Archive for the ‘oil and gas’ Category:
Philippine Oil Pump Price Bulletin 18 – August 5, 2009
Philippine Oil Pump Price Bulletin 18 – August 5, 2009
“Oil firms raise gas, diesel prices by P1 per liter” is the title of Philippine Star Wednesday’s issue of 5 August 2009 written by Mr. Ted Torres.
Philipinas Shell, Petron Corp., Chevron/Caltex Phils. and Phoenix Petroleum Phils. have increased the pump prices of gasoline and diesel by P1.00 per liter while the price of kerosene was hiked by P0.50 per liter. The price adjustment took effect at midnight.Oil companies cited the need “to reflect movements in international oil prices and reflect local market competition.” Unioil increased the price of diesel by P1.40 per liter last Saturday. “This is the first time that Unioil will have a price increase as response to the P2.00 increase by competition implemented last week”, Unioil said. As you recall, Total Philippines Corp. and Petro Corp increased pump prices by P2.00 per liter for gasoline, diesel and kerosene last week. More »
Philippine Oil Pump Price Bulletin 17 – July 29, 2009
Philippine Oil Pump Price Bulletin 17 – July 29, 2009
“Total, Petron hike oil prices” is the title of Philippine Star Monday’s issue of 29 July 2009 written by Mr. Ted Torres.
Total Philippines Corp. and Petro Corp also increased pump prices by P2.00 per liter for gasone, diesel and kerosene yesterday. The two oil companies joined Pilipinas Shell Petroleum, Chevron (Caltex) Philippines and SeaOil, which earlier announce a hike in their pump prices. Total and Petron said that the price hike reflected increasing regional and global oil prices as well as increases in production costs. More »
Philippine Oil Pump Price Bulletin 16 – July 20, 2009
Philippine Oil Pump Price Bulletin 16 – July 20, 2009
“Oil companies cut diesel, gas prices” is the title of Philippine Star Monday’s issue of 20 July 2009 written by Ms. Donnabelle Gatdula.
Oil companies Pilipinas Shell, Petron and SeaOil are reducing diesel and gasoline prices by P0.50 and P0.25 per liter, respectively, effective today. Other oil companies are also expected to follow the price adjustments to remain competitive. More »
Philippine Oil Pump Price Bulletin 15 – July 11, 2009
“Gas prices cut by P1.50” is the title of Saturday’s issue of 11 July 2009.
Only last Monday, they increased gasoline prices by P0.50 per liter, but reduced diesel and kerosene prices by P0.50 per liter. Crude refiner Pilipinas Shell and product importers Phoenix Petroleum and SeaOil initiated the price reduction. As of press time, the other oil companies have yet to follow the price cut. Shell spokesman Roberto Kanapi announced last Thursday that they anticipated a price rollback due to continuing drop in petroleum prices. More »
Philippine Oil Pump Price Bulletin 14 – July 7, 2009
Philippine Oil Pump Price Bulletin 14 – July 7, 2009
“Gas prices go up, diesel down” is the title of Tuesday’s issue of 7 July 2009.
Oil major Pilipinas Shell and oil minor SeaOil are increasing today the prices of their gasoline by P0.50 per liter effective today. But Shell and SeaOil announce that prices of diesel and kerosens would go down by P0.50 per liter also today. Shell officieals said the recent price adjustments were consistend with the movements of world crude prices. Other oil companies have yet to announce their respective adjustments as of press time. More »
Philippine Oil Pump Price Bulletin 13 – 27 June 2009
Philippine Oil Pump Price Bulletin 13 – 27 June 2009
“LPG Price up by P3/kg” is the title of Saturday’s issue of 27 June 2009.
The price of liquefied petroleum gas (LPG) or cooking gas will increase by P3 per kilo or P33 per 11-kg cylinder effective today. This developed as the Department of Energy (DOE) said that based on price tends, there might be a price reduction on pump prices of gasoline and diesel next week. DOE Oil Industry Monitoring Bureau (OIMB) director Zenaida Monsada said based on DOE monitoring, they expect a possible rollback of P1 per liter for diesel and gasoline. More »
Philippine Oil Pump Price Bulletin 12 – 23 June 2009
Philippine Oil Pump Price Bulletin 12 – 23 June 2009
“Oil firms raise prices anew” is the title of Tuesday’s issue of 23 June 2009.
Oil major Shell and Petron and small players Total and Eastern Petroleum are increasing their gasoline and diesel prices by P0.50 per liter effective today. Last week, the oil companies also raised their gasoline prices by P0.50 while diesel and kerosene prices were raised by P1.00 per liter. They attributed the continuing rise in prices of petroleum products to their increases abroad. Shell, Petron and Total would also increase its kerosene price by P0.75 per liter while Petron has raised its LPG retail price to P507 per 11 kg cylinder. More »
Philippine Oil Pump Price Bulletin 11 – 12 June 2009
Philippine Oil Pump Price Bulletin 11 – 12 June 2009 news flash
“Shell, Flying V” is the title of today’s Thursday issue of 11 June 2009. Oil major Shell and small player Flying V are increasing their gasoline prices by P0.50 per liter and diesel prices by P1.00 per liter effective today, Thursday. Last Sunday, the oil companies also raised their gasoline prices by P1.00 while diesel and kerosene prices were raised by P1.50 per liter. More »
Philippine Oil Pump Price Bulletin 10a – 9 June 2009 news flash
Philippine Oil Pump Price Bulletin 10a – 9 June 2009 news flash
“3 oil firms raise prices” is the title of today’s Sunday issue of 7 June 2009.
Oil major Shell and small player Total are increasing their gasoline prices by P1.00 per liter and diesel and kerosene prices by P1.50 per liter effective today, Sunday. Except for its kerosene, small player Seaoil said it is also raising its gas and diesel prices today by the same P1.00 and P1.50 for gasoline and diesel, respectively. Shell Vice President for Communications, Mr. Bobby Kanapi, said the price increases reflected higher product costs in the world market. Last Tuesday, most oil companies raised their gasoline prices by P0.50 per liter and diesel prices P0.75 per liter. More »
Philippine Oil Pump Price Bulletin 9 – 3 June 2009
Philippine Oil Pump Price Bulletin 9 – 3 June 2009
In yesterday’s Philippine Star article “Gas, LPG prices up” dated 2 June 2009, it was reported that oil major Shell will increase pump prices by P0.50 per liter of gasoline and P0.75 per liter of diesel effective today due to rising prices of crude oil and oil products in the international market. Also, the price of liquefied petroleum gas (LPG) or cooking gas increased by P1.50 per kg or P16.50 per 11-kg LPG tank due also to the rise in the international contract prices. According to Arnel Ty, the President of the LPG Marketers Association of the Philippines (LPGMA), the latest LPG hike would form part of the total P2.50 per kg increase that their group will implement. More »
The Big Three Oil Company Depots Allowed to Stay in Pandacan – says Manila Mayor Alfredo Lim
The Big Three Oil Company Depots Allowed to Stay in Pandacan – says Manila Mayor Alfredo Lim
In today’s 29 May 2009 edition of Philippine Star “Lim allows oil depot to stay” as the Manila Mayor Alfredo Lim signed yesterday (May 28) a new city Ordinance 7177 that will allow the Big Three (Petron, Shell, Chevron/Caltex) oil companies to continue operating the Pandacan Oil Terminal complex as well as other industries in the city to stay, despite apprehension over possible terrorist attacks and accidents.
Mayor Lim signed city Ordinance 7177, which amends Ordinance 8027 creating Medium and Heavy Industrial Zones, as residents and supporters of the retention of the Pandacan Oil Terminal cheered the signing. (The previous Manila Mayor and now Environment (DENR) Secretary Lito Atienza and his Manila Council then passed Ordinance 8027 reclassifying the Pandacan area as residential zone from its previous industrial zone classification.) More »
The Big Three Oil Company Depots Will Be Allowed to Stay in Pandacan? – pros and cons
The Big Three Oil Company Depots Will Be Allowed to Stay in Pandacan? – pros and cons
In yesterday’s issue of Philippine Star dated 27 May 2009 captioned “Lim to allow oil depots to stay in Pandacan?”, it appears that Manila Mayor Alfredo Lim is set to sign a controversial Ordinance 7177 (reclassifying Pandacan as industrial zone) allowing the oil depots to remain in Pandacan following an unprecedented meeting at the Petron Corporation oil depot complex which was attended by no less than President Gloria M. Arroyo, cabinet officials and oil company executives.
The meeting was held at the ground floor of the Petron Pandacan Terminal while GMA was presiding a Cabinet meeting two floors above. The ground floor dialogue was attended by Cabinet members headed by Executive Secretary Eduardo Ermita, Trade & Industry (DTI) Secretary Peter Favila, Defense (DND) Secretary Gilbert Teodoro, Environment (DENR) Secretary Lito Atienza, Energy (DOE) Secretary Angelo Reyes, Labor (DOLE) Secretary Marianito Roque and Transportation (DOTC) Secretary Leandro Mendoza. More »
Philippine Oil Pump Price Bulletin 8 – 26 May 2009
Philippine Oil Pump Price Bulletin 8 – 26 May 2009
In today’s Philippine Star dated 26 May 2009, it was reported that oil major Shell and oil minor Total will increase gasoline and diesel pump prices by P1.00 per liter effective today due to rising prices of crude oil and oil products in the international market.
As of May 18 Philippine Department of Energy (DOE) monitoring, the month-to-date average of benchmark Dubai crude oil used by crude oil refiners (Petron and Shell) increased by $6/bbl. Similarly, the Mean of Platts Singapore (MOPS) used by oil importers (e.g. oil major Chevron/Caltex and other oil minors) of gasoline moved higher by $5/bbl while diesel moved higher by $4/bbl. More »
How to Calculate Petroleum Pump Prices – two methods presented
How to Calculate Petroleum Pump Prices – two methods presented
In order to promote transparency in the pricing of petroleum and other oil products, your favorite energy technology expert would like to share his insights and experience over the years in oil and energy pricing in general. As a first step, the author Engineer Marcial T. Ocampo, will present two methods for estimating pump prices. As you recall, our very own National Economic Development Authority (NEDA) Secretary opined that Philippine oil pump prices are P8/liter more than what they should be. The Secretary, however, did not provide sufficient details to verify his calculations. More »
Philippine Oil Pump Price Bulletin 7 – 20 May 2009
Philippine Oil Pump Price Bulletin 7 – 20 May 2009
In today’s Philippine Star dated 19 May 2009, it was reported that oil major Shell and oil minor Total will increase gasoline pump price by P1.50 per liter effective today due to rising prices of crude oil and oil products in the international market. Diesel and kerosene prices will likewise be increased by P0.50 per liter.
Based on Philippine Department of Energy (DOE) monitoring report, the month-to-date average of benchmark Dubai crude oil used by crude oil refiners (Petron and Shell) increased by $5/bbl. Similarly, the Mean of Platts Singapore (MOPS) used by oil importers (e.g. oil major Chevron/Caltex and other oil minors) of gasoline and diesel moved higher by $4/bbl in the first week of May. More »
Thanks to the visitors of my energy technology and pricing blog – my global audience and expertise
Thanks to the visitors of my energy technology and pricing blog – my global audience and expertise
Since the start of my blog, a number of readers throughout the world have visited my blog. As an author and blogger, I am deeply honored and very happy with the response and continued interest.
Your support will surely be appreciated as it gives me greater hope that by sharing my expertise and experience, I would be able to foster greater understanding on the various market, technical, environmental, social, economic and financial aspects of providing energy to support global economic growth.
It is only with sustainable and cost-effective provision of energy such as electricity, process heat and space cooling/heating and lighting that both developed and developing economies will continue to provide the growth needed keep the global economy at pace with population growth, otherwise, poverty and underdevelopment will continue.
Again, cheers to our readers worldwide. To those who donated and ordered my spreadsheets on cost of power generation technologies, levelized cost of energy and electricity, simple gas turbine, clean coal technology, etc, a million thanks for supporting your energy technology expert.
Thanks also to a leading energy and exploration company for engaging my services in preparing the market, technical, economic and financial model and feasibility study for a lignite coal-fired CFB and a natural gas-fired CCGT power plants. More »
Philippine Oil Pump Price Bulletin 6 – 12 May 2009
Philippine Oil Pump Price Bulletin 6 – 12 May 2009
In today’s Philippine Star dated 12 May 2009, it was reported that oil major Petron and oil minors Total, SeaOil and PTT will increase gasoline and diesel oil pump prices by P1.50 per liter effective today due to rising prices of crude oil and oil products in the international market.
The Philippine Department of Energy (DOE) monitoring reported that as of May 8, the benchmark price of gasoline in Singapore (Mean of Platts Singapore) rose by $4/bbl from April’s average of $60.74/bbl to $64.74/bbl. Similarly, the benchmark price of diesel (MOPS) increased by the same $4/bbl from April’s average of $60.08/bbl to $64.08/bbl. On the other hand, the benchmark price of Dubai crude oil that is used by crude oil refiners Petron and Shell rose from April’s average of $50.10/bbl to $55/bbl. More »
Philippine Oil Pump Price Bulletin 5 – 05 May 2009
Philippine Oil Pump Price Bulletin 5 – 05 May 2009
The world just witnessed one of the best boxing fights with the greatest Philippine boxer Manny Pacquiao defeating the greatest British boxer Ricky Hatton in Round 2. Both trained hard and gave it all, but in the end, only the best became victorious. Their dedicated pursuit of their dreams surely serves as an inspiration to all peoples of mankind – make your own dreams, pursue it relentlessly, train hard for it, and in the end, leave everything to your God to decide which the best man to win. I guess no one lost – but rather everyone gained a valuable lesson. As they said, success only comes to those willing to make sacrifices.
Once again the world was gifted with another price roll back by the oil majors and minor players. In today’s 5 May 2009 Philippine Star, Shell, Caltex and SeaOil announced a P1.50/liter rollback for gasoline, P0.25/liter for diesel, P0.25/liter for kerosene and P0.40/kg for LPG effective 12:01 pm. On the other hand, Petron and Total announced a similar reduction for gasoline, diesel and kerosene of P1.50, P0.25, P0.25 per liter, respectively, effective 6:00am. However, Petron and Total announced a smaller reduction of P0.25/kg for LPG.
NEWS FLASH AS OF 7:19PM MANILA TIME: Petron and Total announced a P0.40/kg reduction of LPG to match that of Shell, Caltex and SeaOil. More »
A Survey on Oil Pump Prices – Philippine Oil Pump Price Bulletin 4 – 01 May 1, 2009
A Survey on Oil Pump Prices – Philippine Oil Pump Price Bulletin 4 – 01 May 1, 2009
This time, I am still holding my breath because of the fast pace of changes in the international crude oil and product posted prices and its immediate impact on domestic prices of oil products. One week, its gone up, only to be followed by a price reduction the next week as the prices of crude oil and products move in unison with changes in the Philippine peso with the US dollar.
NEDA Secretary Says Domestic Pump Price is Over-priced by P8/Liter (??) More »
The Ultimate Commuter Vehicle Concept – electric regenerative renewable
The Ultimate Commuter Vehicle Concept – electric regenerative renewable
In the recent automotive show in New York, visitors commented that “why only now are the big three motors of USA offering energy efficient compact vehicles after receiving massive government budget support?” Some commented that “have they not seen the writing on the wall several years back when the Japanese and other European car makers have started to include advanced technologies that provide greater fuel economy?” Finally some said “had the US car manufacturers and American consumers invested in fuel-efficient vehicles, the world oil price would have not soared to such $147 per barrel heights, the world would have avoided a global recession, and this global meltdown woud not have happened at all”
I guess these are all speculative, but it is never too late to do the right thing –> build fuel-efficient cars, save money on fuels, conserve oil so as not to drive its price upward, clean the environment and avoid global warming, and so on.
My concept of the ultimate vehicle consists of the following:
1) A small engine, perhaps of lawn-mower size, be it a spark-ignition, compression ignition or fuel cell, to drive an energy efficient electric generator (both prime mover engine and generator should be of best design and highest efficiency).
2) The electric generator charging an array of batteries of the best storage technology. The prime mover engine turns on only when the voltage of the battery pack goes lower than its set point.
3) The batteries drive the energy efficient electric motors or drive shafts on each wheel (either 2 wheel or 4 wheel drive).
4) The 4 wheels of the vehicle should be of such design that it has minimum rolling resistance, the vehicle itself is lightweight and made of composite materials that make it both strong but lightweight.
5) During day time, the batteries are primarily charged using solar PV cells, or in the absence of adequate sunlight and the voltage drops, the small engines cut in to drive the generator to charge the batteries.
6) When the vehicle is parked and there is no sunlight, it is charged using small wind vanes that could be deployed and retracked from the car’s ceiling.
