What's New

  • 1990
    • PNOC successfully weathers the Gulf War-related oil crisis by keeping supply flowing into the country.
    • Training Program on Exploration, Drilling, and Production funded by PetroCanada starts.
  • 1991
    • Benjamin E. Diokno is appointed PNOC Chairman and subsequently replaced by Monico V. Jacob.
    • Several subsidiaries are dissolved and/or merged; PNOC is down to 10 subsidiaries.
  • 1992
    • President Fidel V. Ramos appoints Raul S. Manglapus as PNOC Chairman; Jacob is appointed PNOC President.
    • PNOC Board decentralizes Corporate Services.
    • Republic Act (RA) 7638 revives the Department of Energy (DOE).
    • PDEC is successfully privatized through sealed public bidding of its shipyard assets.
  • 1993
    • Delfin L. Lazaro is appointed Secretary of Energy and Ex-Officio Chairman of PNOC; Jacob is appointed President of PNOC; and Manglapus is appointed Chairman of Petron Corporation.
    • PNOC-Petrochemical Development Corporation (PPDC) is incorporated to engage in the business of petrochemicals.
    • 110MW Bac-Man I Geothermal Steam Field of PNOC-EDC is commissioned.
    • Privatization Plan for Petron Corporation is approved.
  • 1994
    • Francisco L. Viray is appointed Secretary of Energy; Manglapus is appointed President of PNOC; and Jacob is appointed Chairman of Petron Corporation.
    • PNOC-EC switches on the 3MW San Antonio Gas Power Plant in Echague, Isabela.
    • First 40MW Palinpinon II Geothermal Steam Field of PNOC-EDC is commissioned.
    • PNOC and Saudi Arabian Oil Company (Saudi Aramco) formalize Petron Partnership; thereafter, Petron's Initial Public Offering (IPO) is launched; subsequently, the shares are listed at the Philippine Stock Exchange (PSE).
    • Public Bidding for the 4 vessels of the International Tankers Division (ITD) is completed; PNOC Board approves the sale to the two highest bidders while the bidding for the sale of PSTC's fleet result in a failure due to lack ofcompetitive bids.
    • An underground methane gas explosion in the Malangas Coal Mine result in the cessation of mining activity and MCC's eventual dissolution.
  • 1995
    • PNOC-EDC's second 40MW Palinpinon II Geothermal Steam Field is commissioned.
    • DOE classifies PNOC-EC's natural gas reservoir in Isabela as the country's first commercial gas field.
    • PPDC starts construction of the feedstock pier in the 530 hectare petrochemical complex in Limay and Mariveles, Bataan.
    • 21st Council Meeting of ASCOPE directs the Legal and Technical Committees to jointly undertake with the Economic Committee the study on the "Directions and Strategies of ASCOPE for the 21st Century", a Philippine Economic Committee initiative.
  • 1996
    • PNOC remits to the National Government (NG) PhP 10 Billion Special Cash Dividends for the Oil Price Stabilization Fund (OPSF).
    • Ateneo Glee Club sings the PNOC Hymn (the first since its existence) accompanied by the Philippine Philharmonic Orchestra. Composer is Dodgie Simon and arranger is Joel Navarro.
    • 52MW Mindanao I Geothermal Power Plant of PNOC-EDC is commissioned.
    • PNOC gears for the privatization of the geothermal subsidiary, PNOC-EDC.
  • 1997
    • PNOC-EDC's 440MW Leyte-Luzon BOT Power Project is commissioned.
    • Proclamation No. 971 declares the 50-hectare property of FDMC as Special Economic Zone.
    • Privatization Master Plan of PNOC-EDC is approved; however, it is deferred in view of the unfavorable equity market conditions.
    • ASCOPE conducts a Strategic Planning Workshop attended by Chairpersons of the Technical, Legal, and Economic Committees to: (1) create an awareness of the issues and opportunities created by current and emerging changes in the region and the rest of the world; (2) reach a common perception and understanding on the opportunities for ASCOPE; and (3) jointly form a vision of ASCOPE's role in the 21st Century.
    • PNOC-EC signs MOU with PITC for possible petroleum exploration and development projects in Iraq.
  • 1998
    • PPDC's Petrochem Park is inaugurated.
    • PNOC and Gulf Oil International Lubricants Ltd. establish a Joint Venture Company, Gulf Oil Philippines, Inc. (GOPI).
    • PNOC-EC produces its first billion cubic feet of green gas.
    • President Joseph Ejercito Estrada appoints Mario V. Tiaoqui as Secretary of Energy and Ex-Officio Chairman of PNOC; Ramon V. Mitra is appointed PNOC President.
  • 1999
    • PNOC-EDC's 48.25MW Mindanao II Geothermal Power Plant is commissioned.
    • PCC enters into a Joint Venture with Taiwan Overseas Mining Company (TOMC) for the development of the Integrated Little Baguio Coal Project.
    • ASCOPE Council approves the Business Orientation of ASCOPE together with the new Vision; Objectives and Strategies; Business Opportunities; Organizational Structure; and Functions and Tasks of the New Committees.
    • PNOC launches the Nationwide Contest for "The Most Innovative New and Renewable Energy System," coinciding with the company's 26th Anniversary.
    • PNOC presents the country's 1st Natural Gas Vehicle (NGV) to President Estrada in MalacaŅang. The vehicle, an Isuzu Hi-Lander AUV, was converted to run from diesel to natural gas and test-driven by the President himself.
    • Philippine Resins Industries Inc. (PRII) inaugurates its PhP 1.8 billion state-of-the-art Poly-Vinyl-Chloride (PVC) plant, a PPDC locator.
    • PNOC hosts the 25th Council Meeting of ASCOPE.
    • PNOC-EC concludes entry and participation in the Malampaya Deepwater Gas-to-Power Project with the signing of the Farm-In Agreement and the Office of the President's approval of the company's 10% participation.