Prime Energy Resources Development NV is moving to solidify the future of the Philippines’ most critical energy asset by initiating data reviews for a new exploration well that could further extend the lifespan of the Malampaya gas field. In a briefing on Tuesday, April 14, Donnabel Kuizon-Cruz,...
President Marcos has called for a unified regional response to the ongoing energy crisis, warning that no country in Asia can withstand global supply shocks alone. Speaking at the Asia Zero Emission Community (AZEC) Plus Online Summit, Marcos said the current crisis has exposed shared...
Repower Energy Development Corp. (REDC) reported more than twofold increase in profit as the hydropower operator reaped the benefits of new capacity and the deployment of capital raised from its stock market debut. In a disclosure to the Philippine Stock Exchange on Wednesday, April 15, the...
The Bureau of Customs (BOC) is fast-tracking shipments of essential goods to prevent additional costs under a state of national energy emergency. Responding to an April 8 Presidential directive from the Office of the Executive Secretary (ES), Customs Commissioner Ariel F. Nepomuceno mobilized all...
President Ferdinand Marcos Jr.’s economic team said Filipino consumers are unlikely to see meaningful relief from the suspension of excise taxes on gasoline and diesel, as any reduction in pump prices would be minimal and likely offset by prevailing market forces. This was the Cabinet-level...
Renewable energy (RE) is now the name of the game following Malacañang 's declaration of a national energy emergency. In this regard, Camarines Sur 5th district Rep Migz Villafuerte has highlighted two solar-powered irrigation projects in his province that are seen to benefit 1,854 farmers...
Foreign ministers of the Association of Southeast Asian Nations (ASEAN) on Monday, April 13, urged sustained diplomacy and restraint following recent developments in the Middle East, while welcoming a temporary ceasefire between the United States and Iran. Department of Foreign Affairs (DFA)...
Noting that time is of the essence, senators on Monday, April 13, questioned why the Department of Foreign Affairs (DFA) has to seek the United States’ permission to import oil from Russia and delay the delivery of oil supply in the country. Sen. Sherwin Gatchalian, chairman of the Senate...
Malacañang said the government has yet to revisit plans on nuclear energy even as the country faces rising fuel prices driven by global tensions. In her press briefing on Monday, April 13, Presidential Communications Office (PCO) Undersecretary Claire Castro said there are currently no discussions...
Citicore Renewable Energy Corp. (CREC) continues to expand its footprint in northern Luzon with the successful energization of its 125-megawatt-peak (MWp) solar power plant in Pangasinan province. In a statement on Monday, April 13, CREC announced that the Citicore Solar Pangasinan (CS Pangasinan)...
SPEAKING OUT The energy crisis is no longer an abstract policy debate—it is the rising cost in our bills, the strain on our transport, and the uncertainty in our future. For Juan and Maria, conserving energy is not just about saving pesos; it is about safeguarding the nation’s resilience. We...
Any potential resumption of discussion on oil agreement with China or other countries will be firmly anchored on Philippine sovereignty and in full compliance with the Constitution and existing laws, the Department of Foreign Affairs (DFA) said. In a statement on Sunday, April 12, the DFA said that...
