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The Department of Energy (DOE) said it is looking to have at least five petroleum wells drilled within the West Philippine Sea (WPS) The department particularly said it is expecting the drilling...
The Udenna Group of Davao-based tycoon Dennis Uy defended subsidiary Malampaya Energy XP’s (MEXP) purchase of Shell Philippines Exploration B.V. (SPEX), saying it has the funds to operate the gas project. MEXP...
Dennis Uy-led Phoenix Petroleum said that it further increased its market share, based on data from the Department of Energy. As of May 25, the Davao-based oil firm holds 7.81% of the...
The Department of Energy (DOE) has admitted that it used an unaudited financial statement of Udenna Group unit UC38 LLC in approving the Dennis Uy-led firm’s acquisition of Chevron’s 45% stake in...
SMC Global Power Holdings (SMCGP), the power generating arm of San Miguel Corporation (SMC), is looking to build a 300-megawatt (MW) pumped-storage hydroelectric power plant in Malay, Aklan worth Php26.3 billion. In...
Sen. Risa Hontiveros has asked the Energy Regulatory Commission (ERC) to suspend the increase in power rates while the investigation on rotational blackouts is still ongoing, saying that the price hike is...
Four major power plants went 0n forced outages shaving 1,458 megawatts (MW), triggering a Yellow Alert in the Luzon Grid, the National Grid Corporation of the Philippines and the Department of Energy...
The Department of Energy (DOE) projects that electric vehicles (EVs) would comprise ten percent of the total registered vehicles in the country by 2040, as stated in the government’s Philippine Energy Plan....
SMC Global Power Holdings Corporation (SMCGP), the power generating arm of San Miguel Corporation (SMC), said it will be beefing up its investments in renewable energy (RE) in a bid to significantly...
The Department of Energy (DOE) said it would possibly lower the eligibility threshold for the retail competition and open access (RCOA) program, so that more customers would have the option of choosing...
