The liquefied natural gas (LNG) import facility of Atlantic, Gulf and Pacific Company Inc. (AG&P) will supply the fuel needs for electricity generation of the 1,200-megawatt Ilijan gas-fired power facility starting next year, according to the Department of Energy’s (DOE) Oil Industry...
The improvement in terms of economic activities brought by worldwide COVID-19 vaccination drives has prompted the recent oil price hike in the country, an official of the Department of Energy (DOE) explained Wednesday, Oct. 6. DOE Asec. Gerardo Erquiza said that as the "economy moves," the demand...
The Department of Energy is planning a cost subsidy to public transport sector to cushion impact on the most vulnerable as oil prices surged past $81 per barrel this week. Atty. Rino Abad, director of the DOE- Oil Industry Management Bureau (OIMB),said the government is currently exploring the...
Filipino motorists will bear the financial brunt of big-time price hikes for petroleum commodities this week as the retail costs of diesel and kerosene will go up by P2.05 per liter, as announced by the oil companies. Gasoline product prices, on the other hand, will also be higher by P1.45 per...
The European Chamber of Commerce of the Philippines (ECCP) and the Philippine Energy Independence Council (PEIC) have been reinforcing calls to step up the country’s energy self-sufficiency, albeit with caution that technology deployments must lean on cleaner resources to align such goal with the...
A 10-year ‘graduation plan’ on systematic reduction and eventual scrapping of subsidy in off-grid areas, or those jurisdictions not physically connected to the main power grids, is being pushed by the Department of Energy. In a draft circular, the DOE directed the National Transmission...
The Department of Energy (DoE) will be legally accountable if it will push through with the targeted ‘midnight deal’ for the license extension of the Malampaya gas field project, that in the process will primarily benefit Malampaya Energy XP Pte Ltd, a company of Davao businessman Dennis Uy. In...
Senator Sherwin Gatchalian has raised alarm over the possibility that the government is entering into a midnight deal to extend the service contract of the Malampaya project with the gas field operator Shell Philippines Exploration B.V. (SPEX) by finalizing the transfer of its participating...
A more generous 70:30 royalty sharing in favor of the government is coming forth as the tenor in negotiations on the proposed license extension for the Malampaya gas field project, which is due for turnover by yearend to buyer Malampaya Energy XP Pte Ltd of Davao businessman Dennis Uy. The...
The continuing rally in prices in the world market will set off a fourth round of oil price hikes this month with oil companies calculating substantial P0.85 to P0.95 per liter uptick for diesel products and P0.55 to P0.65 per liter for gasoline. oil pumps photo For kerosene, this will also rise by...
Listed firm Phoenix Petroleum Philippines Inc. further expanded its market share to 8.3 percent in the first half this year from a leaner 7.1 percent last year, securing its stature as the third biggest player in the deregulated downstream oil industry in the country. Phoenix Petroleum Logo Citing...
The Department of Energy (DOE) has issued a new circular as the agency steps up monitoring of inventory flows of oil companies, as well as their compliance to industry rules and reportorial requirements. Department Circular No. DC2021-09-0029 has been issued by DOE to guide its actions when it...
