Billionaire Enrique K. Razon Jr. has tapped Sebastian C. Quiniones Jr., former managing director of Shell Philippines Exploration B.V. (SPEX), to become the general manager of his upstream oil and gas business under Prime Exploration Pte. Ltd. effective August 17 this year. Prime Exploration is the...
The Independent Electricity Market Operator of the Philippines (IEMOP), the operating entity of the Wholesale Electricity Spot Market (WESM), is planning to stop collecting market fees from trading participants if no coordination could still be established with the board of the Philippine...
A "coordinated policy-framing" approach with member-economies of the Association of Southeast Asian Nations (ASEAN) is being eyed by the Philippines on its targeted nuclear power development, including planned deployment of small modular reactor (SMR) technologies. Energy Secreary Raphael Perpetuo...
The Department of Energy (DOE) is studying prospects of opening up the renewable energy (RE) sector to 100 percent foreign ownership, primarily in the domain of solar and wind farm installations, for the manufacturing sector. Energy Secretary Raphael P.M. Lotilla raised this possibility as he...
Filipino consumers can continue to breathe a sigh of relief, however tiny the rollback maybe, on their weekly fuel budgets as pump prices are due to come down again by Tuesday, Aug. 16, based on the calculation of the oil companies. According to the industry players, diesel prices will be reduced...
The Department of Energy (DOE) will re-take "baby steps" and will push for "corrective policies" to entice fresh capital flow in the country’s upstream oil and gas sector, especially in areas not encumbered by territorial disputes. “I think we don’t even have to look far into the West...
The legislative lever of Congress is sought on the proposed revamping of the multi-tiered taxes in the power sector to reduce the pass-on tariff in the electric bills of consumers by as much as P1 per kilowatt hour. The power tax components being recommended for scrapping include those on public...
A California-based geoscientist believes that the mothballed Bataan Nuclear Power Plant (BNPP) can help solve the country's increasing energy demand while "meeting a low carbon diet". The Bataan Nuclear Power Plant (BNPP) is seen during a tour around the BNPP compound in Morong town, Bataan...
The Department of Energy (DOE) is prodded to submit to the Senate and make public the P266-million nuclear power development study, which results have been unavailable until now. In a public hearing, Senate Committee on Energy Chairman Raffy Tulfo has formally requested current Energy Secretary...
Department of Energy (DOE) Secretary Raphael Lotilla assured the Senate on Wednesday, Aug. 10 that the country currently has enough reserves for the next six months provided that there would be no major breakdowns of power plants. (Kai Gradert/ Unsplash) “But for the summer months, I have to tell...
If the Bataan Nuclear Power Plant (BNPP) can no longer function safely, then the Philippines must build a new nuclear plant. Negros Oriental 3rd district Rep. Arnolfo Teves Jr. (Facebook) This is the gist of House Bill (HB) No.2921 filed in the ongoing 19th Congress by Negros Oriental 3rd district...
Following dramatic plunge in international oil prices last week, Filipino motorists can enjoy continued reduction in prices at the pumps as gasoline product costs will be trimmed by P2.10 per liter, while diesel prices will be on rollback by P2.20 per liter effective Tuesday, Aug. 9. Oil companies...
