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Pilipinas Shell Petroleum Corp.
#61
...SHLPL confirms charging stations project with QEV

PSPC Signs Agreement to Install EV Charging Infra in the Philippines

Pilipinas Shell Petroleum Corporation (“PSPC”) and QEV Philippines (“QEV”) signed a memorandum of agreement (“Agreement”) on 05 October 2017 to put up the first electric vehicle (“EV”) fast charging infrastructure network in the country. The first installations of the charging stations will happen in December 2017.

The Agreement cites an initial 100 pilot sites using PSPC’s strategically located Retail Stations in Metro Manila as EV charging posts. The charging posts will be supplied by ABB, the Swiss multinational company specializing in robotics power and automation technology that installed EV charging posts all around Europe and in many parts of the world.

The Agreement was signed in the presence of Hon. Alfonso G. Cusi, Secretary of the Department of Energy, along with Undersecretary Jess Posadas and Assistant Secretary Gerardo Erguiza, Jr. Secretary Cusi said, “You come up with a better, safer vehicle for the public. Drivers will earn more so it’s a win-win for all.”


source: http://edge.pse.com.ph/openDiscViewer.do...mhtW2.dpbs
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#62
...renewable energy is the future of fuel Tongue

Shell to jump on RE bandwagon

SHELL Philippines has informed the National Renewable Energy Board (NREB) that it is joining the renewable-energy (RE) bandwagon soon.

“Shell will enter the RE sector,” announced NREB Chairman Jose M. Layug Jr. in a recent RE event organized by the Dutch Embassy. “They will start vey soon. It’s high time they do it. We welcome this,” Layug added in an interview when asked to elaborate on Shell’s plans.

No particular RE power source was committed to the NREB, Layug said, adding that Shell is “open to any RE” and that “they will start looking for potential RE source”.

RE includes solar, hydro and wind, among others.

Shell has announced in December last year that it was exploring various business models in preparation for its new investment in RE, following its parent firm’s announcement that it has established a separate division, New Energies, as a conduit to invest in renewable and low-carbon power.

Pilipinas Shell President Cesar G. Romero had said that, as a starting point, solar is on top of the company’s mind. Back then, Shell did not provide a timetable for its RE plan.

“RE has been declared globally a priority,” Romero had said. “Solar power is a starting point for us.”

There are no concrete plans yet as to how the company will proceed with this, although the Shell official said it is now looking at viable commercial arrangements involving solar power. “We are open-minded to partner. Various business models are being explored, but nothing is on the table yet,” he said.


source: https://businessmirror.com.ph/shell-to-j...bandwagon/
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#63
...ang laki kasi ng ipagmumulta nila pag natalo sila eh Tongue

Shell focused on tax fight, not Malampaya extension

MALAMPAYA’S natural gas reserves can last up to 2029, the operator of the country’s offshore gas-to-power project believes, but its focus for now is not a contract extension beyond 2024 but its pending tax case with the government.

“Based on what we know… depending on the drawdown there will still be gas until 2027 to 2029,” Cesar G. Romero, Pilipinas Shell president and chief executive officer, told reporters on the sidelines of a media event hosted by the company on Wednesday night.

The often-cited timeline of 2024 “does not mean the field is zeroed out,” said Mr. Romero, who also chairs all Shell companies in the Philippines.

Shell companies in the Philippines include Shell Philippines Exploration B.V. (SPEx).

SPEx and consortium partners Chevron Malampaya LLC and PNOC Exploration Corp. operate the Malampaya natural gas platform, which fuels several power plants in Batangas and supplies Pilipinas Shell’s refinery and compressed natural gas refilling station. The project delivers about a fifth of the country’s electricity requirements.

In July last year, SPEx filed a new arbitration case against the state before the International Centre for Settlement of Investment Disputes, a World Bank-backed independent dispute-settlement institution based in Washington D.C.

SPEx, a unit of Anglo-Dutch company Royal Dutch Shell plc, previously challenged the interpretation of the Commission on Audit (CoA) in the computation of the 60-40 sharing of the proceeds from the Malampaya project.

A 2009 report of the CoA found P53.14 billion of underpayments involving corporate income taxes due from the Malampaya consortium.

Under previous administrations, the Department of Energy (DoE) held the position that the tax liabilities had been covered by the 60% share remitted by the agency from 2002 to 2009. But the state auditor maintained that the consortium members underpaid their taxes. The dispute resulted in SPEx previously seeking arbitration in Singapore.

“Any action we think about at the moment is put on hold because we have to sort out CoA first,” Mr. Romero said.

“2024 is still a long time. Hopefully we’ll be able to work something out with the government and CoA reverses its decision,” he added.

Sought for comment, Energy Secretary Alfonso G. Cusi did not directly respond to Shell’s comment on Malampaya’s productive life. But he said the government’s plan to build an integrated liquefied natural gas (LNG) facility at a cost of around $2 billion would go ahead even if the Malampaya contract is extended beyond 2024.

“That’s part of [energy] security,” he said.

On Thursday, Mr. Cusi told participants at an energy industry forum that he believes there is an opportunity for the Philippines to benefit from an expected surge in LNG supply because of the country’s strategic location. He said a huge number of ships and vessels already pass through the country via Subic.

“If we plan ahead, we can be the gateway for future gas exports into Southeast Asia,” the DoE chief said.


source: http://bworldonline.com/shell-focused-ta...extension/
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#64
...RE is the new prontier

Shell to establish RE firm next year

A top official of Pilipinas Shell said a renewable-energy (RE) unit could be put up next year.

“We are in the process of setting it up. Maybe next year, it should be ongoing,” said company president Cesar Romero, who added that “Shell group, Shell International,” in particular, “plus a local partner,” will put up the RE firm.

Romero said it is a challenge to set up a company with partners involved “because we are foreign, we need a 60-percent Filipino partner. You have to work with a partner, come up with a JV [joint-venture] arrangement.”

He said discussions are being held with a prospective local partner.

“When you set up a company with partners, it’s a bit tricky,” Romero added. One intent of the RE venture is to differentiate itself from other RE providers, he explained.

“The vision is not necessarily anchored on setting up a generation facility but a combination of hybrid RE,” Romero said. “It’s a blended energy with renewable component. It’s not only going to be solar. We won’t be traditional solar installer.”

Shell has recently informed the National Renewable Energy Board (NREB) it is joining the RE bandwagon soon.

“Shell will enter the RE sector,” NREB Chairman Jose Layug announced in October. “They will start vey soon. It’s high time they did it. We welcome this,” Layug added in an interview when asked to elaborate on Shell’s plans.

No particular RE power source was committed to NREB, Layug said, adding that Shell is “open to any RE” and that “they will start looking for potential RE source.”

RE includes solar, hydro and wind, among others.

Shell had earlier announced that it was exploring various business models in preparation for its new investment in RE, following its parent firm’s announcement that it has established a separate division, New Energies, as a conduit to invest in renewable and low-carbon power.

“We believe we need to make a contribution toward a sustainable future. Part of that thrust is going toward low-carbon footprint,” Romero earlier said. “Oil will continue to play an important role. We are also pushing gas extensively.”

The oil business of the company is under Pilipinas Shell Petroleum Corp.

Meanwhile, Shell Philippines Exploration BV is the upstream company of Shell in the Philippines in charge of operating the Malampaya Deep Water Gas-to-Power Project.

The Malampaya gas field in offshore Palawan supplies natural gas to two more power plants in Luzon—the 1,000-MW Santa Rita and the 500-MW San Lorenzo power plants, both owned by the Lopez group.


source: https://businessmirror.com.ph/shell-to-e...next-year/
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