PNOC mulls options for sale of banked gas

State-run Philippine National Oil Co. (PNOC) is exploring several options for the government’s unused Malampaya natural gas, more commonly known as banked gas, its top official said. PNOC president Reuben Lista said the government’s share of banked gas will still be sold but the state-run firm is looking at other options to use the fuel….

Benham rise not yet commercially viable, says DOE usec

Energy Undersecretary Felix William Fuentebella told members of the House Committee on Energy that the Benham Rise is not commercially viable yet. Responding to a query from a legislator about the prospects of Benham Rise as a successor to the Malampaya Natural gas plant, Fuentebella cited a briefing by the Philippine National Oil Company PNOC….