Energies PH Inc. all set to harness energy from Southeast Asia’s first tidal power plant
Southeast Asia’s first tidal power generation plant embeds and rises in remote Capul Island of Northern Samar along the San Bernardino Strait. This was announced by Energies PH Inc. (EPHI) Co-chairman and CEO Antonio Ver during a launch last June 14 at the Mira Nila Heritage House in Quezon City.
Corio and FECON to develop 500MW offshore wind farm in Vietnam
Offshore wind company Corio Generation has signed a joint development agreement with Vietnamese construction firm FECON for a 500MW offshore wind project in Vietnam’s Ba Ria-Vung Tau province.
Solar Philippines seeks to contract its 10-GW projects
SOLAR Philippines Power Project Holdings, Inc. has offered its proposed 10 gigawatts (GW) of renewable energy development to off-takers or buyers, its listed unit said on Monday. In a disclosure, Solar Philippines Nueva Ecija Corp. (SPNEC) said its parent firm’s submitted offers “to substantially contract” are awaiting the approval of would-be off-takers and regulators.
PH policymakers brace for economic oil shock
The incoming presidential administration is bracing for the impact of an oil price shock caused by a surge in demand as economies around the world reopen over two years after the start of the pandemic, aggravated by Russia’s invasion of Ukraine.
Develop West Philippine Sea as offshore wind power source: solon
A lawmaker on Sunday urged the incoming administration of President-elect Ferdinand “Bongbong” Marcos Jr. to ask Norway to develop the West Philippine Sea as a source of clean and renewable offshore wind energy. In a statement, Makati City Rep. Luis Campos Jr. said offshore wind farms in the West Philippine Sea would be consistent with […]
Fuel prices seen to increase again next week
Oil firms are expected to implement another increase in the prices of fuel products starting June 21, the Unioil Petroleum Philippines said. According to the forecast, per-liter prices of diesel may increase by ₱2.50 to ₱2.60, while gasoline prices may go up by ₱0.50 to ₱0.60 per liter.
First Gen Philippines LNG import terminal delayed, asks BW to delay FSRU delivery
First Gen’s Interim Offshore LNG Terminal project in the Philippines has been delayed and the company has asked BW Gas to delay the delivery of the floating storage and regasification unit (FSRU) BW Paris from Q1 2023 to end of Q2 or early Q3 2023.
South Africa willing to assist Philippines in oil supply, says envoy
South Africa is ready to assist the Philippines when it comes to providing supply of oil and petroleum products, according to its envoy on Wednesday. Ambassador of South Africa Bartinah Ntombizodwa Radebe-Netshitenzhe paid a courtesy call on President-elect Ferdinand “Bongbong” Marcos Jr. where they tackled the bilateral ties between the Philippines and South Africa.
