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                    [ArticleID] => 292477
                    [Title] => Government pushes anew for oil exploration amid looming crisis
                    [Summary] => The government is now pushing for oil exploration to meet the challenge of skyrocketing crude oil prices that could threaten economic growth.


Ten exploration contracts have been awarded to foreign and local oil firms to search in waters off central and northern Philippines, the Department of Energy (DoE) said in a statement.


"We have to actively push for energy independence by developing our own resources to mitigate the adverse effects of soaring oil prices," Energy Secretary Raphael Lotilla said.


                    [DatePublished] => 2005-08-20 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 291097
                    [Title] => Aussie-led group bags Sulu Sea drilling deal
                    [Summary] => The consortium of BHP Billiton Petroleum Pty Ltd., Amerada Hess Ltd., Unocal Sulu Ltd. and Sandakan Oil II, Llc will undertake a P2.4-billion oil and gas exploration work in offshore Sulu Sea.     


This after the Department of Energy (DOE) awarded the consortium a petroleum service contract as part of the first Petroleum Contracting Round (PCR-1). 


The contract area covers 8,620 hectares in Sulu Sea, considered one of the most promising areas for oil and gas exploration based on the previous drilling activities conducted in the area. 


                    [DatePublished] => 2005-08-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
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AMERADA HESS LTD

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                    [ArticleID] => 292477
                    [Title] => Government pushes anew for oil exploration amid looming crisis
                    [Summary] => The government is now pushing for oil exploration to meet the challenge of skyrocketing crude oil prices that could threaten economic growth.


Ten exploration contracts have been awarded to foreign and local oil firms to search in waters off central and northern Philippines, the Department of Energy (DoE) said in a statement.


"We have to actively push for energy independence by developing our own resources to mitigate the adverse effects of soaring oil prices," Energy Secretary Raphael Lotilla said.


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                    [ArticleID] => 291097
                    [Title] => Aussie-led group bags Sulu Sea drilling deal
                    [Summary] => The consortium of BHP Billiton Petroleum Pty Ltd., Amerada Hess Ltd., Unocal Sulu Ltd. and Sandakan Oil II, Llc will undertake a P2.4-billion oil and gas exploration work in offshore Sulu Sea.     


This after the Department of Energy (DOE) awarded the consortium a petroleum service contract as part of the first Petroleum Contracting Round (PCR-1). 


The contract area covers 8,620 hectares in Sulu Sea, considered one of the most promising areas for oil and gas exploration based on the previous drilling activities conducted in the area. 


                    [DatePublished] => 2005-08-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

Government pushes anew for oil exploration amid looming crisis

August 20, 2005 - 12:00am

The government is now pushing for oil exploration to meet the challenge of skyrocketing crude oil prices that could threaten economic growth. Ten exploration contracts have been awarded to foreign and local oil...

Headlines

Aussie-led group bags Sulu Sea drilling deal

By Rocel Felix | August 12, 2005 - 12:00am

The consortium of BHP Billiton Petroleum Pty Ltd., Amerada Hess Ltd., Unocal Sulu Ltd. and Sandakan Oil II, Llc will undertake a P2.4-billion oil and gas exploration work in offshore Sulu Sea. This after the...

Business