The employees of Petron Corporation are pleading for support from the local government of Limay, Bataan so they can save their jobs; and they are likewise pushing for the re-classification of the 180,000 barrels-per-day refinery to become part of the Freeport Area of Bataan (FAB). The latest plan...
It will be another period of added expenses for Filipino motorists next week as pump prices are anticipated to rise by P0.50 to P0.65 per liter across products. Based on the calculation of the oil industry players, gasoline prices will inch up by P0.50 to P0.60 per liter; while diesel will be...
Ayala-led AC Energy Philippines Inc. (ACEN) has secured the approval and confirmation of the Securities and Exchange Commission (SEC) on its stock rights offering (SRO) which is targeted next year. The Ayala energy firm is eyeing to float 2,267,580,434 common shares on its first round SRO and it...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power projects in the Philippines. That came as a daring statement from RCBC President and CEO Eugene S. Acevedo, the first bank chief executive to do so...
The Department of Energy (DOE) is stepping up on the conduct of a feasibility study that will line up hydrogen as “fuel of the future” for the Philippines. Energy Secretary Alfonso G. Cusi “I have recently formed a team to study its potential for the local industry given that hydrogen is seen...
The ‘investigative powers’ being exercised by the Department of Energy-Department of Justice (DOE-DOJ) task force over abuses in the downstream oil sector was proposed to be transferred to the Philippine Competition Commission (PCC) to ensure non-discriminatory handling of cases. The...
Filipino-founded Solar Philippines is targeting to advance the construction of more than 1,000 megawatts of solar farm installations next year in at least four provinces within the Luzon grid. Currently identified sites for the projects are in Batangas, Cavite, Nueva Ecija and Tarlac, according to...
Customers of Manila Electric Company (Meralco) will gain slight relief on their wallets and paychecks this month because the pass-on rate of the utility firm will go down by P0.0352 per kilowatt hour (kWh) in its December billing. That will be a downtrend in the overall tariff of the company to...
The legal team of Shell companies in the Philippines (SCiP) has been scoring victories, as it just recently bagged the “Philippine In-House Team of the Year” and the “Energy and Resources In-House Team of the Year” awards from the Philippine Law Awards 2020 by the Asian Legal Business...
The European Chamber of Commerce of the Philippines (ECCP) is pushing for accelerated deployment of energy efficient technologies as well as further diversification of resources in the Philippine energy mix by leaning mainly on renewable energy; and the business chamber is pushing this agenda along...
Post pandemic energy planning Post Covid-19 pandemic and beyond the stretch of the Duterte administration, the power development planning of the Department of Energy (DOE) had cast an average 7.5-percent gross domestic product (GDP) growth as base scenario in the country’s energy needs for the...
Private transmission firm National Grid Corporation of the Philippines (NGCP) has successfully completed the reinforcement of the 230-kilovolt San Jose-Quezon transmission line in the Luzon grid to prepare the system for targeted capacity additions....
