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...
The Department of Energy (DOE) is reviving plans for the creation of a government-run oil stockpile that will store both crude oil and finished petroleum products amid global oil prices hitting all-time high at $75 per barrel. DOE Logo The energy department is eyeing to concretize that plan via its...
A proposed legislative measure is pushing for a public-private partnership (PPP) investment model that shall be carried out in the development of waste-to-energy (WTE) facilities in the country. Win Gatchalian Photo2 Senate Committee on Energy Chairman Sherwin T. Gatchalian stated that Senate Bill...
The Department of Energy (DOE) has added two more firms in the expanding list of renewable energy (RE) suppliers that can directly offer their generated electricity to end-users under the ambit of the Green Energy Option Program (GEOP). The GEOP is a policy tool that will give consumers the...
