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DOE seeks to establish strategic petroleum reserve
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DOE pushes for State-owned oil stockpile
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DOE moves to create PHL strategic petroleum reserve
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‘Midnight deal’
The Department of Energy (DOE) has been cautioned on granting a ‘midnight deal extension’ for the license or the Service Contract 38 of the Malampaya venture.
Senator Sherwin T. Gatchalian, chairman of Senate committee on energy, issued this caution given that by the time the Malampaya Energy XP Pte. Ltd.- Shell Philippines Exploration B.V. (MEXP-SPEX) deal will be firmed up, the remaining office term of the Duterte administration will just be roughly 5-6 months.
Senator Sherwin Gatchalian (MANILA BULLETIN FILE PHOTO)
This also developed as the MEXP of the Udenna Group has been prodding government on the urgency of new oil drilling that it must be allowed to carry out at the gas field even if it has yet to close its acquisition of the 45-percent stake of. (SPEX) by yearend.
DoE urged to bid out O&M contract for Malampaya s continued operations – Manila Bulletin
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