Philippines Awards 8 New Energy Exploration Contracts to Boost Oil, Gas, and Hydrogen
The Philippines has awarded eight new service contracts for oil, gas, and hydrogen exploration across the Sulu Sea, Cagayan, Cebu, Palawan, and central Luzon. The contracts, announced by President Ferdinand Marcos Jr., cover a seven-year term with potential combined investments of $207 million. The move aims to boost energy exploration as production at the giant Malampaya gas field continues to decline
#Philippines #EnergyExploration #OilAndGas #Hydrogen #Malampaya #EnergySecurity #Investment #RenewableEnergy #PHNews
