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Petron launches Euro 4-compliant gas

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Petron Corp. recently launched the country’s first Euro 4 compliant premium gasoline, the Petron Blaze 100 Euro 4.

Posted: June 13th, 2013 in Headlines | Read More »

Jetti sets aside P100M to open more branches

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Independent player Jetti Petroleum has set aside at least P100 million to further expand its retail network to a total of 120 gas stations by yearend.

Independent player Jetti Petroleum has set aside at least P100 million to further expand its retail network to a total of 120 gas stations by yearend.

Posted: May 6th, 2013 in Latest Business Stories | Read More »

Meet Solane, the former Shellane

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Solane plant

With a new name that is still unfamiliar even to its old customers, Solane is counting on enhanced client service to reestablish itself in the liquefied petroleum gas (LPG) market, even increase its market share.

Posted: April 1st, 2013 in Latest Business Stories | Read More »

Seaoil earmarks P1.1B for expansion in ’13

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Seaoil Philippines, an independent fuel retailer, is spending another P1.1 billion this year to further expand its retail network. The goal is to reach a total count of 400 stations by the end of 2013.

Posted: March 11th, 2013 in Headlines | Read More »

Petron plans to raise more funds via securities issuance

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‘PASSION for Porsche’ collectibles

Petron Corp., the country’s largest oil refiner and distributor, is set to issue dollar-denominated securities to raise additional funds, on top of the $500 million it raised in February this year.

Posted: March 7th, 2013 in Headlines | Read More »

Global refining industry shifts to Middle East

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A flame from a Saudi Aramco oil installion known as "Pump 3" is seen in the desert near the oil-rich area of Khouris, 160 km east of the Saudi capital Riyadh, on June 23, 2008. As high oil prices and improved efficiency force refineries in the US and Europe toward closure, the industry is shifting toward the Middle East and Asia in a move fueled by a thirst for energy among emerging economies.  AFP PHOTO/MARWAN NAAMANI

As high oil prices and improved efficiency force refineries in the US and Europe toward closure, the industry is shifting toward the Middle East and Asia in a move fueled by a thirst for energy among emerging economies.

Posted: October 7th, 2012 in Latest Business Stories | Read More »

HK firm puts P9B project on hold

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Computer rendition of the proposed LNG terminal  FROM ENERGYWORLDCORP.COM

Hong Kong-based Energy World Corp. Ltd. has temporarily put on hold the construction of its proposed P9-billion liquefied natural gas (LNG) hub terminal and regasification facility in Quezon due to concerns raised by the provincial government.

Posted: September 25th, 2012 in Headlines | Read More »

Brunei eyes LNG facilities in Mindanao

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The Agus7 power facility in Fuentes, Iligan City. The energy ministry of Brunei Darussalam has expressed interest to put up liquefied petroleum gas facilities in Mindanao, according to Energy Secretary Jose Rene D. Almendras. A recent World Bank study on the feasibility of LNG projects in Mindanao has identified Iligan as among several potential locations.  PHOTO FROM ILIGAN.GOV.PH

The energy ministry of Brunei Darussalam has expressed interest to put up liquefied natural gas (LNG) facilities in Mindanao, including the construction of a 300-megawatt gas-fired power plant to serve as an anchor load.

Posted: September 19th, 2012 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Crude down in Asia on US, Europe worries

Crude prices were lower in Asian trade Wednesday with weak US growth data and debt worries in Europe weighing on the market, analysts said.

Posted: November 23rd, 2011 in Latest Business Stories | Read More »

Oil firms roll back fuel prices Sunday

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AFP PHOTO

Local oil companies have slashed prices of petroleum products starting Sunday to reflect significant movements in the global oil market.

Posted: November 6th, 2011 in Featured Gallery,Latest Business Stories | Read More »

6 oil firms willing to open books in response to ‘overpricing’ allegations

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MANILA, Philippines—Six oil companies belonging to the Philippine Institute of Petroleum (PIP) said they would “open their respective books” if asked to do so, amid allegations of overpricing and cartel, and calls for greater disclosure from the downstream oil players. In a statement issued Sunday, PIP said its member companies—Chevron (Philippines) Inc., Liquigaz Philippines Corp., [...]

Posted: October 16th, 2011 in Latest Business Stories | Read More »

Crude prices mixed in Asia

SINGAPORE – Crude prices were mixed in Asia Tuesday as traders cheered on a Franco-German debt rescue commitment and exports from oil-producing Kuwait were disrupted, analysts said. New York’s main contract, light sweet crude for delivery in November, was up 18 cents to $85.59 per barrel. Brent North Sea crude for November delivery dipped 14 [...]

Posted: October 11th, 2011 in Latest Business Stories | Read More »

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