ESBJERG, Denmark – The re-purposing of the country’s major ports will be very crucial for a successful larges-scale offshore wind farm projects in the country, according to Energy Secretary Raphael P. M. Lotilla. In a visit of the Philippine delegation to the facilities of the Blue Water...
COPENHAGEN – Energy Secretary Raphael P.M. Lotilla will take the podium at the world's largest energy event happening here this week to present the investment opportunities that the Philippine energy sector will be opening up to global investors, primarily the massive renewable energy (RE)...
Through Executive Order (EO) No. 21 that was issued on April 19 this year, President Ferdinand Marcos Jr. has mandated the integration of all permits for offshore wind (OSW) projects into the Energy Virtual One-Stop Shop (EVOSS) platform, a system of inter-agency energy project permitting...
The profitability of Yuchengco-led PetroEnergy Resources Corporation (PERC) accelerated by 30-percent to P863 million in 2022 from a leaner P665 million in the prior year. The company indicated that the income upturn had been partly attributed to higher profit contribution of its petroleum...
Spanish and Japanese companies are seriously considering investing in renewable energy in the country, primarily offshore wind projects, according to a source from the Department of Energy. The source indicated that the Spanish company is a new entrant in the Philippine power sector and its...
The Department of Energy (DOE) is planning a separate ‘auction call’ for the power supply agreements (PSAs) to be awarded to offshore wind investors via the Green Energy Auction Program (GEAP) of the government. According to Atty Marissa P. Cerezo, director of the Renewable Energy Management...
Copenhagen Infrastructure New Markets Fund (CINMF), an affiliate of Danish fund manager Copenhagen Infrastructure Partners (CIP), will be investing $5 billion to for the commercial development of three greenfield offshore wind farm projects that could bring in 2,000 megawatts of additional power...
An estimated P1.031 trillion worth of foreign investments in renewable projects are expected to pour into the Philippines, Trade and Industry Secretary Alfredo E. Pascual announced. In a statement, Pascual said that the biggest of these projects is the P360-billion (€6 billion) offshore wind...
The Philippine Amusement and Gaming Corp. (Pagcor) said the contract of the third-party auditor for Philippine offshore gaming operations (POGO) has been under review since September last year. In a statement, Pagcor said that its contract with Global ComRCI, the third-party auditor for offshore...
ZURICH, Switzerland — President Ferdinand "Bongbong" Marcos Jr. said the government should find out if keeping Philippine offshore gaming operations (POGOs) will be beneficial to the country as banning them outright would need to have the right reason. President Ferdinand 'Bongbong' Marcos Jr. In...
The decision of the Supreme Court to void the 2005 Tripartite Agreement for Joint Marine Seismic Undertaking (JMSU) among China National Offshore Oil Corporation (CNOOC), Vietnam Oil and Gas Corporation (PETROVIETNAM), and the Philippine National Oil Company (PNOC) is a welcome development. The...
The Philippine Amusement and Gaming Corporation (PAGCOR) on Wednesday, November 23 submitted to the Senate a copy of its road map which they plan to adopt to grow the Philippine Offshore Gaming Operations (POGOs) industry. This roadmap, according to the state gaming regulatory agency, will help...
