Top Oil And Gas Companies in Philippines

The Oil & Gas industry in the Philippines plays a crucial role in the country's economic development and energy security. Despite being a net importer of fossil fuels, the industry has demonstrated resilience and adaptation in the face of global challenges. This article explores the growth, success factors, and key trends shaping the Oil & Gas industry in the Philippines. Additionally, it highlights the challenges and future outlook for the industry, offering valuable insights for investors, policymakers, and industry stakeholders.

read full article below
Filter bySearch by company name, registration number or domain name
CompanyHeadcountContactDescriptionDecision Maker
BUMI ARMADA1,843 +65 6558 6116

At Bumi Armada, we amplify competency to resonate with the changing Oil & Gas industry demands, values and expectations. We engage in advancement of technology to garner further growth and keep sustainability in balance.We are a Malaysia-based international offshore energy facilities and services provider with experience in over 29 countries spread across four continents – Asia, Europe, Africa and Latin America. The culture diversity of over 800 people from over 27 nationalities empowers diverse solutions in our global team to safely deliver our marine assets – FPSO, LNG FSU, OSV and derrick lay-barge.We offer a range of capabilities from life of field surveys, drilling support, production facilities, installation & operations, pipe-laying, hook-up & commissioning and vessel chartering. We are committed to bring innovative solutions to provide high quality and reliable facilities and services while incorporating leading technologies for a sustainable tomorrow.OUR BEGINNINGIn December 1995, the company was incorporated as a public limited company (under the Companies Act, 1965). The Bumi Armada group of companies include diversified subsidiaries as well as joint venture companies.Since then, our marine business has evolved from managing smaller tonnage vessels in the 1970s to being able to design and build nine FPSOs with increasing complexity, functional capability, and size. Drawing on our decades of experience, we have developed a reputation for our project management capabilities. We deliver innovative solutions and quality facilities that incorporate leading technologies to cater the needs in the field development, production and storage.

BW OFFSHORE2,107 +65 6323 1263

BW Offshore engineers innovative floating production solutions. The Company has a fleet of 8 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 2,000 employees and is publicly listed on the Oslo Stock Exchange.Further information is also available on www.bwoffshore.com

DIALOG GROUP BERHAD1,411 +65 6251 5024

DIALOG is a leading integrated technical service provider to the energy sector, in Malaysia and internationally. Established in 1984, DIALOG has grown both organically and through strategic alliances with internationally-renowned technology partners. We serve a diverse range of customers that include multinational energy majors, national energy companies as well as multinational engineering and service providers located throughout the world.Headquartered in Kuala Lumpur, DIALOG is a global player with a staff strength of over 2,600. DIALOG has offices and facilities in Malaysia, Singapore, Thailand, Indonesia, China, Australia, New Zealand, Philippines, Saudi Arabia and United Arab Emirates. DIALOG is listed on the Main Market of Bursa Malaysia and was included into the FBM KLCI in June 2018 and FTSE4Good Bursa Malaysia in June 2022.

TRAFIGURA3,838 +65 6319 2960

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, Gas and Power, and Renewable Energy divisions, we use infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 12,000 people working in 61 countries.Visit: www.trafigura.com

TOTALENERGIES65,026 +65 6879 7900

Have you ever thought of offering your skills and expertise to a multinational company? Give your best to better energy and make the commitment with TotalEnergies. With over 500-plus professions in 130 countries, we offer high safety and environmental standards, strong ethical values, an innovation culture and wide-ranging career development. Be part of the global team whose mission is already shared by 105,000 employees : to be a world-class player in the energy transition

MCDERMOTT INTERNATIONAL, LTD27,515 +65 6561 2288

McDermott is a premier provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach—engineered to responsibly harness and transform global energy resources into the products the world needs for now and what’s next.From concept to commissioning, we are creating and delivering the building blocks of the energy transition. Our innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, our locally focused and globally integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

NOV30,560 +65 1800 676 4380

NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.

CHEVRON42,800 +65 6318 1000

Our greatest resource is our people. Their ingenuity, creativity and collaboration have met the complex challenges of energy’s past. Together, we’ll take on the future.We support the LinkedIn Terms of Use (User Agreement), and we expect visitors to our page to do the same. We encourage open, lively conversation with a few simple rules: --We reserve the right to correct factual errors. --We will reply to comments when appropriate.--If we disagree with other opinions, we will do so respectfully.--You may not post anything that is spam or that is abusive, profane, or defamatory toward a person, entity, belief, or symbol.--We will delete any posts that contain personal information such as email addresses, phone numbers and physical addresses, and other third party intellectual property material, when that information does not belong to the author of the post. --You may not post job listings for non-Chevron positions.--While we support lively, open discussion, we reserve the right to delete comments.

SAPURA ENERGY BERHAD5,332 +65 8949 5888

Sapura Energy Berhad (Sapura Energy) is a full-fledged upstream player headquartered in Malaysia and amongst the world’s leading integrated oil and gas services and solutions providers.We provide a full spectrum of capabilities that covers the entire value chain of exploration, development, production and rejuvenation as well as decommissioning and abandonment.With a multinational workforce over 7,500 employees spanning over 35 nationalities, comprehensive world-class assets and project management capabilities – our global presence is visible in more than 20 countries. This includes Malaysia, China, Australia, Brazil, the United States of America, as well as those in Western Africa and the Middle East.

SHELL140,478 +65 6513 7719

Shell is a global energy company with around 87,000 employees in more than 70 countries. We work together to power progress through more and cleaner energy solutions. We serve more than 30 million customers at almost 46,000 retail service stations every day.Our strategy is to accelerate the transition of our business to net-zero emissions, purposefully and profitably. #PoweringProgress

SUBSEA712,031 +65 6309 4700

Subsea7 makes offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energy.

BP63,315 +65 6335 3000

The world is changing fast and our industry is changing with it. The energy mix is shifting towards lower carbon sources, driven by technological advances and growing environmental concerns. In bp, we will help drive this transition - and our business will be transformed by it. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

TRANSOCEAN9,910 +65 6512 4700

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units including 27 ultra-deepwater floaters, and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships.

WOODSIDE ENERGY5,124 +65 6709 8021

We aim to thrive through the global energy transition with a low-cost, lower-carbon, profitable, resilient and diversified portfolio. Our recently expanded global portfolio includes quality oil and gas assets and interests in Australia, Gulf of Mexico, Trinidad and Tobago, Senegal, Timor-Leste, Canada, Barbados. Our focus in operations remains on safety, reliability, efficiency and environmental performance, leveraging more than 35 years of operating experience. We have growth opportunities across our three pillars of gas, oil and new energy. Woodside Energy LinkedIn followers, please be aware that during the past week we have seen a spike in fraudulent job advertisements and LinkedIn profiles claiming to be from our Human Resources team. We are working to have these removed and ask you to report any suspicious looking posts or accounts to Woodside at gradcareers@woodside.com.au We have also seen offers of employment mailed to job seekers by individuals or organisations posing as Woodside. Importantly, communications about employment opportunities with Woodside will only ever be sent from email addresses ending in woodside.com.au or woodside.com. We will also never make unsolicited jobs offers or seek payment from job applicants. For more information about how to spot fraudulent Woodside recruitment activity, go to our careers page.

CONOCOPHILLIPS15,711 +65 6536 0010

We are a global oil and gas company tasked with an important job—to safely find and deliver energy for the world. We’re experts in what we do—from the well site to the office. Across our operations and activities in 13 countries, we never forget our responsibility to be a great neighbor, and a great place to work. Guided by our SPIRIT Values—Safety, People, Integrity, Responsibility, Innovation and Teamwork—we deliver strong performance, keeping our promises to our stakeholders, communities and each other. We solve problems and develop new approaches together, as a team of people—not job titles.That’s ConocoPhillips.It’s not just what we do. It’s how we do it. At ConocoPhillips, we believe it is important to foster a safe and constructive online environment for our community. To do so, we encourage visitors to contribute to conversations by following a few guidelines:- Please contribute to the dialogue by keeping your comments relevant to the community and on topic. - Direct your comments at issues, rather than individuals.Any of the following violations of these guidelines may warrant, without prior notice, actions such as removing posts and comments or blocking an account:- Comments that are spam, defamatory or offensive (e.g., obscene, indecent, profane, violent, cruel or discriminatory) will be removed.- Content that violates the terms of use stipulated by each social media operating company.- Any other behavior ConocoPhillips deems inappropriate.Community policy: https://bit.ly/3mrTG4d

PETROFAC15,600 +65 6274 9176

We are a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world’s evolving energy needs.Our core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, South East Asia and the United States. We have 8,200 employees based across more than 30 offices globally.Petrofac is quoted on the London Stock Exchange (symbol: PFC).To find out more, visit www.petrofac.com

EXXONMOBIL57,854 +65 1800 252 1800

The need for energy is universal. Thats why ExxonMobil scientists and engineers are pioneering new research and pursuing new technologies to reduce emissions while creating more efficient fuels. Were committed to responsibly meeting the worlds energy needs.We aim to achieve #netzero emissions from our operated assets by 2050 (for Scope 1 and 2 greenhouse gas emissions) and are taking a comprehensive approach to create emission-reduction roadmaps for major operated assets. Find us also on:Twitter.com/ExxonMobilFacebook.com/ExxonMobilInstagram.com/ExxonMobilYouTube.com/ExxonMobilEnergyFactor.comExxonMobil.comFind our latest Privacy Policy at https://corporate.exxonmobil.com/Global-legal-pages/privacy-policySee our terms and conditions at https://corporate.exxonmobil.com/global-legal-pages/terms-and-conditions ExxonMobil uses innovation and technology to deliver energy to a growing world. We explore for, produce and sell crude oil, natural gas and petroleum products. We operate facilities or market products in most of the world’s countries and explore for oil and natural gas on six continents. Follow us on Twitter.com/ExxonMobil Like us on Facebook.com/ExxonMobil Follow us on Instagram.com/ExxonMobil Visit our channel on YouTube.com/ExxonMobil Get the latest energy news and views at EnergyFactor.com

SWIBER HOLDINGS LIMITED976 +65 6505 0800

Swiber Holdings Limited is a world class integrated construction and support services provider to the offshore oil and gas industry, offering a wide range of offshore EPIC, marine support, and engineering services across the Asia Pacific, Middle East, and Latin America regions. Since its foundation in 1996, Swiber has been dedicated to building the company into a leader in the industry. Today, Swiber is a public-listed company on the Singapore Stock Exchange with an eminent position among global offshore oil and gas engineering and construction organisations. With an extensive and growing operating fleet of 65 vessels, comprising 49 offshore vessels and 16 construction vessels, and more than 3200 employees in over 40 different nationalities in strategically located offices in the region, the Swiber name is synonymous with excellence, safety, innovation and value among its customers. Swiber was featured on Forbes Asia’s “Best under a Billion” list, an honour given to the top 200 Asia-Pacific companies with consistent growth in both sales and profits over three years. Swiber continues to ascend the ranks of the nation’s “Top 100 Brands” in the Brand Finance’s Annual Report, ranking as one of the nation’s top 100 Brands in the Brand Finance’s Annual Report of “Singapore’s Intangible Assets and Brands” from 2010 to 2013. Swiber has also emerged a winner in Securities Investors Association (Singapore) (SIAS)’s Singapore Corporate Governance Award. All these reaffirm Swibers rapid growth as an EPIC player that is well-positioned to capitalise on the upswings of the offshore oil and gas sphere.

AIR DRILLING ASSOCIATES355 +62 21 27881931

ADA, originally founded in 2003 as Air Drilling Associates, rapidly grew into the largest air/ foam/ aerated fluids drilling services company in the world and is now the third largest MPD/UBD services provider. This came as a result of the 2015 acquisition of Reform Energy Services and Strata Energy Services of Canada. With this strategic acquisition ADA has more than 30 years’ worth of combined UBD, MPD and related engineering and operational experience.Today the company is the third largest MPD/UBD services provider, capable of offering a full array of MPD/UBD equipment for onshore as well as deep water offshore applications. ADA provides the SafeKick and Kelda Leidar MPD control systems, capable of robustly predicting the choke response under gas influx conditions.ADA has an alliance with Regional Marine & Engineering Services (RMES), an API 16-RCD certified manufacturing facility, for testing and manufacturing rotating control devices (RCDs) for on- and offshore applications.ADA has offices in most major oil, gas and geothermal regions around the world, please refer to our website for more details.

AIBEL3,826 +65 6505 4500

Aibel is a leading service company within the oil, gas and offshore wind industries. We provide our customers with optimal and innovative solutions within engineering, construction, modifications and maintenance throughout a projects entire life cycle. Aibels 4000 skilled employees are located close to our customers at the company’s offices in Norway and South East Asia. In addition, we operate two modern yards in Haugesund and in Thailand, with complete prefabrication and construction capabilities. Aibel has a strong market position based on the companys integrated business model, which covers the entire value chain. Customers are primarily major oil companies operating on the Norwegian continental shelf.

Top Oil And Gas Companies in Philippines

Key Statistics from 2022: GDP and Employment

In 2022, the Oil & Gas industry contributed approximately 2% to the Philippine GDP, amounting to nearly $6 billion in revenue. While the industry's contribution to GDP remains modest compared to other sectors, it is essential for the country's energy needs and economic stability.

Employment in the Oil & Gas industry in 2022 stood at around 100,000 individuals, accounting for roughly 0.2% of the total workforce in the Philippines. The industry's relatively low employment figures can be attributed to its capital-intensive nature and reliance on advanced technology.

Factors Contributing to the Industry's Growth and Success

Several factors have contributed to the growth and success of the Oil & Gas industry in the Philippines:

Government Initiatives:

The Philippine government has implemented various policies and initiatives to support the industry, such as the Philippine Energy Plan (PEP) and the establishment of the Department of Energy (DOE). These efforts aim to ensure energy security, promote investment in the sector, and encourage the sustainable development of the country's energy resources.

Investment in Exploration and Production:

The Philippines has attracted significant investment in the exploration and production of oil and gas resources. Joint ventures and production-sharing agreements with international energy companies have facilitated the development of domestic oil and gas reserves, reducing the country's reliance on imports.

Diversification of Energy Sources:

The Philippines has made concerted efforts to diversify its energy sources, integrating natural gas into its energy mix. The Malampaya gas field, for example, has played a significant role in providing a cleaner, more sustainable energy source for the country's power generation needs.

Sector-specific Growth and Comparison to Previous Years

Upstream:

The upstream sector in the Philippines experienced modest growth in 2022, with a 5% increase in exploration activities compared to 2021. This growth was driven by rising global energy prices, increased investment, and successful exploration campaigns in areas such as the West Philippine Sea.

Downstream:

The downstream sector witnessed a 3% growth in 2022, driven by the expansion of refining capacities and the increasing demand for petroleum products. The country's two major refineries, Petron and Pilipinas Shell, have continued to invest in capacity upgrades and modernization projects to meet the growing demand.

Midstream:

The midstream sector experienced a 4% growth in 2022, driven by the expansion of the country's natural gas infrastructure, including pipelines and import terminals. The development of the Batangas LNG terminal, for example, is expected to boost the country's capacity to import and distribute natural gas.

Key Trends and Technological Disruptions

The Oil & Gas industry in the Philippines is embracing several key trends and technological disruptions, including:

Digitalization:

Digital technologies are transforming the industry, enabling improved efficiency, cost savings, and reduced environmental impacts. The adoption of digital tools such as data analytics, automation, and advanced sensors is reshaping the way the industry operates, from exploration to production and distribution.

Renewable Energy Integration:

The Philippines is increasingly focusing on integrating renewable energy sources into its energy mix, driven by the need for energy security, sustainability, and global climate change commitments. The Oil & Gas industry is adapting to this shift by investing in renewable energy projects and exploring synergies with clean technologies, such as biofuels and hydrogen.

Enhanced Oil Recovery (EOR):

As conventional oil reserves deplete, the industry is increasingly adopting EOR techniques to maximize the production of existing fields. These methods include the use of chemicals, thermal processes, and gas injection to improve recovery rates and extend the life of oil fields.

Challenges

Despite its growth and ongoing adaptation, the Oil & Gas industry in the Philippines faces several challenges that must be addressed to ensure continued progress:

Regulatory Environment:

The rapidly evolving global energy landscape requires a responsive and agile regulatory framework. Streamlining regulations and creating a more transparent, investor-friendly environment is crucial for attracting investments and fostering growth in the industry.

Environmental Concerns:

The Oil & Gas industry must address environmental concerns related to its operations, including the potential for spills, emissions, and habitat disruption. Implementing best practices, adopting cleaner technologies, and adhering to strict environmental standards is essential for the industry's long-term viability and social license to operate.

Energy Security and Geopolitical Risks:

The Philippines' reliance on imported oil and gas exposes the country to global price volatility and geopolitical risks. Diversifying energy sources and increasing domestic production is essential for ensuring energy security and reducing the nation's vulnerability to external shocks.

Future Outlook

The future outlook for the Oil & Gas industry in the Philippines remains cautiously optimistic, with growth opportunities in exploration, production, and infrastructure development. By addressing the aforementioned challenges and embracing emerging trends and technological disruptions, the industry can contribute to the country's energy security, economic development, and the global transition to a cleaner, more sustainable energy future.

Conclusion

In conclusion, the Oil & Gas industry in the Philippines has demonstrated resilience and adaptation in the face of global challenges and shifting energy dynamics. Government initiatives, investment in exploration and production, and diversification of energy sources have contributed to the industry's growth and success. Sector-specific growth in the upstream, downstream, and midstream segments, coupled with the adoption of key trends and technological disruptions, has helped the industry navigate a rapidly changing energy landscape. By addressing the challenges and capitalizing on new opportunities, the Oil & Gas industry in the Philippines is well-positioned to continue its evolution and play a vital role in the country's energy future.

undefined's picture
By Melissa Goh
Published on 29 May 2023