The oil companies rolled back diesel prices by P0.25 per liter; and kerosene products by P0.15 per liter, based on the announcements of the oil companies. For gasoline, the industry players have not moved prices although in the earlier calculation of some companies, there should have been a...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is pursuing the collection of more than P33 billion worth of arrears from its contracted customers for power supply. The bulk of the receivables, according to...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has apprised the Senate Committee on Energy that its liabilities had been trimmed by P29 billion as of June this year to P393.3 billion from a heftier scale of P422 billion as of end-December 2019. During the budget...
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...
Lopez-led FGEN LNG Corporation will conclude by the middle of next month the bid process for its planned chartering of a floating storage regasification unit (FSRU) to serve as its interim facility on targeted importation of liquefied natural gas (LNG) starting year 2022. Jonathan C. Russell,...
Lopez-owned First Gen Hydro Power Corporation (First Gen Hydro) has pledged P33 million worth of donation to its host-community for the completion of a water supply and distribution system project in Pantabangan, Nueva Ecija. The donation, was formalized through a virtual memorandum of agreement...
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...
Filipino motorists filling up their vehicles with gasoline products will generate savings this week as the price of this commodity will be down by P0.25 per liter this week. Conversely, the price of diesel products at domestic pumps will increase by P0.25 per liter; and it is the same case for...
The Energy Regulatory Commission (ERC) was urged to undertake virtual public consultations on its “no disconnection policy” for the power industry, so consumers and the distribution utilities (DUs) would not keep guessing how this particular rule would be enforced....
State-run Philippine National Oil Company (PNOC) has inked a deal with American firm New Fortress Energy LLC (NFE) for the setting up of liquefied natural gas (LNG) installation in the country. In a statement to the media, the Department of Energy (DOE) qualified that the memorandum of...
The forthcoming maintenance schedule of the Malampaya gas production facility next month is expected to trigger hikes in the electricity bills that will be dispatched to Filipino consumers around Christmas time. The Malampaya gas field uses an innovative and sustainable deepwater technology for...
With forecasts of hiked budget deficits until next year, Senate Committee on Energy Chairman Sherwin T. Gatchalian forthrightly stated that the Philippine government has no money to buy the 45-percent stake being unloaded by Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya...
