Photo credit: Malampaya gas field  Fitch Solutions said the Philippines’ gas consumption outlook remains bullish but the administration’s aggressive push for renewable energy (RE) poses downside risks to natural gas consumption in the power sector. In a commentary released to the media on Wednesday, Fitch Solutions said the country’s gas consumption...

Photo: (seated from left) Senator Mark Villar, House Speaker Martin Romualdez, Former President Gloria Macapagal-Arroyo, Philippine President Ferdinand R. Marcos Jr., Department of Trade and Industry Secretary Alfredo Pascual, Special Assistant to the President Antonio Lagdameo Jr., together with AboitizPower Chairman Sabin Aboitiz and JERA President Sato...

Photo: (Seated, L-R) Senator Mark Villar, House Speaker Martin Romualdez, Senior Deputy Speaker and Former President Gloria Macapagal-Arroyo, Philippine President Ferdinand R. Marcos Jr., Department of Trade and Industry Secretary Alfredo Pascual, Special Assistant to the President Antonio Lagdameo Jr., and Philippine Ambassador-designate to Japan Mylene ...

Photo credit: Ratio Petroleum The Department of Energy (DOE) bared Thursday that Israeli firm Ratio Petroleum, the operator of Service Contract (SC) 76, has found prospective oil and gas deposits in the north part of East Palawan Basin as a result of its exploration within the block. “Ratio Petroleum, the operator of SC No. 76, has identified two po...

As the government turns aggressive in luring renewable energy investments, Citicore Renewable Energy Corp. (CREC) is ramping up its solar energy targets for the next five years. The firm plans to launch 5,000 megawatts (MW) of solar power projects in the next five years from its initial target of 1,500 MV for the same period because of the country’s gr...

Photo credit: DOE The Department of Energy (DOE) said on Friday that it issued a notice to proceed (NTP) for the UD67-million liquefied natural gas (LNG) terminal project of Samat LNG Corp. in Barangay Sisiman in Mariveles, Bataan to supply the country's increasing power demand. The DOE said Secretary Raphael Lotilla signed the NTP in favor of Samat...

Photo credit: Department of Foreign Affairs Facebook Page The Department of Foreign Affairs (DFA) on Thursday said it is in the process of setting the parameters which would guide future negotiations on oil and gas. In a message to reporters, the DFA disclosed that it is carefully studying the Supreme Court decision on the Joint Marine Seismic Under...

Photo: Senator Sherwin Gatchalian Senator Sherwin Gatchalian emphasized on Friday that the possibility of a joint oil exploration between China and the Philippines in the West Philippine Sea (WPS) would only materialize if the east Asian country recognizes the Philippine Constitution. "Our Constitution should be the enabling document, and that's our...

Chinese President Xi Jinping and President Ferdinand R. Marcos Jr. (File photo courtesy of Bongbong Marcos Facebook page) The Philippine and Chinese governments have agreed to resume talks on oil and gas exploration in the South China Sea at an "early date" following the bilateral summit between President Ferdinand R. Marcos Jr. and Chinese President X...

Photo credit: Department of Public Works and Highways Filipino and Japanese experts are working to better prepare the Philippines from threats of climate change by discussing strategies on how to mitigate the adverse effects of flooding. The Department of Public Works and Highways (DPWH), through its Unified Project Management Office – Flood Control...

President Ferdinand R. Marcos Jr. on Thursday expressed readiness to partner with China for possible joint oil exploration in the West Philippine Sea (WPS). In a media interview in Quezon City, Marcos broached the idea of exploring other ways to ensure the immediate development of oil and gas resources in the contested waters. Marcos made the remark...

Photo: Philippine Nuclear Research Institute Director Carlo Arcilla. Credit: Philippine News Agency The Philippines is open to nuclear energy negotiations with other countries aside from the United States, an official of the Philippine Nuclear Research Institute (PNRI) said Tuesday. Currently, the country is in discussion with the US for the 123 Agr...

Most industries are dependent on fossil fuels to operate. However, in response to climate change, there is a global trend that encourages countries to join in the energy transition of using green technologies. While in theory, this strategy looks promising and feasible. However, in some countries, like in the Philippines, this is a major challenge. Thi...

Photo: President Ferdinand R. Marcos Jr. presides over a meeting with Department of Energy officials at Malacañan Palace in Manila on Wednesday (Nov. 19, 2022). They discussed "immediate and medium-term" plans to improve the energy sector. (Photo courtesy of OP) President Ferdinand R. Marcos Jr. has given his nod to the Department of Energy's plan to e...

Photo credit: BusinessWorld The House Committee on Energy on Thursday formed a technical working group (TWG) to discuss the proposal to pursue the development of the country's natural gas industry, which is a legislative priority of President Ferdinand R. Marcos Jr. In his opening remarks, committee chair and Marinduque Rep. Lord Allan Velasco said ...

“Although there is a seen decrease in the bilateral trade between Germany and the Philippines when comparing the first half of 2022 and 2021 data, it remains to be a major contributor to the latter's trade relations with the EU.” (from GPCCI Market Watch) A quick look at the future: The Philippines is expected to join the free trade agreement -- ...