The Department of Energy (DOE) is seeking to revise the foreign investment negative list to reflect the opening of the renewable energy sector to full foreign ownership. In a report by the...
The Enrique Razon-led Prime Infrastructure Capital Inc. is lining up the drilling of three wells in order to extend the production life cycle of the Malampaya Gas Field. Prime Infra, who recently...
Citicore Energy REIT Corp. (CREIT) has posted a net income of Php 906.5 million for the first nine months of 2022, an eight-fold increase from the same period last year. “The REIT...
Foreign entities can now own 100% ownership in renewable energy projects, particularly for the wind and solar investment areas, as the Department of Energy (DOE) issues amendments in the implementing rules and...
The National Grid Corporation of the Philippines (NGCP) is looking to complete its Php 5.48 billion transmission line project supporting the growing power requirements of Boracay by 2024. In a report by...
Manila Electric Co. (MERALCO) will be scheduling another round of bidding for a 200-megawatt (MW) baseload power capacity sourced from renewable energy (RE) generating facilities. In a report by the Manila Bulletin,...
Pilipinas Shell has registered a Php 4.4 billion net income in the third quarter of 2022 amid challenges against inflation and the depreciation of Peso against US Dollar. The income was derived...
The Energy Regulatory Commission (ERC), together with the Department of Social and Welfare Development (DSWD) is set to review its list of marginalized customers who will benefit from the extended life rate...
The Department of Energy (DOE) is crafting an Executive Order (EO) that will establish a one-stop shop in order to strengthen and rationalize the regulatory framework for the immediate development of offshore...
President Ferdinand Marcos Jr. has approved the Department of Energy’s (DOE) proposal to explore and develop the country’s offshore wind potential as part of its efforts in ensuring energy security. Marcos met...
