Energy & Mining
Strait of Hormuz reopening sends oil prices falling
Oil prices tumbled in early Asian trading on Monday after the US and Iran announced a breakthrough agreement that would reopen the Strait of Hormuz, easing fears of a prolonged disruption to one of the world's most critical energy corridors.
DOE: Agus-Pulangi rehab, Semirara coal bidding set this year
The Department of Energy (DOE) is moving forward with two key projects to improve the country’s power assets: the rehabilitation of the Agus-Pulangi hydroelectric complex in Mindanao and the re-privatization of the Semirara coal resource.
Fuel price adjustments seen mixed this week amid Strait of Hormuz tensions
Fuel prices will see mixed adjustments again this week, driven by shifting global oil prices tied to tensions in the Middle East, according to a local fuel retailer.
Cement industry charts lower carbon path
The Philippine cement industry is laying the foundation for a greener future, betting that lower emissions and industrial growth do not have to be poured from separate molds.
NPC deploys 5 MW gensets to ease Catanduanes power crisis
The National Power Corp. (NPC) has activated 5 megawatts of leased generator sets at the Marinawa Substation to address ongoing power shortages in Catanduanes.
