Philippines launches eight petroleum service contracts
The Philippines has launched eight new petroleum service contracts (PSCs) for oil and gas exploration across Cagayan, Cebu, Central Luzon, East Palawan, Northwest Palawan and the Sulu Sea, in what the government described as the largest single‑period allocation of PSCs in the country’s history.
Valeura finds further oil during extensive drilling campaign offshore Thailand
Valeura Energy drilled 10 development and appraisal wells this summer on the Nong Yao oil field in the G11/48 license in the Gulf of Thailand, according to the company’s third-quarter 2025 update.
Indonesia to Cut Coal Share in Power Generation to 30 Percent by 2050
PXP Energy secures stakes in Sulu Sea, Palawan oil and gas blocks
Pangilinan-led PXP Energy Corporation has acquired participating interests in three newly awarded petroleum service contracts, expanding its upstream exploration footprint in the Sulu Sea and Northwest Palawan.
Vietcombank, Petrovietnam seal 1 billion USD credit deal for major gas-to-power projects
Hanoi (VNA) – The Vietnam National Industry – Energy Group (Petrovietnam) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) signed a credit contract worth over 1 billion USD on October 7 to finance the Block B – O Mon gas-to-power project chain.
Indonesia Mulls E10 Fuel Mandate to Cut Emissions
Jakarta. Indonesia is preparing to mandate the use of E10, a gasoline blend containing 10 percent ethanol, as part of efforts to reduce emissions and dependence on imported fuel –a move that comes as several private fuel retailers face supply shortages.
Marcos unveils $207-M petroleum, hydrogen gas exploration deals
MANILA – President Ferdinand R. Marcos Jr. on Wednesday led the signing of eight new Petroleum Service Contracts (PSCs) worth USD207 million to boost the country’s energy security and reduce its dependence on imported fuel.
PH awards 8 new oil exploration contracts to boost
MANILA, Philippines — President Ferdinand Marcos Jr. on Wednesday unveiled eight new Petroleum Service Contracts (PSCs) for oil exploration areas in different parts of the country, which the government said would pave the way to accelerate domestic energy exploration and production.
