President Marcos has tasked government agencies to assess the oil spill impact from a sunken motor tanker off the coast of Limay, Bataan on Thursday, July 25. MT Terra Nova (Photo courtesy of Philipine Coast Guard) During a situation briefing on Thursday morning, Marcos particularly ordered...
Consumers will experience a mixed bag of adjustments at the pumps this week, as the price of diesel products will moderately roll back to P0.40 per liter, while gasoline prices will rise marginally to P0.10 per liter. For kerosene, it will also be in a favorable swing as the price of this commodity...
Pangilinan-led PXP Energy Corporation has formally secured the approval of the Department of Energy (DOE) for the relinquishment of its interest in a petroleum block in the Northwest Palawan basin that was previously awarded under Service Contract (SC) 74. “The DOE has approved the surrender of...
Motorists filling up their vehicles with diesel will be in a better place in their drive to the gas stations next week, as the price of this product is anticipated to be on a rollback of P0.25 to P0.55 per liter, based on the estimates of the industry players. The other fuel product that will have...
At least two port facilities that will support the development of offshore wind projects in the country are being proposed for inclusion in the General Appropriations Act (GAA) or the country’s national budget for next year. According to Energy Undersecretary Rowena Cristina L. Guevara, priority...
As the lingering warmth of summer gradually fades away, there's no better time to gather around the table and savor the comforting flavors of classic family recipes. From the kitchens of celebrity home cooks Richard Gomez and Marjorie Barretto, here are some delightful recipes—all made with Doña...
By MYRNA M. VELASCO Consumers can enjoy temporary relief in their pockets this week as the price of petroleum products will be on downtrend due to softening of prices in the world market. As announced by the oil firms, the price of diesel products will be on P0.95 per rollback; while gasoline...
BY MYRNA VELASCO Consumers can finally pull collective sigh of relief as pump prices are expected to be on significant rollback across products, based on the calculation of the oil companies. If reckoned on the four-day outcome of trading in the regional market, the estimated price cuts would be...
The Department of Energy (DOE) is eyeing to issue an amended Circular that will simplify the award of petroleum service contracts (PSCs) to interested investors in the country’s upstream oil and gas industry. In a draft Circular that was furnished to the relevant industry stakeholders, the energy...
It will not be a happy drive to the gas pumps this week, as fuel prices will rise again for the fourth week in a row, based on the pricing adjustment advisories of the oil companies. The oil firms announced that the price of gasoline products will increase by a hefty P1.60 per liter; while diesel...
The strain on consumers’ budgets will continue next week, especially with gasoline prices which are expected to rise heftily by P1.30 to P1.70 per liter, based on the calculation of the oil companies. For the other fuel commodities, diesel prices are projected to increase by P0.40 to P0.80 per...
Ayala-led ACEN Corporation has inked a contract with subsidiary ENEX Energy Corporation (ENEX) for the agreed shares subscription covering 177,544,011 non-voting preferred shares of the latter to be issued at a par value of P1.00 per share. According to ACEN, the shares will be issued from ENEX’s...
