The Department of Energy (DOE) has openly declared its ‘preferential treatment’ for renewable energy (RE) projects, but the government’s attention is also being called on managing concerns of efficient grid integration to avoid brownouts; as well as the competition that massive solar farm...
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...
Energy Secretary Alfonso G. Cusi The Philippine government has opened full foreign ownership in the geothermal segment of the energy industry, but under the condition that investments must be done in integrated steam resource development and power projects. Energy Secretary Alfonso G. Cusi said he...
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)...
Clean energy sources will be ‘green with envy’ as coal fuel sustained its dominance in the country’s power generation mix last year with a share of 54.6 percent, according to Department of Energy (DOE) data presented in the Senate. Coal’s fraction in the power generation pie was followed by...
Ayala-owned AC Energy Philippines (ACEN) has executed a new subscription agreement with subsidiary Ingrid Power Holdings Inc. for the parent firm to purchase specified number of shares; then the proceeds of that transaction will bankroll the first phase of the latter’s 300-megawatt Pililla...
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,...
Anchoring it on the ‘right to match’ provision of the joint operating agreement (JOA) under Service Contract (SC) 38, Energy Secretary Alfonso G. Cusi indicated that Udenna Corporation of businessman Dennis Uy may likely have an edge in acquiring the 45-percent stake being unloaded by Shell...
