Amid new fears of demand slump for oil commodities, prices of gasoline products at Philippine pumps will be on P1.20 per liter rollback this week; while diesel prices will be reduced by P1.30 per liter. The country’s oil companies also announced price cuts of P1.40 per liter for kerosene...
The proposed 3.0 million tons per annum (mtpa) liquefied natural gas (LNG) import terminal of Shell Energy Philippines is targeting to supply the gas requirements of two power plants in Central Luzon; as well as a major petrochemical facility in the country. According to Energy Secretary Alfonso G....
Listed firm Pilipinas Shell Petroleum Corporation suffered a humongous net loss of P16.2 billion last year, a complete reversal from its P5.6 billion net income logged in 2019. The oil company qualified though that 73 percent or P12 billion of its losses last year had been mainly traced to one-off...
The Department of Energy (DOE) has issued another notice-to-proceed (NTP) for a liquefied natural gas (LNG) import facility project – this time for Shell Energy Philippines. According to the project proponent-firm, the Philippines “is an important country for Shell and is keen to continue...
Listed firm Basic Energy Corporation has formally secured wind energy service contract (WESC) from the Department of Energy (DOE) for its planned 50-megawatt wind farm installation in Mabini, Batangas. The company, which is chaired by businessman Oscar C. De Venecia, disclosed to the Philippine...
The Department of Energy (DOE) has affirmed its decision to impose P610,000.00 worth of fines against Semirara Mining and Power Corporation (SMPC) against its coal trading violation that was apprehended two years ago. The department said SMPC was determined liable for violation of Section 3 of...
Oil companies as well as power firms have been directed by the Department of Energy (DOE) to guarantee that services to Filipino consumers must be seamless during the government-enforced stricter two-week general community quarantine (GCQ) within the so-called National Capital Region (NCR) plus...
The Department of Energy (DOE) will consult with stakeholders on the drafting of a circular for the implementation of electric vehicle (EV) charging stations all over the country. Under the draft policy set out by the department, it laid down plans for the setting up of both private and public...
FGEN LNG Corporation, the corporate vehicle of First Gen Corporation for its interim liquefied natural gas (LNG) import facility, has shortlisted two bidders for its targeted chartering of floating storage regasification unit (FSRU) for the project. The shortlisted firms are BW Gas Limited and...
The Department of Energy (DOE) is currently enticing investors to funnel capital in at least 69 areas that are classified as “underserved” and “unserved” domains when it comes to energization initiatives. The entry of the targeted investors shall be via the qualified third party (QTP)...
Consumers’ pockets will be slightly off from financial pressure next week as prices are anticipated to be on rollback at petroleum pumps, based on the calculation of the oil companies. Gauging from the outcome of trading in the international market last week, the price of diesel and kerosene...
Lopez-led First Gen Corporation was considerably in auspicious state last year on its financial performance, as its earnings had just declined by marginal 7.0-percent to P13.7 billion (US$276 million) from P15.4 billion (US$296 million) in 2019. “The company managed the challenges that arose...
