استمتع بـUnlimited مع Magzter GOLD

استمتع بـUnlimited مع Magzter GOLD

احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل

$149.99
 
$74.99/سنة

يحاول ذهب - حر

PXP-led consortium surrenders Linapacan block contract

July 20, 2024

|

The Philippine Star

The consortium led by tycoon Manuel V. Pangilinan’s PXP Energy Corp. has handed back a petroleum service contract in Palawan to the government after failing to identify any drillable prospects in the area.

- BRIX LELIS

PXP told the Philippine Stock Exchange yesterday that the Department of Energy (DOE) authorized the surrender of Petroleum Service Contract (SC) 74 Linapacan, in which it has an operating interest of 70 percent.

Philodrill Corp. and PNOC Exploration Corp. (PNOC EC), respectively, own 25 percent and five percent of the consortium.

SC 74 is located in the shallow waters of the Northwest Palawan Basin and covers an area of around 4,240 square kilometers.

PXP, which informed the DOE of the consortium’s decision in December, said the latest development would “not have a material impact” on its financial statements this year.

المزيد من القصص من The Philippine Star

The Philippine Star

TWO LIVES, RARE ILLNESSES, AND THE SHARED COURAGE TO KEEP GOING

Joven, a respected pioneer in the Philippine public relations industry. Her passing on Oct. 17 at the age of 76 drew attention not only to her lifetime of professional accomplishments, but to the rare and devastating illness she fought: Anti-MDA5 positive amyopathic dermatomyositis complicated by rapid interstitial lung disease.

time to read

2 mins

October 28, 2025

The Philippine Star

DILG to Taal, Kanlaon LGUs: Be on full alert

Following reports of eruptions and earthquakes in Taal and Kanlaon Volcanoes, the Department of the Interior and Local Government (DILG) urged residents in nearby communities to be always on alert and for town or city governments to activate their disaster councils.

time to read

1 min

October 28, 2025

The Philippine Star

Marcos, new Japan PM agree to pursue ACSA

The Philippines and Japan have agreed in principle on an Acquisition and Cross-Servicing Agreement (ACSA) that will allow the Japan Self-Defense Forces and the Philippine military to exchange supplies and services.

time to read

1 min

October 28, 2025

The Philippine Star

Trapped

Overwhelmed and clobbered, our entire nation, not only the government, is saddled with the same issues that have confronted us for decades. Corruption, inefficiencies, fragmented society, political backwardness and poverty. And we are trapped in a consumerist and import-dependent economy with a stagnant manufacturing sector.

time to read

3 mins

October 28, 2025

The Philippine Star

PNB income rises 23% to P18.5 B

Philippine National Bank (PNB) of taipan Lucio Tan posted a 23-percent increase in its consolidated net income to P18.5 billion from January to September, driven by growth in loans, investments and fee-based income.

time to read

1 mins

October 28, 2025

The Philippine Star

Bad weather halts search for missing sabungeros

Search and retrieval operations for the remains of missing cockfight enthusiasts or sabungeros in Taal Lake have been suspended due to poor weather conditions worsened by the latest three volcano eruptions, according to the Department of Justice.

time to read

1 min

October 28, 2025

The Philippine Star

Golden lifts from Hidilyn army

Hidilyn Diaz's influence is in full effect.

time to read

1 min

October 28, 2025

The Philippine Star

MIGUEL'S SHINING MOMENT

Miguel Tabuena provided one brief shining moment that will live forever in the hearts and minds of Filipino fans in a nation struggling in the depth of dark despair.

time to read

1 mins

October 28, 2025

The Philippine Star

The Philippine Star

KOREAN ACTOR BANG SUNG HOON WANTS TO WORK WITH KAPUSOSTARS

Korean actor Bang Sung Hoon was recently in town for a special event organized by Bench. He is friendly, engaging, funny and a gentleman. Sung Hoon wants to work with Alden Richards and Marian Rivera if given the opportunity. As for his love life, he is currently single and likes the girl to make the first move since he is a bit shy.

time to read

2 mins

October 28, 2025

The Philippine Star

Israel insists it calls shots in Gaza despite truce

Israel insisted on Sunday that it will maintain control of security inside Gaza despite signing up to a US-brokered ceasefire that foresees the deployment of an international security force.

time to read

1 mins

October 28, 2025

Listen

Translate

Share

-
+

Change font size