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The tanker Terra Nova had left Bataan province en route to the central province of Iloilo with about 1.4 million liters (370,000 gallons) of industrial fuel oil stored in wat
San Miguel Corporation (68.26%)[3] Website. www.petron.com. Petron Corporation is the largest oil refining and marketing company in the Philippines, [4] supplying more than a third of the country's oil requirements. It operates a refinery in Limay, Bataan with a rated capacity of 180,000 barrels per day (29,000 m 3 /d).
On July 25, 2024, the Philippine-flagged industrial fuel tanker MT Terranova[a] (IMO number: 9092666) capsized and sank in Manila Bay, off the east coast of Lamao Point, Limay, Bataan, causing an ongoing oil spill. The tanker was carrying nearly 1.5 million liters (400 thousand U.S. gallons) of industrial oil.
Website. [1] The Philippine National Oil Company (PNOC) is an energy company created on November 9, 1973, as a government-owned and controlled corporation founded during President Ferdinand Marcos ' era to supply oil to the Philippines. Since then, its charter has been amended several times to include exploration, exploitation and development ...
Now, there’s a new threat to contend with: Oil prices have soared by around $20 a barrel in the past six months. That means prices at the pump are about 20% higher now than they were at the ...
September 27, 2024 at 6:07 AM. By Arathy Somasekhar. HOUSTON (Reuters) - Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on ...
Comparison of proven oil reserves from some widely used sources (billions of barrels, 2021) Source. Canada. Iran. Iraq. Russia. Saudi Arabia. United States. Venezuela.
OilPrice.com is reporting on a "plunge" below $75 a barrel in Brent crude prices (currently $74 and change). WTI crude -- more popular in the U.S. -- is suffering a similar fall, down 3.8% at ...