Jadestone Energy Inc. Announces Montara Production Restart
SINGAPORE / ACCESSWIRE / January 11, 2019 / Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, announces the restart of production from the Montara oil field, following its maintenance and inspection shutdown. Production operations restarted at the Montara facilities on January […]
444 gas stations found imposing higher tax
MANILA, Philippines — Over 400 gas stations have already imposed additional excise tax on fuel products as the Department of Energy (DOE) continues to monitor the industry for the Tax Reform for Acceleration and Inclusion (TRAIN) law’s proper implementation. The DOE-Oil Industry Management Bureau (OIMB) said yesterday it has received 444 reports on the retail […]
Phoenix-CNOOC JV to build Philippines’ first LNG termina
The Philippines’ energy ministry has approved the bid from local fuel retailer Phoenix Petroleum and China’s CNOOC to build the country’s first liquefied natural gas (LNG) import terminal. The $2 billion regasification and imports terminal will be built south of the capital of Manila, featuring a capacity to handle 2.2 million tonnes per annum (Mtpa) of […]
5% of gas stations prematurely implemented excise tax hike: DOE
MANILA — The Department of Energy (DOE) said 444 retail stations or around 5 percent of all gas stations in the country have prematurely implemented the second tranche of excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) law. In a press briefing Thursday, DOE Undersecretary Felix William Fuentebella said the department will […]
YEARENDER : Philippines remains heavily dependent on oil imports
MANILA, Philippines — The year 2018 put the spotlight on the Philippines’ dependence on imported fuel to power up the country’s progress and day-to-day operations. This was validated by the latest Energy Trilemma Index of the World Energy Council, which ranks 125 countries in three dimensions – environmental sustainability, energy security and energy equity. The […]
Tropical storm Pabuk hits energy production in Thailand
The economic loss from tropical storm Pabuk on January 4 in southern Thailand may reach Bt5 billion (US$156 million) according to local authorities. The country’s most powerful storm in three decades disrupted flights and businesses while damaging more than 1,400 homes. The storm claimed three lives and forced over 34,000 people to evacuate as strong […]
Tokyo Gas sets up gas distribution unit in Thailand
Japanese utility Tokyo Gas, through its unit Tokyo Gas Asia, has set up the first fully private natural gas distribution business in Thailand. The distribution company named Gulf WHA MT Natural Gas Distribution Company (GWHAMT) has been established through a joint investment by the Gas Energy Development Company, Thai privately held WHA Utilities and Power […]
Oil price hike on January 8 not due to Train Law – DOE
MANILA, Philippines – Pump prices will increase on Tuesday, January 8, amid movements in the world market, various oil companies confirmed. Caltex, Shell, PTT Philippines, Petrogazz, Phoenix Petroleum, and Eastern Petroleum will increase P0.70 per liter on diesel and P0.80 per liter on gasoline. The changes will be implemented starting 6 am Tuesday. The Department […]
