The Department of Energy (DOE) yesterday said fuel supply in Metro Manila has normalized, after the pipeline that delivers fuel from Batangas to the Pandacan depot in Manila resumed operations last July 24. Some service stations were reported to have experienced a tightening of supplies, particularly of diesel, after the Makati government ordered the shutdown [...]
Archive for July, 2010
Fuel supply back to normal (7/30/2010)
Posted in Inquirer News, tagged Fuel supply, Pipeline on July 30, 2010 | Leave a Comment »
Galoc oil field yield falling (7/30/2010)
Posted in Inquirer News, tagged Galoc, Oil exploration, Oil production on July 30, 2010 | Leave a Comment »
THE JOINT venture operating the Galoc oil field in offshore Palawan has already produced 5.14 million barrels of oil as of end-June, depleting over half of the estimated reserves of 10 million barrels. In a regulatory filing, Australian firm Otto Energy Ltd. said the joint venture was able to deliver a total of 15 oil shipments [...]
DOE steps up campaign vs smuggled fuel (7/30/2010)
Posted in Inquirer News, tagged Fuel supply, Smuggling on July 30, 2010 | Leave a Comment »
Department to use marker dyes to determine source TO CURB rampant fuel smuggling in the country, the Department of Energy plans to maximize the use of marker dyes and determine the source of imported petroleum products. “For instance, once an adulterated (fuel) product is found, we will also find out the source of the fuel. [...]
2 gas-fired power plants seen operational in ’13 (7/30/2010)
Posted in Inquirer News, tagged Gas turbine, Generation on July 30, 2010 | Leave a Comment »
A HONG KONG-based firm and a Korean consortium are expected to complete their respective natural gas power projects by 2013, when power supply is deemed to dwindle to critical levels. Jesus Tamang, director for the energy policy and planning bureau at the Department of Energy, said Energy World International Ltd. (EWI) and a consortium, composed [...]
FDC seeks stop to sale of remaining NPC assets (7/30/2010)
Posted in Inquirer News, tagged IPPA, NPC, Privatization, PSALM on July 30, 2010 | Leave a Comment »
THE FREEDOM from Debt Coalition has urged the government to suspend the sale of the remaining assets of National Power Corp., pending a comprehensive review of the Electric Power Industry Reform Act (Epira). “It will be truly judicious if the scheduled asset sale of the Power Sector Assets and Liabilities Management Corp. (PSALM) is put [...]
EDC investing $1B in ‘green energy’ projects over five years (7/30/2010)
Posted in Business World News, tagged EDC, Geothermal energy, Renewable energy on July 30, 2010 | Leave a Comment »
LOPEZ-LED geothermal power firm Energy Development Corp. (EDC) plans to invest more than $1 billion in green energy pro-jects over five years from 2011, company president Richard B. Tantoco said yesterday. The country’s largest geo-thermal energy producer wants to spend around $805 million for new geothermal projects that will generate 230 megawatts (MW) of electricity, [...]
Cebu power utility hikes rates under PBR scheme (7/30/2010)
Posted in Business World News, tagged Distribution, PBR scheme, VECO on July 30, 2010 | Leave a Comment »
CEBU CITY — The Visayan Electric Co., Inc. (VECO) expects to raise its asset base by 15% as it enters the four-year regulatory period under the performance-based rate scheme (PBR). Consumption within its franchise area is also expected to increase by at least 3% this year, with peak demand projected at 346 megawatts, while electricity [...]
Sale of PNOC unit’s stake in Malampaya project put on hold by Energy dep’t (7/06/2010)
Posted in Business World News, tagged Malampaya, PNOC-EC on July 6, 2010 | Leave a Comment »
THE GOVERNMENT has put on hold the sale of its 10% stake in the Malampaya gas field off Palawan, with the new Energy secretary saying the plan should be studied first. Energy Secretary Jose Rene D. Almendras said the privatization of the government’s Malampaya assets, held through state-run Philippine National Oil Co.- Exploration Corp. (PNOC-EC), [...]
Energy, transport chiefs pledge level playing field (7/06/2010)
Posted in Business World News, tagged Energy planning, Energy pricing, Power shortage on July 6, 2010 | Leave a Comment »
THE NEW Energy and Transportation chiefs yesterday vowed fair play for businesses as they outlined plans for their respective departments. Formally taking over the Department of Energy yesterday, Secretary Jose Rene D. Almendras said he would look into the pricing of power producers and make sure returns were attractive to investors, while newly minted Transportation [...]
PNOC-EC seeks new partners for Mindoro exploration areas (7/02/2010)
Posted in Philippine Star News, tagged Oil exploration, PNOC-EC on July 2, 2010 | Leave a Comment »
State-run PNOC Exploration Corp. is scouting for new partners for its Mindoro exploration areas. PNOC-EC vice president Leocadio Ostrea said they have been holding talks with at least four interested foreign groups for a possible farm-in agreement. PNOC-EC is farming out shares in its service contract in offshore Mindoro and East Sabina. “We are in talks [...]
