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State-run Philippine National Oil Company (PNOC) has initially sounded off interest in the 45-percent shareholdings of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya gas field venture. PNOC President and CEO President Reuben S. Lista indicated that there was an initial...

The gnawing coronavirus pandemic we’re wrestling with puts in view the fragility of any country – the crisis stirred up extreme socio-economic conundrum that will push not just government leaders but also the citizens to re-think policies and life choices moving forward. In the Philippines, the...

The Department of Energy (DOE) is offering another petroleum block to interested investors, this time the prospect straddles offshore Cotabato basin in Mindanao. The block, according to the department, was nominated by an investor-group and it will be placed on a 60-day competitive challenge before...

To sort out pricing The Department of Energy (DOE) is pushing for new amendments to Republic Act 8479 or the Downstream Oil Industry Deregulation Act – and the specific agenda this time is to define “fair pricing adjustment” at the retail pumps. In a budget hearing in Congress, DOE Assistant...

The 414-megawatt San Gabriel gas-fired power plant of First Gen Corporation has been on forced outage due to ‘tripping’ or technical glitch, hence, its capacity is not being made available to the grid. “Unit 70 of the company’s 414MW San Gabriel combined cycle power plant tripped on...