The Department of Energy (DOE) said it stands firm on its approval of the sale of Chevron’s 45% stake in the Malampaya gas field to Dennis Uy’s Udenna Corporation. Speaking at a...
Surigao Del Sur Rep. Johnny Pimentel said two offshore gas drilling activities in the Recto Bank in the West Philippine Sea (WPS) must proceed as scheduled despite tensions with China, stating that...
Basic Energy Corporation has recently named Oscar Reyes and Reynaldo Gamboa as chairmen of Basic Renewables, Inc. (BRI) and Mabini Energy Corporation (MEC), respectively. Reyes was the former President and CEO of...
The Udenna unit that that bought Chevron’s 45% stake in the Malampaya gas-to-power project is foreign-owned, according to retired Supreme Court Senior Associate Justice Antonio Carpio. In an interview with the ABS-CBN...
The Department of Energy (DOE) called out the Integrated Bar of the Philippines’ (IBP) for its “sweeping” statement demanding the revocation of the agency’s approval of Udenna Corporation’s purchase of Chevron’s 45%...
Senate energy committee chairman Sherwin Gatchalian is set to file the renewable energy (RE) transition bill that aims to step up RE projects in the country. Speaking at The Philippine Renewable Energy...
Sen. Sherwin Gatchalian said the Senate may request the Commission on Audit (COA) to do a full “fraud audit” on the Department of Energy (DOE) and attached agency Philippine National Oil Company...
The Wholesale Electricity Spot Market (WESM)’s average electricity prices drop to Php 5.20 per kilowatt-hour in November due to an increase of supply after the Malampaya natural gas field resumed operations. WESM’s...
Major news outlets in the Philippines have reported an anticipated oil price rollback on 30 November. Unioil, Pilipinas Shell Petroleum Corporation, Cleanfuel, Seaoil, PetroGazz, and Chevron have announced the rollback. ABS-CBN News...
In preparation for the privatization of the Casecnan, the Power Sector Assets and Liabilities Management Corporation is working on appraising the value of the 165-megawatt irrigation and power generation facility. Casecnan is...
