All posts by PRJWeb

  • Ayala set to complete coal sale to Aboitiz unit

    AC Energy Inc., the power unit of Ayala Corp., said it expects to close the sale of its 49-percent voting stake and 60-percent economic interest in AA Thermal Inc. to Aboitiz Power Corp. by early next year....

    • Posted November 19, 2018
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  • Exploration companies eyeing oil and gas prospect in Panay

    Exploration companies are eyeing an oil and gas prospect in the Visayas amid high oil prices in the world market, an official of the Energy Department said Wednesday. A previous oil discovery is located in Western Panay...

    • Posted October 25, 2018
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  • House panel approves mining royalty bill based on margins

    THE House Ways and Means Committee has approved a substitute bill imposing a variable royalty on mining margins of 1-5% for firms outside designated mineral reservations, softening the Department of Finance’s (DoF) draft bill which had called...

    • Posted October 25, 2018
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  • Senate bill proposes development authority for Philippine Rise

    THE Philippine Rise off the Pacific coast of northern Luzon could serve as a source of energy exports once the appropriate technology develops to tap its reserves, according to Senator Sherwin T. Gatchalian, who proposed legislation to...

    • Posted October 25, 2018
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  • PH inks oil exploration deal with Israeli firm

    Department of Energy (DOE) Secretary Alfonso G. Cusi attended the Ceremonial Signing of the Petroleum Service Contract (PSC) for Area 4 (East Palawan Basin) of the Fifth Philippine Energy Contracting Round (PECR5) at the Presidents’ Hall of...

    • Posted October 25, 2018
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  • SteelAsia starts P25-B wire rod mills

    SteelAsia Manufacturing Corp., the country’s largest steel manufacturer, said it started the construction of two wire rod mills with estimated investments of P25 billion that will contribute to the country’s industrialization goal. The projects will produce a...

    • Posted October 25, 2018
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  • PNOC woos bidders for Batangas LNG hub

    State-run Philippine National Oil Co. is inviting bidders to participate in the selection of a joint venture partner to design, build, finance, operate and maintain the Batangas liquefied natural gas hub in Batangas Bay. PNOC said it...

    • Posted October 25, 2018
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  • Lawmaker backs status quo in oil, gas exploration perks

    Oil and gas contractors have found an ally in the Senate to retain existing incentives that will help in the development of the country’s upstream sector. Sen. Sherwin Gatchalian, who chairs the Senate Committee on Energy, said...

    • Posted October 25, 2018
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  • Mindanao Energy Plan targets bulk oil stocks to avoid shortage

    CAGAYAN DE ORO CITY–Mindanao’s 25 million inhabitants need a strategic stockpile of oil stocks to cover at least 30 days of demand to prevent any forseeable shortage. This was part of the Mindanao Energy Plan 2040 bared...

    • Posted October 25, 2018
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  • Tanglawan first to submit application to develop LNG hub in PH

    TANGLAWAN Philippines LNG Inc., the partnership between state-owned China National Offshore Oil Corp. (CNOOC) and Philippine fuel retailer Phoenix Petroleum, is the first to submit an application with the Department of Energy (DOE) to develop an LNG (liquefied...

    • Posted October 25, 2018
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