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+ Follow PHILIPPINE GEOTHERMAL INC Tag
PHILIPPINE GEOTHERMAL INC
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [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 [URL] => ) [1] => Array ( [ArticleID] => 290930 [Title] => SC orders BIR to refund P39.3-M VAT to geothermal firm [Summary] => The Supreme Court has ordered the Bureau of Internal Revenue to refund the Philippine Geothermal Inc. some P39.3 million in erroneous value-added taxes (VAT) computed from September 1995 to February 1996.

In a 10-page decision penned by Associate Justice Leonardo Quisumbing, the SC’s first division ordered the refund or at least the issuance of a Tax Credit Certificate worth P39.3 million to the company.
[DatePublished] => 2005-08-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [2] => Array ( [ArticleID] => 253792 [Title] => US-based Unocal sets $1.6-B Asian investments [Summary] => US-based power giant Unocal Corp. intends to pump in about $1.6 billion worth of fresh capital in Asia in the next two years, a ranking company official said over the weekend.

Unocal executive vice president Randolf Howard, in a CEO forum said the amount will include investment in an oil and gas exploration in Sulu Sea in the Philippines.

"We are excited in investment opportunities in Asia. Our commitment is not only in words, we will also help in finding solutions in the energy problems we are facing today," Howard said.
[DatePublished] => 2004-06-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 253910 [Title] => US-based Unocal sets $1.6-B Asian investments [Summary] => US-based power giant Unocal Corp. intends to pump in about $1.6 billion worth of fresh capital in Asia in the next two years, a ranking company official said over the weekend.

Unocal executive vice president Randolf Howard, in a CEO forum said the amount will include investment in an oil and gas exploration in Sulu Sea in the Philippines.

"We are excited in investment opportunities in Asia. Our commitment is not only in words, we will also help in finding solutions in the energy problems we are facing today," Howard said.
[DatePublished] => 2004-06-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 226650 [Title] => Fire hits Tabaco public market [Summary] => TABACO CITY — Fire gutted the three-story Tabaco public market yesterday morning, destroying some 470 stalls and leaving some P80 million in damage, the Bureau of Fire Protection (BFP) said.

Fire Officer 2 Peter Regalado said the fire started at the center aisle of the public market at about 2:45 a.m. Arson investigators zeroed in their probe on Ellen’s Carenderia where the fire could have started.
[DatePublished] => 2003-11-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804767 [AuthorName] => Cecille Suerte Felipe [SectionName] => Nation [SectionUrl] => nation [URL] => ) [5] => Array ( [ArticleID] => 210448 [Title] => Tiwi town council approves geothermal waste injection project [Summary] => TIWI, Albay — After two years of protests from some 2,000 residents of Barangay Biyong here, the local town council has finally issued a resolution allowing the National Power Corporation (Napocor) and the Philippine Geothermal Inc. (PGI) to put up a geothermal waste injection project at Naglabong 26 on Wednesday.

Power experts say that the Subsurface Geothermal Residue Injection Project (SGRIP) will provide socio-economic benefits to the local community and increase the value of geothermal power plants here before the government sells them to private investors.
[DatePublished] => 2003-06-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804767 [AuthorName] => Cecille Suerte Felipe [SectionName] => Nation [SectionUrl] => nation [URL] => ) [6] => Array ( [ArticleID] => 208519 [Title] => PGI to proceed with rehab of Makban power plants this month [Summary] => The Philippine Geothermal Inc. (PGI) will proceed with its partial rehabilitation of the Makiling-Banahaw geothermal facility within this month.

In a press briefing over the weekend, National Power Corp. (Napocor) maintenance manager Efren San Sebastian said the rehabilitation was supposed to start last February but was stalled pending the approval of government authorities on the additional works that will be carried out after the partial rehab program.
[DatePublished] => 2003-06-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 208236 [Title] => Phil Geothermal Inc set to complete Makban drilling [Summary] => BAY, Laguna – The Philippine Geothermal Inc. (PGI) is expected to complete its drilling program for the Makiling-Banahaw geothermal power plant next month.

In a press briefing here, PGI senior drilling engineer Phil T. Naïve said the drilling program involves six wells – Bulalo 104 to 109. The program started in August 2002 and will be completed by June 2003.
[DatePublished] => 2003-05-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 199965 [Title] => RP forms first national geothermal association [Summary] => The Department of Energy, Philippine Geothermal Inc. and PNOC-Energy Development Corp. (EDC) have formed the country’s first national geothermal association.

Efforts to form the Philippine Geothermal Association (PGA) started last year when EDC, in cooperation with PGI and DOE, initiated the formulation of PGA’s by-laws.

"We are very enthusiastic about the idea and support the initiation of the organization by EDC geothermists," he said.
[DatePublished] => 2003-03-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 192527 [Title] => 7 more IPP deals restructured soon [Summary] => At least seven more independent power producer (IPP) contracts of the National Power Corp. (Napocor) are expected to be restructured within the next two to three weeks, a government official said yesterday.

Power Sector Assets and Liabilities Management Corp. (PSALM) president Edgardo del Fonso said PSALM and the Department of Energy (DOE) have already "agreed in principle" on some renegotiations to be done on the IPP contracts of Napocor.
[DatePublished] => 2003-01-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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