Pilipinas Shell Petroleum Corporation (PSPC) has begun construction on its Darong Import Facility in Sta. Cruz, Davao Del Sur. With a rated capacity of 67 million liters of petroleum products, Shell said...
SMC Global Power Holdings, the power arm of San Miguel Corporation (SMC), will be investing in a 600-megawatt (MW) liquefied natural gas (LNG) power plant on Mactan Island in Cebu to provide...
The Management Association of the Philippines (MAP) has called on the government and the private sector to immediately adopt energy conservation to ensure ample power supply, especially in the next 30 days...
The Philippines has an estimated 178 gigawatts (GW) of potential offshore wind resources, the World Bank Group (WBG) and the Department of Energy (DOE) said in their “Offshore Wind Roadmap for the...
The National Grid Corporation of the Philippines (NGCP) will be allotting a capital expenditure of Php 160 billion until 2025 to fund various transmission projects in Metro Manila and nearby provinces. Based...
The country’s net oil imports drastically increased by 87.9% to $11.15 billion in 2021 from $5.93 billion in 2020, slightly beating that of pre-pandemic levels, based on data from the Department of...
Citicore Energy REIT Corporation (CREIT) registered a net income of Php226 million in 2021, a 117% increase from the Php104 million it recorded in 2020. The country’s first energy REIT recorded gross...
The Philippines’ estimated renewable energy (RE) capacity went up by nine percent to 7,617 megawatts (MW) in 2021 from 6,986MW in 2020, according to a report by the International Renewable Energy Agency...
Ayala-led ACEN has officially sold its oil-fired 32-megawatt Power Barge (PB) 103 docked in Lapu-Lapu City, Cebu to SPC Power Corporation for Php39.2 million, the two firms said in separate disclosures to...
The Department of Energy (DOE) has asked the Cabinet’s Security, Justice, and Peace Coordinating Cluster (SJPCC) to immediately allow the resumption of oil exploration activities in the West Philippine Sea (WPS). Acting...
