^
+ Follow FORUM ENERGY PHILIPPINES CORP Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1365430
                    [Title] => Philex Pet abandons plan to acquire Octon Block
                    [Summary] => 

UK-based Pitkin Petroleum Plc majority owned by Philex Petroleum Corp., has decided to abandon its plan to take a 70 percent interest in Service Contract 6A in northwest Palawan known as the Octon Block.

[DatePublished] => 2014-09-05 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 1153121 [Title] => DOE nixes SC 6 farm-in proposal [Summary] =>

The Department of Energy (DOE) has thumbed down the proposed farm-in agreement for Service Contract 6 in Northwest Palawan primarily due to its proponents failure to meet the required financial capability, Trans-Asia Oil and Energy Development Corp. disclosed to the Philippine Stock Exchange (PSE) yesterday.

[DatePublished] => 2013-08-31 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 912748 [Title] => Forum Energy taps BNP Paribas for $2.6-M loan [Summary] =>

Forum Energy Plc., the United Kingdom oil and gas exploration firm majority owned by taipan Manuel V. Pangilinan’s Philex Petroleum, has tapped a $2.58-million loan from BNP Paribas for the Galoc Oil Field project in offshore Palawan.

[DatePublished] => 2013-02-25 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 884512 [Title] => Nido Petroleum starts share purchase plan [Summary] =>

Australia’s Nido Petroleum Ltd., the project operator of the Galoc oil field in the Northwest Palawan basin, has started raising half of a targeted A$11-million capital.

[DatePublished] => 2012-12-11 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 847945 [Title] => Galoc consortium to pursue $188-M expansion [Summary] =>

The consortium behind the Galoc project in offshore Palawan, the only oil-producing field in the country, will pursue a $188-million expansion to more than double its output to 12,000 barrels of oil per day (bopd), officials said.

[DatePublished] => 2012-09-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 827084 [Title] => DOE expects positive results in Galoc, Cadlao drillings [Summary] =>

The Department of Energy (DOE) said it expects positive developments in two offshore gas fields in Palawan soon.

[DatePublished] => 2012-07-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 758098 [Title] => DOE approves transfer of 70% interest in Palawan oil search to Pitkin Petroleum [Summary] =>

The Department of Energy (DOE) has approved the transfer of 70 percent interest in Service Contract 6A off Northwest Palawan from Philodrill Corp. and its joint venture partners to Pitkin UK-based Petroleum Plc.

[DatePublished] => 2011-12-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 682207 [Title] => Otto Energy expects to drill 3 more wells in Galoc [Summary] =>

Otto Energy Ltd., the lead player in the consortium running the Galoc oil field, said it expects to drill three more wells at the area.

[DatePublished] => 2011-05-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 603342 [Title] => Galoc group prepares for new project [Summary] =>

Encouraged by the favorable results of its initial drilling activities, Galoc Production Co. (GPC) will lay out its investment plan of the second phase for the Galoc oil exploration project by next month.

[DatePublished] => 2010-08-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 559121 [Title] => Nido Petroleum incurs $28.3-million loss [Summary] =>

Australia-based oil and gas exploration firm Nido Petroleum Ltd. incurred a net loss of $28.3 million in 2009, from a $7.2-million income in 2008, due to higher costs in its Philippine operations.

[DatePublished] => 2010-03-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
FORUM ENERGY PHILIPPINES CORP
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1365430
                    [Title] => Philex Pet abandons plan to acquire Octon Block
                    [Summary] => 

UK-based Pitkin Petroleum Plc majority owned by Philex Petroleum Corp., has decided to abandon its plan to take a 70 percent interest in Service Contract 6A in northwest Palawan known as the Octon Block.

[DatePublished] => 2014-09-05 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 1153121 [Title] => DOE nixes SC 6 farm-in proposal [Summary] =>

The Department of Energy (DOE) has thumbed down the proposed farm-in agreement for Service Contract 6 in Northwest Palawan primarily due to its proponents failure to meet the required financial capability, Trans-Asia Oil and Energy Development Corp. disclosed to the Philippine Stock Exchange (PSE) yesterday.

[DatePublished] => 2013-08-31 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 912748 [Title] => Forum Energy taps BNP Paribas for $2.6-M loan [Summary] =>

Forum Energy Plc., the United Kingdom oil and gas exploration firm majority owned by taipan Manuel V. Pangilinan’s Philex Petroleum, has tapped a $2.58-million loan from BNP Paribas for the Galoc Oil Field project in offshore Palawan.

[DatePublished] => 2013-02-25 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 884512 [Title] => Nido Petroleum starts share purchase plan [Summary] =>

Australia’s Nido Petroleum Ltd., the project operator of the Galoc oil field in the Northwest Palawan basin, has started raising half of a targeted A$11-million capital.

[DatePublished] => 2012-12-11 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 847945 [Title] => Galoc consortium to pursue $188-M expansion [Summary] =>

The consortium behind the Galoc project in offshore Palawan, the only oil-producing field in the country, will pursue a $188-million expansion to more than double its output to 12,000 barrels of oil per day (bopd), officials said.

[DatePublished] => 2012-09-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 827084 [Title] => DOE expects positive results in Galoc, Cadlao drillings [Summary] =>

The Department of Energy (DOE) said it expects positive developments in two offshore gas fields in Palawan soon.

[DatePublished] => 2012-07-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 758098 [Title] => DOE approves transfer of 70% interest in Palawan oil search to Pitkin Petroleum [Summary] =>

The Department of Energy (DOE) has approved the transfer of 70 percent interest in Service Contract 6A off Northwest Palawan from Philodrill Corp. and its joint venture partners to Pitkin UK-based Petroleum Plc.

[DatePublished] => 2011-12-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 682207 [Title] => Otto Energy expects to drill 3 more wells in Galoc [Summary] =>

Otto Energy Ltd., the lead player in the consortium running the Galoc oil field, said it expects to drill three more wells at the area.

[DatePublished] => 2011-05-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 603342 [Title] => Galoc group prepares for new project [Summary] =>

Encouraged by the favorable results of its initial drilling activities, Galoc Production Co. (GPC) will lay out its investment plan of the second phase for the Galoc oil exploration project by next month.

[DatePublished] => 2010-08-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 559121 [Title] => Nido Petroleum incurs $28.3-million loss [Summary] =>

Australia-based oil and gas exploration firm Nido Petroleum Ltd. incurred a net loss of $28.3 million in 2009, from a $7.2-million income in 2008, due to higher costs in its Philippine operations.

[DatePublished] => 2010-03-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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