Bohol is strengthening its energy resilience through expanded backup power capacity, helping businesses, industries, and essential services remain operational during grid disruptions.
CEBU CITY—The Department of Energy (DOE) has launched a four-year nationwide geophysical survey to strengthen the country's energy security by generating modern subsurface data that could unlock new oil, natural gas, geothermal, and native hydrogen resources while reducing exploration risks for investors.
Tycoon Manuel V. Pangilinan-led Manila Electric Co. ended a bruising week after losing more than P123 billion in market value as uncertainty over proposed electricity sector reforms rattled investors.
Tycoon Isidro Consunji said the group is bracing for rising fuel costs, warning that the worsening supply-driven shock could prove more disruptive to the economy than the pandemic that brought businesses to a standstill a few years ago.
The Marcos administration is moving to secure fuel supply as global disruptions loom, ordering the procurement of 2 million barrels of oil to bolster reserves, Finance Secretary Frederick Go said on Tuesday.
The biodiesel industry is urging lawmakers to keep the country’s biofuel mandate, warning that weakening the policy could leave the Philippines more exposed to global oil supply shocks.
Millions of Filipino households still experience nightly power outages, especially in remote islands and mountain villages where grid extension remains costly. Water-based energy innovations are emerging as a viable alternative, turning rivers and currents into decentralized power sources that bring electricity closer to where people live.
PXP Energy Corp. is expanding its footprint in the country’s energy sector with three new petroleum service contracts covering the Sulu Sea and Northwest Palawan.
Newly appointed Energy Secretary Sharon Garin assured investors and stakeholders there will be no sweeping overhaul of policies at the Department of Energy (DOE).