The Department of Energy plans to create an “energy city” in Batangas to be composed of liquefied natural gas (LNG) facilities. This will serve as a back up plan to whatever may happen with the Malampaya deepwater-to-gas project off Palawan. Energy Secretary Alfonso G. Cusi said on the sidelines of a Senate hearing Tuesday that…
Tag: chevron
Malampaya operations in peril as critical issues plague project
The Malampaya deep water gas-to-power project faces the prospects of non-renewal, even of getting shut down, with ongoing critical challenges plaguing the upstream oil and gas industry, a ranking Malampaya consortium official told a Senate panel yesterday. In a Senate hearing yesterday, Shell Philippines Exploration B.V. (SPEX) managing director Sebastian Quiniones presented a list of…
COA ruling on Malampaya tax dispute merits DOE review
The Department of Energy (DOE) is studying options on how to go about the Commission on Audit’s ruling on the P53.14-billion tax dispute of the consortium operating the Malampaya deep water gas-to-power project. COA wrote the DOE to ask its position on the tax dispute, Energy Secretary Alfonso Cusi said in an interview after the…
3 local groups eye Chevron geothermal assets
At least three big local conglomerates are looking at buying the domestic geothermal assets of American energy giant Chevron, which is seen unloading its Philippine and Indonesian geothermal units to focus on its core oil and gas businesses. Ayala Corp., Lopez-led Energy Development Corp. and Aboitiz Equity Ventures are studying the geothermal assets of Chevron. Read…
Caltex to build 30 new gas stations
Chevron Philippines Inc. (CPI) is putting up over 30 new retail stations in existing and new growth areas this year, as it launched a new gasoline product to maintain its position among the top three oil players in the country. The oil firm will add 32 new service stations across the country, adding to around…
RP moves to dismiss SPEX-initiated arbitration case
The Philippine government has moved to dismiss the the arbitration case sought by Shell Philippines Exploration B.V. (SPEX) over a P53.14-billion tax deficiency from the Malampaya deep water gas-to-power project. Read more here.
Chevron drops gasoline price, but increases diesel and kerosene
Chevron Philippines Inc. (Caltex Philippines) is rolling back the price per liter of gasoline while raising the pump prices of diesel and kerosene. Chevron on Monday said it will increase diesel prices by P0.35 per liter and kerosene by P0.20. It will also lower the price of gasoline by P0.10 per liter. Read more here.
Aboitiz eyes Chevron assets
Aboitiz Power Corporation (AboitizPower) is interested in bidding for the geothermal assets of Chevron, as it prepares to ramp up its generating capacity to 4,000 megawatts (MW). These assets, which could be for sale next year, include one of the world’s largest geothermal operations. Read more here.
Winnergy Holdings Corp. 