+ Follow ENERGY SECRETARY MARIO V Tag
ENERGY SECRETARY MARIO V
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[0] => Array
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[ArticleID] => 96822
[Title] => Shell, Caltex to defer IPO
[Summary] => Two major oil players — Pilipinas Shell Petroleum Corp. and Caltex Philippines, Inc. — will request for a two to three year deferment of their initial public offering (IPO), which under the law should be undertaken next month.
"We are requesting for a flexibility period of two to three years," Shell country chairman Oscar Reyes, said, over the weekend. He said they have advised the government that given the current state of market right now, an IPO would not be favorable both to the government and the company.
[DatePublished] => 2001-01-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
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[ArticleID] => 96703
[Title] => Malampaya gas flowing soon
[Summary] => Shell Philippines Exploration (SPEC), a member of the Shell Group, expects to deliver natural gas from its offshore Malampaya exploration area as early as June this year, a company official said yesterday.
SPEX managing director David Greer said that with this development, they hope to start commercial operations of natural gas earlier than the January 2002 target.
Greer said they are ahead of schedule since they projected that they would complete the development work in the exploration site by end of 2001.
[DatePublished] => 2001-01-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
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[ArticleID] => 98387
[Title] => Leaded gasoline finally phased out
[Summary] => Leaded gasoline has been phased out. In accordance with the provisions of Republic Act (RA) 8749, otherwise known as the Clean Air Act (CAA) of 1999, all the oil companies in the country have stopped selling leaded gasoline since last Dec. 23.
"All over the world, countries have been taking out the lead in their fuel because studies have confirmed its harmful effects on the environment and on our health," Energy Secretary Mario V. Tiaoqui said.
[DatePublished] => 2001-01-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
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[ArticleID] => 98378
[Title] => Caltex voices concern over amount of rollback of oil prices
[Summary] => Caltex Philippines Inc. has expressed concern over the reported price range for a rollback of prices of local petroleum products next month.
In a statement, Caltex said that the price range is only based on month-on-month factors of Dubai crude and the peso value, and does not take into account other factors such as the socio-political climate, high interest rates, and previous under recoveries.
[DatePublished] => 2000-12-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 98358
[Title] => Oil firms say price rollback likely in January
[Summary] => Oil companies agreed yesterday that a price rollback is possible next month, but not by P1 per liter as suggested by Energy Secretary Mario V. Tiaoqui.
Executives of Petron Corp. , Pilipinas Shell Petroleum Corp. and Unioil Petroleum Corp.
[DatePublished] => 2000-12-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 98332
[Title] => Task force set to decide on predatory pricing issue
[Summary] => The Task Force on Predatory Prices will decide within one month the allegations unfair business practices raised by certain quarters against Petron Corp. Pilipinas Shell Petroleum Corp. and Caltex Philippines, Inc.
The task force is composed of representatives from the Department of Energy (DOE) and the Department of Justice (DOJ) with Energy Undersecretary Ben Hur Salcedo as head.
On or before the one-month period, the task force will decide if there are grounds for prosecuting the alleged violators.
[DatePublished] => 2000-12-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
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[ArticleID] => 98221
[Title] => PGI to retain partnership with Tanco
[Summary] => Despite the controversy surrounding the deal, the Philippine Geothermal Inc. (PGI), operator of the steamfields in Tiwi, Legaspi, and Makiling and Banahaw in Laguna, said it does not plan to rescind its partnership with businessman Eusebio Tanco Jr.
The PGI position was made public after several quarters were reportedly interested in acquiring the 60-percent stake in the Power and Renewable Energy Corp. (Power Corp.), a joint venture between PGI and Tanco.
[DatePublished] => 2000-12-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
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[ArticleID] => 98177
[Title] => Petron in the red by P2 B this year
[Summary] => Industry leader Petron Corp. is in the red by P2 billion and its losses are still mounting due to its inability to raise its prices, Energy Secretary Mario V. Tiaoqui said yesterday.
In a radio interview, Tiaoqui pointed out that the prices of Dubai crude have increased by more than 200 percent since March 1999 while local oil companies were able to raise their pump prices by just a little over 60 percent over the same period.
In a recent report, Petron said it lost P1.5 billion in the first nine months and another P200 million in October alone.
[DatePublished] => 2000-12-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
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[ArticleID] => 98127
[Title] => DOE to oil firms: Price hike now, rollback next mo
[Summary] => If the oil companies increase their prices this month, the government will ask them to rollback their prices by the same amount next month, the Department of Energy (DOE) said yesterday.
In an interview, Energy Secretary Mario V. Tiaoqui said they have been talking with the oil companies individually in a bid to forestall any price adjustments this month. Tiaoqui said that if the oil companies insist on jacking up prices this month, "they will have to rollback the same amount next month."
[DatePublished] => 2000-12-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 98079
[Title] => Task force to look into charges of predatory pricing vs top oil firms
[Summary] => The Department of Energy (DOE) and the Department of Justice (DOJ) will convene a task force to look into allegations of predatory pricing against Petron Corp., Pilipinas Shell Petroleum Corp., and Caltex Philippines Inc.
"The task force will be convened and they will have to conduct hearings about the claim," Energy Secretary Mario V. Tiaoqui told The STAR in an ambush interview.
[DatePublished] => 2000-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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January 22, 2001 - 12:00am
December 25, 2000 - 12:00am
