Pilipinas Shell announced today that it is permanently shutting down its oil refinery operations in Tabangao, Batangas, on the main Philippine island of Luzon, after suspending refinery operations last May 24 due to reduced fuel demand from Covid-19. The Tabangao Refinery commenced commercial operations in 1962, with an initial nameplate capacity of 30,000 barrel-per-day (bpd). […]

Petron Corporation continues to lead the Philippine fuel market, with a 27.08% market share, according to the latest data from the Philippine Department of Energy. In second place is Pilipinas Shell, with 18.50%, followed by Chevron Philippines, with 7.82%. Close behind Chevron Philippines is Phoenix Petroleum, with a 7.08% market share. In fourth and fifth […]

Latest published data from the Philippine Department of Energy (DOE) revealed that the entry of new players continues to erode the market share of the country’s top three major oil companies. The total market share of Petron Corp., Pilipinas Shell Petroleum Corp. and Chevron Philippines has declined from slightly above 77% in 2010 to just over […]

Philippine independent oil marketer Seaoil Philippines Inc. has signed a definitive agreement with Caltex Australia, which will acquire a 20% stake in Seaoil. The financial terms of the deal were not disclosed. “We have long sought for a strategic partner to complement our capabilities and competitive advantage, and we are optimistic that Caltex Australia, whose […]

Caltex Lubricants has introduced Delo Sports with ISOSYN Technology, the latest member of its diesel engine oil product family, in response to the increasing popularity of diesel-powered sports utility vehicles (SUVs) in the Philippines, as well changes in original equipment manufacturers (OEMs) engine designs. Delo Sports is specifically designed for SUVs and pick-up trucks, according to […]

Chevron Philippines Inc. (formerly Caltex Philippines) said Euro 4-compliant gasoline products are now available at its service stations in Metro Manila and other major cities. Chevron Philippines said in a statement that Euro 4 Caltex with Techron gasoline would be available nationwide by the end of the year. “Combined with the introduction of cleaner fuel standards […]

Petron Corp. is investing PHP 3.913 billion (USD 86 million) to modernize its five oil depots on Luzon island, Philippines. The five oil depots are located in Navotas; Rosario, Cavite; Limay, Bataan; Mabini, Batangas; and, Manila North. In November 2014, the Philippine Supreme Court handed down its final decision, effectively upholding Manila City Ordinance No. […]

Oil firms, such as Chevron Philippines, said they will ask the Philippine government to stick to its original plan to implement the Euro IV standard in January 2016. Last week, the Philippine Department of Environment and Natural Resources (DENR) announced that Euro IV will be implemented on 1 July 2015. “There is no major problem. […]