Petroleum Resources

DoE checks 115 fuel retailers

Date Published (mm/dd/yyyy): 
01/20/2019

DoE inspectors ensure that proper excise tax is being collected. (AP)

The Department of Energy (DoE) conducted its first round of validation activities across various fuel retail outlets (RO) on 10-11 and 14-15 January 2019.

 

The inspection teams were tasked by DoE Secretary Alfonso G. Cusi to ensure the proper implementation of the second tranche of excise tax on petroleum products under the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

 

Gatchalian prods Duterte administration to crack whip on oil price manipulators

Date Published (mm/dd/yyyy): 
01/04/2019

Sen. Sherwin T. Gatchalian prodded the Duterte administration on Thursday to dispatch a combined task force of the Department of Trade and Industry (DTI) and the Department of Energy (DOE) to go after unscrupulous traders taking advantage of recent adjustments in excise tax on imported oil products.

 

Gatchalian, who chairs the Senate Committee on Economic Affairs, pointed out that the TRAIN law, also known as the Tax Reform for Acceleration and Inclusion, allowed an additional P2.00 excise tax per liter of imported gasoline and crude effective last January 1.

 

DOE asks DFA to lift oil exploration ban in West Philippine Sea

Date Published (mm/dd/yyyy): 
01/03/2019

Exploration and drilling activities in the West Philippine Sea are close resuming after the Department of Energy (DOE) asked the Department of Foreign Affairs (DFA) to lift the moratorium covering the disputed waters.

 

The DOE has sent a letter requesting the DFA to lift the ban in contested off-the-coast territories, Energy Undersecretary Felix William Fuentebella told reporters on the sidelines of a press conference in Taguig City on Thursday.

 

DoE exec: 21 firms looking to explore for oil

Date Published (mm/dd/yyyy): 
12/17/2018

Twenty-one companies have submitted their applications to explore and develop petroleum resources in the Philippines, an Energy official said.

 

“Thirteen companies have applied for the pre-determined areas and eight nominated for a potential area,” Energy Undersecretary Donato Marcos told reporters recently.

 

Marcos said no formal application had been submitted for the Cotabato Basin, which he described as having “high probabilities”, although some had signified interest to explore the area.

 

21 groups eyeing oil, gas blocks

Date Published (mm/dd/yyyy): 
12/16/2018

Twenty-one groups expressed interest in the latest Philippine Conventional Energy Contracting Program to develop indigenous sources of energy, a government official said.

 

“We have 14 pre-determined areas under PCECP. Thirteen have applied for the pre-determined areas and eight nominated for a potential area, so actually PCECP is a hybrid of PECR [Philippine Energy Contracting Round] and application by nomination,” Energy Undersecretary Donato Marcos said.

 

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