Energy & Mining
DOE opens P624.7M bid for geothermal survey
The Department of Energy (DOE) has opened bidding for a service provider to conduct gradiometry and seismic surveys to identify potential geothermal energy resources in the country.
Biofuels pushed as buffer vs oil supply risks
Stakeholders in the local biofuels industry are urging the government to maximize the use of locally produced biofuels to help protect the country from possible fuel supply disruptions caused by the continuing conflict in the Middle East.
Salceda sees crude oil above $80/barrel, volatility easing
Crude oil prices are likely to remain above USD80 per barrel in the coming weeks, but the era of massive pump price surges may already be fading, according to economist and former Albay congressman Joey Salceda.
Fuel price spike clouds Cebu Pacific growth
Cebu Pacific, the budget carrier unit of the Gokongwei Group, is bracing for potential turbulence from rising global fuel prices, even as the Philippines’ largest budget airline continues to post steady passenger growth early this year.
Philippines moves to cut mining permit processing time
The Philippine government is preparing an executive order that would cut mining permit processing time by at least half, a move aimed at improving the country’s competitiveness and attracting fresh investment into its mineral sector.
