PXP Energy finds dismal gas site in Palawan, drops project

Pangilinan-led PXP Energy Corp. has relinquished a contract to harness oil and gas resources in an offshore area northwest of Palawan after assessing it had no potential for further exploration. The Department of Energy (DOE) approved the request of PXP Energy and its consortium partners The Philodrill Corp. and state-run Philippine National Oil Company-Exploration Corp.
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