Following government’s approval of its 45-percent stake acquisition in the multi-billion Malampaya project, Udenna Corporation conveyed that it absorbed the technical team and core of experts from previous interest-holder Chevron Corporation so it can seamlessly help in the continuous operation...
The Department of Energy (DOE) has officially approved the transfer of the divested 45-percent shareholdings of American firm Chevron Corporation in the multi-billion Malampaya gas field project to UC38 LLC, a subsidiary of Udenna Corporation owned by businessman Dennis Uy. In a formal...
The electrical linemen and meter readers in the power sector are being pushed for prioritization in the country’s Covid-19 vaccination program given the very high risk of exposure they have in carrying out their jobs. The proposal was put forward by Senate Committee on Energy Chairman Sherwin T....
With the easing of quarantine protocols this week, Filipino motorists can benefit from the marginal rollback in pump prices implemented by the oil companies at the scale of P0.25 per liter for gasoline, and P0.10 per liter for kerosene products....
National government agencies (NGAs) as well as local government units (LGUs) have been prodded to lead the way in complying with the mandated energy efficiency and conservation (EE&C) roadmap and standards being cast for the country....
The Department of Energy (DOE) is laying down the guidelines and requirements for energy efficiency (EE) ventures seeking tax incentives with the Board of Investments (BOI). The DOE has recently issued an initial draft of the Circular, but this will still be subject to consultations with...
State-run National Transmission Corporation (TransCo) has warned that the feed-in-tariff allowance (FIT-All) fund could be depleted, adversely impacting the financial viability of the beneficiary-renewable energy (RE) firms. TransCo President and CEO Melvin A. Matibag In a virtual conference...
The ‘bad summer habits’ of power plants are back again, hence, the Department of Energy (DOE) and Energy Regulatory Commission (ERC) are being urged to investigate the causes of the simultaneous forced outages of the generating facilities as these have been triggering spikes in electricity...
Amid continuing uncertainties posed by the coronavirus pandemic, consumers can look forward to slight relief in their fuel budgets as the cost of gasoline and kerosene prices are anticipated to be on rollback next week. Based on the calculation of the oil companies, the price of gasoline products...
Leading oil firm Petron Corporation is scheduling the issuance of senior perpetual capital securities or perpetual bonds that shall be denominated in US dollars. In a disclosure to the Philippine Stock Exchange (PSE), the oil company indicated that the planned issuance has already secured the...
The Department of Energy (DOE) has inked a memorandum of understanding (MOU) with Japanese firm Hydrogen Technology Inc. (HTI) on targets to deploy hydrogen applications for power generation. With this new pact firmed up with Tokyo-based HTI, Energy Secretary Alfonso G. Cusi stated that the...
Given the re-enforced enhanced community quarantine (ECQ) measure in the NCR plus bubble, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) has moved by two weeks or until April 23 this year the submission of tenders for the privatization of the 650-megawatt Malaya...
