State-run Philippine National Oil Company (PNOC) has penciled in up to P5.0 billion worth of capital outlay for the repurposing of its Energy Supply Base (ESB) port facility in Mabini, Batangas, so it could be lined up for the logistics needs as well as to underpin support services to the thriving...
Santa’s slick surprise will also manifest at the oil pumps this week as the price of diesel products will be on rollback by a significant P1.85 per liter; while gasoline prices will be trimmed by P1.60 per liter, based on the price adjustment announcements of the oil companies. The industry...
It’s feeling a lot more like Christmas for consumers, and one of their early gifts will be big-time rollback at the pumps next week, based on the calculation of the oil companies. According to the industry players, the price of diesel will have sizeable reduction of P1.65 to P2.05 per liter;...
Motorists using gasoline in their vehicles will need to shell out extra cash in their fuel budgets this week as the price of this commodity will increase by P0.30 per liter, according to the pricing advisory of the oil companies. Conversely, diesel users will experience slight relief in their...
Consumers will have mixed emotions on their drive to the petroleum stations this week as the price of diesel will be on rollback; but for those filling up gasoline in their vehicles, they have to brace for marginal increase in their fuel purchases, based on the calculation of the oil companies....
A forbidding ‘moment of truth’ will confront the oil and gas industry at the 28th Conference of the Parties (COP28) Climate Change Summit in Dubai, as this is the main sector being pressed for radical reduction in carbon emissions so it can keep pace with the 1.5 °C global temperature rise...
The firms comprising the Malampaya consortium are already preparing for fresh round of ‘capital expenditures call’ to bankroll their committed drilling of 2-3 wells as one of the major conditions in their 15-year contract extension, according to Energy Secretary Raphael P.M. Lotilla. “The...
Motorists using diesel in their vehicles are up for a slight pinch in their wallets this week as the price of this commodity will rise by P0.30 per liter, based on the pricing advisory of the oil companies. The other product that will experience upward adjustment of P0.65 per liter this week will...
There will be mixed bag of price adjustments at the pumps next week, although the cost swings will just be very marginal, according to the estimates of the oil companies. As projected by the industry players, the price of gasoline products may not change or there would be very marginal rollback of...
Leading oil firm Petron Corporation has been ranked consistent topnotcher in the country’s fuel marking program that is being enforced by the Bureau of Customs (BoC) to potently curb smuggling in the downstream oil sector. As reported by the Customs bureau, Petron rated highest in the fuel...
“We’ve got the POWER" will soon roar as a confident declaration of industry and government collaboration. The trailblazing initiative that is already gaining traction among serious investors and industry players is the institutionalization of the Pilipinas Offshore Wind Energy Resource...
Motorists filling up their vehicles with gasoline products can benefit from higher price cuts of P0.75 per liter at the pumps this week, based on the price reduction advisory of the oil firms. Similarly, the price of diesel products will be trimmed by P0.65 per liter; while kerosene prices will be...
