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                    [ArticleID] => 346222
                    [Title] => SPEX group to conduct seismic test in N Palawan
                    [Summary] => The consortium  of Shell Philippines Exploration B.V (SPEX), Kuwait Foreign Petroleum Co. Philippines Onshore B.V., and South China Resources Inc. will spend up to $5 million for the initial seismic exploration in service contract (SC) 60 in northwest Palawan by the last quarter of 2006.


"It’s safe to say that the SC 60 consortium will spend $3 million to $5 million for the 2D and 3D seismic exploration by November or December this year," SPEX managing director Facundo Roco said.


                    [DatePublished] => 2006-07-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 319174
                    [Title] => Gov’t eyes up to $12B in royalties from Malampaya
                    [Summary] => The National Government (NG) is likely to collect $12 billion worth of royalties from the Malampaya deep water gas to power project due to continuing rise in international crude prices.


The royalties to be paid by the consortium developing the Malampaya project is benchmarked on the prices of international crude.


The low end of the targeted royalties is $9 billion while the high-end could reach up to $13 billion.


                    [DatePublished] => 2006-01-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 299756
                    [Title] => Spex seeks buyers for excess Malampaya gas production
                    [Summary] => Shell Petroleum Exploration B.V (SPEX) is now holding talks with prospective buyers for the remaining 300-megawatt (MW) from the 3,000-MW Malampaya deep water gas to power project, a ranking company official said.


"We have to eventually sell it.  We have been talking with some parties," Spex general manager for external affairs Facundo Roco said.


Without identifying the interested parties, Roco said those who are eyeing to put up natural gas-run power facilities could be one of the potential buyers of the excess gas in the Malampaya project.


                    [DatePublished] => 2005-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 175346
                    [Title] => Malampaya and beyond
                    [Summary] => The Malampaya gas-to-power project is another step forward in the world’s continuing search for cleaner and more environment-friendly fuels. 


"The switch to a lessening of dependence from coal and other fuels to the cleanest hydrocarbon, which is natural gas, ushers in the dawn of a new era for the Philippines", said David Greer, former managing director of Shell Phils. Exploration BV.


                    [DatePublished] => 2002-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1309106
                    [AuthorName] => Estela Banzon-De La Paz
                    [SectionName] => Business As Usual
                    [SectionUrl] => business-as-usual
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 129056
                    [Title] => Shell supports development efforts of Mindoro
                    [Summary] => Pilipinas Shell Foundation, Inc. (PSFI) supported the sustainable development efforts in Oriental Mindoro by providing grants for income-generating ventures such as farming, hog raising, aqua-culture, buy and sell, and garment making for the province’s rural communities.


                    [DatePublished] => 2001-08-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

FACUNDO ROCO

Array
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                    [ArticleID] => 346222
                    [Title] => SPEX group to conduct seismic test in N Palawan
                    [Summary] => The consortium  of Shell Philippines Exploration B.V (SPEX), Kuwait Foreign Petroleum Co. Philippines Onshore B.V., and South China Resources Inc. will spend up to $5 million for the initial seismic exploration in service contract (SC) 60 in northwest Palawan by the last quarter of 2006.


"It’s safe to say that the SC 60 consortium will spend $3 million to $5 million for the 2D and 3D seismic exploration by November or December this year," SPEX managing director Facundo Roco said.


                    [DatePublished] => 2006-07-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 319174
                    [Title] => Gov’t eyes up to $12B in royalties from Malampaya
                    [Summary] => The National Government (NG) is likely to collect $12 billion worth of royalties from the Malampaya deep water gas to power project due to continuing rise in international crude prices.


The royalties to be paid by the consortium developing the Malampaya project is benchmarked on the prices of international crude.


The low end of the targeted royalties is $9 billion while the high-end could reach up to $13 billion.


                    [DatePublished] => 2006-01-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 299756
                    [Title] => Spex seeks buyers for excess Malampaya gas production
                    [Summary] => Shell Petroleum Exploration B.V (SPEX) is now holding talks with prospective buyers for the remaining 300-megawatt (MW) from the 3,000-MW Malampaya deep water gas to power project, a ranking company official said.


"We have to eventually sell it.  We have been talking with some parties," Spex general manager for external affairs Facundo Roco said.


Without identifying the interested parties, Roco said those who are eyeing to put up natural gas-run power facilities could be one of the potential buyers of the excess gas in the Malampaya project.


                    [DatePublished] => 2005-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 175346
                    [Title] => Malampaya and beyond
                    [Summary] => The Malampaya gas-to-power project is another step forward in the world’s continuing search for cleaner and more environment-friendly fuels. 


"The switch to a lessening of dependence from coal and other fuels to the cleanest hydrocarbon, which is natural gas, ushers in the dawn of a new era for the Philippines", said David Greer, former managing director of Shell Phils. Exploration BV.


                    [DatePublished] => 2002-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1309106
                    [AuthorName] => Estela Banzon-De La Paz
                    [SectionName] => Business As Usual
                    [SectionUrl] => business-as-usual
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 129056
                    [Title] => Shell supports development efforts of Mindoro
                    [Summary] => Pilipinas Shell Foundation, Inc. (PSFI) supported the sustainable development efforts in Oriental Mindoro by providing grants for income-generating ventures such as farming, hog raising, aqua-culture, buy and sell, and garment making for the province’s rural communities.


                    [DatePublished] => 2001-08-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

abtest

SPEX group to conduct seismic test in N Palawan

By Donnabelle L. Gatdula | July 8, 2006 - 12:00am

The consortium of Shell Philippines Exploration B.V (SPEX), Kuwait Foreign Petroleum Co. Philippines Onshore B.V., and South China Resources Inc. will spend up to $5 million for the initial seismic exploration in...

Business

Gov’t eyes up to $12B in royalties from Malampaya

By Donnabelle L. Gatdula | January 30, 2006 - 12:00am

The National Government (NG) is likely to collect $12 billion worth of royalties from the Malampaya deep water gas to power project due to continuing rise in international crude prices. The royalties to be paid...

Business

Spex seeks buyers for excess Malampaya gas production

By Donnabelle L. Gatdula | October 3, 2005 - 12:00am

Shell Petroleum Exploration B.V (SPEX) is now holding talks with prospective buyers for the remaining 300-megawatt (MW) from the 3,000-MW Malampaya deep water gas to power project, a ranking company official said. "We...

Business

Malampaya and beyond

By Estela Banzon-De La Paz | September 9, 2002 - 12:00am

The Malampaya gas-to-power project is another step forward in the world’s continuing search for cleaner and more environment-friendly fuels. "The switch to a lessening of dependence from coal and other...

Business As Usual

Shell supports development efforts of Mindoro

August 6, 2001 - 12:00am

Pilipinas Shell Foundation, Inc. (PSFI) supported the sustainable development efforts in Oriental Mindoro by providing grants for income-generating ventures such as farming, hog raising, aqua-culture, buy and sell,...

Business