April 20, 2015, 1:41 am
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1 Philippine Peso = 0.083 UAE Dirham
1 Philippine Peso = 2.93063 Albanian Lek
1 Philippine Peso = 0.04045 Neth Antilles Guilder
1 Philippine Peso = 0.20061 Argentine Peso
1 Philippine Peso = 0.02903 Australian Dollar
1 Philippine Peso = 0.04045 Aruba Florin
1 Philippine Peso = 0.04519 Barbados Dollar
1 Philippine Peso = 1.76051 Bangladesh Taka
1 Philippine Peso = 0.04084 Bulgarian Lev
1 Philippine Peso = 0.00852 Bahraini Dinar
1 Philippine Peso = 35.42982 Burundi Franc
1 Philippine Peso = 0.0226 Bermuda Dollar
1 Philippine Peso = 0.03042 Brunei Dollar
1 Philippine Peso = 0.15614 Bolivian Boliviano
1 Philippine Peso = 0.06872 Brazilian Real
1 Philippine Peso = 0.0226 Bahamian Dollar
1 Philippine Peso = 1.40872 Bhutan Ngultrum
1 Philippine Peso = 0.22264 Botswana Pula
1 Philippine Peso = 323.17287 Belarus Ruble
1 Philippine Peso = 0.04508 Belize Dollar
1 Philippine Peso = 0.02766 Canadian Dollar
1 Philippine Peso = 0.02152 Swiss Franc
1 Philippine Peso = 13.83966 Chilean Peso
1 Philippine Peso = 0.14 Chinese Yuan
1 Philippine Peso = 56.47464 Colombian Peso
1 Philippine Peso = 11.98468 Costa Rica Colon
1 Philippine Peso = 0.0226 Cuban Peso
1 Philippine Peso = 2.32055 Cape Verde Escudo
1 Philippine Peso = 0.57266 Czech Koruna
1 Philippine Peso = 4.00574 Djibouti Franc
1 Philippine Peso = 0.15601 Danish Krone
1 Philippine Peso = 1.0116 Dominican Peso
1 Philippine Peso = 2.21425 Algerian Dinar
1 Philippine Peso = 0.3272 Estonian Kroon
1 Philippine Peso = 0.1724 Egyptian Pound
1 Philippine Peso = 0.46268 Ethiopian Birr
1 Philippine Peso = 0.02091 Euro
1 Philippine Peso = 0.04598 Fiji Dollar
1 Philippine Peso = 0.01462 Falkland Islands Pound
1 Philippine Peso = 0.01512 British Pound
1 Philippine Peso = 0.0867 Ghanaian Cedi
1 Philippine Peso = 0.96551 Gambian Dalasi
1 Philippine Peso = 165.22997 Guinea Franc
1 Philippine Peso = 0.17364 Guatemala Quetzal
1 Philippine Peso = 4.68202 Guyana Dollar
1 Philippine Peso = 0.17516 Hong Kong Dollar
1 Philippine Peso = 0.4797 Honduras Lempira
1 Philippine Peso = 0.15828 Croatian Kuna
1 Philippine Peso = 1.06813 Haiti Gourde
1 Philippine Peso = 6.29591 Hungarian Forint
1 Philippine Peso = 289.9913 Indonesian Rupiah
1 Philippine Peso = 0.08846 Israeli Shekel
1 Philippine Peso = 1.41332 Indian Rupee
1 Philippine Peso = 26.88871 Iraqi Dinar
1 Philippine Peso = 638.45989 Iran Rial
1 Philippine Peso = 3.06622 Iceland Krona
1 Philippine Peso = 2.59047 Jamaican Dollar
1 Philippine Peso = 0.01601 Jordanian Dinar
1 Philippine Peso = 2.68695 Japanese Yen
1 Philippine Peso = 2.11048 Kenyan Shilling
1 Philippine Peso = 1.43691 Kyrgyzstan Som
1 Philippine Peso = 90.87818 Cambodia Riel
1 Philippine Peso = 10.29 Comoros Franc
1 Philippine Peso = 20.336 North Korean Won
1 Philippine Peso = 24.4912 Korean Won
1 Philippine Peso = 0.00681 Kuwaiti Dinar
1 Philippine Peso = 0.01853 Cayman Islands Dollar
1 Philippine Peso = 4.20277 Kazakhstan Tenge
1 Philippine Peso = 183.47475 Lao Kip
1 Philippine Peso = 34.08539 Lebanese Pound
1 Philippine Peso = 3.00837 Sri Lanka Rupee
1 Philippine Peso = 1.91294 Liberian Dollar
1 Philippine Peso = 0.27265 Lesotho Loti
1 Philippine Peso = 0.0663 Lithuanian Lita
1 Philippine Peso = 0.0147 Latvian Lat
1 Philippine Peso = 0.03129 Libyan Dinar
1 Philippine Peso = 0.22418 Moroccan Dirham
1 Philippine Peso = 0.41632 Moldovan Leu
1 Philippine Peso = 1.29337 Macedonian Denar
1 Philippine Peso = 24.19193 Myanmar Kyat
1 Philippine Peso = 44.58102 Mongolian Tugrik
1 Philippine Peso = 0.18042 Macau Pataca
1 Philippine Peso = 7.1176 Mauritania Ougulya
1 Philippine Peso = 0.81683 Mauritius Rupee
1 Philippine Peso = 0.34594 Maldives Rufiyaa
1 Philippine Peso = 10.19048 Malawi Kwacha
1 Philippine Peso = 0.34652 Mexican Peso
1 Philippine Peso = 0.08208 Malaysian Ringgit
1 Philippine Peso = 0.27265 Namibian Dollar
1 Philippine Peso = 4.49651 Nigerian Naira
1 Philippine Peso = 0.60966 Nicaragua Cordoba
1 Philippine Peso = 0.17701 Norwegian Krone
1 Philippine Peso = 2.25395 Nepalese Rupee
1 Philippine Peso = 0.02942 New Zealand Dollar
1 Philippine Peso = 0.0087 Omani Rial
1 Philippine Peso = 0.0226 Panama Balboa
1 Philippine Peso = 0.07059 Peruvian Nuevo Sol
1 Philippine Peso = 0.06068 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.29401 Pakistani Rupee
1 Philippine Peso = 0.08419 Polish Zloty
1 Philippine Peso = 112.57284 Paraguayan Guarani
1 Philippine Peso = 0.08225 Qatar Rial
1 Philippine Peso = 0.09241 Romanian New Leu
1 Philippine Peso = 1.16238 Russian Rouble
1 Philippine Peso = 15.56833 Rwanda Franc
1 Philippine Peso = 0.08474 Saudi Arabian Riyal
1 Philippine Peso = 0.17723 Solomon Islands Dollar
1 Philippine Peso = 0.30323 Seychelles Rupee
1 Philippine Peso = 0.1349 Sudanese Pound
1 Philippine Peso = 0.19535 Swedish Krona
1 Philippine Peso = 0.03042 Singapore Dollar
1 Philippine Peso = 0.0152 St Helena Pound
1 Philippine Peso = 0.50176 Slovak Koruna
1 Philippine Peso = 99.19447 Sierra Leone Leone
1 Philippine Peso = 15.74797 Somali Shilling
1 Philippine Peso = 512.24114 Sao Tome Dobra
1 Philippine Peso = 0.1976 El Salvador Colon
1 Philippine Peso = 4.26895 Syrian Pound
1 Philippine Peso = 0.27265 Swaziland Lilageni
1 Philippine Peso = 0.73086 Thai Baht
1 Philippine Peso = 0.04402 Tunisian Dinar
1 Philippine Peso = 0.04488 Tonga Pa'ang
1 Philippine Peso = 0.06052 Turkish Lira
1 Philippine Peso = 0.14365 Trinidad Tobago Dollar
1 Philippine Peso = 0.70157 Taiwan Dollar
1 Philippine Peso = 42.84794 Tanzanian Shilling
1 Philippine Peso = 0.47338 Ukraine Hryvnia
1 Philippine Peso = 67.71887 Ugandan Shilling
1 Philippine Peso = 0.0226 United States Dollar
1 Philippine Peso = 0.60104 Uruguayan New Peso
1 Philippine Peso = 56.53113 Uzbekistan Sum
1 Philippine Peso = 0.14348 Venezuelan Bolivar
1 Philippine Peso = 487.83794 Vietnam Dong
1 Philippine Peso = 2.42371 Vanuatu Vatu
1 Philippine Peso = 0.05591 Samoa Tala
1 Philippine Peso = 13.72 CFA Franc (BEAC)
1 Philippine Peso = 0.06101 East Caribbean Dollar
1 Philippine Peso = 13.72 CFA Franc (BCEAO)
1 Philippine Peso = 2.49594 Pacific Franc
1 Philippine Peso = 4.85804 Yemen Riyal
1 Philippine Peso = 0.27269 South African Rand
1 Philippine Peso = 117.25961 Zambian Kwacha
1 Philippine Peso = 8.17733 Zimbabwe dollar

Gulf of Mexico set for oil supply surge

CORPUS CHRISTI, Texas – The Gulf of Mexico, stung by the worst offshore oil spill in U.S. history in 2010 and then overshadowed by the onshore fracking boom, is on the verge of its biggest supply surge ever, adding to the American oil renaissance.
 
Over the next three years, the Gulf is poised to deliver a slug of more than 700,000 barrels per day of new crude, reversing a decline in production and potentially rivaling shale hot spots like Texas’s Eagle Ford formation in terms of growth.
 
The revival began this summer, when Royal Dutch Shell’s 100,000 barrels per day Olympus platform was towed out to sea 130 miles south of New Orleans – the first of seven new ultra-modern systems starting up through 2016. It weighs 120,000 tons, more than 200 Boeing 777 jumbo jets.
 
The Gulf Of Mexico’s growth will bolster the United States’ emerging role as the world’s top oil and gas producer, a trend led by advances in hydraulic fracturing and horizontal drilling that unlock hydrocarbons from tight rock reservoirs in places like North Dakota’s Bakken and the Permian of West Texas.
 
Rising domestic production and the start of natural gas exports may transform the economy and realign geopolitics as U.S. reliance on foreign oil declines.
 
The resurgence in the Gulf is occurring even though the U.S. government imposed stringent safety and environmental rules after BP Plc’s Macondo spill. Foreign countries from Brazil to Angola have also aggressively courted
Big Oil to invest in developing their offshore fields. And the shale boom has diverted billions of dollars in capital onshore.
 
The deepwater Gulf, considered the most technically challenging offshore oil patch, remains alluring even as other areas struggle. Brazil attracted only a single bid this month for its once-touted Libra field, yet global companies still compete fiercely for the right to drill in the Gulf.
 
“A barrel of discovered oil in the Gulf of Mexico is difficult to beat for value anywhere else, even with the increased costs of doing business,” said Jez Averty, senior vice president of North American exploration at Norway’s Statoil .
 
Huge finds over the last decade – in what engineers call “elephant fields” that can produce for 25 years or more – are lifting growth in a basin some companies once abandoned, fearing it was drying up or its resources were beyond reach.
 
“This is still one of the premier oil and gas regions in the world and that’s why we’ve never left,” said Steve Thurston, vice president of Chevron Corp’s North American exploration and production division.
 
Even after decades of production in the Gulf, government estimates have shown that 48 billion barrels could still be recovered.
 
The area of the Gulf of Mexico where most of the new infrastructure will start up is in an ancient geological trend in its deepest waters 200 miles or more from shore known as the Lower Tertiary, estimated to hold 15 billion barrels of crude.
 
Appraisals in the Gulf’s Lower Tertiary have shown fields that could have half a billion barrels or more of oil, like Exxon Mobil Corp’s Hadrian, estimated to hold up to 700 million barrels, or Anadarko Petroleum Corp’s
Shenandoah, which tests this year showed could hold up to three times more than initial estimates of 300 million barrels.
 
The potential bounty of massive deposits that can produce for a quarter century or more is what keeps players coming even though a single well that bores tens of thousands of feet through thick salt and rock to strike oil – or a dry hole – can cost $130 million or more.
 
By contrast, an onshore well costs about $8 million to drill – but may only produce a trickle of oil for a few years.
 
Chevron’s Jack/St. Malo project, which will tie a platform to the ocean floor 7,000 feet below the surface and tap a reservoir 26,000 feet deep, costs $7.5 billion.
 
It may become the biggest such platform in the world after shipping out later this year, with the ability to double its initial 170,000 bpd capacity. It will be followed next year by Chevron’s second new platform, Big Foot, to be secured to the sea floor by 16 miles of interlocking metal strands, or tendons.
 
In addition to projects by Anadarko Petroleum Corp and Williams Cos, private equity firm Blackstone Energy Partners will join the game. In 2015, Blackstone’s partner LLOG Exploration aims to start up Delta House – named for the boisterous fraternity in the film “Animal House” – less than 10 miles from BP’s plugged Macondo well.
 
Delta House will pump oil from the Marmalard and Bluto fields, namesakes of characters in the movie.
 
Three years ago, some analysts thought the post-Macondo Gulf would have fewer players as stricter regulations and higher operating chilled activity, particularly for smaller companies.
 
Producers must now provide more detailed plans for offshore operations, submit to more frequent inspections and prove they have access to a rapid-response system to cap a gushing well. More than 4 million barrels of oil poured into the sea for 87 days after the Macondo well blowout killed 11 men.
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The SC must again rule on automated voting

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‘(The) contracts with Comelec have been twice upheld as legal and binding by the Supreme Court.’

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Domestic liquidity and hot money

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‘Why do we have a market with low level of domestic liquidity when the Filipino investor is known to be “greedy” or hungry for quick profits?’