Filipino motorists will gain massive financial relief this week as the price of gasoline will be on a hefty rollback of P2.40 per liter, while socially sensitive diesel products will be down by P2.65 per liter. With airline travels getting restricted again in many parts of the world because of the...
The Philippines is planning to invest P502 billion in the next two decades for its targeted gas reserves extraction of up to 4.0 trillion cubic feet (TCF) as a replacement to the depleting Malampaya field, according to the Department of Energy (DOE). DOE Undersecretary Felix William B. Fuentebella,...
Filipino motorists will experience huge relief next week with petroleum products at the pumps being anticipated to be on substantial rollbacks again based on calculations by oil companies. According to industry players, gasoline prices will be trimmed by P2.60 to P2.70 per liter while diesel will...
The Sy-led BDO Capital & Investment Corporation is opening its doors to financing scheme that will align its project funding portfolio with the proposed energy transition mechanism (ETM) towards the phaseout of coal-fired power plants in the country within a specified timeframe. In an Energy...
The Department of Energy (DOE) will explore the potential of mangrove sequestration in managing carbon dioxide (CO2) emissions in a bid to curb future impacts of climate change. Department of Energy Secretary Alfonso Cusi (File photo) The DOE said Wednesday, Dec. 1, that the move is in line with...
To pare the country’s carbon emissions without compromising energy security, the Department of Energy (DOE) is examining the feasibility of "mangrove sequestration" so carbon emissions of coal plants can be offset or managed. Energy Secretary Alfonso G. Cusi noted that while the department gives...
The financial affliction of the coronavirus pandemic, which triggered backlog in feed-in-tariff (FIT) payments to qualified renewable energy (RE) developers, is also seen to delay the reduction in subsidy costs for these clean energy technologies. According to Atty. Melvin Matibag, president of the...
The Department of Energy (DOE) indicated that it will reply to and would tackle all allegations on the sale of Malampaya shares in a proper forum, including in a fair trial that may be carried out in judicial bodies. In its response to the issues thrown by the Integrated Bar of the Philippines...
Gasoline products are being rolled back anew by P1.10 per liter while diesel prices will be trimmed by P0.60 per liter. Kerosene, which is the other commodity in the triumvirate of weekly price adjustments, will also have a price cut of P0.50 per liter, as announced by the oil companies. As of...
The Philippine Electricity Market Corporation (PEMC), which is the governing entity of the Wholesale Electricity Spot Market (WESM), has inked a deal with the United Nations Office for Project Services (UNOPS), for the relevant parties to concretize energy transition roadmap that will primarily be...
The Department of Energy (DOE) is seeking additional support from oil companies so they can chip into the “Pantawid Pasada program”, which subsidizes the fuel cost for the transport sector. The DOE initiative is on top of the P1-billion fuel subsidy released by the government to assist public...
The Integrated Bar of the Philippines (IBP) has asked the Department of Energy (DOE) to rescind the approval it granted to Udenna Corporation for the acquisition of the 45 percent shareholdings of Chevron Corporation in the multi-billion Malampaya deep water gas-to-power project. In a statement,...
