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                    [Title] => Petron buys first oil output from Galoc
                    [Summary] => Giant oil refiner Petron Corp. said yesterday it has purchased the first oil output from the Galoc field in Northwest ...
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                    [Title] => Petron to hike 2008 capex
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                    [DatePublished] => 2008-08-04 00:00:00
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                    [Title] => Oil firms cut fuel prices
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Oil companies announced a P1.50 per liter rollback in gasoline prices yesterday on the back of sliding costs of petroleum in the world market.

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                    [Title] => Petron mulls BOT deal for relocation of Pandacan facility
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                    [Title] => Petron in preliminary talks with Ashmore
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                    [Title] => Petron needs $1.5B more for petrochem proj
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                    [Title] => Petron clears P2.7B in 1st semester
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                    [Title] => Oil from Solar 1 siphoned off
                    [Summary] => An Italian marine engineering company has begun to siphon fuel from a tanker that sank in Guimaras seven months ago, causing a devastating oil spill, officials said yesterday.


The MT Solar 1 lies 640 meters underwater off the island province of Guimaras after being holed in rough seas last August while transporting 2,000 tons of bunker fuel. 


Petron Corp., which owns the cargo, said Sonsub, a deepwater operations company, has been contracted by the insurers of the tanker to remove the cargo using the Allied Shield, a specialist oil recovery ship.


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                    [Title] => PNOC sees Petron, EDC earnings up by 15%
                    [Summary] => 



Philippine National Oil Co. (PNOC) expects the earnings of its top subsidiaries-Petron Corp. and PNOC-Energy Development Corp. — to improve by 10 percent to 15 percent in 2007, a top company official said.


"The year 2007 looks very good for us. We expect good investments from Petron and PNOC-EDC. We see them growing by 10 percent to 15 percent," PNOC president Peter Aquino said.


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                    [Title] => Petron committed to long-term rehab of Guimaras
                    [Summary] => Petron officials said they are committed to the long-term rehabilitation and restoration of all oil spill-affected areas. 


"We will be there for a long as we are needed," Nicasio Alcantara, Petron chairman and chief executive officer, said in a statement.


According to Petron, its long-term plans spanning from three to five years are already being carried out "to ensure the rehabilitation not only of the coastline, but the livelihood of 2,900 fishermen who were affected in Guimaras and neighboring areas."


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NICASIO ALCANTARA

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                    [Title] => Oil from Solar 1 siphoned off
                    [Summary] => An Italian marine engineering company has begun to siphon fuel from a tanker that sank in Guimaras seven months ago, causing a devastating oil spill, officials said yesterday.


The MT Solar 1 lies 640 meters underwater off the island province of Guimaras after being holed in rough seas last August while transporting 2,000 tons of bunker fuel. 


Petron Corp., which owns the cargo, said Sonsub, a deepwater operations company, has been contracted by the insurers of the tanker to remove the cargo using the Allied Shield, a specialist oil recovery ship.


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                    [Title] => PNOC sees Petron, EDC earnings up by 15%
                    [Summary] => 



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"The year 2007 looks very good for us. We expect good investments from Petron and PNOC-EDC. We see them growing by 10 percent to 15 percent," PNOC president Peter Aquino said.


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                    [Title] => Petron committed to long-term rehab of Guimaras
                    [Summary] => Petron officials said they are committed to the long-term rehabilitation and restoration of all oil spill-affected areas. 


"We will be there for a long as we are needed," Nicasio Alcantara, Petron chairman and chief executive officer, said in a statement.


According to Petron, its long-term plans spanning from three to five years are already being carried out "to ensure the rehabilitation not only of the coastline, but the livelihood of 2,900 fishermen who were affected in Guimaras and neighboring areas."


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abtest

Petron buys first oil output from Galoc

By Donnabelle L. Gatdula | October 31, 2008 - 12:00am

Giant oil refiner Petron Corp. said yesterday it has purchased the first oil output from the Galoc field in Northwest ...

Business

Petron to hike 2008 capex

By Donnabelle L. Gatdula | August 4, 2008 - 12:00am

Business

Oil firms cut fuel prices

By Donnabelle L. Gatdula | August 1, 2008 - 12:00am

Oil companies announced a P1.50 per liter rollback in gasoline prices yesterday on the back of sliding costs of petroleum in the world market.

Headlines

Petron mulls BOT deal for relocation of Pandacan facility

By Donnabelle L. Gatdula | April 14, 2008 - 12:00am

Business

Petron in preliminary talks with Ashmore

By Donnabelle L. Gatdula | March 19, 2008 - 12:00am

Business

Petron needs $1.5B more for petrochem proj

By Donnabelle L. Gatdula | March 18, 2008 - 12:00am

Business

Petron clears P2.7B in 1st semester

By Donnabelle L. Gatdula | July 27, 2007 - 12:00am

Business

Oil from Solar 1 siphoned off

March 16, 2007 - 12:00am

An Italian marine engineering company has begun to siphon fuel from a tanker that sank in Guimaras seven months ago, causing a devastating oil spill, officials said yesterday. The MT Solar 1 lies 640 meters underwater...

Headlines

PNOC sees Petron, EDC earnings up by 15%

By Donnabelle L. Gatdula | December 28, 2006 - 12:00am

Philippine National Oil Co. (PNOC) expects the earnings of its top subsidiaries-Petron Corp. and PNOC-Energy Development Corp. — to improve by 10 percent to 15 percent in 2007, a top company official...

Business

Petron committed to long-term rehab of Guimaras

September 4, 2006 - 12:00am

Petron officials said they are committed to the long-term rehabilitation and restoration of all oil spill-affected areas. "We will be there for a long as we are needed," Nicasio Alcantara, Petron chairman...

Nation