Energy Secretary Alfonso G. Cusi defended the seemingly ‘negligible’ $50 million capital requirement for foreign firms entering the Philippine geothermal sector saying the figure was the scale determined by the government for prospective investment areas on offer....
Taxation is not causing oil refiners to go out of business, the Duterte administration’s chief economic managers maintained. Finance Secretary Carlos G. Dominguez III...
The Philippine government has directed Pangilinan-led PXP Energy Corporation to go ahead with its programmed seismic survey and well drilling at the Recto Bank even without securing first the concurrence of China National Offshore Oil Corporation (CNOOC) or that of the Chinese government. Energy...
Consumers’ pockets will experience heftier cash relief next week as oil prices are anticipated to be on a substantial rollback of P0.75 to P0.90 per liter for gasoline; and P0.80 to P0.90 per liter for diesel. MB file photo. (Mark Balmores) For kerosene, the price of this commodity is also...
The Department of Energy (DOE), through its Task Force on Energy Resiliency (TFER), has mobilized the country’s power firms so probable power interruptions or blackout impact of tropical storm ‘Pepito” could be eased if not totally avoided in various parts of the country. Energy Secretary...
Pangilinan-led firm PXP Energy Corporation indicated that it already received formally the ‘resume-to-work’ notice form the Department of Energy (DOE), allowing it to recommence extended seismic survey and exploration activities at its Service Contract (SC) 72 within the Recto Bank area along...
The Senate committee on energy is filing a legislative measure that will re-frame the investment function of state-run Philippine National Oil Company (PNOC), so it can concentrate its activities on oil and gas exploration ventures. Senator Sherwin Gatchalian (MANILA BULLETIN FILE PHOTO) “We’re...
To allow the entry of investors in the upstream petroleum sector, primarily China National Offshore Oil Corporation (CNOOC), President Rodrigo Duterte has already lifted the moratorium on seismic as well as oil and gas drilling activities at the West Philippine Sea (WPS), a disputed territory....
Consumers will have to brace for mixed adjustments on pump prices next week, with diesel prices seen rising by P0.35 to P0.45 per liter; while gasoline will be on rollback of P0.10 to P0.20 per liter. Kerosene, which is another commodity utilized in some Filipino households and also for key...
The Department of Energy (DOE) is currently reviewing and processing at least 39 new projects that have applied for certificates of energy projects of national significance (CEPNS) so they can be extended streamlined processes in their permitting and licensing requirements....
Unearthed , oil on canvas, 2019 At its surface, Randalf Dilla ’s ongoing show at the Art Cube Gallery, “Exquisite Derangements,” seems to celebrate the connection between the artist and his audience. Through meticulously rendered hyper-realistic pieces—a signature of Dilla—the exhibition...
The price of gasoline products at the pumps will go up by P0.20 per liter starting this morning; and diesel by P0.05 per liter, according to the advisories sent by the oil companies. The other key fuel commodity kerosene will also be increased by P0.45 per liter; and it will have the biggest...
