The Philippine unit of century-old Royal Dutch Shell plans to sell as much as P29.7 billion worth of shares through an initial public offering, enabling the oil firm to finally comply with a requirement of the Downstream…
WE ALWAYS hear the encouraging words of how we can be whatever we want to be. But then, life gets in the way and our dreams take a step back until we feel that we are just…
GREEN is in nowadays. As such, Pilipinas Shell Petroleum Corp. recently unveiled the successful upgrade of its oil refining facility in Tabangao, Batangas, through the STAR-TREC (Shell Tabangao Asset Renewal–Tabangao Refinery Euro-IV Compliance) project. Shell upgraded its…
TOKYO— Mitsubishi Motors Corp. says it found evidence its employees falsified fuel mileage test data for several models of vehicles. The announcement was made in April. The maker of the eK wagon and Outlander sports-utility vehicle said…
OIL FIRMS increased local retail prices this week by P1.10 a liter for gasoline, P1.50 for diesel and P1.10 for kerosene as market anticipation on proposed production cuts by exporters reflected on global trading last week (the…
OIL PRICES declined moderately this week as bullishness to the anticipated production cuts by the Organization of the Petroleum Exporting Countries (Opec) waned. Petron and Shell on Monday announced a rollback of 15 centavos per liter for…
DESPITE the slump in oil prices, the country’s leading oil distributor and refiner Petron Corp. expects to post a banner year this 2016, with net profit seen reaching P18 billion as its upgraded Bataan refinery reaches optimal…
LOCAL oil firms lowered pump prices as international lobbying for price-boosting measures such as production cuts among oil exporting countries failed to gain traction. Petron and Shell cut the prices of gasoline by P1.40 per liter, diesel…
LOCAL oil firms cut gasoline prices but raised diesel prices as trading turned volatile amid clashes between oversupply and lobbying on price controls. Petron, Shell and Seaoil reduced the price of gasoline by 70 centavos per liter,…
THE YEAR 2016 may be the year when we start breathing a little easier. Not because of the economy or the elections, but because the Philippines is finally shifting to the Euro 4 emissions standard. The…
