‘Nuclear renaissance’ is undoubtedly gaining traction and sweeping policy agendas for global energy markets, with the likes Germany opting to decommission nuclear fleets; while others are integrating this technology in the revolution of their future energy mix. The Philippines, too, is toying...
After 11 weeks of ascend for petroleum products to be lined up as ‘luxury goods’ that ordinary Filipino consumers can no longer afford, pump prices will finally be on significant rollbacks next week. In the calculation of the oil companies based on the outcome of five-day trading in the world...
With the approval granted by the Department of Energy (DOE) on its bid for force majeure declaration at its prospect area, Ayala-led ACE Enexor Inc. will be moving to April next year its targeted well drilling at its petroleum block in southwest Palawan basin. “The drilling of the appraisal well...
Malacañang on Wednesday, March 16, said the proposal for a four-day workweek and the extension of the work from home (WFH) arrangements are still being considered by President Duterte. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) In a virtual Palace briefing, Presidential Communications...
Filipino consumers will need to swallow a ‘very bitter pill’ when it comes to their fuel expenses this week, as the price of diesel products will be on historic astronomical rise of P13.15 per liter, as announced by the oil companies. Gasoline prices will also be increased by P7.10 per liter,...
With oil price adjustments surging higher than projected, the Department of Energy (DOE) has summoned the oil companies to explain the ‘excess’ in cost escalations that they will be reflecting at the pumps by Tuesday, March 15. Energy Secretary Alfonso G. Cusi stated ‘we are asking the oil...
Filipino consumers will brace for a "crucifying" historic "price shocks" next week as diesel prices will surge by P11.75 to P11.95 per liter while gasoline prices will equally be on astronomical rise of P7.10 to P7.30 per liter for RON95 gasoline; and P6.85 to P7.00 per liter for RON92 gasoline....
The United States government has formally inked a memorandum of understanding (MOU) with the Philippine Department of Energy (DOE) that will strengthen "strategic civil nuclear cooperation" between the two countries amid fear of ensuing nuclear war as Ukraine and Russia, both nuclear power hosts,...
Senator Sherwin Gatchalian on Friday urged the National Electrification Administration (NEA) and the Department of Energy (DOE) to recall NEA’s most recent memoranda in appointing general managers (GMs) of electric cooperatives (ECs) saying that agency violated the law as it went beyond its...
Human rights lawyer Chel Diokno is proposing an excise tax freeze on petroleum products in view of the soaring fuel prices that resulted from the Russia-Ukraine crisis. Human rights lawyer Chel Diokno (Photo from Diokno’s campaign team) Diokno, a senatorial aspirant, cited the law allowing the...
A former senior undersecretary of the Department of Energy (DOE) has been designated by President Rodrigo Duterte as President of state-run Philippine National Oil Company (PNOC). According to the DOE, former Energy Undersecretary Jesus Cristino Posadas officially took over as PNOC President since...
Senatorial candidate Herbert “Bistek” Bautista on Thursday reiterated his push for the government to buy back oil firm Petron, saying this would serve as a means to lower oil prices down when these tend to go out of control due to some factors. According to Bautista, he has information that the...
