As international prices hit new historic-high of $60 per barrel, pump prices are anticipated to go up between P0.85 to P1.05 per liter across products. Based on the initial...
The Department of Energy (DOE) is targeting to increase to 5.0-percent by volume the biodiesel blend in petroleum products, citing the sufficiency of supply to meet such policy prescription. That was sounded off by Energy Assistant Secretary Leonido J. Pulido III during the international symposium...
Touting that businesses can either be a destructive force or a powerful agent for regenerative change, Lopez-led First Gen Corporation is opting for the latter as it pushes for the developments of decarbonized, resilient and socially-inclusive infrastructure facilities; as well as on pioneering the...
The country’s electric cooperatives (ECs) have raised alarm of highly probable ‘cash flow disruption’ from overly extended ‘no disconnection policy’, as being pushed by some government leaders and interest groups. And if the power utilities’ stream of revenues will be severely...
The Department of Energy (DOE) is giving its word that brownouts will not hamstring the anticipated COVID-19 vaccine rollouts in the coming months, so the country can finally sneak away from the reins of the pandemic. According to Energy Undersecretary Felix William B. Fuentebella, the department...
A pending legislative measure is seeking to refocus the investment mandate of state-run Philippine National Oil Company (PNOC) into exploration and production (E&P) ventures in the oil and gas sector, and for it to transform itself as a global champion in that industry similar to the...
As summer months approach, the governing body of the Wholesale Electricity Spot Market (WESM) has formed a Compliance Committee to keep a tighter watch on strict compliance of trading participants in the country’s electricity spot market. According to WESM governing body Philippine Electricity...
Consumers will need to shell out extra for their gasoline product purchases this week as the price of this commodity will be higher by P0.25 per liter this week, based on the pricing adjustment notices sent by the oil companies. Meanwhile, the price of kerosene will be on rollback by P0.25 per...
At least 20 distribution utilities (DUs), including electric cooperatives, in the Luzon grid had been ordered to refund over-collections to their customers; and their mandated paybacks range from P0.0014 to P0.6266 per kilowatt hour. (MANILA BULLETIN) According to the Energy Regulatory Commission...
The Ayala-owned ACE Enexor Inc., an upstream oil and gas investment subsidiary, has announced its formal withdrawal from Service Contract (SC) 6, which is a petroleum exploration block in Northwest Palawan. A disclosure to the...
Motorists can expect either a steady price for diesel next week or a measly rollback of P0.05 per liter, based on the initial calculation of the oil companies. Gasoline prices though will go up slightly by P0.20 to P0.25 per liter; while kerosene prices may go down by P0.20 to P0.25 per liter. This...
The aggregate 2,267,580, 434 common shares tendered by Ayala-led AC Energy Corporation (ACEN) via its stock rights offering (SRO) had been fully subscribed and had fetched proceeds of more than P5.37 billion. During the formal listing of ACEN’s stock rights offer at the local bourse, Philippine...
