Tag: DOE

PXP Energy Corp. has secured participation in three of the eight newly signed Petroleum Service Contracts (SCs) under the Marcos administration, bolstering its position in the country’s upstream oil and gas exploration sector.

Basic Energy Corp. said it has secured the Department of Energy has cleared the way for the pre-development of its planned solar venture in Bolinao, Pangasinan, following the issuance of a Certificate of Authority.

The Manila Electric Co. (Meralco), the country’s largest power distributor, pushed back against claims by the Department of Energy (DOE) that its delayed power supply agreement (PSA) is contributing to high electricity prices, calling the accusations “false and misleading.”

Alabat Wind Power Corp., a unit of listed renewable energy innovator Alternergy Holdings Corp., received the first two units of the largest wind turbines to be installed in the Philippines.

Motorists could see another round of fuel price reductions as early as next week, marking the second consecutive week of price rollbacks. According to local fuel stakeholders, the price drop will likely apply to all petroleum products, including gasoline, diesel, and kerosene.