Looking to China: President Rodrigo Duterte announced the executive order in May
Manila opens the door to Chinese E&P
An executive order has reduced the constraints on Philippines’ state oil company working with third parties on oil and gas deals
An executive order from Philippines President Rodrigo Duterte that relaxed the rules on oil and gas exploration should make it easier for the government to cement its recent outreach to China, as it opens exploration blocks in a bid to reverse a precipitous decline in production. Executive Order 80, issued in late May, reverses a previous ruling from 2006 that prevented the Philippine National Oil Company Exploration Corporation (PNOC-EC) from directly farming out its acreage. From now on, third parties can participate in service contracts awarded by the government to PNOC-EC, the upstream arm of state-owned Philippine National Oil Company, without the need for public bidding.PNOC-EC has bee
Also in this section
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline
22 September 2023
Former executives and a successor company are accused of complicity in Sudanese war crimes in what is now South Sudan
21 September 2023
Nigeria’s downstream status quo changed forever with the end of fuel subsidies, but the flagship Dangote refinery has still yet to start operations
20 September 2023
Geographical position, long-term demand and decarbonisation efforts continue to support the region’s burgeoning LNG sector
