Photo credit: Department of Energy Cagayan de Oro City 2nd District Rep. Rufus Rodriguez on Wednesday urged the Department of Energy (DOE) to immediately allow exploration activities for its service contractor in Recto Bank for it to fulfill its contract obligations. “We understand that Forum Energy is raring to explore Recto Bank for gas and oil. W...

Photo credit: Senate of the Philippines Senator Win Gatchalian has filed a Senate resolution seeking to establish the oil and gas potential in the West Philippine Sea (WPS) to address the country’s import dependence for its energy requirements. The Senate inquiry is to push exploration, development, and utilization of such oil and gas reserves towar...

Photo: Nido Petroleum Company Logo Some USD72 million worth of investments are expected in the two drilling activities of Nido Petroleum Philippines Pty. Ltd. in northwest Palawan, an official of the Department of Energy (DOE) said Wednesday. In a virtual press conference, DOE Undersecretary Alessandro Sales said Nido aims to spend USD16 million eac...

The Department of Energy (DOE) has approved the acquisition deal between Prime Infrastructure Capital, Inc. and Shell Philippines Exploration B.V. (SPEX) on the latter’s 45-percent stake in the Malampaya Service Contract (SC) 38. This, after the DOE completed the review of the transaction in accordance with Presidential Decree 87 and Department Circula...

Photo credit: Reurasia The Department of Energy (DOE) reported it awarded a total of 998 renewable energy (RE) contracts as of June 2022, with investments amounting to PHP270.8 billion. In a statement Wednesday, DOE said the RE contracts have a total installed capacity of 5,460.59 megawatts and a potential capacity of 61,613.81 MW. The biggest in...

A solar hybrid power plant, expected to provide 24/7 electricity to two municipalities in Mindanao, was launched this week, the European Union (EU) Delegation in Manila said Thursday. The initiative is part of the Renewable Energy Technology for Seaweeds Value-Added (RETS) project between the EU, the Mindanao Development Authority, the United Nations I...

Photo: Philippine Economic Zone Authority (PEZA) officer-in-charge Tereso Panga and Upgrade Energy Philippines, Inc. (UGEP) president and CEO Ruth Yu-Owen sign a memorandum of understanding on Sept. 22, 2022. PEZA and UGEP are partnering to develop renewable energy projects within economic zones. (Photo courtesy of PEZA) The Philippine Economic Zone Au...

Hungary is enticing Filipinos to study nuclear engineering to help provide possible energy solutions for the Philippines in the future. During the 7th political consultations between the Philippines and Hungary in Budapest this week, officials encouraged interested Filipinos to avail of a scholarship once the application opens again. "The Philippine...

President Ferdinand Marcos Jr. speaks to American businessmen at the New York Stock Exchange Business Forum in New York City on Sept. 20, 2022 (Tuesday, Philippine time). Marcos, who is on the second day of his six-day trip to the United States, said his engagement at the NYSE serves as an "invaluable opportunity" to share with business leaders how the Ph...

Photo credit: Solenergy The Department of Budget and Management (DBM) has given the Department of Energy (DOE) a total of PHP2.2 billion for the implementation of energy projects in 2023. The allocation of about PHP2.2 billion was in line with the Marcos administration's bid to ensure an affordable and clean energy supply in the country, the DBM sai...

Photo credit: Inquirer Philippines The Marcos administration will study the proposed joint oil exploration between the Philippines and China in the resource-rich West Philippine Sea (WPS), Malacañang said on Tuesday. “Pag-aaralan po natin sa ngayon (As of now, we will study it),” Press Secretary Trixie Cruz-Angeles said in a Palace press briefing. ...

Photo: Department of Energy (DOE) Secretary Raphael Lotilla announces that the agency has formed a law and energy advisory panel that will iron out policies in the country's energy sector. Lotilla made the announcement on Thursday (Aug. 25, 2022). (Screenshot during the DOE virtual press conference) Department of Energy (DOE) Secretary Raphael Lotilla ...

San Miguel Corp. (SMC), one of the country’s largest and most diversified conglomerates, is set to open a USD500 million electric car battery plant in Dinagat Islands province, Governor Nilo Demerey Jr. said Thursday. Demerey confirmed the company’s decision to establish the plant in Dinagat Islands after his meeting with SMC president and chief execut...

Philippine Ambassador to South Korea Ma. Theresa Dizon-De Vega met with Korea Hydro and Nuclear Power Co. Ltd (KHNP) executives last July 19 to discuss future Philippines-Republic of Korea (ROK) cooperation on nuclear technology and renewable energy. The KHNP executives include Project and Overseas Nuclear Business Division Executive Vice President Nam...

Photo credit: A subsidiary of Enrique Razon Jr.-led company has signed a share purchase agreement to formalize the acquisition of stakes in Malampaya gas field from Dennis Uy’s firm. In a statement Friday, Prime Infrastructure Capital, Inc. bared that its unit, Prime Exploration Pte. Ltd., sealed the share purchase deal with MEXP Holding Pte. Ltd., ...

Photo credit: IHS Markit Senate President Juan Miguel Zubiri said Tuesday he will fully support the plan of President Ferdinand Marcos Jr. to explore the country’s potentials on nuclear energy as a cheap and reliable source. Marcos said in his first State of the Nation Address (SONA) on Monday that if the country wants to attract investors, both loc...