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 Philippine Competition Commission (PCC) is compiling more evidence in its probe, as it tries to determine if power generation companies’ (gencos) colluded leading the Red Alerts and rotating brownouts in Luzon...
The Department of Energy’s (DOE) revised guidelines on accreditation of biofuels will help the country reduce its fuel consumption by 80 million liters while helping minimize greenhouse gas emissions, according to 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...
The Department of Energy (DOE) will “extensively review” a Udenna Group unit’s purchase of Chevron’s 45% stake in the Malampaya gas facility after the Senate questioned the sale of Shell’s 45% share...
Since a non-technical buyer is expected to take over the Malampaya gas-to-power project, Shell Philippines Exploration B.V. (SPEX) said that will undergo a “six-month transition operation” on the platform as part of...
Global firms Chevron Corporation and Royal Dutch Shell made over Php350 billion in revenues from the Malampaya gas-to-power project before their respective exits from the venture. Based on a Manila Bulletin report,...
Dennis Uy-led Udenna Group’s acquisitions of the Malampaya gas-to-power underwent intense scrutiny at the Senate’s hearing on Wednesday, with the Department of Energy (DOE) taking much of the heat. Senate energy committee...
