Amid aspirations for fast-paced incursion of alternatives, experts reckon that “Big Oil” and “King Coal” will continue holding the throne in the energy mix (for transport and power generation) of economies worldwide, although the challenge will shift into ensuring that developments be cautiously undertaken with environmental protection in the equation. In his keynote speech at [...]
Posts Tagged ‘Oil production’
Oil and Coal Will Continue to Dominate Energy Mix (9/18/2010)
Posted in Manila Bulletin News, tagged Coal, Energy mix, Oil production on September 20, 2010 | Leave a Comment »
DOE extends Trans-Asia contract (9/16/2010)
Posted in Philippine Star News, tagged Oil production, Service contracts, Trans-Asia on September 16, 2010 | Leave a Comment »
Trans-Asia Oil and Development Corp. (TA Oil), the energy development unit of the Phinma Group, has been given clearance to extend its petroleum service contract covering an offshore area in Central Visayas. In a disclosure to the Philippine Stock Exchange, TA Oil said the Department of Energy (DOE) has approved the company’s license extension by another [...]
Nido to deliver Palawan oil to South Korean buyer (9/08/2010)
Posted in Inquirer News, tagged Oil production, Tindalo on September 8, 2010 | Leave a Comment »
AUSTRALIAN FIRM Nido Petroleum Ltd. is set to deliver its first oil cargo from the Tindalo oil field off Palawan to a crude buyer from South Korea on Sept. 16 to 18. Nido is expected to sell 200,000 to 230,000 barrels of oil drawn from the offshore field in Palawan. As of last Monday, some 196,000 [...]
Galoc oil field yield falling (7/30/2010)
Posted in Inquirer News, tagged Galoc, Oil exploration, Oil production on July 30, 2010 | Leave a Comment »
THE JOINT venture operating the Galoc oil field in offshore Palawan has already produced 5.14 million barrels of oil as of end-June, depleting over half of the estimated reserves of 10 million barrels. In a regulatory filing, Australian firm Otto Energy Ltd. said the joint venture was able to deliver a total of 15 oil shipments [...]
Nido Petroleum confirms better-than-expected oil flow (6/16/2010)
Posted in Philippine Star News, tagged Oil exploration, Oil production, Tindalo on June 16, 2010 | Leave a Comment »
Australia-based Nido Petroleum Ltd. said the flow of oil in its Tindalo oil well in Northwest Palawan has surpassed their expectations. In a report, Nido said some 56,708 barrels of oil along with approximately 5,384 barrels of water have been produced from the well. “The well productivity exceeded expectations with high rate testing confirming well [...]
Tindalo crude output exceeds Galoc (6/09/2010)
Posted in Business World News, tagged Oil exploration, Oil production, Tindalo on June 9, 2010 | Leave a Comment »
A NEW crude oil well off Palawan may yield more than 18,000 barrels of oil per day, surpassing expectations, the project proponent said yesterday. Oil flow at the Tindalo-1 well operated by Nido Petroleum Pty. Ltd. also surpasses the production range of the Galoc oil field, which ranges from 12,000 to 14,000 barrels of oil [...]
DoE upbeat on Tindalo-1 well oil flow (6/01/2010)
Posted in Manila Bulletin News, tagged Oil production on June 1, 2010 | Leave a Comment »
With the first oil flow reported from Tindalo-1 well in northwest Palawan, the Department of Energy (DoE) is upbeat about eventually shoring up the country’s indigenous oil reserves. “Despite being a small-sized reserve, Tindalo-1 may prove to be profitable for both the investor and the government should recoverable reserves prove to be in commercial quantity,” [...]
Tindalo well, crude to undergo testing (6/01/2010)
Posted in Business World News, tagged Oil production on June 1, 2010 | Leave a Comment »
THE FLOW and pressure of crude oil found at the Tindalo-1 Well off Palawan are still being assessed for commercial viability, the Department of Energy (DoE) said yesterday. In a statement, the DoE said the Tindalo-1 oil well and oil found there would undergo extended testing within the week. First oil from the well surfaced [...]
Tindalo to produce oil in two weeks (5/27/2010)
Posted in Manila Times News, tagged Oil production on May 27, 2010 | Leave a Comment »
Australian firm Nido Petroleum Ltd. is expected to draw first oil from the Tindalo oil field in Northwest Palawan within the next two weeks, an official from the Department of Energy said. “Most probably [first oil] will be this weekend or next week,” Ramon Oca, Energy undersecretary, said. Nido was supposed to start pumping oil [...]
Galoc oil field temporarily suspends production (10/29/09)
Posted in Philippine Star News, tagged Galoc, Oil production on October 29, 2009 | Leave a Comment »
The operator of the Galoc oil field in offshore Palawan has temporarily suspended production due to a delay in a scheduled offloading. In a disclosure to the Philippine Stock Exchange, Philodrill Corp. – a member of the consortium operating in the Galoc field under Service Contract 14C – said the work stoppage was a result [...]
