippine Petroleum Association, told BusinessWorld.
He said newly awarded onshore and offshore petroleum service contracts are expected to begin their approved exploration and development activities this year, “bringing in vital investments and reinforcing the country’s role in regional energy security.”
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