Leading oil firm Petron Corporation heaves up Christmas spirit by giving away one-year fuel supply to 12 lucky customers who will be selected in its major promotional salvo for the holidays. The oil firm said the equivalent amount of the one-year fuel supply that the winners can enjoy will sum up...
Amid controversies stirred up by the transaction, the Department of Energy (DOE) indicated that it had not seen ‘violation’ in the sale and purchase agreement (SPA) sealed by American firm Chevron Corporation and Udenna Corporation in the 45-percent stake of Malampaya that was unloaded by the...
Despite the perceived low capitalization of US$50 million dangled to foreign investors for integrated geothermal resource exploration and power plant development in the country, the Department of Energy (DOE) disclosed that there are no takers yet of the blocks being offered by the government....
Lopez-led First Gen Corporation, through its corporate vehicle FGEN LNG Corporation, has formally shortlisted three prospective bidders on its procurement of floating storage regasification unit (FSRU) for its interim liquefied natural gas (LNG) import facility in Batangas. The company announced...
Just several days before Christmas and Filipino consumers will still need to fork out more cash for their fuel expenses this week as diesel prices will be up by P0.85 per liter; and diesel by P0.75 per liter. The oil firms also sent notices that the price of kerosene will go higher by P0.80 per...
The country’s renewable energy (RE) developers are eyeing to rake in next year P35.693 billion worth of feed-in-tariff (FIT) payments, a form of subsidy collected from all Filipino electricity ratepayers. That will be an increase of roughly...
Aboitiz Power Corporation is planning to raise up to P8 billion from a proposed bond issuance as the initial tranche of its new three-year Shelf Registration of up to P30 billion. The firm is planning to offer bonds worth up to P4 billion with an oversubscription option of up to P4 billion to...
Remittances to local government units (LGUs) hosting energy projects reached as much as P4.155 billion this year, according to a report from the Department of Energy. The fund share of the host communities is based on the prescription of Energy Regulations (ER) 1-94 wherein they are entitled to...
Domestic pump prices will continue to make a dent on consumers’ pockets next week as the costs of gasoline and diesel products will be on another round of upswing based on the calculation of the oil companies. MB file photo. (Mark Balmores) As initially estimated, the prices of gasoline and...
As power plant outages have been tormenting consumers not just of brownouts but also of electricity rate spikes, the Energy Regulatory Commission (ERC) has tightened the rules and the benchmark on the allowable service interruptions in electric generating facilities. Energy Regulatory Commission...
The energy investment arm of the Ayala group will be injecting additional investments of P10.81 billion for greenfield solar and wind power projects in the Luzon grid. AC Energy President and CEO Eric T. Francia The board of directors of AC Energy Philippines had green-lighted secured loan...
Transmission firm National Grid Corporation of the Philippines (NGCP) has completed and energized the 230-kilovolt Toril-Bunawan transmission line, which forms the final loop of the P7.09 billion Mindanao backbone project. With the project’s completion, the company noted that “this will secure...
