The Department of Energy (DOE) has approved the proposal of Ayala-led ACE Enexor and joint venture partner Pryce Corporation consortium to commence drilling in the Service Contract (SC) 55 exploration block in...
PNOC-Exploration Corporation (PNOC-EC) is looking at the possibility of buying back Chevron’s shares, as well as acquiring a portion of Shell Philippines Exploration B.V’s (SPEX) stake in the Malampaya gas-to-power project, according...
With a historical price increase in oil products last Tuesday, consumers can expect a “massive” rollback next week due to a drop in global crude oil prices, the Department of Energy (DOE)...
The Department of Energy (DOE) has endorsed eight more power projects to the National Grid Corporation of the Philippines to undergo system impact studies (SIS), majority of them solar ventures. Based on...
The Department of Finance (DOF) is looking at a Php20.3 billion “war chest” that the national government could use for fuel subsidies to critical sectors, including public utility vehicles, farmers, and fishermen,...
The Philippines has formally signed a Memorandum of Understanding Concerning Strategic Civil Nuclear Cooperation (NCMOU) with the United States to explore the development of small modular reactors (SMRs) in island provinces. Energy...
Newly-installed Philippine National Oil Company (PNOC) President and CEO Jesus Cristino Posadas said he will tap the private sector to pursue the government-owned oil firm’s projects. In his speech, Posadas said these...
Pump prices may hit the Php100 per liter mark should conflict overseas continue, according to the Department of Energy (DOE). “So, pag tumataas pa nang tumaas ito, eh talagang papalo tayo doon,”...
Despite the ongoing conflict between Russia and Ukraine, the Department of Energy (DOE) said that the country’s nuclear power deals with Russia’s Rosatom State Atomic Energy Corporation would continue. “We don’t see...
In order to cushion soaring pump prices, the government doubled its budget for the Pantawid Pasada program to Php5 billion from the initial Php 2.5 billion. The first tranche of the subsidies...
