The Singapore-incorporated Malampaya Energy XP Pte. Ltd., a subsidiary of Udenna Corporation of businessman Dennis Uy, which is buying the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field venture, has just US$100 (or P5,000) capitalization, as revealed in a...
Multinational giants Chevron Corporation and Royal Dutch Shell have pocketed over P350 billion in revenues from the Malampaya gas field project prior to their respective exits from the venture. As culled from government documents, the royalty share of the two foreign energy giants had been on top...
The Department of Energy (DOE) is scouting for investor-challengers in at least two coal operating contracts (COCs) that it tendered for specified blocks in Visayas and Mindanao. For the targeted Mindanao coal mine developments, the blocks on offer are those in Asturias in Jolo, Sulu; Carmen in...
The Department of Energy (DOE) is targeting 13 million metric tons per annum (mtpa) of liquefied natural gas (LNG) capacity that will be imported into the country via the various investments being proposed by private sector players. Jesus T. Tamang, director of the DOE’s Energy Policy and...
With combined impact from the rising value of the US dollar and surging prices in the international market, big time hikes in fuel prices, particularly gasoline products, are due next week. Initial calculation by oil firms based on last week’s trading, gasoline prices could increase by P1.15 to...
Electricity consumers in Mindanao can soon exercise their ‘power of choice’ when it comes to their preferred electricity suppliers and on service that will fit their budgets, with the plan of the Department of Energy (DOE) to finally expand the coverage of Retail Competition and Open Access...
The government is eyeing to corner P2.984 trillion worth of renewable energy (RE) investments in line with the country’s clean energy scenario (CES) pathway that it targets to concretize in a span of two decades. In an Energy Investment Forum, Director Jesus T. Tamang of the Department of...
The Department of Energy (DOE) isn't interested with hitting back at Senator Manny Pacquiao, even if his allegations of corruption against the agency turn out to be baseless. (Photo from Manny Pacquiao's Instagram) Thus, said Assistant Secretary Gerardo Erguiza Jr. during the Laging Handa virtual...
An official of the Department of Energy (DOE), who reportedly resigned recently from his post, is well anticipated by power industry players as the next president of the Philippine Electricity Market Corporation (PEMC), which is the governance body of the Wholesale Electricity Spot Market (WESM)....
Department of Energy (DOE) Assistant Secretary Gerardo Erguiza Jr. insisted Wednesday, July 7 that there was no connection between the agency and the so-called independent market operator (IMO) for electricity that Senator Manny Pacquiao had tagged in alleged corruption. (Screengrab from Facebook...
For Department of Energy (DOE) Secretary Alfonso Cusi, Senator Manny Pacquiao's "whistleblowing" on alleged corruption in the Duterte government "is just an attempt to remain relevant" while the lawmaker is away. DOE Secretary Alfonso Cusi (Ariel Fernandez/ File photo/ MANILA BULLETIN) "Sen....
The participation of businesses or companies with self-generating assets is being sought, so they can switch on their own facilities when electricity supply in the grid would run tight in the coming weeks. This particular plea was put forward by the Energy Regulatory Commission (ERC); and to...
