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January 14, 2019 11:35 AM Dennis Uy's Phoenix Petroleum, China's CNOOC get nod for LNG terminal

The Department of Energy grants Tanglawan Philippines LNG Incorporated the notice to proceed to build a liquefied natural gas terminal in Batangas The joint venture of Dennis Uy's Phoenix Petroleum and China National Offshore Oil Corporation (CNOOC) was given the green light to establish a liquefied natural gas (LNG) terminal in Batangas. In a disclosure 126

January 14, 2019 10:57 AM Big-time oil price hike set for January 15

The Department of Energy says the increase is due to oil-producing countries cutting their output to stabilize global prices MANILA, Philippines – Pump prices are set to spike on Tuesday, January 15, as oil-producing countries like Saudi Arabia cut their output to prevent oversupply. Shell, Petron, Caltex, Flying V, Unioil, Seaoil, Total, PTT Philippines 133

January 7, 2019 9:58 AM Oil price hike on January 8 not due to Train Law – DOE

Oil companies will hike diesel prices by P0.70 per liter and gasoline by P0.80 per liter amid price movements in the global market 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 80

November 5, 2018 9:09 AM Gasolinahan ng Phoenix na may tagas sa Bangkal, ipinasara ng Makati City Hall

Ipinasara ng pamahalaang lungsod ng Makati ang gas station ng Phoenix Petroleum na nasa kanto ng Estrella Street at Evangelista Street sa Barangay Bangkal, Makati City. Hindi ito bunsod ng pagtagas ng petrolyo mula sa gasolinahan tungo sa mga kanal ng baranggay noong nakaraang linggo. Ipinakandado ang gasolinahan dahil lumitaw sa inspeksyon kasunod ng gas leak na wala itong 72

October 13, 2018 11:19 PM Oil prices cut after 9 weeks

Oil firms on Saturday cut pump prices of diesel by as much as 65 centavos per liter and of gasoline by 85 centavos per liter, ending a nine-week rally that raised prices by a total of as much as P5.60 a liter. Phoenix Petroleum was first to move, adjusting pump rates by 60 centavos per liter of diesel and 80 centavos per liter of gasoline past midnight 59

October 11, 2018 12:04 PM Democracy very much alive on Day 1 of COC filing

On the first day of the filing for the certificates of candidacy (COC) on Thursday, a number of political bigwigs swamped the main office of the Commission on Elections (Comelec). But the people’s attention was drawn outside of the Palacio Del Gobernador building where other hopefuls from the varied background were providing the public some excitement 43

October 5, 2018 9:26 PM WB looks to extend $300-M loan to PH

The World Bank is looking into extending a $300-million loan to the Philippines to finance a project aimed at improving fiscal management. Documents showed that the project, expected to be tackled by the Washington-based multilateral lender’s board in December, will help increase the revenue potential as well as economic efficiency of tax policy 19

September 28, 2018 9:24 AM Typhoon Ompong may have pushed September 2018 inflation to over 7%

The Bangko Sentral ng Pilipinas cites higher prices of agricultural goods due to Typhoon Ompong, rising fuel prices, and the weakening peso "Higher domestic petroleum prices, higher prices of rice and other agricultural commodities due to Typhoon Ompong, and the peso depreciation contributed to the upside price pressures for the month," the BSP said. "Looking 76

September 26, 2018 1:23 PM Qatar to boost gas production amid regional rift

DOHA, Qatar — Qatar announced Wednesday plans to boost natural gas production for the second time since a Gulf diplomatic crisis erupted last year pitting the energy-rich emirate against a rival Saudi-led bloc. The head of state-owned Qatar Petroleum, Saad al-Kaabi, told a press conference that the country intends to raise production by a further 10 percent 44

September 3, 2018 9:30 PM Diesel, gasoline pump prices rise for 4th week

Local fuel prices went up for the fourth week in a row as the global market anticipated losing significant output from Iran, which is facing economic sanctions from Western countries. Oil companies raised prices of diesel by P1.20 per liter and gasoline by 95 centavos per liter starting at 6 a.m. on Tuesday. Those which have announced price increases 29