Lopez-led First Gen Corporation has scheduled for December the redemption of various preferred shares worth P4.7 billion by its investors, as approved by the company’s board of directors in their meeting Tuesday, Nov. 29. In a disclosure to the Philippine Stock Exchange (PSE), the company...
Like other industries, agriculture is both a contributor to greenhouse gas emissions and a recipient of the consequences of the resulting climate crisis. However, compared to other sectors, it is much more vulnerable to climate impacts. Agribusinesses need to adapt to the ongoing climate change and...
A measure seeking the regulation of the local natural gas industry--one of the priorities of the current administration--has moved forward in the House of Representatives. Marinduque lone district Rep. Lord Allan Velasco On Thursday, Nov. 10, the House Committee on Energy chaired by Marinduque lone...
Owing to disrupted fuel supply in its gas-fired power plants due to the depleting state of the Malampaya gas field, the recurring net income of First Gen Corporation in the first half decelerated by 13 percent to P6.6 billion ($128 million) from a rosier financial outcome of P7.8 billion ($148...
House Strategic Intelligence Committee Chairperson Rep. Johnny Pimentel has called on the Department of Energy (DOE) to lift suspension of oil and gas drilling activities in the Recto Bank, also known as the Reed Tablemount. West Philippine Sea (FILE PHOTO FROM AFP) This, following the total...
President Duterte has ordered the termination of oil and gas discussions with China in the West Philippine Sea, outgoing Foreign Affairs Secretary Teodoro Locsin Jr. revealed. West Philippine Sea (FILE PHOTO FROM AFP) "The President had spoken. I carried out his instructions to the letter: oil and...
Motorists queued in gas stations that are selling cheaper fuel in Antipolo City since Sunday night as the prices of fuel went up again on Tuesday, June 21. At Flying V gas station located at P. Oliveros Street in Antipolo City, jeepneys, tricycles, and motorbikes lined up to gas up. A gasoline...
The government of Nigeria has committed to "collaborate" with the Philippines in connection with the natural gas sector. President-elect Bongbong Marcos (left) receives Ambassador of Nigeria Folakemi Ibidunni Akileye on June 17 at the BBM headquarters (BBM Media Bureau) Thus, said Ambassador of...
89078 BAGUIO CITY – A barangay here provided free gasoline to jeepney drivers burdened by increasing oil prices. Barangay AZCKO (Abanao, Zandueta, Chugum, Kayang, and Otek), which has the largest passenger jeepney terminal here, gave 1.5 liters of diesel to 43 jeepney drivers from various jeepney...
Surigao del Sur 2nd district Rep. Johnny Pimentel says that there are no hurdles blocking Enrique Razon and his Prime Infra Holdings Inc’s acquisition of Dennis Uy’s controlling stake in the Malampaya gas field. “We, in Congress, have always maintained that private parties are free to get in...
Senator Sherwin Gatchalian on Sunday expressed his grave concern over the country’s power situation amid reports that Udenna Corp.’s Dennis Uy is considering selling his controlling stakes in the Malampaya deep water gas-to-power project. Gatchalian said this development casts uncertainty on...
CANBERRA, Australia -- A massive solar farm proposed for northern Australia would reduce global greenhouse gas emissions by 480 million tons, an environmental assessment has found. The renewable energy company Sun Cable recently lodged its environmental impact statement (EIS) for the Australia-Asia...
