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PH urged to be wary of China’s intention on oil exploration after passage of Coast Guard law

Metro Manila (CNN Philippines, February 10)— The Philippines should be wary of China’s intention regarding the countries’ joint oil and gas exploration deal in the West Philippine Sea, a former Supreme Court justice said Wednesday amid issues surrounding Beijing’s new Coast Guard law.

Petron Bataan Refinery may get tax break from CREATE bill

Petron Corporation may be getting its desired sigh of relief for its refinery in Limay, Bataan as the Congress-approved Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill would exempt petroleum refineries from taxes on crude oil imports.

EDC issuing Php15B in green bonds

The Lopezes’ Energy Development Corporation (EDC) is set to issue green bonds worth Php15B within the year in a bid to push for its sustainable power projects.

Romblon officials seek ERC help in preventing provincial power crisis

MANILA, Philippines — The Provincial Board of Romblon and nine mayors have sought the help of the Energy Regulatory Commission (ERC) to help them prevent a power crisis on Tablas Island.   Read more: Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

Financing a ‘green’ economic reboot, recovery from pandemic

Washington-based International Finance Corp. (IFC) of the World Bank Group has introduced financing support for Philippine banks that will lend to climate adaptation and mitigation projects amid a push for “green” recovery from the COVID-19 pandemic to generate trillions of dollars in fresh investments.   Read more: Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

Citicore to supply energy to freeport

Citicore Power Inc. announced on Monday it will deliver clean energy to locators within the Freeport Area of Bataan in Mariveles, Bataan.

Downstream oil sector seen rebounding

MANILA, Philippines — The Philippine downstream oil sector may recoup its losses this year, riding on the resurgence of demand amid the continued reopening of the economy and the rollout of vaccines.

Meralco power bills to fall slightly in February

MANILA, Philippines — Consumers and businesses in areas served by Manila Electric Co. (Meralco) will see slightly lower power bills in February on the back of cheaper supply.

Oil firms to raise prices anew this week

MANILA – Oil companies will increase their pump prices on Tuesday.

INEC provides additional fuel storage capacity to Banelco

MANILA, Philippines — Vivant Energy’s subsidiary Isla Norte Energy Corp. (INEC) has installed an additional fuel storage to ensure reliable and stable power supply to the Bantayan Island in Cebu.