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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 253498 [Title] => Big 3 oil firms scrap diesel discount for jeeps, buses [Summary] => With the increase in the minimum fare for jeepneys and non-airconditioned buses effective today, the countrys top three oil firms will also stop giving discounts on diesel products to transport groups.
Oil giants Petron Corp., Pilipinas Shell Petroleum Corp. and Caltex Philippines Inc. announced yesterday that they will no longer extend transport groups the P1 to P2 per liter discount on their diesel products starting today.
[DatePublished] => 2004-06-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 253405 [Title] => DOE pushes discount scheme for public utility vehicles [Summary] => The Department of Energy (DOE) will urge oil companies to reconsider their decision to scrap the oil price discount to the public transport groups once the P1.50 increase in minimum fare is implemented starting tomorrow.
"We will try to talk things out with the oil companies on the discount issue. Though the discount was voluntarily carried out by the oil firms to cushion the impact of the rising oil prices on the transport sector, these companies have the option to end the program," Energy Undersecretary J.V. Emmanuel de Dios said.
[DatePublished] => 2004-06-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 253042 [Title] => DOE, Shell close to selecting financial advisor for IPO [Summary] => The Department of Energy (DOE) and Pilipinas Shell Petroleum Corp. are in the process of selecting the so-called "third-party" financial advisor for the oil firms planned initial public offering (IPO).
Energy Undersecretary J.V. Emmanuel de Dios said Shell has already submitted the name of its chosen financial advisor.
"Shell has formally endorsed a financial advisor (a foreign investment bank). The DOE will have to agree. The idea is to have a mutually-acceptable party to address the issues confronting the proposed exercise," de Dios said. [DatePublished] => 2004-06-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 251307 [Title] => RP oil stocks good for 55 days, says DOE [Summary] => The country still has sufficient oil supply that could last for 55 days, a ranking Department of Energy (DOE) official said.
Energy Undersecretary J.V. Emmanuel de Dios said with this level of reserves, the DOE has no plans of increasing the required minimum oil inventory of oil firms.
But de Dios said if the need arises, the energy authorities can easily require the oil companies to increase their reserves.
[DatePublished] => 2004-05-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 250924 [Title] => Govt mulls more crude production from Malampaya [Summary] => The Department of Energy (DOE) is seriously studying the possibility of extracting more crude oil from the Malampaya field in northwest Palawan for domestic use amid a looming global oil crisis.
"Although the oil produced from Malampaya is not sufficient enough to cover for all our petroleum needs, we might consider looking at it as one of the options to ease the burden of the rising world crude prices," Energy Undersecretary J.V. Emmanuel de Dios said.
[DatePublished] => 2004-05-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 239441 [Title] => DOE to study new pricing benchmark of oil refiners [Summary] => The Department of Energy (DOE) will study the proposal of oil refiners Petron Corp. and Pilipinas Shell Petroleum Corp. to shift their pricing mechanism to the Mean of Platts-Singapore (MOPS) from the Dubai crude benchmark.
Energy Undersecretary J.V. Emmanuel de Dios said while the two refiners import oil products using both Dubai crude and MOPS, with this, the reality is that they should use two different benchmarks."
De Dios pointed out that as part of their monitoring, the department will always consider using these two pricing benchmarks.
[DatePublished] => 2004-02-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 234973 [Title] => DOE mulls more options in tapping other fuel sources during global crisis [Summary] => The Department of Energy (DOE) is eyeing more options, such as tapping the Malampaya deepwater gas to power project, for potential sources of fuel in case of an oil shortage in the world market.
"There are some developments from Malampaya in offshore Palawan. We need to continue our development of indigenous sources of energy. There would be certain announcement for new exploration projects in the future," Energy Secretary Vincent S. Perez said.
[DatePublished] => 2004-01-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 234587 [Title] => DOE expects oil prices to soften by Q2 [Summary] => The Department of Energy (DOE) has expressed optimism that the prevailing high level of oil prices will be temporary and should expectedly soften by second quarter.
In a press conference, Energy Secretary Vincent S. Perez attributed the DOEs optimism to the sustained increase in the production of non-Organization of Petroleum Exporting Countries (OPEC) members like Russia and Mexico.
Perez added that another major oil producer Iraq, is seen to increase its production and enter the market during this time.
[DatePublished] => 2004-01-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 229295 [Title] => LGUs back PNOC-ECs $100-M Bat-Man pipeline [Summary] => The construction of the $100-million Batangas-Manila I (BatMan I) gas pipeline by the PNOC-Exploration Corp. (EC) has gained support from the affected local government units (LGUs) in the area, a top company official said.
"What we are trying to do now is to talk to the LGUs to settle the right-of-way issues. We are conducting public consultations to get the approval of those that will directly be affected by the project. So far, they have been very cooperative," EC president Rufino Bomasang told The STAR.
[DatePublished] => 2003-11-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 228277 [Title] => DOE mulls uniform standard for diesel [Summary] => The Department of Energy (DOE) will come up with a decision soon if there is a need for the industries to comply with the new diesel specification under the Clean Air Act (CAA).
Energy Undersecretary J.V. Emmanuel de Dios said there are ongoing hearings and/or consultations with the industry stakeholders on this issue.
"We are trying to see (if the industries should follow the same standard as the automotive diesel). There is a move to study if there is a need for one standard for diesel. We are still looking at it," De Dios said.
[DatePublished] => 2003-11-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
ENERGY UNDERSECRETARY J
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 253498 [Title] => Big 3 oil firms scrap diesel discount for jeeps, buses [Summary] => With the increase in the minimum fare for jeepneys and non-airconditioned buses effective today, the countrys top three oil firms will also stop giving discounts on diesel products to transport groups.
Oil giants Petron Corp., Pilipinas Shell Petroleum Corp. and Caltex Philippines Inc. announced yesterday that they will no longer extend transport groups the P1 to P2 per liter discount on their diesel products starting today.
[DatePublished] => 2004-06-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 253405 [Title] => DOE pushes discount scheme for public utility vehicles [Summary] => The Department of Energy (DOE) will urge oil companies to reconsider their decision to scrap the oil price discount to the public transport groups once the P1.50 increase in minimum fare is implemented starting tomorrow.
"We will try to talk things out with the oil companies on the discount issue. Though the discount was voluntarily carried out by the oil firms to cushion the impact of the rising oil prices on the transport sector, these companies have the option to end the program," Energy Undersecretary J.V. Emmanuel de Dios said.
[DatePublished] => 2004-06-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 253042 [Title] => DOE, Shell close to selecting financial advisor for IPO [Summary] => The Department of Energy (DOE) and Pilipinas Shell Petroleum Corp. are in the process of selecting the so-called "third-party" financial advisor for the oil firms planned initial public offering (IPO).
Energy Undersecretary J.V. Emmanuel de Dios said Shell has already submitted the name of its chosen financial advisor.
"Shell has formally endorsed a financial advisor (a foreign investment bank). The DOE will have to agree. The idea is to have a mutually-acceptable party to address the issues confronting the proposed exercise," de Dios said. [DatePublished] => 2004-06-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 251307 [Title] => RP oil stocks good for 55 days, says DOE [Summary] => The country still has sufficient oil supply that could last for 55 days, a ranking Department of Energy (DOE) official said.
Energy Undersecretary J.V. Emmanuel de Dios said with this level of reserves, the DOE has no plans of increasing the required minimum oil inventory of oil firms.
But de Dios said if the need arises, the energy authorities can easily require the oil companies to increase their reserves.
[DatePublished] => 2004-05-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 250924 [Title] => Govt mulls more crude production from Malampaya [Summary] => The Department of Energy (DOE) is seriously studying the possibility of extracting more crude oil from the Malampaya field in northwest Palawan for domestic use amid a looming global oil crisis.
"Although the oil produced from Malampaya is not sufficient enough to cover for all our petroleum needs, we might consider looking at it as one of the options to ease the burden of the rising world crude prices," Energy Undersecretary J.V. Emmanuel de Dios said.
[DatePublished] => 2004-05-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 239441 [Title] => DOE to study new pricing benchmark of oil refiners [Summary] => The Department of Energy (DOE) will study the proposal of oil refiners Petron Corp. and Pilipinas Shell Petroleum Corp. to shift their pricing mechanism to the Mean of Platts-Singapore (MOPS) from the Dubai crude benchmark.
Energy Undersecretary J.V. Emmanuel de Dios said while the two refiners import oil products using both Dubai crude and MOPS, with this, the reality is that they should use two different benchmarks."
De Dios pointed out that as part of their monitoring, the department will always consider using these two pricing benchmarks.
[DatePublished] => 2004-02-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 234973 [Title] => DOE mulls more options in tapping other fuel sources during global crisis [Summary] => The Department of Energy (DOE) is eyeing more options, such as tapping the Malampaya deepwater gas to power project, for potential sources of fuel in case of an oil shortage in the world market.
"There are some developments from Malampaya in offshore Palawan. We need to continue our development of indigenous sources of energy. There would be certain announcement for new exploration projects in the future," Energy Secretary Vincent S. Perez said.
[DatePublished] => 2004-01-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 234587 [Title] => DOE expects oil prices to soften by Q2 [Summary] => The Department of Energy (DOE) has expressed optimism that the prevailing high level of oil prices will be temporary and should expectedly soften by second quarter.
In a press conference, Energy Secretary Vincent S. Perez attributed the DOEs optimism to the sustained increase in the production of non-Organization of Petroleum Exporting Countries (OPEC) members like Russia and Mexico.
Perez added that another major oil producer Iraq, is seen to increase its production and enter the market during this time.
[DatePublished] => 2004-01-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 229295 [Title] => LGUs back PNOC-ECs $100-M Bat-Man pipeline [Summary] => The construction of the $100-million Batangas-Manila I (BatMan I) gas pipeline by the PNOC-Exploration Corp. (EC) has gained support from the affected local government units (LGUs) in the area, a top company official said.
"What we are trying to do now is to talk to the LGUs to settle the right-of-way issues. We are conducting public consultations to get the approval of those that will directly be affected by the project. So far, they have been very cooperative," EC president Rufino Bomasang told The STAR.
[DatePublished] => 2003-11-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 228277 [Title] => DOE mulls uniform standard for diesel [Summary] => The Department of Energy (DOE) will come up with a decision soon if there is a need for the industries to comply with the new diesel specification under the Clean Air Act (CAA).
Energy Undersecretary J.V. Emmanuel de Dios said there are ongoing hearings and/or consultations with the industry stakeholders on this issue.
"We are trying to see (if the industries should follow the same standard as the automotive diesel). There is a move to study if there is a need for one standard for diesel. We are still looking at it," De Dios said.
[DatePublished] => 2003-11-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
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By Donnabelle L. Gatdula | November 17, 2003 - 12:00am
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