Despite robust outcome at its top line, the consolidated net income of leading oil player Petron Corporation posted a slight downturn in the first half to P6 billion from last year’s P6.14 billion in the same period. On the company’s operating income, this logged more favorable result with 8.0...
Motorists will have another week of just slightly happy drive to the pumps this week as the price of diesel products will be on rollback by marginal P0.20 per liter; while gasoline prices will be reduced by a token P0.10 per liter. Additionally, kerosene products will be slashed by relatively...
Representatives from various government agencies hold a meeting after the aerial and maritime surveys over Manila Bay on Aug. 3, 2024 to determine the extent of the oil spill from the sunken motor tanker (MTKR) Terranova. (Photo: Office of Civil Defense) Authorities conducted aerial and maritime...
Senate Majority Leader Francis Tolentino has filed a resolution directing the Senate Committee on Environment, Natural Resources, and Climate Change to conduct an inquiry in aid of legislation on the oil spill from MT Terra Nova in Limay, Bataan. Senate Majority Leader Francis ‘Tol’ Tolentino...
Financial reprieve on consumers’ pockets is expected to continue next week as another round of modest price rollback is projected by the oil companies – especially for diesel and kerosene products. Based on the calculation of the industry players, the price of diesel products will likely...
(NOEL PABALATE/MANILA BULLETIN FILE PHOTO) A Department of Social Welfare and Development (DSWD) executive on Thursday, Aug. 1 assured that the agency is ready to provide various support services to fisherfolk affected by the MT Terra Nova oil spill. In a media forum, DSWD-Program Management Bureau...
(University of the Philippines-Marine Science Institute Facebook page) The University of the Philippines-Marine Science Institute (UP-MSI) warned that the oil spill from the sunken MT Terra Nova in Bataan may soon extend to the coastal areas of Batangas, according to the latest analysis of the...
AGRI Party-list Rep. Wilbert T. Lee (Rep.Lee's office) AGRI Party-list Rep. Wilbert Lee is pushing for the creation of a government crisis management mechanism that shall oversee the containment of oil spills and the mitigation of its effects. This, as the...
Traces of oil spill are seen on the coast of Long Beach in Noveleta, Cavite on July 30 (Noel B. Pabalate/MANILA BULLETIN) CAVITE – The provincial government is declaring a state of calamity and establishing a no-catch zone in coastal areas affected by the oil spill from the sunken tanker...
House Speaker Martin Romualdez (Speaker’s office) Speaker Martin Romualdez has mobilized his colleagues in the House of Representatives to bring immediate aid to the thousands of fisherfolk affected by the oil spill in Manila Bay. “Hindi na natin...
The newly collected data from the completed seismic surveys of Israeli firm Ratio Petroleum and state-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) will enable a comprehensive assessment of the actual reserves’ potential for oil and gas at their service contracts in the...
MT Terranova sinks off Limay, Bataan on July 25, 2024 while carrying 1.4 million liters of industrial fuel oil. (Photo from Philippine Coast Guard) The Department of Health (DOH) warned about the serious health risks from an oil spill, urging the public to take immediate precautions and implement...
