The Department of Energy (DOE) is being urged to bid out an operation and maintenance (O&M) agreement for the Malampaya project, so the gas field can continue operating without hitches beyond the expiration of its service contract in 2024. According to Senate Committee on Energy Chairman...
The Department of Energy (DOE) will be stepping up on its drive to entice investors into the country’s embryonic offshore wind project developments. 20611 The department is slating a ‘collaborative virtual workshop’ Tuesday, July 2, with relevant industry stakeholders and targeted investors,...
Malampaya gas facility buyer Udenna Corporation of businessman Dennis Uy has finally raised alarm bells that the field will already suffer from gas production shortfall starting next year and this could worsen the power crisis problems of the Philippines. “The country will surely be short of...
Electricity consumer group Power for People Coalition (P4P) has again criticized Department of Energy (DOE) Secretary Alfonso Cusi, who it described as more preoccupied with political intramurals than his supposed main function with the agency. DOE Secretary Alfonso Cusi (Ariel Fernandez/ MANILA...
The Department of Energy (DOE) is eyeing at least five petroleum wells to be drilled at the West Philippine Sea (WPS) following the government’s lifting of exploration moratorium in the disputed territory. The department indicated that it is expecting one well each to be drilled at service...
Consumer group Power for People Coalition (P4P) condemned Department of Energy (DOE) Secretary Alfonso Cusi's "preoccupation" with the leadership dispute in the PDP-Laban party while electricity rates remained high during his term. DOE Secretary Alfonso Cusi (Photo from DOE Facebook page) "As I...
The slight weakening of global oil demand recently will just trigger slight adjustments in pump prices next week amid pressure from the strengthening US dollar. 19872 Based on the calculation of the industry players, gasoline prices will likely be unchanged or it could redound to a price hike of...
The Department of Energy (DOE) has admitted that it used an unaudited financial statement of a subsidiary-company of Udenna Corporation as the government’s basis in evaluating the firm’s financial capacity as well as in approving the latter’s acquisition of the 45-percent stake of American...
The Singapore-incorporated Malampaya Energy XP Pte. Ltd., a subsidiary of Udenna Corporation of businessman Dennis Uy, which is buying the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field venture, has just US$100 (or P5,000) capitalization, as revealed in a...
Multinational giants Chevron Corporation and Royal Dutch Shell have pocketed over P350 billion in revenues from the Malampaya gas field project prior to their respective exits from the venture. As culled from government documents, the royalty share of the two foreign energy giants had been on top...
The Department of Energy (DOE) is scouting for investor-challengers in at least two coal operating contracts (COCs) that it tendered for specified blocks in Visayas and Mindanao. For the targeted Mindanao coal mine developments, the blocks on offer are those in Asturias in Jolo, Sulu; Carmen in...
The Department of Energy (DOE) is targeting 13 million metric tons per annum (mtpa) of liquefied natural gas (LNG) capacity that will be imported into the country via the various investments being proposed by private sector players. Jesus T. Tamang, director of the DOE’s Energy Policy and...
