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Energy Secretary Carlos Jericho Petilla has threatened to cancel Service Contract (SC) 55 after its proponents failed to submit a concrete drilling plan for the Cinco-1 well in offshore Palawan.

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                    [Title] => Mitra Energy to take over Exxon stake in Palawan venture
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BILLITON

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BHP Billiton, the world’s biggest mining company, will take a controlling stake in Service Contract 55 in offshore Palawan.
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abtest

Petilla threatens to cancel drill contract of Cinco-1

By Donnabelle L. Gatdula | November 22, 2013 - 12:00am

Energy Secretary Carlos Jericho Petilla has threatened to cancel Service Contract (SC) 55 after its proponents failed to submit a concrete drilling plan for the Cinco-1 well in offshore Palawan.

Business

SC 55 consortium commits to Palawan drilling program

By Iris Gonzales | May 6, 2013 - 12:00am

The consortium behind Service Contract (SC) 55 said it is committed to exploring and developing the offshore gas field in Southwest Palawan.

Business

SC 55 proponents working on Cinco well in Palawan

By Iris Gonzales | May 1, 2013 - 12:00am

The proponents of Service Contract 55 in Southwest Palawan are working on the drilling of the Cinco-1 exploration well, one of its consortium members said.

Business

BHP Billiton to drill for oil in northwest Palawan

By Neil Jerome C. Morales | October 4, 2012 - 12:00am

BHP Billiton has committed to conduct drilling works in an offshore natural gas field in northwest Palawan, Energy Undersecretart Jose Layug Jr. said yesterday.

Business

Mitra Energy to take over Exxon stake in Palawan venture

By Donnabelle L. Gatdula | November 14, 2011 - 12:00am

Mitra Energy (Philippines SC 56) Ltd. will take over the 50 percent stake of ExxonMobil Exploration and Production Philippines B.V. (EMEPP) in Service Contract 56 in Northwest Palawan, following EMEPP’s decision...

Business

Otto, BHP Billiton to start phase 4 of Palawan proj

By Donnabelle L. Gatdula | October 28, 2011 - 12:00am

Otto Energy Ltd. and BHP Billiton, the operators of Service Contract 55 in Northwest Palawan, are readying to implement the fourth phase of their work program in the oilfield.

Business

BHP Billiton to gain control of SC 55 in offshore Palawan

By Donnabelle L. Gatdula | May 12, 2011 - 12:00am

BHP Billiton, the world’s biggest mining company, will take a controlling stake in Service Contract 55 in offshore Palawan.

Business

BHP Billiton to invest $10 billion in Australia

March 26, 2011 - 12:00am

BHP Billiton Ltd. will invest almost $10 billion on expanding iron ore and coal mining operations in Australia, the world’s biggest miner announced Friday.

Business

ExxonMobil-led group completes 4th well drilling in South Sulu Sea

By Donnabelle L. Gatdula | October 17, 2010 - 12:00am

The Department of Energy (DOE) said the consortium led by ExxonMobil Exploration and Production Philippines B.V. has completed drilling its fourth well under Service Contract 56 in South Sulu Sea.

Business

Construction sector faces higher steel costs

By Paolo Romero | April 7, 2010 - 12:00am

The construction and real estate sector should brace for the effects of the global surge in iron ore prices that could lead to increases in the cost of finished steel products in the country by at least 30 percent,...

Business