The continuing rally in prices in the world market will set off a fourth round of oil price hikes this month with oil companies calculating substantial P0.85 to P0.95 per liter uptick for diesel products and P0.55 to P0.65 per liter for gasoline. oil pumps photo For kerosene, this will also rise by...
Listed firm Phoenix Petroleum Philippines Inc. further expanded its market share to 8.3 percent in the first half this year from a leaner 7.1 percent last year, securing its stature as the third biggest player in the deregulated downstream oil industry in the country. Phoenix Petroleum Logo Citing...
The Department of Energy (DOE) has issued a new circular as the agency steps up monitoring of inventory flows of oil companies, as well as their compliance to industry rules and reportorial requirements. Department Circular No. DC2021-09-0029 has been issued by DOE to guide its actions when it...
The Department of Energy (DOE) is reviving plans for the creation of a government-run oil stockpile that will store both crude oil and finished petroleum products amid global oil prices hitting all-time high at $75 per barrel. DOE Logo The energy department is eyeing to concretize that plan via its...
A proposed legislative measure is pushing for a public-private partnership (PPP) investment model that shall be carried out in the development of waste-to-energy (WTE) facilities in the country. Win Gatchalian Photo2 Senate Committee on Energy Chairman Sherwin T. Gatchalian stated that Senate Bill...
The Department of Energy (DOE) has added two more firms in the expanding list of renewable energy (RE) suppliers that can directly offer their generated electricity to end-users under the ambit of the Green Energy Option Program (GEOP). The GEOP is a policy tool that will give consumers the...
Oil prices to rise again next week By Myrna M. Velasco Spikes in pump prices will continue to exert pressure on consumers’ pockets next week as prices of gasoline and diesel products are expected to rise by P0.75 to P0.85 per liter based on initial calculations by oil companies. The price of...
Senator Sherwin Gatchalian said he is upbeat there is still hope that the country can achieve total electrification of all households by 2022. This was after the Senate passed on third and final reading Senate Bill No. 1928 or the proposed Microgrid Systems Act on Monday, September 13. The bill...
One of the ‘unaccomplished’ promises of the Duterte administration is full electrification of all households in the country, but that goal can be hastened with the deployment of micro-grid systems, especially in isolated communities and far-flung areas, according to Senate Committee on Energy...
Energy sales of Aboitiz Power Corporation got a boost of 40 megawatts (MW) following the signing of a new power supply agreement (PSA) with Pampanga Electric Cooperative II (PELCO II), the latest customer it cornered for its ‘Cleanergy’ brand. Aboitiz Power Logo In a statement to the media,...
In a tripartite deal it inked with the Department of Energy (DOE) and the Department of Human Settlements and Urban Development (DHSUD), the Energy Regulatory Commission (ERC) is reinforcing its support to the promotion of digital tools and green energy solutions for housing as well as community...
Malampaya operator Shell Philippines Exploration B.V. (SPEX) was ordered by the Department of Energy (DOE) to explain the four-day fuel supply disruption to the country’s gas-fired power plants which triggered their shift to more expensive liquid fuels and de-rating of their generation capacity....
