The Department of Energy (DOE) said the 20-day Malampaya preventive maintenance shutdown scheduled in October this year will spark higher rate hikes toward the close of the year. Energy Secretary Alfonso G. Cusi stated the higher electric bills to be paid by consumers will be mainly triggered “by...
The Department of Energy (DOE) is being urged to exercise ‘utmost transparency’ on its anticipated approval of the 45-percent Malampaya equity divestment of Shell Philippines Exploration B.V. (SPEX) to Malampaya Energy XP Pte. Lt., a subsidiary of Udenna Corporation owned by businessman Dennis...
Malampaya gas turbine Malampaya gas fields are in danger of being completely depleted as early as next year and will pose energy problems in time for next year’s political exercise. House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate revealed this information allegedly coming...
As gas restriction predicament at the Malampaya field recurred on Monday (June 21), the country’s gas plants have been adversely impacted anew on their electricity generation and that prompted either de-rating of their capacity or they needed to shift to condensate fuel. According to sources, the...
As a ‘blackout legacy’ of the Duterte administration is getting up close and personal, the Department of Energy (DOE) is finally calling on all industry stakeholders to sort out comprehensive solutions to the imminent energy crisis. As a priority matter though, the energy department is being...
Conservation efforts must go on despite the COVID-19 pandemic, particularly in the Philippines whose biodiversity makes it not only one of the richest, but also one of the most vulnerable in the world. One of only 17 megadiverse countries worldwide, the Philippines is rich in natural resources and...
Four major foreign banks will finance businessman Dennis Uy’s $460 million acquisition of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field facility. Highly placed sources from Singapore...
As the Department of Energy (DOE) is not really keen on fixing the country’s power supply problems, Luzon grid may brace for another ‘perfect storm’ that could lead to brownouts and rate hikes with the scheduled 20-day turnaround shutdown of the Malampaya gas field in October this year. The...
The gas output restriction of the Malampaya field was finally lifted on Monday (June 14) and that could help Luzon grid supply to chill for the meantime because that could add capacity generation, according to industry stakeholders. The Department of Energy (DOE) confirmed the resolution of...
The Department of Energy (DOE) will convene the relevant stakeholders in the gas sector, so it can finally ferret out definitive solution to the lingering gas production restriction at the Malampaya field. DOE Director Mario Marasigan admitted that until this time, there are no concrete...
With the triple impact of increasing demand due to scorching weather as well as wider economic reopening, relentless outages in power plants and restriction of gas fuel from the Malampaya field, consumers will need to brace for higher electric bills again in their June bills. According to Manila...
Uy-led firm Phoenix Petroleum Philippines Inc. has denied interest to buy the ‘banked gas’ of state-run Philippine National Oil Company (PNOC) that shall be extracted from the Malampaya field. It was no less than PNOC President and CEO Reuben S. Lista who indicated that Phoenix Petroleum is...
