Rappler's latest stories on oil companies
Abu Dhabi's ADNOC sells pipeline firm stake to foreign investors
A consortium acquires a 49% stake in Gas Pipeline Assets, a newly formed subsidiary of Abu Dhabi National Oil Company
Oil giant BP to cut 10,000 jobs on virus fallout
BP CEO Bernard Looney says oil prices have plunged 'well below the level' the group needs 'to turn a profit'
Petrobras books steep loss amid 'worst crisis in 100 years'
The earnings of Brazil's Petrobras in the 1st quarter of 2020 are down more than 1,300% compared to a year ago, as the coronavirus pandemic hits oil demand
Royal Dutch Shell cuts dividend for first time since WWII on oil crisis
With oil prices plummeting, Royal Dutch Shell sinks into a $24-million net loss in the 1st quarter of 2020
Energy firm BP cuts spending by 25% as virus slashes oil demand
'This may be the most brutal environment for oil and gas businesses in decades, but I am confident that we will come through it,' says BP CEO Bernard Looney
Over 10% of retailers already imposed last round of fuel tax hike – DOE
The final increase in excise tax under the TRAIN law can only be imposed on new stocks acquired in 2020, not on oil produced or imported in 2019
Duterte picks outgoing Air Force chief to head gov't oil exploration corporation
Outgoing Air Force chief Lieutenant General Rozzano Briguez replaces former Philippine National Oil Company Exploration Corporation head Pedro Aquino Jr, who was sacked due to 'loss of confidence'
DOE to oil firms: Use up old inventory first before slapping new tax
The Department of Energy says oil companies may face large-scale estafa charges if they slap the TRAIN law's new taxes on old stocks in 2020
CHR: Big oil, cement firms legally, morally liable for climate change effects
'We have found, based on the evidence presented before us and also our own research, that carbon majors may in fact be held morally liable and legally liable,' says the Philippines' Commission on Human Rights
Saudi regulator approves Aramco share offering
The IPO is the linchpin of Crown Prince Mohammed bin Salman's plan to revamp Saudi Arabia's economy and wean it off a decades-long dependence on oil
Dennis Uy denies China oil firm ghosted him
Dennis Uy's Phoenix Petroleum says it is still in talks with China National Offshore Oil Corporation for a $2-billion joint venture
Saudi Arabia committed to Aramco IPO – crown prince
The planned initial public offering of Saudi Arabian oil conglomerate Aramco is expected to be the world's largest stock sale
Duterte EO removes obstacle to oil exploration deal with China firm
With Executive Order No. 80, public bidding is no longer required for PNOC Exploration Corporation to tap firms hoping to participate in its petroleum service contracts
Supreme Court rules BIR can't collect P3-B tax from Petron, Shell
Dubbed as the tax refund scam of the 1990s, Petron and Shell win big in the Supreme Court
COA defies 3 admins: Contractors should pay P146B Malampaya tax
Shell, Chevron and Philippine National Oil Company-Exploration Corporation (PNOC-EC), or collectively known as the Malampaya Consortium, were allowed not to pay P146.7 billion in income taxes by Presidents Arroyo, Aquino and Duterte
Petron gets income boost from Bataan refinery
Ramon Ang, chief of the country's largest oil retailer, says 'stable and improved operating efficiencies' in Bataan significantly contributed to the company's performance in the 1st quarter of the year
Oil firms cut prices for 2nd straight time
The price of gasoline goes down by P1.05 per liter, diesel by P1.25 per liter, and kerosene by P1.20 per liter on Sunday, February 18
Petron to file corruption charges vs PNOC president
The listed oil refiner is already locked in a legal battle with the state-run Philippine National Oil Company over a contract dispute
Petron seeks TRO vs state-run PNOC over contract dispute
The feud between the listed oil refiner led by tycoon Ramon Ang and the Philippine National Oil Company goes to court, after the state-run firm allegedly violated their lease agreements
Meralco to bid alone for AES' coal plant in Zambales
Meralco won't have a partner when it bids for a controlling stake in the facility. It'll likely compete with San Miguel and Aboitiz Power.
18 die in Russia as bus plunges into sea
UPDATED A spokesman for OTEKO the conglomerate which owns Tamanneftegaz says the bus was carrying people who were working on the company s construction site but who were not employed by the company directly
Phoenix Petroleum offers to pay taxes in advance
This marks the first time any oil company has volunteered to pay its taxes in advance to show support for a government program
Indonesia's Pertamina to take stake in French oil company
Already present in Algeria Pertamina would expand its footprint in Africa by acquiring Maurel Prom which has operations in Gabon and Tanzania
Shell takes Malampaya tax dispute vs PH to int'l arbitration body
Shell Philippines Exploration BV has raised its tax dispute with the Philippine government before the International Centre for Settlement of Investment Disputes
PNOC may proceed with BatMan pipeline without Congress OK
The project involves building a 120 km underground natural gas pipeline from Batangas to Navotas
Gov't firm looking into fuel stockpiling
Low oil prices make stockpiling fuel an attractive option but can the government and private sector handle it?
Plaridel Bypass, 2 other PPPs set for NEDA Board
Projects up for the NEDA Board s final approval are: the Plaridel Bypass Toll Road Philippine Travel Center Complex and Batangas Manila 1 Natural Gas Pipeline
Malampaya kicks off gas production from new platform
The first Filipino designed and built offshore platform will help maintain the level of gas production to fulfill existing gas sales agreements
Gas well found in Isabela
UPDATED An energy official says it is too early to determine if the discovery is commercially viable
Malampaya contractors, not DOE, should appeal COA ruling
Energy Secretary Carlos Jericho Petilla also says that if state auditors will order his department to collect the P53 14B taxes from the contractors the agency has no choice but to comply
Malampaya contractor seeks DOE guidance over COA ruling
Shell Philippines Exploration B V says it will consult with the energy department and co contractor Chevron after the state auditors order them to pay P53 14B in taxes
COA orders Malampaya contractors to pay gov't P53B taxes
UPDATED State auditors say there is no provision in the law that provides that the income taxes of the contractors will be part of the government s share in project proceeds
PNOC eyes tie-up with BP to build depot facilities
The proposed tie up is one of the measures to help alleviate falling revenues due to low oil prices
8 dead, Pinoy and Austrian missing after ISIS attack in Libya
An Austrian and a Filipino who worked for a services company are missing after the attack on a Libyan oilfield
Libya oil depot fire rages, raising fears of major disaster
A spokesman for the National Oil Company says The firefighters have now left the scene The situation is out of control
SC asked: Void expired PH-China offshore oil exploration pact
Petitioners allege that the JMSU violates the Constitution for not being able to follow a provision limiting who can partner with the government in exploring the country s natural resources
Chevron, Shell are world's leading carbon-emitting companies
A study lists down the 90 fossil fuel companies responsible for 63 of the world s carbon emissions since the Industrial Revolution
Singapore pledges to pursue companies behind smog
Singapore announced it would pursue local firms found to be involved in the Indonesia forest fires causing haze in the city state
Palm oil companies behind Singapore smog: Greenpeace
A team has investigated eight companies suspected to be behind the fires in Indonesia
Bataan to develop Limay industrial estate
Bataan governor elect Albert Garcia along with DOE officials are drafting the Implementing Rules and Regulations of Republic Act 10516 expanding the use of an industrial estate in Limay town
Death toll in Mexico oil firm blast rises to 25: gov't
3rd UPDATE The interior minister also says 100 people were injured but it was hard to know whether anybody else was trapped
Indonesian court fines palm oil giant for tax evasion
Indonesia s Supreme Court orders Asian Agri to pay more than 390 million to the state for tax evasion
