Philippines Hopeful Xi Visit Brings South China Sea Energy Deal
Philippine Energy Secretary Alfonso Cusi is optimistic that a deal to jointly explore disputed areas of the South China Sea for oil and gas will finally move forward when President Xi Jinping visits next month. Terms for an agreement between the Philippines and China may be finalized during Xi’s visit, Cusi said in an interview […]
Acciona to Invest in Renewable Energy & Infra Projects in Philippines
Acciona S.A., a Spanish infrastructure company, has reportedly announced the expansion of its operations in Philippines and plans to recruit more manpower as it looks for opportunities in the renewable energy sector in collaboration with a local company. Reports cite, Acciona is weighing the potential of entering into a power purchase deal with private firms, […]
Philippines hopeful for South China Sea energy deal
SINGAPORE and MANILA (Bloomberg) — Philippine Energy Secretary Alfonso Cusi is optimistic that a deal to jointly explore disputed areas of the South China Sea for oil and gas will finally move forward when President Xi Jinping visits next month. Terms for an agreement between the Philippines and China may be finalized during Xi’s visit, […]
PH Rise seen as country’s hope for energy security
The Senate Energy Committee sees the resource-rich Philippine Rise (Benham Rise) east of Aurora province as the country’s hope for energy security in the next decade. Senator Sherwin T. Gatchalian, committee chairman, said the area is rich with methane hydrates, viewed as the new fuel source, and has no claimant unlike the West Philippine Sea […]
China can help Philippines solve energy issues: Wang
MANILA — Chinese companies are willing to help their Filipino counterparts solve energy issues, Beijing’s top envoy said Monday after meeting his Philippine counterpart. China has “mature” equipment, technologies, personnel, training and the financial capability to help the Philippines develop solar, hydro, wind and nuclear power, State Councilor and Foreign Minister Wang Yi said. Wang […]
Dennis Uy investing in PXP Energy
PXP ENERGY CORP. is raising P7.11 billion from the subscription of its shares by affiliate Philex Mining Corp., and a holding firm owned by businessman Dennis A. Uy. In a disclosure on Thursday, the crude oil and natural gas explorer said its board of directors had approved the subscription by Uy’s Dennison Holdings Corp. to […]
EU urges PH to tap available funding for innovative energy projects
MANILA — The European Union’s (EU) delegation to the Philippines urged local stakeholders to tap its available funding for sustainable and reliable energy projects. EU Project Manager for Cooperation Section Willy Hick said Thursday during the Energy Smart 2018 of the European Chamber of Commerce of the Philippines that EU’s Access to Sustainable Energy Programme […]