The Philippines should invest in the liquefied natural gas (LNG) industry at least in the short and medium term to ensure that the country will have sufficient power supply, Sen. Sherwin Gatchalian said on Monday, February 27. Gatchalian made the suggestion as he threw his support behind the...
Consumers will have another wave of financial breather at the gas pumps by Tuesday (February 28) as oil prices had been calculated to be on rollback, based on the estimates of the oil companies. According to the industry players, the price of diesel products will be down by P1.40 to P1.80 per...
The two-week maintenance shutdown of the Malampaya gas production facility has been completed, without any untoward accidents at the work site, according to the Department of Energy (DOE). “The works were completed with zero incidents recorded. This was achieved through diligent planning and...
The Department of Energy (DOE) will be integrating hydrogen and ammonia as technological innovations in the propounded energy plan that shall be extended to year 2050. DOE Director Michael O. Sinocruz of the Energy Policy and Planning Bureau in a recent Powertrends forum shared that the department...
The Energy Regulatory Commission (ERC) said it will opt for "rate flexibility" in the power supply agreements (PSAs) that distribution utilities (DUs) will be underwriting with generation companies (GenCos), once they win capacities in the conduct of competitive selection process (CSP) by the power...
The Department of Energy (DOE) is seriously weighing policy on the retirement of ageing power plants, primarily the coal-fired electric generating facilities, to ensure their capacity could be replaced with nuclear technology in the country’s future generation mix. According to Michael O....
The 15-year license extension of the Malampaya gas field project being sought by Prime Energy of the Razon group is now under review by the Office of President Ferdinand Marcos, Jr, according to the Department of Energy (DOE). In a statement to the media, Tuesday, Feb. 14, the DOE stated that it...
A laser focus attention of the Department of Energy (DOE) for immediate 500-megawatt power capacity addition is being sought by prospective investors in data centers and the hyperscale computing firms if the Philippines would not want to waste multi-billion dollar worth of investments from the...
Consumers’ financial bliss will continue next week and less worry on the pockets for those celebrating the love month, as oil prices will be on sustained rollback at hefty cuts primarily for diesel and kerosene products, according to the oil companies. Based on the industry players’ estimates,...
Israeli firm Ratio Petroleum has reported to the Department of Energy that has identified at least two petroleum plays that it could elevate for further survey and prospectively drilling - that in turn may lead to potential oil and gas discovery to help advance the country’s energy security...
The Department of Energy (DOE) disclosed that China has firmed up its proposed government-to-government (G-to-G) cooperation on nuclear power technology development with the Philippines amid the extension of the Philippine Energy Plan coverage by 10 years taking into account the integration of...
Malampaya gasfield operator Prime Energy, a subsidiary of Razon-led Prime Infrastructure Capital Inc., is eyeing to extract fresh volume of additional gas by 2026 if the government will approve the firm’s application for 15-year license extension. At the PowerTrends forum, Wednesday, Feb. 8,...
