The Department of Energy (DOE) has asked oil companies to provide 10 to 20 percent fuel price discount to shipping vessels, primarily those sailing to the West Philippine Sea, for fishing purposes. Department of Energy (DoE) (MANILA BULLETIN) In addition, the department is seeking the support 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...
Davao businessman Dennis A. Uy will be paying colossal $1.025 billion for the 90 percent stake in the Malampaya project, which gas production is expected to start depleting next year. Udenna Corporation's UC 38 LLC first paid $565 million for the 45-percent shareholdings of American giant Chevron...
The recurring gas production restriction from the Malampaya field will de-rate anew the electricity generation of the 1,200-megawatt Ilijan gas-fired power facility in Batangas, one of the biggest power plants in the country. In an advisory sent by state-run National Power Corporation to plant...
Despite stifled demand because of the re-imposition of enhanced community quarantine (ECQ) in the so-called NCR plus bubble, prices in the Wholesale Electricity Spot Market (WESM) have been hitting record-spikes in recent trading days because of the combined impact of simultaneous power plant...
Diversified conglomerate San Miguel Corporation (SMC) has decided not to submit a tender for the 45-percent stake in the multi-billion Malampaya gas field venture that is currently being unloaded by Shell Philippines Exploration B.V. (SPEX), the operator of the facility which is a subsidiary-firm...
A consortium led by Hong kong-based First Pacific Company Limited of businessman Manuel V. Pangilinan has submitted last week its “final non-binding offer” to acquire the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the multi-billion dollar Malampaya deep water gas-to-power...
Shell Philippines Exploration B.V., the operator of the multi-billion Malampaya gas field project, bagged anew the Philippine Extractive Industries Transparency Initiative (PH-EITI) Award for “excellence in reporting’ under the oil and gas category. That recognition had been bestowed on SPEX...
The gas output of the Malampaya field was significantly down last year to 107.902 billion standard cubic feet (bscf) from an all-time high of 155.495 bscf in 2019 - and that was mainly attributed to demand crash because of slowdown in economic activity triggered by the Covid-19 pandemic. According...
Year-ender Today, I give you pain. Tomorrow, who knows? For industry players in the energy sector, that’s their tale of woe this year given decimated top and bottom lines with demand crash on energy commodities. Onward, uncertainties hold sway. At the height of the lockdown period in March-May,...
The remaining potential yield of the Malampaya gas production facility could go as high as 1.6 trillion cubic feet (TCF), or half of the current capacity of the field that is now being funneled for the requirements of more than 3,200 megawatts of gas-fired power capacities in the country. That has...
The Malampaya deep water gas-to-power project had already turned in P311 billion worth of revenues to the Philippine government since the start of its commercial operations, according to Senate Committee on Energy Chairman Sherwin T. Gatchalian. Senator Sherwin Gatchalian (MANILA BULLETIN FILE...
