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Philippine National Oil Company Archives
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Sherwin Gatchalian Archives | Energy Voice
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Win files bill for PNOC to refocus investments on exploration ventures on February 5, 2021 at 6:42 pm
Sen. Shewin Gatchalian has filed a bill seeking to refocus the Philippine National Oil Company’s (PNOC) investment mandate into oil and gas exploration ventures, as well as to level up itself with national oil firms abroad.
Senate Bill (SB) 1992, filed last January 21, envisions PNOC to join the ranks Malaysia’s Petronas, Thailand’s PTT, Indonesia’s Petraminas, China National Offshore Oil Corporation, and Saudi Aramco, currently the world’s largest oil producer.
While Gatchalian, who chairs the Senate Committee on Energy, recognized that the government-owned oil firm had been a successful industry game-changer in the past, especially in the geothermal sector, its investment moves with regard to alternative fuels and renewable energy ventures have been less than remarkable.
TAGUIG CITY, Jan. 22 The Department of Energy (DOE) underscored the crucial role of energy in spurring sustainable economic development in the country during today’s Philippine Energy Independence Council (PEIC)-European Chamber of Commerce of the Philippines virtual forum on energy transition.
With the theme, “Philippine Energy Transition: A Race through Economic Disruption, Technology Shifts and Innovation”, the forum featured discussions on how providing greater energy opportunities for the Filipino people could help the country attain energy independence and security.
“There will always be a strong interrelationship between energy and economic development. Ensuring that we have sufficient, stable, and accessible energy supply and services to support progress, particularly our economic recovery efforts amid the COVID-19 pandemic, entails strong collaboration among all our energy stakeholders,” Energy Secretary Alfonso G. Cusi said in his keynote message delivered b
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