Oil prices are expected to rise again by the first week of November as growing seasonal demand meets tightened global supply due to ongoing sanctions. Based on the four-day trading average of Mean of Platts Singapore (MOPS), gasoline could climb at around ₱1.2 to ₱1.7 per liter, while diesel...
Manuel V. Pangilinan-led PXP Energy Corp. plans to expand its exploration footprint in the Northwest Palawan basin, anticipating the award of two additional service contracts (SCs) as it seeks to boost its reserves amid widening losses. In a disclosure to the Philippine Stock Exchange on Thursday,...
SP New Energy Corp. (SPNEC) founder Leandro Leviste has sold another 10.83 billion shares in SPNEC to Manila Electric Co. (Meralco) for ₱13.76 billion, marking the completion of a previously announced sale of the Batangas representative’s stake in the solar power company. Leviste said in a...
Yuchengco-led Rizal Green Energy Corp. (RGEC) is awaiting final approval from the National Grid Corporation of the Philippines (NGCP) before its 40 megawatt-peak (MWp) solar project in San Pablo, Isabela, can begin providing power supply to the Luzon grid. In a Philippine Stock Exchange disclosure...
Singapore — The Department of Energy (DOE) is poised to sign an implementation agreement with Singapore next year to advance a transition credits mechanism aimed at phasing out coal-fired power plants. Energy Secretary Sharon Garin met with Singapore’s minister-in-charge of energy and science...
There may be no radiation leaks seeping into the country’s power system yet, but it seems the policymaking core of the Department of Energy (DOE) is already 'overheating ' and treading halfway into a meltdown. The DOE’s newly issued Circular (No. 2025-10-0019) reads like an incentive...
CEBU CITY – Another round of public hearing was conducted as part of efforts to allay fears over the planned construction of a waste-to-energy (WTE) facility in Barangay Guba here. Officials from various government agencies attended the public hearing at the barangay gymnasium on Friday, Oct. 24....
After a short break from rising costs, motorists should get ready for another jump in oil prices next week, as new global problems and sanctions on Russian oil push up the cost of crude. Based on the four-day trading average of Mean of Platts Singapore (MOPS), diesel could get an increase of around...
The Department of Energy (DOE) plans to look into the stalled deal between state-run Maharlika Investment Corp. (MIC) and Synergy Grid & Development Philippines, Inc. (SGP), as the transaction documents have remained unclosed for more than 90 days since they signed a binding offer. During a Senate...
Basic Energy Corp. 's (BEC) subsidiary has partnered with Ayala-led ACMobility to co-develop electric vehicle (EV) charging stations and integrate them into a mobile application system, supporting the country’s growing EV adoption. In a disclosure to the Philippine Stock Exchange on...
The Department of Energy (DOE) has significantly increased the financial benefits for host communities of energy projects, aiming to ensure they share more substantially in the gains of energy development. In a statement on Wednesday, Oct. 22, the Department of Energy (DOE) announced the increase...
Dexter Tiu’s Pure Energy Group is undertaking a ₱99.7 million mandatory tender offer to acquire all the shares of Coal Asia Holdings Inc. held by minority shareholders after buying 71.6 percent of the company from its principal owners. A Share Purchase Agreement was signed among Coal Asia’s...
