AT least two firms have formally expressed interest to participate in the public bidding of unused Malampaya natural gas, more known as banked gas. Philippine National Oil Co. (PNOC) Executive Assistant Jannefer Pelayo said on Wednesday one foreign firm and one local firm are interested to buy the banked gas comprising of 97.67 petajoules from the state…
Tag: fuel supply
DOE: We have enough coal for 30 days
The Indonesian government’s decision to ban all ships from sailing to the Philippines is not a cause for alarm in the local power industry as operators of local coal plants still have around a month-long inventory and are currently looking for alternative sources of coal, the Department of Energy (DOE) said yesterday. In a briefing,…
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…
Oil prices fall further
Oil prices have been pushed further below 2016 peak amid worries about excess oil supply and uncertain demand. Read more here.
Winnergy Holdings Corp. 