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Despite major gas deal, energy giant warns consumers to turn down heating

Tim Witcher, Agence France-Presse
Updated as of Jun 13 09:30 AM

TotalEnergies chief Patrick Pouyanne hailed a deal to expand production in the world's biggest natural gas field in Qatar but told AFP that more projects are needed and consumers will still have to "turn down the heating" to ease the growing price crisis. Read more »

LTFRB says fare hike unlikely under Duterte admin

Jacque Manabat, ABS-CBN News
Posted at Jun 06 03:42 PM

The LTFRB said it is unlikely to approve pending fare hike petitions in the remaining days of the administration of President Rodrigo Duterte, Read more »

Inflation quickens to 4 percent in March

ABS-CBN News
Updated as of Apr 05 12:51 PM

Inflation for the month of March quickened as prices of fuel and other basic commodities increased, the state statistics bureau said Tuesday. Read more »

In fair phase-out of oil, gas rich nations stop first

Marlowe Hood, Agence France-Presse
Posted at Mar 22 08:39 AM

Rich countries must end their oil and gas production by 2034 to cap global warming at 1.5 degrees Celsius and give poorer nations time to replace fossil fuel income, according to a report released Tuesday. Read more »

THE DAY IN PHOTOS: March 10, 2022

ABS-CBN News
Posted at Mar 10 11:53 PM

Here are the day's top stories on photos. Read more »

Cheaper gas brings long lines to gas station

Mark Demayo, ABS-CBN News
Updated as of Mar 10 10:06 PM

Motorists gas up at a gasoline station in Cainta, Rizal on Thursday, as the firm rolled back their prices amid rising fuel costs due to the Ukraine-Russia conflict. Read more »

[OPINION] Oil, gas, and the CPI

Dean Dela Paz
Posted at Feb 17 03:54 AM

Energy is a critical determinant of our political economy. It catalyzes inflation, reduces the inherent value of the peso and purchasing powers. Read more »

[OPINION] Base loads and brownouts

Dean Dela Paz
Posted at Feb 03 12:08 AM

The Luzon grid has been experiencing a series of yellow alerts. The undersupply of power not only reveals gross base load inadequacies and energy mismanagement, but also long term ineptitude. Read more »

At least 75 dead in Haiti truck blast

Agence France-Presse
Posted at Dec 16 09:41 AM

Fears grew the death toll from a gas truck explosion in Haiti would climb as officials scrambled to provide care for dozens suffering burn injuries. Read more »

DOE tells oil firms to ensure inventory amid price hikes

ABS-CBN News
Posted at Oct 05 04:03 PM

The Department of Energy on Tuesday ordered oil companies to ensure they have enough inventory as world crude prices continue to rise. Read more »

ALAMIN: Bakit tuloy-tuloy ang oil price hike sa nakalipas na 6 linggo?

ABS-CBN News
Posted at Dec 22 08:05 PM

Pagdating ng 2021, maaaring mapataas pa ang presyo dahil sa planong production cut ng mga oil company, ayon sa Department of Energy.  Read more »

China bukas sa oil, gas cooperation kasama ang Pilipinas sa West PH Sea

Joyce Balancio, ABS-CBN News
Posted at Oct 22 11:31 PM

MAYNILA - Nagpahayag ang China ang kahandaan na makasama ang Pilipinas sa posibleng oil at gas exploration sa West Philippine Sea.  Read more »

Shell plans to cut 9,000 jobs in transition plan

Ron Bousso, Reuters
Posted at Sep 30 03:12 PM

Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10 percent of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy.   Read more »

Europe’s big oil companies are turning electric

Stanley Reed, The New York Times
Posted at Aug 18 11:17 AM

This may turn out to be the year that oil giants, especially in Europe, started looking more like electric companies.   Read more »

Oil firms nag-abiso ng taas-presyo sa langis simula Martes

ABS-CBN News
Updated as of Jul 27 02:26 PM

MAYNILA (UPDATE) — Nag-anunsiyo ang mga oil firm ng pagtaas sa presyo ng gasolina na ipatutupad simula Martes, Hulyo 28, 2020.    Read more »

China opens oil and gas exploration to foreign firms

Agence France-Presse
Posted at Jan 09 02:10 PM

China will allow foreign companies to take part in oil and gas exploration and production in the country, in what officials hailed Thursday as a "major reform" opening up the industry. Read more »

Manila, Beijing 'push forward' with joint development talks, seek 'progress'

ABS-CBN News
Updated as of Oct 30 11:06 AM

The two countries “confirmed” the establishment of the Oil and Gas Development Inter-Governmental Joint Steering Committee during the first meeting, the Philippine and Chinese governments said in a joint statement. Read more »

Bracing for an increase

Mark Demayo, ABS-CBN News
Posted at Sep 23 09:24 PM

A jeepney driver reacts as he fuels up in Marikina on Monday a day before oil firms implement the highest price hike for the year so far. Read more »

Robredo: 'Irresponsible' to set aside PH win vs China for joint exploration

ABS-CBN News
Posted at Sep 12 03:10 PM

Vice President Leni Robredo said Thursday it was "profoundly disappointing and extremely irresponsible" for President Rodrigo Duterte to say that the Philippines could set aside its legal victory against China to pave the way for a joint oil and gas exploration. Read more »

Joint oil, gas exploration deal won't compromise PH arbitral win: Locsin

ABS-CBN News
Updated as of Sep 11 10:00 PM

MANILA - Manila's top diplomat on Wednesday said the inter-governmental steering committee tasked to supervise the joint exploration between the Philippines and China in the West Philippine Sea has been constituted following the signing of the terms of reference last month. Read more »