Bad news will cut across Filipino households starting this long weekend, as the price of cooking fuel liquefied petroleum gas (LPG) will increase by P3.20 per kilogram (kg) or an aggregate increase of P35.20 for the standard 11-kg cylinder. The price hike for LPG will stay for the rest of November,...
Filipino consumers will be spared from worrying over electricity service interruptions or brownouts during the Christmas holidays, as the Energy Regulatory Commission (ERC) formalized its order of “no electricity service disconnection’ until December 31 this year. (MANILA BULLETIN) The...
Pangilinan-led PXP Energy Corporation is seeking the imprimatur of the Philippine government as to the next steps it must pursue relative to its joint exploration deal with China National Offshore Oil Corporation (CNOOC) for oil and gas exploration at the Recto Bank offshore northwest Palawan...
American firm Excelerate Energy is racing ahead in bringing to commercial fruition the country’s first floating storage regasification unit (FSRU) for imported liquefied natural gas (LNG) by the second quarter of 2022. ( Photo credit: https://excelerateenergy.com/) In an announcement to the...
Amid the tax predicaments raised by Petron on its refining business, the Department of Finance (DOF) indicated that it is not amenable to proposed tweaks in the country’s tax laws as applied to the supply chain of the downstream oil sector. Finance Secretary Carlos G. Dominguez III (MANILA...
To force the country into ‘clean energy’ transition, the Department of Energy (DOE) has enforced moratorium on new coal-fired power plant projects. But it’s not time for the clean energy advocates to pop the champagne bottle yet, because the DoE qualified the moratorium will not cover...
As an aftermath of severe storm Quinta’s devastation, massive swath in 15 provinces groped in the dark due to power outages caused by damages in various power facilities. According to the Department of Energy, the estimated cost of damage to the power facilities of the electric cooperatives (ECs)...
The oil companies rolled back diesel prices by P0.25 per liter; and kerosene products by P0.15 per liter, based on the announcements of the oil companies. For gasoline, the industry players have not moved prices although in the earlier calculation of some companies, there should have been a...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is pursuing the collection of more than P33 billion worth of arrears from its contracted customers for power supply. The bulk of the receivables, according to...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has apprised the Senate Committee on Energy that its liabilities had been trimmed by P29 billion as of June this year to P393.3 billion from a heftier scale of P422 billion as of end-December 2019. During the budget...
The Department of Energy (DOE), through its Task Force on Energy Resiliency (TFER), has mobilized the country’s power firms so probable power interruptions or blackout impact of tropical storm ‘Pepito” could be eased if not totally avoided in various parts of the country. Energy Secretary...
Lopez-led FGEN LNG Corporation will conclude by the middle of next month the bid process for its planned chartering of a floating storage regasification unit (FSRU) to serve as its interim facility on targeted importation of liquefied natural gas (LNG) starting year 2022. Jonathan C. Russell,...
