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Brix Lelis
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Brix Lelis
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Government seeks bids for oil, gas exploration in Bicol
by Brix Lelis - April 2, 2026 - 12:00am
Confronted with the country’s heavy reliance on imported oil, the Marcos administration is seeking challengers for petroleum exploration in the Bicol Shelf Basin.
Philippines secures 66 million kilos of LPG from 3 countries
by Brix Lelis - April 2, 2026 - 12:00am
The Philippines is set to receive 66 million kilos of liquefied petroleum gas  from the United States, Canada and Mexico, an industry representative said, providing a lifeline for industries and consumers highly...
DOE eyes fuel purchase limits
by Brix Lelis - April 2, 2026 - 12:00am
The Department of Energy is eyeing temporary fuel purchase limits – “when necessary” – to prevent hoarding amid the raging global oil crisis triggered by the US-Israel attacks on Iran.
MTerra Solar delivers 250-MW power to Luzon
by Brix Lelis - March 31, 2026 - 12:00am
Amid the ongoing energy emergency, the Luzon grid has received a major boost as Meralco PowerGen Corp. begins supplying 250 megawatts from its MTerra Solar project.
Philippines secures 2.48 million barrels of Russian oil
by Brix Lelis - March 31, 2026 - 12:00am
Petron Corp., the Philippines’ only oil refiner, has procured 2.48 million barrels of Russian crude, with more orders from Moscow likely amid ongoing disruptions in the Strait of Hormuz.
‘Petron better off with SMC; government buyback unnecessary’
by Brix Lelis - March 30, 2026 - 12:00am
With its “poor track record” in running businesses, the government should stay out of Petron Corp., as tycoon Ramon Ang is better suited to manage it – and perhaps even the country, analysts s...
ERC pushes staggered power cost recovery
by Brix Lelis - March 30, 2026 - 12:00am
The Energy Regulatory Commission (ERC) has urged power utilities to implement staggered billing with suppliers to soften the impact of rising electricity rates on consumers.
1 million more barrels of diesel arriving
by Brix Lelis - March 30, 2026 - 12:00am
The government has secured 1.04 million barrels of diesel to beef up the country’s fuel buffer, with the first shipment having arrived last week and the remainder expected next month.
Earth Hour cuts power use equal to 1 million homes
by Brix Lelis - March 30, 2026 - 12:00am
This year’s Earth Hour reduced 145.43 megawatts (MW) of power load, equivalent to the consumption of around one million households using 100 kilowatt-hours.
‘New Malampaya gas arriving at crucial time’
by Brix Lelis - March 28, 2026 - 12:00am
The anticipated delivery of new gas supply to the Malampaya field offshore Palawan this year comes at a pivotal moment amid the global oil crisis, analysts said.
RSA ready to sell Petron back to government
by Brix Lelis - March 28, 2026 - 12:00am
Tycoon Ramon Ang is still open to the government taking over Petron Corp. again if it believes it can run the company better as the country battles an energy emergency due to the Iran crisis.
Softer oil price hikes seen next week
by Brix Lelis - March 28, 2026 - 12:00am
Motorists may see a modest rise in gasoline prices next week, but diesel remains on track for another double-digit spike amid the global oil crisis.
SMIC unit bets P3 billion on geothermal hunt
by Brix Lelis - March 27, 2026 - 12:00am
Amid the ongoing global oil crisis, a subsidiary of Sy-led SM Investments Corp. is setting aside around P3 billion to harness the country’s geothermal resources.
High fuel demand lifts Shell income to P2.1 billion
by Brix Lelis - March 27, 2026 - 12:00am
Oil giant Shell Pilipinas Corp. ended 2025 with robust earnings, driven by increased fuel demand and prudent capital management.
Mining shutdown looms as Middle East war stalls fuel supply
by Brix Lelis - March 27, 2026 - 12:00am
The country’s mining industry faces the risk of shutdown if no additional fuel supplies are secured amid the escalating Middle East war, the Philippine Nickel Industry Association warned.
Power spot market trading suspended
by Brix Lelis - March 27, 2026 - 12:00am
The Energy Regulatory Commission has suspended spot market electricity trading as the global oil crisis threatens to push power prices higher by over P5 per kilowatt-hour (kWh).
‘No LPG shortage, but prices to spike’
by Brix Lelis - March 27, 2026 - 12:00am
While the country’s liquefied petroleum gas supply remains adequate, the price of an 11-kilo tank is expected to approach P1,500 next month.
Hydro business powers First Gen profit to P15.2 billion
by Brix Lelis - March 26, 2026 - 12:00am
Lopez-led FirsLopez-led First Gen Corp. delivered higher earnings last year on the back of robust hydro business, which helped offset rising costs and weaker spot market prices.t Gen Corp. delivered higher earnings...
Japanese banks back ACEN wind venture in India
by Brix Lelis - March 26, 2026 - 12:00am
ACEN Corp. of the Zobel family has secured P4.78 billion (7.52 billion rupees) in financing from two Japanese banks to partially fund its large-scale wind project in India.
Thin reserves put power grids at risk
by Brix Lelis - March 26, 2026 - 12:00am
While the country’s electricity supply stays sufficient, a think tank has warned that the Visayas may face possible power outages due to thin reserves and higher demand this dry season.
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