The Department of Energy (DOE) is eyeing capital flow of roughly $30 billion for the targeted 40,000 megawatts of offshore wind farm projects to be installed in the country until mid-century. According to Senior Energy Undersecretary Felix William Fuentebella, the prospective scale of offshore wind...
For its combined portfolio in fuels and liquefied petroleum gas (LPG), Uy-led Phoenix Petroleum Philippines Inc. has retained its market standing as the third biggest player in the deregulated downstream oil sector last year. In a report released by the Department of Energy (DOE), it was shown that...
Oil companies will increase pump prices anew after Holy Week by P1.70 per liter for diesel and by P0.45 per liter for gasoline. The price of kerosene, a product which is typically used as a base fuel for aviation and a key commodity for some industries, will also increase by P0.45 per liter as...
The National Electrification Administration (NEA) has reconstituted its anti-corruption committee (NEA-ACC) as it escalates efforts in battling corrupt practices in the agency and the electric cooperatives (ECs) that it has been overseeing. The agency announced that its restructured anti-corruption...
The Department of Energy (DOE) and the World Bank Group will jointly unveil on Wednesday, April 20, a market study that will cement the roadmap for the targeted 178megawatts of offshore wind farm developments in the country. The new study will serve as a follow-through to the previous comprehensive...
Motorists filling up diesel on their vehicles will bear heavier financial pain this week, as this commodity is expected to rise by P1.40 to P1.60 per liter, based on calculation. Conversely, the price of gasoline will climb slightly by P0.25 to P0.45 per liter, while kerosene prices will also go up...
Renewable energy (RE) developers who will be awarded allocations under the Green Energy Auction Program (GEAP) of the Department of Energy (DOE) could be entitled to 20 years of cost recovery to reinforce the revenue stream of investors over a stretch of two decades. According to Energy Assistant...
Motorists filling up gasoline products in their vehicles will be in a better luck next week, as the price of this commodity along with kerosene, will be on another round of hefty rollbacks, based on the calculation of the oil companies. As culled from the outcome of five-day oil trading in the...
Presidential candidate Bongbong Marcos has underscored anew the Philippines' potential to become a major player in the wind power sector. Bangui windmills in Ilocos Norte (Photo from Wikimedia Commons) "We have the potential to be a major wind power producer in the world. Our unique topography is...
The government has signed a petroleum service contract on Wednesday, April 7, with SK Liguasan Oil and Gas Corporation (SKLOGC), officially signaling the latter’s entry for oil and gas exploration activities at Area 9 of the Liguasan marsh, located in the southern part of the Mindanao River...
All government agencies, including Malacanang, that will fail to comply with the mandated "energy savings" policy under the Government Energy Management Program (GEMP) of the Energy Efficiency and Conservation Act will be slapped with penalties, according to the Department of Energy. The DOE, which...
Manufacturing facilities in the country have been the "first movers" in signing up power supply agreements (PSAs) for 100 percent renewable energy (RE) for their electricity requirements. Initially, 17 contracts have already been registered by the Independent Electricity Market Operator of the...
