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...
The government has signed a petroleum service contract on Wednesday, April 7, with SK Liguasan Oil and Gas Corporation (SKLOGC), officially signaling the latter’s entry for oil and gas exploration activities at Area 9 of the Liguasan marsh, located in the southern part of the Mindanao River...
ACE Enexor Inc., the oil and gas investment platform of the Ayala group, will be undertaking a follow-on offering (FOO) for 74,000,000 shares to be priced at P10 to P11.84 per share. The company has secured the go-signal of its board this week on “the appointment of the transaction advisors...
Soaring electric bills in summer months seen By MYRNA M. VELASCO Summer months may just get hotter as soaring electric bills could further erode the purchasing power of Filipino consumers and thin power supply could also push Luzon grid into brownout breaking points. As global fuel prices are on...
