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Last updated on April 16, 2014 at 21:24 EDT

Latest Palawan Stories

2008-07-23 21:00:38

By Kamarul Yunus EXXONMOBIL Corp is taking over the 50 per cent stake in an oil block in the Philippines' Sulu Sea, previously held by Malaysia's Mitra Energy. Exxon is buying the stake in the block, known as Service Contract 56 (SC 56) for an undisclosed price, a government official said. A government official with the Philippines' Department of Energy said the US company has just bought a huge three dimensional (3D) seismic survey over SC 56. It is due to start drilling a well next...

2008-07-11 06:00:34

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 11, 2008) - MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) is pleased to report the results of 974 confirmatory grade control drill holes completed by its Philippine partners on the 3,200 hectare Alpha nickel property located in Narra, Palawan, Philippines. In addition to the previously announced exploration and development drilling results on the property (see news releases dated October 30, 2007 and November 6, 2007), these...

2008-07-02 09:00:55

Philippines, Spain to drill oil, gas in Sulu Sea MANILA, July 1 (Xinhua) -- A Philippine oil company has partnered a Spanish gas producer to explore the energy reserves around Balabac island, to the southwest of the province of Palawan, local media reported Tuesday. Burgundy Global Exploration Corp. (BGEC), a private Philippine oil firm, has entered an agreement with Madrid-headquartered Union Fenosa Gas, SA of Spain to tap oil and gas under the Sulu Sea, national Tv network GMA News...