Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Philippines says Shell-operated Malampaya resumes gas deliveries

Wed, 15th Apr 2015 06:47

MANILA, April 15 (Reuters) - The Philippines said that alocal unit of Shell had resumed natural gas deliveriesfrom the country's Malampaya field to three major power plantsafter a month-long shutdown, but energy supply on the mainisland of Luzon remains tight.

The Department of Energy (DOE) on Wednesday urgedelectricity users to conserve energy supplies after the Luzongrid recorded its highest daily demand so far this year at 8,271megawatts (MW), with appetite likely to rise further next month.

Southeast Asia fastest-growing economy faces an electricityshortfall in Luzon because of delayed power projects, which mayhurt a revitalised manufacturing sector and booming call centreindustries.

Some 16,400 MW of new supply is planned in the country overthe next five years, but some projects have been held up byenvironmental opposition to coal-fired stations, while othersare waiting for customers to commit to long-term supply deals.

Malampaya's maintenance shutdown, which started on March 15,had added to fears over interruptions to electricity supply,prompting President Benigno Aquino to seek special powers fromCongress as early as September last year to avert brownouts.Lawmakers have yet to grant his request.

Shell Philippines Exploration BV, operator of Malampaya, hasa 45-percent stake in the gas-to-power project that fuels FirstGen Corp's 1,500 MW San Lorenzo and Santa Rita powerplants, and the 1,200 MW Ilijan plant operated by San MiguelCorp's unit, SMC Global Power Holdings Corp.

Chevron holds 45 percent of the project, while state-ownedPhilippine National Oil Co has 10 percent.

The country's power demand usually starts to rise as theweather warms in March, and then peaks in May, the DOE said in astatement. Air conditioners are typically cranked up in thesummer.

The government has called on companies with standbydiesel-fuelled power generators to help avert brownouts, askingthem to participate in the so-called Interruptible LoadProgramme (ILP).

Under the ILP, participants with loads of at least 1 MW willrun their generator sets, if needed, instead of drawing powerfrom the grid.

As of April 10, 242 companies with a combined load of 910.1MW had signed up, the DOE said, including big power users likeSM Prime Holdings Corp and Ayala Land Inc,the country's biggest mall operator and condominium builderrespectively. (Reporting by Erik dela Cruz; Editing by Joseph Radford)

More News
10 Dec 2021 12:17

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

Read more
10 Dec 2021 10:41

Shell shareholders vote for move to Britain -preliminary results

AMSTERDAM, Dec 10 (Reuters) - In a preliminary result, Royal Dutch Shell shareholders on Friday voted in favour of a plan to move the company's headquarters and its tax home to Britain.Chairman Andrew Mackenzie announced the preliminary results, ...

Read more
10 Dec 2021 10:17

Siccar Point CEO says Cambo oilfield project paused after Shell exit

LONDON, Dec 10 (Reuters) - Siccar Point CEO Jonathan Roger said on Friday that Royal Dutch Shell's decision last week not to progress the Cambo oilfield project in the British North Sea means the development will have to be paused.Siccar, which ow...

Read more
10 Dec 2021 10:08

UPDATE 1-Royal Dutch Shell shareholders expected to approve move to London

* If approved, Shell's move expected in early 2022* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Updates with colour from meeti...

Read more
10 Dec 2021 00:25

UPDATE 2-Royal Dutch Shell shareholders back plan to shift to London

* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Recasts with shareholder vote)By Toby Sterling and Ron BoussoROTTERDAM/LONDON, D...

Read more
9 Dec 2021 13:37

S.Africa energy minister defends Shell's planned seismic blasting on Wild Coast

* S.Africans protest against oil search in pristine stretch* Area home to whales, penguins, dolphins, seals* Objectors want Africa to stay poor, Gwede Mantashe saysBy Tim CocksJOHANNESBURG, Dec 9 (Reuters) - South Africa's energy minister defended o...

Read more
9 Dec 2021 10:10

UPDATE 2-European shares fall again on Omicron worries

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deutsche Bank skids after DoJ violation report* Defensive sectors cap losses* Investors eye U.S. CPI data due Friday (Updates to close)By ...

Read more
6 Dec 2021 16:58

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

Read more
6 Dec 2021 12:16

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

Read more
6 Dec 2021 12:13

UPDATE 4-BP says Brent benchmark reform should include U.S. oil, dump Brent

(Adds background)By Julia PayneLONDON, Dec 6 (Reuters) - BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have eva...

Read more
5 Dec 2021 13:57

S.Africans protest against Shell oil exploration in pristine coastal area

By Siyabonga SishiPORT EDWARD, South Africa, Dec 5 (Reuters) - South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphi...

Read more
3 Dec 2021 16:05

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
3 Dec 2021 14:31

Nigeria's Bonga oil export terminal in maintenance until next week - Shell

LONDON, Dec 3 (Reuters) - Nigeria's Bonga crude oil export terminal is undergoing planned maintenance until next week, operator Shell said on Friday.Bonga is typically one of the larger export streams from Africa's largest oil producer. It was sch...

Read more
3 Dec 2021 12:06

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

Read more
3 Dec 2021 10:19

Shell wins court case to start seismic surveys offshore South Africa

CAPE TOWN, Dec 3 (Reuters) - A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell starting seismic surveys to explore for petroleum systems off the eastern seaboar...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.